I reported last week about the troubles faced by the Chinese Basketball Association and particularly teams such as the Shanghai Sharks who were close to bankrupcy. Li Qiuping, a member of Team Yao, has revealed Yao Ming’s interest in helping out his old team with an investment of around 20 million RMB (2.9million USD).

The current owners of the Shanghai Sharks, who finished this season 2nd from last, range from a media group to an airport to a sports institute. The team started having major problems when its lead sponsor, Xiyang …

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