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International Law

: China Briefing Blog

Chinese Investors Buy Minority Stake in NBA Team

By China Briefing

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May 26 ? A Chinese investment group has bought minority stakes of a U.S. basketball franchise and its arena. The group could purchase as much as 15 percent of Cavaliers Operating Co. although the deal is still pending approval from the National Basketball Association’s board of governors. Team president Len Komoroski told the AP that the group [...]

Full post as published by China Briefing Blog on May 26, 2009 (boomark / email).

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