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Old 12-15-2009, 02:27 PM   #1
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Default China investor finalizes deal to buy part of Cleveland Cavaliers

Reuters reports:

A Michigan investment firm has finalized a deal to sell its 15 percent stake in the Cleveland Cavaliers to a group led by Kenny Huang, bringing LeBron James' team a step closer to adding the National Basketball Association's first big Chinese investor.

A Cavaliers spokesman declined to comment, but Cavaliers Vice Chairman David Katzman, whose Camelot Venture Group owns the stake being sold, said an all-cash deal was reached and should be approved by year's end. The terms of the deal were not disclosed.
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Old 12-15-2009, 02:28 PM   #2
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

LeBron to get 1 billion all-star votes soon.
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Old 12-15-2009, 02:33 PM   #3
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Out of all the teams, why did the Chinese investors pick the Cavs? They are a small-market team in the middle of nowhere.
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Old 12-15-2009, 02:34 PM   #4
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by insidehoops
Reuters reports:

A Michigan investment firm has finalized a deal to sell its 15 percent stake in the Cleveland Cavaliers to a group led by Kenny Huang, bringing LeBron James' team a step closer to adding the National Basketball Association's first big Chinese investor.

A Cavaliers spokesman declined to comment, but Cavaliers Vice Chairman David Katzman, whose Camelot Venture Group owns the stake being sold, said an all-cash deal was reached and should be approved by year's end. The terms of the deal were not disclosed.

smart move by the investment firm, sell while lebrons still on the team.
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Old 12-15-2009, 02:36 PM   #5
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by cotdt
Out of all the teams, why did the Chinese investors pick the Cavs? They are a small-market team in the middle of nowhere.
Lebron
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Old 12-15-2009, 02:39 PM   #6
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

old news
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Old 12-15-2009, 02:53 PM   #7
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by HylianNightmare
Lebron

What if Lebron doesn't stay?
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Old 12-15-2009, 03:59 PM   #8
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Stern should keep a close watch on how much China is allowed to invest in NBA franchises.
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Old 12-15-2009, 04:03 PM   #9
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

In other news, The Cavaliers shock the NBA world by drafting an unknown player from China, Ming Chao, in the 1st round with the 26th overall pick.
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Old 12-15-2009, 04:23 PM   #10
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by bdreason
Stern should keep a close watch on how much China is allowed to invest in NBA franchises.
and why would that be?
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Old 12-15-2009, 04:28 PM   #11
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by twolvesfan
and why would that be?
Political propaganda that the Chinese is the root of all evil.
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Old 12-15-2009, 04:32 PM   #12
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by gyu
Political propaganda that the Chinese is the root of all evil.
it isn't? don't make me bump the fetus soup thread.
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Old 12-15-2009, 04:43 PM   #13
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by goldenryan
it isn't? don't make me bump the fetus soup thread.
i cant tell if this is sarcasm or not so ill bite, bump it
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Old 12-15-2009, 04:48 PM   #14
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by twolvesfan
i cant tell if this is sarcasm or not so ill bite, bump it
In case it isn't:
http://www.snopes.com/horrors/cannibal/fetus.asp

And lol, no surprise, U.S. governemnt involvement
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Old 12-15-2009, 04:55 PM   #15
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Default Re: China investor finalizes deal to buy part of Cleveland Cavaliers

Quote:
Originally Posted by cotdt
Out of all the teams, why did the Chinese investors pick the Cavs? They are a small-market team in the middle of nowhere.

You obviously don't know your geography.
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