Foreign Investors Could Buy Stake In Cavs
Hooped Up | May 25, 2009Whatever happens to the Cavaliers this year or the next. In the summer of 2010, LeBron James will be offered enough money (by the Knicks) to buy a Jet with a pool in it. So news that help could be on the way to keep James in a Cavs uni should be great news to Cleveland fans.
The Cleveland Cavaliers could be using a Chinese conglomerate to help keep LeBron James in Cleveland -and away from the Knicks. Pending approval by NBA owners, the Cavs in recent days signed an agreement with a Chinese investment group to become minority owners of the NBA franchise and Quicken Loans Arena. The deal was first reported by the Cleveland Plain-Dealer.
I still don’t think this will scare the Knicks off from offering “The King” some “Jet with a pool in it” money.
Via NY Daily News

























