OR Mars CAE She seems to be turning a page on her ownership status and passes the hands of just 25 -year -old businessman Richard Hsiao. The majority package of the team’s shares is expected to end up in an investment organization based in the US, which belongs to the family of Asian descent of young and ambitious millionaire.
Negotiations started the previous months and a few days ago ‘Locked up’ the big deal. Richard Hsiao, who is a fan of Milwaukee Bucks and a close friend of the Antetokounbos family, has said in the past that he is interested in investing in basketball, which he watches from a young age. With his own contribution, the Aris OEM is optimistic that in the coming years he will return to the elite of Greek and European basketball.
Richard Hsiao dreams of at some point becoming a NBA team owner. He is not in a hurry, as he has said, he first wants to learn so that no mistakes are made when that time comes. “Right now, because of my age and all these things, this is not the right time. First of all, I don’t have so much experience. I want to know. I want to know everything and maybe in the near future, in five years, 10 years, who knows. Maybe in 20 years. Of course I want to invest in a NBA team because it’s not an investment, but that I love the sport, I love basketball, “he said.
Obviously his decision to invest in Mars is also related to it. With the fact that he wants to gain experience and later extend to a much larger market than Greek. No further information has been announced on the financial terms of the agreement.
The first mission of the company’s financial data essentially paved the way for further procedures, including the audit of the chartered accountants. Reports indicate that last Tuesday night and after completing the check, the final contact was made between the parties involved and today (27/6) the deal was ratified.
Richard Hsiao is not just a fan of Milwaukee Bucks but Yannis Antetokounbos’ superfan with whom they are also associated with a close friendship relationship, as well as the NBA super star family. That is why he has also bought one of the most expensive positions in the Fiserv Forum and at the same time follows the team in the away games.
It usually sits next to the Bucks’ owner, Wells Endens. Indeed, the physiognomy of his commitment to the Bucks had aroused the interest of the Milwaukee Journal Sentinel in which he had even interviewed. “I’m an ordinary person. Many have the curiosity to learn about me but I am nothing more than a fan of the sport »he has said among other things.
The businesses of the 25 -year -old businessman
Richard Hesia is the founder and chief executive of the RHC Group, a New York -based sports company consisting of RHC Investments Holdings and RHC Initiatic, the company’s charity arm.
Hesia is also the founder of the J17 Capital, Inc., a business capital company whose portfolio includes investments in early stage consumer technology and SAAS companies for businesses, in addition to top capital such as 8VC and Spark Capital.
“The reason we set up this fund was because of the change in life of everyone during Covid 19. I discussed with my family and decided to invest in talent people. We are investing in high technology, business and consumer technology, market and cryptocurrencies and bnockchain, ”he said earlier.