First statement by Hsiao about Aris BC: “Enthusiasm, honor and gratitude”

The investment organization RHC Group, which belongs to the family of 24-year-old businessman Richard Xiao, is the new owner of Aris, investing in the Thessaloniki team that is making a historic change.

The first official statement by Xiao, a potential investor in the basketball team of Aris, was published in the Athenian Macedonian News Agency, after the company RHC Group clarified that the negotiations are ongoing and for this reason there will be no other official statement.

"And that time has come again for KAE Aris, a historic team, with a fan base that is among the most passionate about basketball. Although the entire process has not yet been completed, we feel excited and honored for the prospect of taking the reins of this glorious team. We are deeply grateful to the team's management, sponsors, players and staff, and above all to the incredible fans of Aris, for what they have offered. With respect to A.S. Aris and its members, as well as to all the institutional bodies involved in the process, we will not make any further statements until the transaction is completed," he said.