What semi-pro Chinese sports team did Yao Ming agree to buy?
Yao Ming bought the Shanghai Sharks of the Chinese Basketball Association on Thursday. The announcement came from the Chinese media, which reported the Shanghai Sharks had been in financial trouble until Yao Ming came along. Yao Ming is now a savior of sorts, stepping into the ring to Yao Ming Buys Shanghai Sharks of the Chinese Basketball Association really help out the Shanghai Sharks who he used to play for before he came over to the NBA in America. Operating at a deficit, the Shanghai Sharks were really in trouble of folding, but with Yao Ming deciding to purchase his former franchise, he steps in as an owner showing that he really cares about the future of professional basketball in China. The announcement that Yao Ming bought the Shanghai Sharks came through his investment company, which signed the specifics in an agreement with the club’s three former co-owners, who agreed to sell of their shares in the club to Yao Ming in this deal. This is the city where Yao Ming grew up, and
