Chapter 682: Buy a team
"Zhuang, shall we stop now? I think with the current situation, we should still have a good income if we continue to follow up."
2003 is a very special year for the United States, not long ago the country just started the war, and not long ago, the country has just ended the war, and for Zhuang Fei, this is also a year that can make his role change, in the past he didn't think that he is now a billionaire, maybe for the former Zhuang Fei, it is enough to have the money that makes him worry-free for a lifetime, but now it is obviously not the case.
Therefore, in Boston, Zhuang Fei's home, Zhuang Fei looked at the agent in front of him who had lost a lot of weight compared to before, Zhuang Fei was also a little emotional, this Zhuang Fei's agent was thrown to the futures market by Zhuang Fei three months ago, and in these three months, Zhuang Fei visually observed that his agent had lost at least two laps, and in fact, for anyone, when he had billions of dollars in his hands every day, and every decision could be related to hundreds of millions of dollars in profit and loss, the pressure on these people was conceivable. However, although the agent's figure looks very thin, his spirit is excellent, and the light that appears in his eyes from time to time makes Zhuang Fei also look sideways, and in the same way, the madness in the futures market in the past three months is enough for him to sublimate, at least internally, this broker is very different from before, so this broker is now extremely addicted to this feeling, even if Zhuang Fei asked him to stop now, he did not plan to withdraw from the futures market so soon.
"No, it's enough now, I think you also know that the benefits are not big now, the pattern of the war has been established, there is not much room for interests, and I have more important things for you to do"
Zhuang Fei looked at the broker who was a little reluctant to give up on the futures market and said that in the past three months, Zhuang Fei's agent has turned Zhuang Fei's more than 600 million money into a terrifying 9.2 billion, and the income far exceeds the 10 times standard expected by Zhuang Fei and Chris, and even the final income has reached 15 times. According to Chris, if it weren't for some missteps in his middle, he even thought he would have been able to increase his returns by 20 times, and if this had made Wall Street financial giants like Goldman Sachs know that they would all have crashed into the wall.
In fact, this year's 'war money' of these big fund consortia was really turned around by Zhuang Fei's agent, of course. The mistake in the mouth of this agent naturally also appeared under the pressure of these consortiums. Just for Zhuang Fei. Although he has not been able to reach more than 20 times the profit, it is enough, and having 9 billion US dollars is basically enough for him to do whatever he wants, but for Chris, it is estimated that he has not been able to turn Zhuang Fei's assets into more than 10 billion, so this agent is not willing to withdraw now.
"Zhuang, you mean that plan, right?" Chris also asked thoughtfully after hearing Zhuang Fei's words, in fact, the reason why Zhuang Fei let him set foot in the futures market was naturally to implement the plan more than a year ago, according to that plan. More than $1.5 billion would be needed to start the start-up, after all, it would cost a lot of money to buy enough land to build a basketball park in one of New York's busiest areas, especially without government support, even the New York Knicks. Their arena is also not their own.
In the United States, no team has ever had its own arena except for the Pistons, who bought a plot of land outside Detroit to build a stadium, and Detroit is notoriously home for some of the lowest land and housing prices in the country.
Because it is too expensive to build a stadium by himself without government support, and the $1.5 billion estimated by Chris is only the minimum price to buy land. The minimum cost is more than $2.5 billion, and if the land is larger, it is estimated that it will cost more than $3 billion just to build a basketball park, you know, ten years ago, Canadian businessman Leichman built the world's most luxurious basketball park in New York, and the initial estimate was $2.5 billion, so the minimum standard set by Zhuang Fei and Chris was $2.5 billion.
If according to Reichman's world's No. 1 standard, then Zhuang Fei needs to come up with more than 3.5 billion US dollars at least now, and if there is no preferential policy from the New York City government, this 3.5 billion is a real Zhuang Fei alone. This is definitely an astronomical amount for Zhuang Fei more than a year ago, but now. But it is already possible to start this plan, so after hearing Zhuang Fei's order, his Chris agent also sighed a little and nodded, this is an extremely vast project, it is impossible to complete it without more than two years, in this case it is impossible for him to stay in the futures market to accompany the US army in Iraq, according to the Chinese in front of him, this time the US army in Iraq will take at least 8 years.
"Yes, this time I think it should be able to start" Zhuang Fei finally nodded with a smile and said, from now on, maybe it will only take 2 or 3 years at the earliest, and this basketball park in New York can be built.
"And what about the standards?" Chris looked at Zhuang Fei and asked again, when he discussed with Zhuang Fei, they were all according to the minimum standard, after all, the minimum standard required 2.5 billion US dollars, and at that time they couldn't even make up the minimum standard, but now it's different.
"Of course it's the highest standard, and I need the best basketball gym in the world." Zhuang Fei said with a smile, he is not afraid that the money will be wasted or cheapened by others, in the United States, the basketball hall and the team are separated, although he cannot own the team's shares, but he can own a basketball hall, and compared with the value of a team, it is obvious that the price of the basketball hall is not known how many times, if according to the current market value of the Celtics 400 million US dollars, only Zhuang Fei's new stadium is 10 times the market value of the Celtics.
"I understand" Chris also nodded after getting Zhuang Fei's answer, Zhuang Fei's answer did not surprise him, the kind of value of Zhuang Fei now must need the highest standard to build.
