As our own Marc Stein reported yesterday, the Texas Legends announced Tuesday that Sonny Xiao will be a minority owner of the Texas Legends of the D-League, making him the first Chinese-born owner of an NBA-affiliated team.
Xiao joins Donnie Nelson and Evan Wyly as co-owners of the NBA Development League expansion team, which begins play this coming season
“Donnie and Del [Harris] have been friends for years,” Xiao said in a statement. “When Donnie approached me with the ownership opportunity I was extremely excited.
"North Texas and China have historically been strong commercial partners. We all know relationships are everything in sports and in business. I’m excited about taking that relationship to the next level.”