Live broadcast on March 1st News Xinjiang men’s basketball last night issued a document saying that he would withdraw from this season and withdraw from the CBA alliance. The article denounced that the Chinese Basketball Association’s “separation of management office” was a realistic obstacle hindering the healthy development of China’s basketball industry, and named Yao Ming, chairman of China Basketball Association.
Xinjiang men’s basketball highlighted that the management of the Basketball Association is now mixed with that of the CBA league. Some intermediate businesses are highly concentrated, such as coach qualification training, broker qualification identification, youth basketball events, and title sponsor business, all of which are undertaken by a sports management company.
According to the report of China Newsweek, they confirmed to many times in the industry that the company was named Zhong Hui sports and was founded in 2004. Yao Ming himself was the founder, because the company’s earliest business involved was to serve Yao Ming in the NBA in the United States.
Since then, Yao Ming retired and returned to China as the chairman of the Chinese Basketball Association and resigned from the post of chairman of Zhonghui sports. Currently, the chairman of Zhonghui sports is held by Lu Hao, Yao Ming’s agent, and the company continues to be responsible for the business related to the Basketball Association.
China Newsweek commented on this: “In short, Zhong Hui sports has obtained the agency business related to CBA Company and China Basketball Association. Does this practice follow the bidding process and whether it meets the relevant regulations, is it suspected of ‘benefit transfer’ and ‘corruption ‘? Before the relevant departments involved in the investigation, they only stayed in the rumor stage and did not make a clear statement.”
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Xinjiang men’s basketball and Zhou Qi’s entanglement