Found May 27, 2009 on The Biz of Basketball: Yardbarker Blogger Network
According to Yahoo.com the Cleveland Cavaliers will sell a significant portion of the team to Chinese investors. The group that is interested is led by JianHua (Kenny) Huang, a Chinese businessman who has become successful by linking American and Chinese companies. Although there have been ownership struggles for some time in Cleveland I think it comes as no surprise that an overseas buyer would be interested in a team featuring the sports largest star - LeBron James.  There has been rampant speculation over where James will play following the 2010 season but this action may make it easier to believe that he is staying put.  You would have to imagine that any potential buyer would be less interested in the team without him. Conversely, this may be an opportunity for majority owner Dan Gilbert to strike while the iron is hot. The Cavs are currently in the Eastern Conference finals and LeBron is still under contract for another year. If the deal goes through this will be a...
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