Yao Ming buys Shanghai Sharks

Yao Ming back in action for China We guess even if Yao Ming's foot takes him away from playing the game, it doesn't mean he's out of basketball. The superstar athlete is becoming the new boss of his former team, the Shanghai Sharks. In what China Daily calls the highest profile deal in Chinese Basketball Association history, Yao Ming signed an agreement with all three of Shanghai Shark's current shareholders to buy their stakes. The 2.26m center said he is willing to “pay back his home team and Shanghai where he started his basketball career” and will “help Shanghai return to glory.” The last CBA championship the Sharks won was in the 2001-02 season with the help of Yao. Since he's left, the team's fallen into dire straits, placing second last most recently.

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