Monday, May 25th, 2009 at 9:30 am  |  20 responses

China Invests in LeBron

Dan Gilbert is selling a significant chunk of the Cavs, with LBJ’s business interests in mind: “According to multiple sources within the Cavs, franchise majority owner Dan Gilbert has a tentative agreement in place to allow a group of Chinese investors to purchase a significant stake in the Cavaliers Operating Company, the entity that owns the Cavs and operates Quicken Loans Arena. The group is led by JianHua (Kenny) Huang, a Chinese businessman who has become successful by linking American and Chinese companies… Becoming the [Michael] Jordan of China from a marketing standpoint would allow [LeBron] James to reach his goal of someday becoming the first billionaire athlete. Over the last few years James has been lagging behind more established stars like Kobe Bryant and even Tracy McGrady, a teammate of China’s national hero Yao Ming of the Houston Rockets, in Chinese popularity. But his Most Valuable Player Award — an honor that brought Bryant to the top of the list in Chinese jersey sales within the last year — has gotten James huge attention. With increased interest with this deal, James could be in position to surge ahead.”

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  • Ben

    Tiger Woods is already a billionaire

  • Teddy-the-Bear

    Zhong Guo!!!!!!!!

  • Teddy-the-Bear

    Invest in the Knicks!!! We want LeBron THERE, not in Cleveland!! Come on Kenny…

  • http://slamonline.com/online/category/blogs/fear/ Freedom Fries

    Dear Dan, you might want to read the fine print – when Bron leaves, so does the Chinese financial backing….

  • neaorin

    Why not, the Chinese are gonna buy the entire NBA in a decade or two anyway, might as well get the ball rolling…

  • BostonBaller

    It’s a darn shame that “made in American” doesn’t really mean much any more. Half if not more of the largest companies in America are owned by China or some other foreign country. In this economic mess where jobs are being lost daily there is a scary thought that ,again, half the jobs that are out there are held by non American born people (some illegal). So hearing the other night that China might buy a part of a team was not a shock just a fact waiting to happen.

  • http://www.myspace.com/weezyleezy337 weezy f. leezy

    i dont kno about you but i think lebron is definately gonna leave now

  • Kas

    bostonballer sounds like your typical ignorant redneck racist american

  • Mike

    I hope whoever wrote that Tiger woods is a billionaire was joking
    otherwise smh

  • http://www.slamonline.com Blinguo

    Why do they say the Michael Jordan of China? LeBron is a China native prodigal sun now? Turkoglu, the Michael Jordan of Turkey, is the only person to get a “Jordan from” designation.
    Marketing standpoint, no. Global icon, China takes notice and holds him high in esteem too, yes.

  • http://www.slamonline.com Blinguo

    Wonder if Steve Francis can still sign and star for a CBA team. But then you don’t really wish the God Shammgod route on anybody.

  • Josh D

    Even if Tiger Woods was a billionaire, it wouldn’t matter, cos Golfs not a sport

  • Teddy-the-Bear

    @ BostonBaller: How is that a bad thing? The US is home to maybe the most multinational corporations world.

  • Teddy-the-Bear

    And when did China as a country become a business corporation?

  • http://www.twitter.com/TheDiesel Anton

    haha so true, Josh D.
    And LeBron’s obviously going to the Rockets now, to get the Yao Ming bump.

  • Teddy-the-Bear

    LOL, sadly, co-sign Kas. That was an ignorant comment, BostonBaller.

  • http://slamonline.com Russ Bengtson

    If the Cavs don’t win it all this year, they’re getting moved to Beijing.

  • http://www.triplejunearthed.com/dacre Dacre

    Whats the chinese equivilent of a cavalier…?

  • Rnz

    Lee Bron?…Im just saying..

  • chintao

    I hope the Cavs stay in Cleveland. We’re just fine, rooting for the Golden Ducks.