Off-the-Field Issues

Marino, Jonathan
July 2009
Mergers & Acquisitions Report;7/6/2009, Vol. 22 Issue 27, p9
The article focuses on the move of the professional sports sector in the U.S. to embrace foreign investment in the midst of a financial crises. One example involves the sale of a 15% stake in the National Basketball Association's (NBA) Cleveland Cavaliers by a consortium of Chinese investors including Jianhua Huang. The need for funding by the NBA came to light when it lined up a 200 million U.S. worth of loan to support its under-funded franchises.


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