Former NBA star Yao Ming: All's possible in LA Clippers bid
Updated: 2014-05-27 04:54
Retired basketball star Yao Ming said "anything is possible" amid speculation that the former Houston Rockets center is putting together a bid for the Los Angeles Clippers with Chinese investors.
Yao, who owns the Shanghai Sharks basketball team in China, is assembling a group to buy the Clippers franchise, sports channel ESPN reported on its website, citing unidentified sources.
The National Basketball Association told owner Donald Sterling last week that it intends to force a sale in the wake of racist comments that got him banned from the league for life.
The NBA's Board of Governors has scheduled a June 3 hearing on whether to force billionaire Sterling, 80, to sell the team after a recording of him telling a female friend not to bring black people to Clippers games was made public on TMZ.com.
Sterling has agreed to let his wife, Shelly, oversee a sale of the team he bought in 1981 for about $12 million, Bloomberg News reported on Friday, citing two people with direct knowledge of their decision. She is seeking more than $1 billion for the team.
A number of suitors have expressed interest in buying what has been Los Angeles's second-tier basketball team behind the Lakers. The possible buyers include music executive David Geffen, whose group of bidders includes Oracle Corp Chief Executive Officer Larry Ellison and mega TV star Oprah Winfrey.
Other interested parties include Irving Azoff, former chairman of concert promoter Live Nation Entertainment Inc, and basketball hall of famer Earvin "Magic" Johnson Jr.
Shanghai-born Yao retired from the NBA in July 2011 after eight seasons with the Rockets because of foot and ankle injuries. He formed a partnership with the NBA in China in 2012 to develop youth programs and increase participation in the sport in the world's most-populous country.
"China is just basketball crazy," David Shoemaker, the chief executive officer of the NBA in China, said in an interview with Bloomberg Television on Sunday in Beijing. The 70 million NBA fans and followers of social media in China have "a voracious appetite to consume everything about the NBA whether it's to buy jerseys or to get emoticons for their smartphones," he said.
The association started building a 12,000-square-meter NBA center on the outskirts of Beijing this year. "We're trying to bring all of that excitement that NBA has to offer into a brick-and-mortar establishment," Shoemaker said.
Nowadays, sports are globalized, and anything is possible, but so far, there is nothing substantial."