www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Shanghai investor acquires stake in Timberwolves

(Agencies) Updated: 2016-06-30 09:49

Mainland owner seen helping the team broaden its fan base

Businessman Lizhang Jiang has become the first Chinese owner in a National Basketball Association team with a stake purchase in the Minnesota Timberwolves, weeks after he took control of a Granada-based club playing in Spain's top soccer league.

Jiang, general manager of Shanghai Double-Edged Sports, made the investments "out of his personal interest, as he has a strong passion for sports after working so many years in the sports marketing business in China," said Yu Yue, a spokeswoman for the company. She declined to confirm the size of stake that Jiang took in the Timberwolves.

The Chinese businessman is buying 5 percent of the NBA team, according to a person familiar with the transaction, who asked not to be identified as the transaction isn't complete.

Real estate investor Meyer Orbach will buy about 10 percent of the franchise. Control of the team will remain with Minnesota billionaire Glen Taylor, who bought the team in 1994.

The Timberwolves are worth $720 million, 27th in the 30-team league, according to Forbes. The team finished 29-53 this past season, 13th in the Western Conference. Timberwolves spokesman Brad Ruiter said the club would comment on investors this week.

The NBA has spent decades cultivating fans in China, and an owner from the Asian country might help the team and league win fans and sell sponsorships to Chinese companies.

When Yao Ming played for the Houston Rockets from 2002 to 2011, the popularity of the NBA surged in China and in other parts of Asia.

Jiang became the new owner of Granada Club de Futbol after paying 37 million euros ($41 million) to Italian businessman Gino Pozzo, the Spanish news agency EFE reported June 15.

The team plays in Spain's First Division soccer league, where it is currently ranked in 16th place.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美日韩一区二区在线观看视频 | 一级视频在线观看 | a级在线观看 | 大伊香蕉精品视频在线 | 国产在视频线精品视频www666 | 精品xxxxxbbbb欧美中文 | 久久综合精品国产一区二区三区 | 日本加勒比在线播放 | 午夜在线视频一区二区三区 | 亚洲国产高清在线精品一区 | 久久精品国产国产精品四凭 | 99re久久精品国产首页2020 | 日韩精品视频美在线精品视频 | 国产高清国产专区国产精品 | 生活片一级播放免费 | 午夜三级国产精品理论三级 | 亚洲精品一区二区在线播放 | 国产性做久久久久久 | 亚洲国产日韩欧美综合久久 | 农村寡妇女人一级毛片 | 手机成人看片 | 久操福利视频 | 国产欧美日韩亚洲精品区2345 | 欧美毛片 | 富二代精品视频 | 中文在线免费视频 | 国产日韩一区二区三区在线播放 | 国产成人a在一区线观看高清 | 三级手机在线观看 | 国内精品美女写真视频 | 亚洲精品推荐 | 国产免费久久精品99re丫y | 亚洲成人在线播放视频 | 日本三级成人中文字幕乱码 | 91人成亚洲高清在线观看 | 红色记忆| 一本伊大人香蕉高清在线观看 | 国产高清在线看 | 久草在线国产 | 日韩黄色一级毛片 | 欧美成人午夜影院 |