Yao Ming buys the team not to back old debt as "the ball boss" at least two months later

Every reporter Wang Wenxian from Shanghai July 15, basketball star Yao Ming's old club the controlling shareholder of Shanghai Oriental Basketball Club, Shanghai Wen Guang Group, announced that the club has signed a framework agreement with Yao's broker team, leader, to transfer all equity to Yao's wholly-owned company, Shanghai Tiger Shark Investment Management company.　　According to reports, the Oriental Basketball club losses in successive years, to the end of 2007, the loss of nearly billion. Yesterday, Zhang Tixia, general manager of Shanghai Oriental Basketball Club, said in an interview with the Daily economic news that the debts of the club were all borne by the original shareholders. In the framework of the agreement, Yao Ming's acquisition of the team only for men and men's youth team.　　At present, a third party has been engaged in the evaluation of assets audit, and then to report to the relevant departments for approval, to the property exchange listed transfer, the most smooth also need two months time.　　20 million operating fee for the first year?　　In late June this year, in Beijing, held in the CBA League summary meeting, the general Administration of Sport, director of the basketball center Xinlancheng said, Shanghai, Shaanxi, Jilin and Yunnan Four clubs proposed the transfer of equity applications. Among them, Shanghai Oriental Basketball Club is Yao Ming's old club. Yao Ming won the National League Championship during the club's effectiveness.　　However, after Yiu Mingyuan to play in the NBA, the eastern men's basketball in all aspects of the situation is getting worse, only 2 yuan a ticket is not interested, only 20 or so per game audience. Previously, Shanghai Wen Guang Group held 59% of the club's stake, Shanghai Sports Vocational College shareholding 40%, the remaining 1% of the shares belong to the Shanghai Airport Group. Shanghai Oriental Basketball Club has fed 4 teams at an annual cost of less than tens of millions, according to a senior person. 2007, the club and Liaoning Western Group signed a related contract, Western Group said the annual investment club 15 million yuan.　　March 20 this year, the Western Group in early termination of the contract. There have been rumours that half of the $15 million trillion dollars a year has been diverted from the club's account. According to people familiar with the situation, the actual annual operating cost of the Oriental Basketball Club is about 13 million ~1400 million yuan.　　According to the news, Yao Ming to the Oriental Basketball Club, will be in the first year to provide 20 million yuan operating costs. Yao Ming is still a variable. General manager of Shanghai Oriental Basketball Club Zhang Tixia revealed that after the club wanted to carry out the transfer of shares, there are several companies, investors take the initiative to find a comprehensive consideration after thinking that Yao Ming is the most suitable for the assignee. Because he had played in the club and had special feelings for the club. And Yao Ming's "celebrity" will also be advertising investment, the ball market and other benign stimulation.　　At present, the Oriental Basketball Club has 4 teams, the result of the consultation is to Yao to transfer 2 of the men's team. Prior to the completion of the transfer of equity, the club must submit the share Transfer report and the preparation report for next season to the Central Sports administration's basketball center. CBA League office has informed the Oriental Basketball Club, about the transfer of equity things willThe relevant report must be submitted by July 30.　　Zhang Tixia said that according to the current progress in the completion of the relevant reports, has submitted an extension of the application. According to Zhang Tixia revealed that the "leader team" after consultation, will be stripped of debt after the transfer, the relevant debt by the club's current shareholders bear.　　The final leasing must wait for the asset assessment report to be revealed, only to say that the possibility of successful acquisition is greater. It has been reported that Yao Ming himself wanted to buy the Shanghai Oriental Basketball Club, while his manager's team held a hesitant attitude. The senior personage mentioned above worries that, because the club has a part of intangible assets, the final assessment of prices may exceed the "leader team" expected, resulting in the acquisition plan aborted.　　This is not the "decided" thing at the moment. Yesterday, the consultation of the "leader team" in charge of Zhang Mingki told reporters, he thought that this is not a simple enterprise transfer behavior, Oriental Basketball Club representative of Shanghai's image, the acquisition of a very large grasp.