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Cavs Investor Buys Into Chinese Basketball League

As an investor in China's National Basketball League, Huang says he'll introduce cutting-edge management practices adopted from England's Premier League football, the NFL, and other leading overseas competitions.
The new NBL also plans to heavily promote homegrown talent, distinguishing itself from the dominant Chinese Basketball Association, where 19 of the 20 top scorers last year were foreigners
"This is the first time private enterprise has been given the chance to reform a Chinese league," Huang told The Associated Press Tuesday by telephone from Cleveland.
Huang had been relatively unknown outside business circles before becoming the public face of an investment group that last year snapped up 15 percent of LeBron James' Cavaliers.
He has pledged to inject several million dollars per year into a new Chinese youth league, and also partners Chicago-based sports marketer Marc Ganis as China business representative for the New York Yankees.
Basketball is popular in Chinese, especially among young urbanites with growing incomes to spend on tickets and merchandise. Yet while the CBA has produced talent such as Houston Rockets center Yao Ming, the league has yet to truly take off with the domestic audience.
Huang says the timing of his new venture fits with a new government emphasis on broader public participation in sport. Having invested heavily in new venues, local officials are now anxious for fans to fill seats, he says.
Huang's company, QSL Sports, has signed a long-term contract to manage the league together with the CBA.
The NBL began as the semiprofessional lower tier of the 17-team CBA, but was cut loose and became independent after the CBA abolished promoting and demoting teams based on performance.
The NBA has also been an active supporter of Chinese basketball, but a league official said it had not sought a formal relationship with the NBL.
"We have not pursued nor had any discussions about investing in or operating the NBL, but we are supportive of any efforts that further basketball in China," Michael Bass senior vice president for marketing communications said in an e-mail.
Huang says he will reinstate relegation and promotion, grouping the NBL's clubs into an eight-team upper tier, and a 10-team lower one. Each season, the top two teams from the bottom will change places with the bottom two from the top, while the upper tier's four best teams will compete in a playoff for the league title.
Teams will each be limited to two foreign players who must not be more than 6 feet, 6 inches (201 centimeters) tall to prevent them from dominating Chinese competitors. All teams will be required to run youth programs, while players and staff will be required to join community outreach activities to build fan loyalty.
"We don't just want hero players, but we want fans to be loyal to the teams whether they win or lose," Huang said.
The league will operate as a single entity, operating a draft for players and negotiating jointly for broadcast rights. Teams will split most of the broadcast revenues equally.
Huang said he planned to wrap up talks with broadcasters within the next two months, but gave no details. Financial arrangements of the NBL purchase were not disclosed.

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have you any good u.f.o.stories?

i've experiences, especially when 3 of us security guards saw some mad stuff going on the sky over the reebok stadium in bolton england! and whizz round the mast on winter hill... the thing is winter hill mast is 1100 ft tall, hald up with high torsion cables! the little silver sphere flew round through all that lot at such a speed and with such agility... i was witha friend also who witnessed this... on and then it came back and did the same thing virtually in reverse... tell me yours!

I've got one.

Once upon a time, there was a species on an inhabitable planet orbiting a star. The species got smarter and smarter until eventually, they got smart enough to realize they might not be the only species in existence. Unfortunately, the majority of the species wasn't smart enough to know, or didn't care to realize, that since there were no life forms on any of the other planets in their solar system, in order to have seen a ship from a different species, that species must have technology so advanced that they could literally travel for millions of lightyears. Millions of light years translates to millions of years spent on the space ship. Either this other life form had really long life-expectancies, or their ship could dilate time. If either was true, however, the species on the original planet would probably have been in big trouble, considering the alien species was much more technologically advanced than they were and would consider them barbarically primitive. Unfortunately, although neither of these possibilities could ever have occured, the recently sentient species on the original planet had developed a rather large ego, and couldn't admit to being wrong about seeing something strange in the sky. And thus, the UFO was born.

what do you think? do you like the story? it reminds me of someone i know...

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