Yao Ming, Team Owner

by July 16, 2009

Yao is now the proud owner of the Shanghai Sharks: “Houston Rockets center Yao Ming has purchased his financially troubled former club the Shanghai Sharks, Chinese media reported on Thursday…’I grew up in the city and became a professional player in this team, so I hope I can do something to help,’ Yao was quoted as saying on Shanghai TV. The Sharks shared in the worst deficit in 14 years of the Chinese Basketball Association (CBA) last year and were in danger of failing to start the new season in November because of their dire finances.”