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<  Yao off the court; Yao's personality  ~  Yao Ming interested in buying Clippers, report says

PostPosted: Fri May 23, 2014 8:46 am
User avatarPosts: 2329Location: Brooklyn, NYJoined: Thu Feb 12, 2004 5:17 pm
Just received this tweet from the SBnation blog: the dreamshake.

http://www.thedreamshake.com/2014/5/23/5745060/yao-ming-interested-in-buying-clippers-report-says

Quote:
By Patrick Harrel @PatrickHarrel on May 23 2014, 10:31a
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Bill Simmons is reporting that Yao Ming is interested in buying the Clippers. We just want Yao back in the NBA.

With news breaking today that Donald Sterling will allow his wife to go ahead and sell the Clippers, many are starting to speculate on who could make a deal and buy the team. Magic Johnson has been discussed to death, and now there is another name reportedly joining the fray: Yao Ming.

After retiring from the league in 2011, Yao returned to China and bought his former team, the Shanghai Sharks, who were in financial disarray, and has owned them ever since. Returning to the United States to buy the Clippers would be a huge surprise, but the league would be much better off for it.

With Donald Sterling on his way out, the NBA is going to want any new owner of the team to be a model citizen. Out goes the racist, discriminatory scumbag and in comes a guy who has spent the last three years saving endangered animals in Africa when he wasn't working on his team? It's a dream for Adam Silver.

Add in the fact that Yao is internationally one of the most widely respected and loved players to ever play in the NBA, and it's a slam dunk for the league. Yao is a great ambassador for the game to Asia, and his returning to involvement in the NBA would be a boon for the league's popularity abroad.

This is just one report and there will be many more with other names involved, but I hope something comes of it. The NBA has been without Yao for far too long.


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PostPosted: Fri May 23, 2014 9:12 am
User avatarPosts: 15529Joined: Fri Nov 14, 2003 1:31 pm
LOL. Gud luk wit dat.


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PostPosted: Fri May 23, 2014 9:48 am
User avatarPosts: 2329Location: Brooklyn, NYJoined: Thu Feb 12, 2004 5:17 pm
I agre, probably won't happen.
but it would be cool if it did.


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PostPosted: Fri May 23, 2014 10:01 am
User avatarPosts: 15529Joined: Fri Nov 14, 2003 1:31 pm
It's funny that white people get accused of racism. They naturally want to hide behind Chinaman. HAHA.

This is retarded Bill Simmons speaking in the subtle racism code. This is higher level sht that Chinese haven't figured out yet. But Simmons should really learn to STFU, because he's got a lot on the line now. He could have used one of his many expendable lackeys to say retarded sht.


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PostPosted: Fri May 23, 2014 4:38 pm
User avatarPosts: 4750Joined: Wed Jan 21, 2004 2:39 am
Quote:
As if we needed another big name thrown into the mix for new Los Angeles Clippers ownership, "Yao Ming is putting together a group of wealthy Chinese investors to make a serious run" at buying the franchise, reports ESPN's Bill Simmons. Yes, we've reached the stage of this process where even international former stars are throwing their hats into the ring.

Why this makes sense

For one, Yao is an extremely wealthy individual. Since retiring from professional basketball in 2011, the Chinese ex-superstar has emerged as a prominent investor in China's technology industry, and as of two years ago, had amassed a net worth of over $150 million.

Back in 2009, Yao purchased his former Chinese team, the Shanghai Sharks, when the financially struggling franchise was on the brink of shuttering. He's also taken college classes and started a winery since leaving the NBA, so he has the time to work on his passions.

As for the league, adding a Chinese ownership group backed by arguably the most popular international player in league history is a pretty tasty proposition. Commissioner Adam Silver has touted his desire to expand the NBA beyond North America in the past, and replacing the Sterling ownership with a Yao-based group would contribute to that.

Why this doesn't make sense

A lot of very wealthy, very connected people want to buy the Clippers.

Just because Yao Ming has the money and group support to purchase the team doesn't mean it will happen, especially if the Clippers get their way and Shelly Sterling is allowed to dictate the process, which would only complicate matters.

We've already seen an incredible number of prominent, respected people tied to the franchise, from Magic Johnson to Oprah, so the bidding process will be extremely competitive.

When folks talk about the Clippers selling for around $2 billion, that's partially a reflection of demand for the team. There are a lot of people who would love to own an NBA franchise, let alone an NBA franchise in the United States' second-largest market.

Likelihood

The odds that Yao actually puts together a group, bids for the Clippers and has that bid accepted by the NBA are pretty low. Again, this isn't because Yao isn't a respected person in league circles or lacks money. This is about the overwhelming demand that's likely to result from the sale of the team. There isn't really a possible owner out there, as of now, who garners particularly high odds.

The possibilities are impressive, though, Yao among them. Whoever does become the new Clippers owner will likely have quite the resume.


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PostPosted: Fri May 23, 2014 5:15 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
Quote:

The odds that Yao actually puts together a group, bids for the Clippers and has that bid accepted by the NBA are pretty low.


