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WASHINGTON， June 29 (Xinhua) -- Chinese businessman Jiang Lizhang has
purchased 5 percent stake in the NBA's Minnesota Timberwolves.
Meyer Orbach， chairman of the Orbach Group in New York City， also acquired a
9.5 percent share from Glen Taylor. Control of the team will remain with
Minnesota billionaire Taylor， who bought the team in 1994.
"I am extremely excited to welcome both John (Jiang) and Meyer to the
Timberwolves and Lynx family，" Taylor said in a statement released by the team.
"These gentlemen are not only elite businessmen， but also are extremely high
quality people who our franchises are proud to be associated with moving
forward."
According to Forbes， the Timberwolves are worth 720 million US dollars， 27th
in the 30-team league. The team finished 29-53 this past season， 13th in the
Western Conference.
Jiang， general manager of sports marketing company Shanghai Double-Edged
Sports， also completed the purchase of Spanish soccer club Granada CF earlier
this month.
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The operation started out with the intelligence lead final August, and
culminated in an operation involving a “small crew of Americans”. “After a
firefight they killed bin Laden.”
None from the People in america was killed. Pakistani co-operation “helped to
lead us to him” he mentioned.
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