Sold!: A Chinese Investor Close to Owning a Piece of the Cavaliers

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CLEVELAND, OH (WOIO) - A Chinese company is taking the final steps to purchase a minority stake in our Cleveland Cavaliers.

A Michigan investement firm is selling its 15 percent interest in the team to Albert Hung, a Chinese investor and businessman.

The sale would give Hung the second largest stake, next to Cavs owner Dan Gilbert.

Once NBA owners approve the deal it could be final by the end of the year.

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