PERSONALLY AGREED with that observation.

This whole thing is PURE SPECULATION from Bill Simmons.

They're OVER-ESTIMATING
Yao Ming's personal net worth as well as his INFLUENCE/RELATIONSHIP with some of the most wealthy multi-billionaires in China.

Yao Ming did accumulate quite alot of wealth from his investment in real estate properties in Beijing and Shanghai, but he also lost alot in other areas of his investment.


Yao Ming is the POOREST CBA team owner when compared to others, and his connections/networking seemed to be MOSTLY confined to the sports/basketball circles, Shanghai municipal government, or with organizations/enterprises in relations to his humanitarian/philanthropist work.

IT COULD BE JUST SOME WISHFUL THINKING ON BILL SIMMONS' PART.


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PostPosted: Fri May 23, 2014 5:26 pm
User avatarPosts: 15529Joined: Fri Nov 14, 2003 1:31 pm
Simmons also brought up Yao to suggest that if you thought Racist old white Jew is bad. What if we replaced him with Red China!

Be careful what you wish for.


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PostPosted: Fri May 23, 2014 9:26 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am

ORLY ??? :shock: :shock: :shock:


Image

All of a sudden, Yao Ming craved hungrily to become the owner of a NBA team !!! :P :lol: :D

Marc Stein of BSPN disclosed that previously Yao Ming and his Chinese financial consortium also wanted to acquire Milwaukee Bucks.

And now LA Clippers !!!


Quote:

http://espn.go.com/los-angeles/nba/stor ... s-clippers

Grant Hill, Yao Ming want Clippers

May 23, 2014

By Marc Stein | ESPN.com


The Los Angeles Clippers are not yet for sale, but two former NBA All-Stars are among the various parties assembling ownership groups to potentially buy the franchise, according to sources with knowledge of the situation.

Once competitors on the court, Grant Hill and Yao Ming now will be among those vying to purchase the Clippers, sources told ESPN.com.

Sources told ESPN.com on Friday that Grant Hill and Yao Ming are working separately to line up investors to lodge bids for the Clippers when the team is ultimately made available.

Donald Sterling has agreed to allow his wife, Shelly, to negotiate a sale of the Clippers, sources with knowledge of the situation told ESPN.com on Friday.

Hill is just completing his first year in retirement after a 19-season career that ended with the Clippers after seven All-Star berths. Sources say Hill has made it known within league circles that he is in the process of putting a consortium together.

Sources say that Yao, meanwhile, also plans to pursue the Clippers hard with a group of Chinese investors. The former Houston Rockets All-Star center owns the Shanghai Sharks in his native country and has maintained close ties to the NBA through the league's various initiatives in Asia.

Yao was seriously interested in purchasing the Bucks, sources say, but dropped out of the bidding when outgoing Milwaukee owner Herb Kohl made keeping the team in that city mandatory for any new owner. The Bucks were ultimately sold to Wesley Edens and Marc Lasry for a purchase price of $550 million.


The number of bidders for the Clippers is expected to stray well into double digits, assuming the league can force the sale of the team, as NBA commissioner Adam Silver continues to believe.

Other notables said to have interest in purchasing the Clippers include: Larry Ellison, who could partner with David Geffen and Oprah Winfrey; former Microsoft CEO Steve Ballmer; Magic Johnson, along with executives at Guggenheim Partners, who teamed up to buy the Dodgers; and billionaire Antony Ressler.

Grantland's Bill Simmons first reported Yao's interest in the Clippers.


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PostPosted: Fri May 23, 2014 11:04 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
Well, it seemed it was NOT JUST WISHFUL THINKING from Bill Simmons and Marc Stein !!!:shock: :shock: :shock:

Yao Ming was at the graduation ceremony of the first class of his NBA Yao School in Beijing this morning.

Image

When asked by reporters about this news of him acquiring LA Clippers,
here is his response:


Quote:

现在媒体上各种流言很多,但是我们没有办法对这些一一做出回应,否则工作就没法做了。无论篮球还是NBA,现在已经愈发呈现出一种国际化的趋势,这也使各种事情都存在可能性,但我到现在为止没有什么实质性可以说的。

There are now alot of rumors flying around in the media; unfortunately we have no way to respond individually to such questions, otherwise, we would not be able to proceed with our work. Nevertheless, regardless of basketball or NBA, there has been this trend of internationalization/globalization and that makes everything a possibility. (Having said that), up till now, I have nothing concrete or substantiative to tell.



Even though Yao Ming is EVER DIPLOMATIC AND TACTFUL in his response to the media, by reading between the lines, it seemed he is DEFINITELY INTO SOMETHING !!! :shock: :shock: :shock:


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PostPosted: Fri May 23, 2014 11:51 pm
Posts: 493Location: Cloud nineJoined: Wed Nov 05, 2003 10:26 pm
Reportedly, the Clippers could fetch as high as $1.5B.

According to some sources, Yao's estimated net worth ranges from $65-150M. He'll need wealthy friends to back him up and uses his NBA connection to bid for the team.


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