Although there have been ownership struggles for some time in Cleveland I think it comes as no surprise that an overseas buyer would be interested in a team featuring the sports largest star - LeBron James.  There has been rampant speculation over where James will play following the 2010 season but this action may make it easier to believe that he is staying put.  You would have to imagine that any potential buyer would be less interested in the team without him.

Conversely, this may be an opportunity for majority owner Dan Gilbert to strike while the iron is hot. The Cavs are currently in the Eastern Conference finals and LeBron is still under contract for another year.

If the deal goes through this will be a major shot in the arm for the franchise as well as an interesting development on the international basketball scene.

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