Truth & Rumors > NBA

Chinese investors to buy stake in Cavs

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08:04 AM ET 05.24 | According to multiple sources within the Cavs, franchise majority owner Dan Gilbert has a tentative agreement in place to allow a group of Chinese investors to purchase a significant stake in the Cavaliers Operating Company, the entity that owns the Cavs and operates Quicken Loans Arena. The group is led by JianHua (Kenny) Huang, a Chinese businessman who has become successful by linking American and Chinese companies.

Cleveland Plain Dealer

LeBron James, AP LeBron James, AP

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