Aris BC: Deal finalized with Richard Hsiao's investment group

Historical change in Aris BC as the agreement with Richard Hsiao's investment organization has been finalized. The completion of the transfer of the majority stake to the U.S.-based investment organization, owned by the family of the 24-year-old businessman, remains.

Aris BC and Richard Hsiao's investment organization signed a binding agreement, marking the beginning of a new era. Formal procedures include approval by the Amateur body and the general assembly, as well as approval by the Professional Sports Committee.

Richard Hsiao is the founder and CEO of RCH Group, a sports and entertainment fund. He also has a close friendship with Giannis Antetokounmpo.