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NBA team the first Chinese born small business owners

[Jun 28 2016 GMT]

Minnesota Timberwolves owner Glen - Taylor has sold a minority stake to Buy NBA 2k16 MT a Chinese businessman from JIANG chapter, which also became the NBA's first Chinese minority shareholders. The deal Glenn - Taylor in the future continue to have control over the Timberwolves.

Last year, Glenn - Taylor had planned to sell a 30% stake in the team to Memphis Grizzlies small business owners Steve - Kaplan, the deal will allow Kaplan to become Minnesota's largest shareholder. But this year, the deal could not be reached.

Last week, Glenn - Taylor and Chinese businessmen JIANG chapter a deal. Earlier this month, 35-year-old JIANG chapter just completed an acquisition of the Spanish football team. Earlier, according to Chinese media got the message, JIANG chapter respectively acquired a 5% stake from Minnesota and the Minnesota Lynx WNBA team.

In addition, Glenn - Taylor also sold a minority stake to a New York real estate. Over the past five years, at least twice Taylor is considering selling the Timberwolves, but he subsequently withdrew plans to sell, and to retain the team.

The Taylor will NBA 2k16 Coins sell a minority stake in his firm position in Minnesota. It is reported that the value of $ 1 billion for the Timberwolves. Minnesota is expected to formally announce these investments messages this week.