Isaac
Years ago
Yao Ming buys the Shanghai Sharks
Houston Rockets center Yao Ming has purchased his financially troubled former club the Shanghai Sharks, Chinese media reported on Thursday.
"I grew up in the city and became a professional player in this team, so I hope I can do something to help," Yao was quoted as saying on Shanghai TV.
The 28-year-old Yao topped the Forbes list of the wealthiest Chinese entertainers with an estimated income of 388 million yuan ($56.81 million) in 2008.Full story
Running the Sharks will cost about 20 million yuan a year, according to the China Business News newspaper.
Cue "Andrew Bogut should buy the Dragons" comments...