China's capital NBA strategic upgrade, the transfer of the Nets to buy shares

Absrtact: Not long ago, Chinese shareholder Huang acquired the NBA Cleveland Knight 15% shares, became the first foreign boss in NBA history.　　A similar situation could be found in another NBA team courtside, who also came from China. With 60 million dollars in venture capital, the year of brewing in Hong Kong listing financing, the acquisition of the NBA team courtside part of the shares, the recent news. Comics: 邝飚 Not long ago, Chinese shareholder Huang acquired the NBA Cleveland Knight 15% Stake, became the first foreign boss in NBA history.　　A similar situation could be found in another NBA team courtside, who also came from China. Yesterday, there is news that a Chinese sports brand enterprises are actively engaged in contact with the network, is interested in the purchase of some shares in the basket. According to the news, the acquirer is likely to be a recent 60 million dollar venture, and the brewing year to the Hong Kong listing financing of the Fujian group.　　Yesterday, the reporter telephoned the person concerned to verify that the other party did not deny, only said it is still "unclear." Detailed description of the "basket" will usher in a major opportunity, a Chinese sports brand enterprises are actively and the network of high-level contacts, trying to negotiate the purchase of some of the basket of shares.　　"There are foreign sources said that because of the financial crisis and the basket net wage ceiling and other reasons, the nets urgently need capital injections to solve the current difficulties." The news did not disclose the name of the Chinese company, but it was described as having cooperated with the nets and rockets and spent nearly millions of dollars a year investing in the NBA.　　In addition, the company will soon be listed in China.　　All the details are quite consistent with the N BA official partner, Pip. Nets need to introduce investors "I can not disclose too much information, can only say that the situation is not clear." "Yesterday," said a reporter in an interview.　　Notably, he did not deny the possibility of a takeover. Last October, courtside, chief Administrative Officer Brettes Jomac, said the Nets would increase cooperation with sponsors to prepare for relocation to Brooklyn, New York. As the recession peaked in the United States, the Nets were in the same boat as the other big-League teams.　　At the same time, the basket, located in the center of East Rutherford Izod, New Jersey, is one of the lowest-value teams in the nine-area professional sports teams in New York. According to Forbes ' estimate of the market value of the N BA teams, the Nets ranked 17th in 338 million dollars, while the Knicks, which was only nine miles away, were at the top of the league with a market capitalisation of 608 million dollars. In addition to the method of manoeuvre, the Nets clearly need other ways to improve the operating environment.　　With the Cavaliers, the introduction of investors is undoubtedly the choice. Acquisition or adoption of share replacement although the Nets do not have the same super star as the Cavaliers LeBron James, the Chinese players still working in the Nets have inadvertently become the key players in the acquisition, and once the takeover succeeds, it will undoubtedlyBring immeasurable brand value. In addition, the Nets themselves are optimistic that any one of the N BA teams will not easily give up China, a huge market of 1.3 billion people.　　And the net itself, already has Yi Jianlian this big Chinese element. As to how much the acquirer will eat into the basket, according to people familiar with the matter, still in contact, the key depends on the way the acquisition and time Point. "If the card is in cash, the card that has not yet been listed means it is impossible to eat too many shares." But the person believes there is another possibility of a share exchange, which is more beneficial to the nets. "It may be listed in Hong Kong this year, and the Nets will gain more if they change their shares," he said. ”