the black China hand

The deal that may give a group of Chinese investors a minority stake in the Cleveland Cavaliers and its arena signals the first significant investment in a major American sports franchise by investors from China.

Interesting. Very interesting! And what foresight. If Lebroon and the Cavs win it all, then the investment must pay some dividends. If not, then still your tied to one of the most dynamic players the NBA has every seen in such a small market (that is unless he goes to NY as some have suggested when his contract is up in Cleveland). Still, regardless of where Lebron ends up, this is, by my cursory review of the annals, the first time that Chinese investors had put it up for interest in an American team.

In Deal With Chinese Investors, Cavaliers Are Adding a Major Player