"By the way, Chris, now when you are building the stadium, you still need to do something" Zhuang Fei just wanted to tell Chris some things again, but before Zhuang Fei finished speaking, Zhuang Fei's agent answered first.
"You mean buying a team, right?" Zhuang Fei's agent asked, and Zhuang Fei also nodded.
Buying a team in the NBA is not something that can be done simply with money, except that the owner of the team agrees to sell the team. You also need to agree to all the other team owners, how can you get other owners to agree? Quite simply, you need to show those owners that you can make more money than your previous owners when you buy a team, and a large part of the NBA's revenue is shared among the 29 teams, in this case, if a team has a low income. Then it will be a drag. It will also make the income of other teams also decline, so for most teams, they naturally want all teams to have high returns, so this is a solution to Zhuang Fei's trouble, because Zhuang Fei bought the team and moved to New York, for the league's 29 teams, at least 20 team owners are willing to move their teams to New York, but it is clear that none of them can afford to spend billions of dollars on the construction of new stadiums. And if Zhuang Fei has already built a stadium first, then buys a team that can't make money, and finally moves the team to New York, then these owners will not have any reason to object, if Zhuang Fei just goes to buy the king and then moves the king to Seattle. It is estimated that most owners will object, and Seattle is even worse than Sacramento.
Of course, at present, Zhuang Fei can not buy many teams, because in the NBA most teams are making money, especially in recent years, the NBA's income is almost a geometric multiple of growth, so in 2004 is about to be held in the new collective bargaining agreement, the players' union is ready to increase the proportion of players' wages again, and in fact, in recent years, the NBA's salary space has been surging, and the salary space of each team in the NBA in the new season will reach a terrifying 54 million, This is double the 30 million in the 1998-1999 season. And the bottom line of the luxury tax in the new season has also reached 66 million.
In this case, almost everyone knows that the current NBA team is a money-making machine, which also makes the market value of the NBA team continue to soar, of course, this is only for the average team, and such as the Hornets. Teams like the Raptors and Hawks can't make money, and the Hornets said he used to be in Charlotte, North Carolina, the home of the ACC League in the NCAA league. In the end, even if they moved to New Orleans, but the popularity has been the same for a long time, their owners basically sell the team every year, but the price is too high, no one cares, and in fact, unless the team has enough popularity or has a human balloon star, who would be stupid enough to buy the team at a high price and smash it into their own hands, unless it is some people like Zhuang Fei who want to move the team to a big city, but in the same way, how many people have Zhuang Fei's strength to build a stadium in a big city?
Now in the NBA, there is no team with such good luck as the Clippers to share a arena with the Lakers, of course, the Hornets are embarrassed now, compared to the Hornets the Hawks and Raptors are slightly better, the Raptors can get the worst result this year is because David Stern wants to support the league's worst team, just like the Grizzlies who got Carter in the first place, otherwise how could the Raptors get the top pick? The probability of the league's worst result being the top pick is not high, and the other team, the Hawks and the Raptors, is similar, in the Atlanta All-Star last year, the league is consciously supporting Atalanta, because Atlanta is also in the ACC League, after the Hornets were forced to retreat, this team has now become David Stern's only weapon to attack the ACC League.
So this Hawks was able to get the No. 2 pick to pick James, who has a very high popularity in the United States, although James is not as popular as Anthony now, but the difference is not too big, after all, before 2003, James's popularity was the highest among young players in the United States, and it overshadowed Anthony. Of course, the situation of the Raptors and Hawks is better than that of the Hornets, but there are not many good ones, but at least in the past two years, the owners of these two teams will not want to sell the team, especially the Raptors, if the Raptors really become the second Grizzlies because of Anthony, then they will make a lot of money, in addition to teams like the Raptors and Hawks, another type of team that wants to sell is like the former Boston Celtics or the current Nets, the owners of the Nets don't want to play the NBA now, Everywhere they are peddling their own teams.
So for Zhuang Fei, as long as the arena is built, it will not be too difficult or impossible to buy a team in the NBA. Zhuang Fei's agent Chris naturally knew all this, so he wasn't too worried.
"So in whose name is the team bought?" Chris asked after taking a deep look at Zhuang Fei, and at this time, Zhuang Fei handed over a document he had prepared to his agent.
Zhuang Fei can't own the team now, this is not too much of an obstacle, there are too many ways for him to be flexible, so Chris also directly asked him in whose name he is going to buy the team, this is a kind of flexibility, and the documents that Zhuang Fei handed to Chris are all the information of Zhuang Fei's father.
"I see" Chris also opened the file and looked at it before nodding, now the previous things are in place.
"By the way, Zhuang, now we should be able to leave about 5 billion in addition to the money to build the stadium and buy the team, what do you think we should do with this money?" Zhuang Feide's agent asked again, now he has no time to operate the cash, and now this cash is entrusted to a financial consortium like Goldman Sachs Fund to manage in addition to buying stocks, and he is more supportive of the latter.
"Apple's stock has fallen quite sharply recently, just buy this stock, buy as much as you want" Zhuang Fei directly picked up the newspaper in front of him and pointed to it
After Zhuang Fei solved Chris's problem, the three newcomers signed by the Celtics this year also came to Boston to sign, and the NBA's free market was also opened, and this year's free market can be called the craziest free market in the past 20 years.