Investors from China set to buy into Cavs

  • Other Sport
  • Tuesday, 26 May 2009

CLEVELAND: Cleveland Cavaliers majority owner Dan Gilbert has a tentative agreement to sell a major stake in the National Basketball Association team to a group of Chinese investors, the Plain Dealer reported on Sunday.

The Cleveland newspaper, citing multiple unnamed club sources, reported that the Chinese group was led by Huang Jianhua, who has a reputation for linking US and Chinese companies.

The deal for the Cavaliers and their home arena could supply enough funding to ensure the team can keep superstar LeBron James, the NBA Most Valuable Player who could become a free agent in 2010, and build a top team around him. — AFP

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