Ridiculous Upside: An SB Nation Community

Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
Around SBN: MLB Playoffs: Who Should You Root For?

Chinese Businessman To Co-Own Texas Legends

The Texas Legends, this season's newest expansion team in the NBA Development League,  aren't averse to being a bit innovative - I mean, just look at the scouting skills of J.R. Slagendorff.  You could also add the hiring of Nancy Lieberman to the "innovative list" as well as now being the first multi-nationally owned team in the D-League.

D-League sources told ESPN.com that the Frisco-based Texas Legends - who already employ Nancy Lieberman as the first-ever female head coach of a team under the NBA's umbrella -- will announce Tuesday that Chinese sports entrepreneur Sonny Xiao is joining the franchise as a co-owner.

Sources said that Xiao - who will team with Mavs president Donnie Nelson and local businessman Evan Wyly in the Legends' ownership group - has been approved by the NBA and will thus become the first Chinese-born owner of an NBA-affiliated team.

Xiao, who completed a portion of his education at SMU and is a co-founder of RXtreme Sports Consulting in China, can still claim that distinction because a signed agreement in 2009 that would have transferred a 15-percent stake in the Cleveland Cavaliers to a group of Chinese investors fell through and was never executed.

I honestly can't wait to see what else the Legends do this season - and that's a good thing for the marketing of the D-League.

Oh, also, fun fact time (Courtesy ESPN Dallas):

The Mavericks, thanks largely to Nelson, have had strong ties to China for more than a decade, dating to the selection of Wang Zhizhi with the 36th overall pick in the 1999 draft.

     Comment 0 comments  |  Add comment  |  0 recs  | 

Do you like this story?

Comments

Display:


User Tools

Welcome to Ridiculous Upside, your first stop for NBA prospect info! RU - Where Potential Is Way Cooler Than Reality!

FanPosts

Community blog posts and discussion.

Recent FanPosts

Prosser_small
2011 NBA Draft Big Board: Way Too Early Edition
Prosser_small
What is the D-League's biggest problem?
Question for RU about Warriors
John6_small
A summer league question:

+ New FanPost All FanPosts >

In Association With

Latest Y! Sports Blogs from Yahoo! Sports

  • Thanks to cap crunch, Devils opt for 11 forwards to start season
  • Kansas RB has leg amputated after compound fracture in game
  • ALDS Game 1: Lee and lineup lasso 5-1 win for Rangers
  • Maria Sharapova's lost year
  • Sun Mountain is 'very sorry' for their rainsuits' performance

SBNation.com Recent Stories

+2 updates

Say It Ain't So, Lacedarius! Baylor All-American Suspended Following Arrest

+1 updates

Louisville's Gorgui Dieng Declared Ineligible By NCAA

Big 12 Basketball Preseason Polls Are Out With Kansas State The Favorite

More from SBNation.com >


Co-Grand Poobahs

Ru_small Scott Schroeder

B-king_front_small Jon L

To Be Determined Draft Bros

Michael Levin

fetch9

Best Ever D-League Blogger

Cimg0200_small Mike Gansey