Wednesday 15 July 2009

Hello ,boss Yaoming

Inquiry: what are you doing from a wound heals time ?
Replied: Buys the team!  

 On July 15, is authorized by Yao Ming, “team of the Yao” the plenary powers operation's investment management company and the Shanghai East Men's basketball team Club's shareholder achieved consistently on the club stockholder's rights transfer item, and has signed the club stockholder's rights transfer frame agreement officially, present Shanghai East men's basketball team general manager opened contends the expression stockholder's rights transfer work already to step out positive one step.

It is learned that the Shanghai team behind the three shareholders have made it clear that all the shares are transferred to Yao Ming, of the shares in the next two months will be waiting for Yao Ming of restructuring from a player to "Yao owner" changes. The end of this month, the framework agreement will be submitted to CBA management center to wait for final approval.

This means that the identity of Yao Ming is completed by the player to the owner of a historic change, for the co-operation, general manager of Shanghai Oriental Basketball contend that the negotiations have been progressing very smoothly, and that this marks a step forward in the East Men's Basketball Team has been a positive first step.

The two sides signed the agreement a "framework agreement" and not a substantive agreement. However, in the course of this collaboration, the three major shareholders have made clear that it is: All shares are transferred to Yao Ming. That is to say he took in after the Shanghai Oriental Basketball Club, will change the previous joint-stock system. Men's Basketball Team for the East is a historic moment.

First of all, the acquisition team must be well aware of the project; Secondly, there should be a good business team. Yao knows basketball, and is trained by CBA players on the domestic basketball has a very good understanding, although not for a very long time to play at home, but his knowledge of basketball still at stake. In addition, from Yao Ming in the NBA's development, Yao's management team's capacity should be affirmed.

Although there is a very good condition, just like football, basketball and many of the unknown interfering factors, even if the acquisition of the Shanghai team, the team can reverse the trend, Yao Ming and his team is also a long way to go.

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