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<  Yao on the court, and his most recent game  ~  Yao Ming Will Fully Own Shanghai Sharks !!!

PostPosted: Thu Jul 16, 2009 4:03 am
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
Well, quite a candid analysis on the situation.

Sort of a ST (Special Treatment) stock investment as far as Big Yao is concerned.

An estimated RMB 20 Million input per annum to run this team that nurtured him and loved by him.....

But not necessarily a good business decision/investment.


Quote:

http://www.time.com/time/world/article/ ... 56,00.html

Yao Ming Buys His Former Chinese Team

By Hannah Beech
Thursday, Jul. 16, 2009


The American dream unfolds as a familiar tale: poor kid works hard and grows up to be a rich, successful businessman. The Chinese dream isn't so different, except in the case of basketball star Yao Ming, it goes something like this: poor kid is pushed into a sport he has little interest in, brings a lackluster team in Shanghai to victory in the national championships and gets drafted by the Houston Rockets, where his offensive prowess earns him seven National Basketball Association (NBA) All-Star awards. Fast-forward to the present and the 7-ft. 6-in. center faces bench time because of a foot injury that some speculate could end his career. What to do but follow the Chinese dream and become a successful businessman? On July 16, Yao's agent told China's state-run media that the 28-year-old Shanghai native is buying his former Chinese basketball team, the Sharks.

Home-team affection notwithstanding, it's not clear whether the Sharks will be a good investment for China's richest sports star. After Yao departed for the U.S. in 2002, the Sharks went from national champions to perennial league basement-dwellers. At the same time, the Chinese Basketball Association (CBA) has languished, in part because young Chinese would prefer to watch the high-octane antics of the NBA rather than the second-rate efforts of their national league, where poor coaching and antiquated playbooks have stunted the game. It doesn't help, either, that China's best players, like Yao and the New Jersey Nets' Yi Jianlian, have fled the CBA for the klieg-lights of the North American league. All in all, the CBA lost nearly $17 million last season, and the Shanghai club is among one of the most financially troubled teams in the league.

The Sharks are currently owned by an unlikely consortium that includes a Shanghai media group, a domestic airport operator and a state sports institute. According to China's official news agency, Xinhua, Yao is in the process of buying out shares from some major investors. No estimate has been released, however, of just how much Yao will spend on his former team, for which he started training as a young teenager.

The Sharks' precarious finances were thrown into further turmoil this year when a major sponsor, a fertilizer and fireproof-material conglomerate called Xiyang Group, pulled out of a contract two years early. If Yao's ownership deal does go through, as expected, it's not clear how much input Yao will have in shaping the team. Although he is a product of the state-run sports machine that still dictates much of the Sharks' athletic direction, Yao has, in the past, issued oblique criticisms of the creativity-stunting and motivation-sapping style of Chinese hoops. Even if he takes the helm as the Sharks' primary owner, spurring change within a state athletic system may be too much for this big man to handle.


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PostPosted: Thu Jul 16, 2009 9:43 am
Posts: 247Joined: Sat Jan 06, 2007 10:05 am
yao has set himself up either way.


if he cannot return to the NBA, he can at least be the next Jackie Moon (player, owner of his own team) :wink:

if he returns to NBA and healed, then he can take the summers off and rest because he no longer has to worry about playing for the sharks (Yao is the boss now) or does China still have Yao by the balls and will force him to play for the national team
:x


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PostPosted: Thu Jul 16, 2009 6:55 pm
Posts: 924Joined: Sun Nov 12, 2006 7:04 pm
Finally, we'v got something that suits for Yao to do.

Hopefully he will be a successful boss.

Didn't I suggest him to do so?


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PostPosted: Mon Nov 09, 2009 5:51 am
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am


So almost 5 months gone since the day it was announced that Yao Ming will fully own the Shanghai Sharks.

But things got complicated that it seems it will be still a few years off before Yao Ming could fully own the Shanghai Sharks.

  • An assets evaluation had been done to determine the net value of Shanghai Sharks.
  • Since there are national assets involved in the club, so it will still be some months or even years before those issues could be resolved to transfer the stocks/ownership to Yao Ming.
  • There are also parties including some local enterprises and health clubs interested to bid for Shanghai Sharks.
  • Instead, a 5-year agreement/contract was signed between Team Yao and Shanghai Municipal Sports Bureau that Yao Ming and Team Yao will become housekeepers for the Shanghai Sharks, i.e. they will have the rights to manage/operate the team for the next 5 years or until the time that the ownership/stocks be transferred to Yao Ming.
  • Lu Hao, Yao Ming's agent in China, was appointed the General Manager of the Club.
Lu Hao threw a press conference today to announce the following:

  • Li Qiuping, Yao Ming's mentor and head coach for Shanghai Sharks for the past 14 years is asked to step down as the head coach of the Shanghai Sharks. Since he is currently hospitalised and recuperating from Hepatitis A and is not expected to be fully recovered in 3 months time, it will be decided whether he will leave Shanghai Sharks permanently or be retained as a senior consultant for the team.
  • Shanghai Sharks will also be relocated from their current venue in Luwan to Pudong.
  • Shanghai Sharks will have an expatriate head coach and an assistant head coach. Anthony Falsone, Yao Ming's personal trainer will be the assistant head coach for the new season.
  • All the existing coaching staffs of Li Qiuping will be retained to work for the new expatriate head coach, who will be arriving November 9.
  • All current players of Shanghai Sharks will be retained; but Lu Hao admitted that alot of them have yet agreed terms and conditions and concluded contracts with the team, as they are still taking a wait-and-see attitude.
  • Liu Wei, Yao Ming's old pal/buddy and captain of the national team, is contemplating for a trade/transfer. It is rumored that a few CBA teams, and in particularly Bayi Rockets are interested to acquire his services. The offer from the other teams are too good for Liu Wei to refuse.
  • Shang Ping, the NCAA power forward, had decided not to join Shanghai Sharks, and instead had signed up with Beijing Capital Steel Ducks.
  • The deadline for player registration is fast approaching (November 15); yet Shanghai Sharks has yet a firm roster for the new season, and has yet to scout and identify expatriate players.
Looks like the Shanghai Sharks is in a mess !!!


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PostPosted: Mon Nov 09, 2009 10:18 pm
User avatarPosts: 12438Joined: Fri Jul 22, 2005 4:27 pm
pryuen wrote:
Looks like the Shanghai Sharks is in a mess !!!
why would Yao want to buy into such a messy situation :?:


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PostPosted: Tue Nov 10, 2009 2:48 am
Posts: 18023Joined: Thu Jul 03, 2003 1:31 pm
Yao should play for this team. Yao just closed his restaurant in Shanghai. He is probably not very good at managing his businesses.


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PostPosted: Tue Nov 10, 2009 3:14 am
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
superjohn wrote:
Yao should play for this team. Yao just closed his restaurant in Shanghai. He is probably not very good at managing his businesses.


If you don't know something, you'd BETTER STFU so as not to embarrass yourself. :roll:

That Yeeha Restaurant in Shanghai had
NOTHING to do with Yao Ming or his parents.

In fact Team Yao is contemplating to sue the guys there for improper use/imfringement of Yao's name.


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PostPosted: Tue Nov 10, 2009 3:27 am
Posts: 18023Joined: Thu Jul 03, 2003 1:31 pm
You stupid moron, I know that Yao does not own that restaurant. I just wanted to bait you to say some foul words. Again, you showed your childish attitude.

There are so many Yao Ming in China. Don't be so naive here.


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PostPosted: Tue Nov 10, 2009 4:48 am
User avatarPosts: 12438Joined: Fri Jul 22, 2005 4:27 pm
pryuen wrote:
superjohn wrote:
You stupid moron, I know that Yao does not own that restaurant.
I just wanted to bait you to say some foul words..
.... that's \WHY you're considered SuperMoronicJean on this forum. :P


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PostPosted: Tue Nov 10, 2009 4:54 am
User avatarPosts: 3993Location: ChinaJoined: Mon Nov 17, 2003 11:47 am
I think over the long term, this is a fantastic investment.

pryuen wrote:


So almost 5 months gone since the day it was announced that Yao Ming will fully own the Shanghai Sharks.

But things got complicated that it seems it will be still a few years off before Yao Ming could fully own the Shanghai Sharks.

  • An assets evaluation had been done to determine the net value of Shanghai Sharks.
  • Since there are national assets involved in the club, so it will still be some months or even years before those issues could be resolved to transfer the stocks/ownership to Yao Ming.
  • There are also parties including some local enterprises and health clubs interested to bid for Shanghai Sharks.
  • Instead, a 5-year agreement/contract was signed between Team Yao and Shanghai Municipal Sports Bureau that Yao Ming and Team Yao will become housekeepers for the Shanghai Sharks, i.e. they will have the rights to manage/operate the team for the next 5 years or until the time that the ownership/stocks be transferred to Yao Ming.
  • Lu Hao, Yao Ming's agent in China, was appointed the General Manager of the Club.
Lu Hao threw a press conference today to announce the following:

  • Li Qiuping, Yao Ming's mentor and head coach for Shanghai Sharks for the past 14 years is asked to step down as the head coach of the Shanghai Sharks. Since he is currently hospitalised and recuperating from Hepatitis A and is not expected to be fully recovered in 3 months time, it will be decided whether he will leave Shanghai Sharks permanently or be retained as a senior consultant for the team.
  • Shanghai Sharks will also be relocated from their current venue in Luwan to Pudong.
  • Shanghai Sharks will have an expatriate head coach and an assistant head coach. Anthony Falsone, Yao Ming's personal trainer will be the assistant head coach for the new season.
  • All the existing coaching staffs of Li Qiuping will be retained to work for the new expatriate head coach, who will be arriving November 9.
  • All current players of Shanghai Sharks will be retained; but Lu Hao admitted that alot of them have yet agreed terms and conditions and concluded contracts with the team, as they are still taking a wait-and-see attitude.
  • Liu Wei, Yao Ming's old pal/buddy and captain of the national team, is contemplating for a trade/transfer. It is rumored that a few CBA teams, and in particularly Bayi Rockets are interested to acquire his services. The offer from the other teams are too good for Liu Wei to refuse.
  • Shang Ping, the NCAA power forward, had decided not to join Shanghai Sharks, and instead had signed up with Beijing Capital Steel Ducks.
  • The deadline for player registration is fast approaching (November 15); yet Shanghai Sharks has yet a firm roster for the new season, and has yet to scout and identify expatriate players.
Looks like the Shanghai Sharks is in a mess !!!


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