The Shanghai Sharks, a strong team in the Chinese Basketball Association (CBA), are being sold by their owner Yao Ming. According to reports, Yao Ming has sold 40% of the team's shares to companies such as CMC Holdings Ltd. and Everbright Capital Investment Co. However, the remaining 60% of shares are hard to sell. The Shanghai local official newspaper Jiefang Daily reported that Yao Ming hopes the new investors will be state-owned enterprises with stable operating and financial conditions. The sale price of the Shanghai Sharks may exceed 17 million yuan, higher than the price of 17 million yuan paid by Shanxi Xinghuacun Fen Wine Group Co. for the Shanxi team in 2013. Yao Ming bought the Shanghai Sharks for approximately 2 million yuan. The new season is about to begin, and other teams are not concerned that Yao Ming has not yet sold all of the Shanghai Sharks' shares. Other club owners may hope that the team can be sold for a good price, which will directly affect the value of other teams and how investors operate their teams. Famous basketball reporter Su Qun said that the final sale price of the Shanghai Sharks will directly affect the value of other teams and how investors operate their teams. Yao Ming decided to sell the Shanghai Sharks to protect the fairness of the league. The sale progress of the Shanghai Sharks will be closely watched. The team's performance in the new season will also be affected. Yao Ming's decision will have a significant impact on the Chinese basketball world. The future development of the Shanghai Sharks will be widely watched. The team's head coach and key players such as Liu Xiaoyu and Zhang Zhaoxu will play important roles in the new season.