Richard Xiao: New Owner of Aris BC

Richard Xiao, a 24-year-old businessman, is expected to become the new owner of Aris BC. Xiao is the founder and head of RHC Group, a New York-based fund active in sports and entertainment.

He also founded J17 Capital Inc., a venture capital firm investing in technology startups. His portfolio includes Overtime, a popular sports platform in the USA.

Xiao has strong ties to the Milwaukee Bucks and Giannis Antetokounmpo, which may have played a role in his decision to invest in Greece and Aris.