Cavs investor buys into Chinese basketball leaguePosted by Inside Hoops
The AP reports:
After becoming part-owner of the Cleveland Cavaliers, Jianhua ‘Kenny’ Huang’s next goal is to transform pro basketball in his homeland of China.
As an investor in China’s National Basketball League, Huang says he’ll introduce cutting-edge management practices adopted from England’s Premier League and the NFL.
“This is the first time private enterprise has been given the chance to reform a Chinese league,” Huang told The Associated Press Tuesday by telephone from Cleveland.
The new NBL also plans to promote homegrown talent, distinguishing itself from the dominant Chinese Basketball Association, where 19 of the 20 top scorers last year were foreigners.