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Posts tagged ‘Cleveland Cavaliers’

Foreign Investigations into the NBA

A New Jersey congressman is demanding an official inquiry into Mikhail Prokhorov, the Russian billionaire who is about purchase the New Jersey Nets, for his apparent business dealings in Zimbabwe. The move threatens to crumble the $200 million USD deal and whether the team will ultimately be moving to Brookyln.

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Communist Quietly Comes to Cleveland

A look at the recent discussions concerning Hong Kong businessman Albert Hung, who is now purchasing a stake in the NBA's Cleveland Cavaliers.

I dug through the news reports from Ohio to China, trudging through the same list of accolades and accomplishments of Albert Hung, one of the wealthiest businessmen in Hong Kong, who is finalizing a deal to buy a 15 percent stake in the Cleveland Cavaliers, which is expected to be completed by the end of the year. Then I waited for the negative backlash.

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