Great moment in Mars history! The transfer of the shares of the “yellow” OEM to the Richard Shiao It has been finalized, which means that the new and very promising era of the team begins!
The only thing left to finalize the agreement was today’s (2/7) extraordinary general meeting LET. Mars In Nick Galis Hall. Indeed, thousands of friends of the club were found in Alexandria to celebrate this great moment, singing slogans and lighting tobacco.
The president of the PM, Lefteris Arvanitespoke first and analyzed the details of the investment group’s proposal, and then George Giannopoulosamateur’s lawyer, asked for the vote of members.
‘They will initially invest in the stadium, in infrastructure. Have already made the first recruitment of the Gm. I will not say his name, they will announce it. The shares will be taken by an investment fund. It will be based in Europe, to make the process more easily, to pass the control of the Vocational Committee on Sports.
They will decide what the members of administration. They already have two people, you know them. They will increase share capital, at least € 3.5 million. In December 2025 the last installment of debt repayment will be given »said in detail the Arvanite.
Eventually, the members of the Amateur members unanimously approved the transfer of shares to the Siao Investment Club, in … Pan -rug. Now, the approval of the Professional Sports Committee to finish the typical part of that case, which can be a breakthrough in modern history Mars.
As such, her historical club Thessaloniki It officially enters a new era. The eagerness of the world is great, as the great economic power of this investment organization promises a significant improvement and makes its “emperor” friends dream of returning to … old glory!
Who is Richard Siao
At just 24 years of age, the Richard ShiaoAsian businessman, he is strongly active in the field of sport and technology, already being a rising form in the international investment environment.
Siao is Founder and Head of RHC Groupa fund that has as its primary field of investment in sports and entertainment, based in New York. At the same time, it has created the J17 Capital Inc., a private business capital company founded in a pandemic in 2020 and invests in startup technology and digital companies. Portfolio’s investment includes Overtime, one of the most popular sports platforms in the US.
Although a permanent resident of Toronto, Siao has developed strong ties with Milwaukee and the Bucksbeing firmly present in the team’s home and away games. His relationship with the organization is more personal than professional, as he is linked to the family of former owner Mark Lasri and the sons of Jamie Dinan, the current co -owner of the team.
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In the years that followed the pandemic, Siao became a familiar figure in the Bucks’ circles, reaching the point of being in the team’s locker room in the title festivities in 2021. developed a close friendship with Yannis Antetokounboswhich may have played a role in his decision to look at Greece and Mars.
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In an earlier interview with Milwaukee Journal Sentinel, Siao had spoken openly about his dream of getting involved in the future with a NBA team: “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 had mentioned among other things.
His decision to enter the field of professional basketball through his investment in Mars It is not only irrelevant to this goal. On the contrary, it is part of a process of gaining experiences and familiarity with the operation of a basketball organization before taking the next big step. His choice Marsa … sleeping giant, will work beneficial for him before he may attempt to enter the top and most demanding market for the sport.
Source: Sport Fm
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