The sale of the Shanghai Sharks has been widely followed. After Yao Ming was elected as the president of the Chinese Basketball Association in February last year, he began to look for investors to buy his team. Currently, four companies have purchased 40% of the Shanghai Sharks' shares.
What happened?
Yao Ming bought the Shanghai Sharks for approximately 20 million yuan. The current sale price of the team may exceed 170 million yuan, which is the price paid by the Shanxi Xinghuacun Fen Wine Group for the Shanxi team in 2013.
Why it matters
The sale of the Shanghai Sharks is crucial for the Chinese Basketball Association and the entire Chinese basketball community. The team's new shareholders will have a significant impact on the team's development and the future of Chinese basketball.
What comes next?
The sale of the Shanghai Sharks is still ongoing. Yao Ming and the team's new shareholders will work together to promote the team's development and the prosperity of Chinese basketball.
| Stat | Value |
|---|---|
| Yao Ming's purchase price of the Shanghai Sharks | 20 million yuan |
| Current sale price of the team | over 170 million yuan |
The Shanghai authorities hope that the new shareholders will be state-owned enterprises, which will provide stable financial support for the team's development. At the same time, the team's new shareholders will also have a significant impact on the team's management and operation.