Chapter Seventy-Five: Strike while the Iron Is Hot

After the Clippers' success in beating the Jazz, Min Congda's mood fell into a momentary depression, but he quickly pulled himself together.

He thought about and analyzed it carefully, and thought that although the Clippers' victory was bad, there was still an element of luck.

And the team lineup has come to this point, and there is no way to make any adjustments for the time being, so let's take one step at a time.

It's not that he didn't think about trading or cutting all the players who performed well on the team, and coming to a "first elimination" system, so that his job of playing bad would be much simpler.

Unfortunately, the system does not allow him to do this, the reason is that he must not do transactions and operations that are obviously contrary to common sense.

It's really a dog to put it in a reasonable place.

It doesn't have to be reasonable for people to make NBA trades, is it reasonable for the Grizzlies to send Pau Gasol to the Lakers in exchange for a bunch of broken copper and iron?

How come to me with this kind of restriction, that kind of restriction, and so many rules for putting it on a bad, what is the purpose of this system?

But think about it carefully, what is the purpose of the management system, anyway, people really gave 2,000 yuan for losing a game, and it also allowed Min Congda to enjoy the beauty of the working class, and he endured it for the time being.

Since there are no changes to the lineup, it is necessary to make a fuss about the team's management and expenses, so he asked Ida what he thinks of the team.

On weekdays, Min Congda doesn't care much about the team's affairs, and he tosses with Rosser and Olsie, but it doesn't mean that Min Congda doesn't know anything.

Ida is Min Congda's eyes and ears.

As a company, the Clippers are not small or big.

Ada is both Min Congda's personal assistant and a member of the team's media department, which has always been the most well-informed.

Hearing from Ida that Rosser was complaining about ticket revenue and team expenses, Min Congda thought that his spending 10 million to make a documentary was indeed a very successful operation.

10 million of the working capital is occupied, the income is beyond the means, the tickets are not easy to sell, and the team's operation will definitely have problems.

The daily expenses of an NBA team are very high, such as players going out to play away games, chartering flights, staying in hotels, all of which cost money.

With 15 players and a variety of staff, the number of people in an away team can reach more than 40 people, and it costs money to eat, drink, live and travel.

Min Congda has seen the financial report, the Clippers spent more than $3 million on away air tickets and accommodation last season, and this spending may increase further this year, because the price of air tickets and hotels is rising.

Now Rosser only has 5 million working capital as a backup, which has to meet various expenses, such as undertaking some business activities, reimbursement of marketing expenses, equipment procurement, etc., and life can be said to be very tight.

Although Sterling, the boss, is obedient to Min Congda, he is still scheming in spending, and among the many NBA tycoons, Sterling is relatively poor.

Affected by the financial crisis in the past two years, the financial situation of each family is not very good, and the weak team like the Clippers is like a candle in the wind, which is like some teams with deep pockets, such as the Portland Trail Blazers, who have hundreds of millions of dollars of funds lying on their books at every turn.

Rosser can save money, and it is already remarkable to deduct 15 million liquidity after a bad season, who knew that he would meet Min Congda, an unlucky manager.

He cut 10 million for him first, and now seeing that the Clippers are winning, Min Congda didn't get 2,000 yuan, and he is about to take the remaining 5 million to make the team's funds worse.

This kind of operation Min Congda has seen a lot in banks in the past, but it is not the bank that operates like this, it is those customers who borrow money from the bank.

Some customers in the manufacturing industry try their best to get loans, not to expand production or engage in research and development, but to acquire land to build houses, engage in real estate development, engage in catering, engage in entertainment, and make movies.

What comes to the money is more, what is the money is done quickly, that is, not to do their own work.

When the real estate industry is booming, it can make a quick profit, so that executives and employees can live a good life for a period of time.

In a few years, the real estate industry will decline, the country will rectify the chaos in the entertainment industry, and the capital chain of various projects will be broken, and the life of these companies will not be easy.

Smaller enterprises go bankrupt, the boss runs away, and the larger places will come forward and let the banks take care of the bank, clean up the non-performing assets, convert debts into equity, or continue to take out loans to continue their lives.

In short, the end result is not bad.

How can Min Congda not apply this valuable experience to the Clippers' mess?

Although the filming of the documentary consumes a large part of the working capital, judging from the progress of Jordan Peele's shooting, it is estimated that this money will be spent slowly, and it will be difficult to generate more negative returns.

After all, Jordan Peel is filming a basketball documentary, not James Cameron's filming of the Titanic, it will overspend, otherwise Min Congda can get another one or two hundred million.

The special effects blockbuster Min Congda can't be filmed, the stadium can't be built for the time being, and other industries related to basketball are only peripheral consumption.

The peripheral consumption is mainly football jerseys, football cards, sneakers, and even playing cards, which are some small items.

This kind of east-west alliance will be managed in a unified way, and each team can get benefits, but it is difficult to intervene in a specific way, and this kind of consumer goods can't swallow up too much money in a short period of time, they are all high value-added things, and the cost is not worth a few dollars.

If you do it, you may still make money, but Min Congda doesn't want to do a money-making business.

Ida watched Min Congda sit there and meditate, and the food on the table didn't move much, thinking to herself that Mr. Smart was really dedicated.

When the team won, he was not complacent at all, but forgot to sleep and eat for the team's business problems, and didn't eat dinner.

Min Congda wants to eat, this Curry has a three-point kill, can he eat?

"Mr. Smart, if there is any problem, think about it tomorrow, you better eat first, don't just drink." Ida kindly reminded Min Congda.

Min Congda looked at the food on the table, suddenly thought of something, and asked, "Ada, do you think the food at the Stamp Center is delicious?" ”

Meals at the Stamp Center?

As a commercial and entertainment hub, Stamps certainly has restaurants, and quite a few.

However, there are no high-end meals, mainly fast food such as fries, burgers, sandwiches, and popcorn to satisfy the appetite of fans, music fans, and boxing fans, so that everyone will not go hungry when enjoying the game and concert.

"Hmm...... There is a lot of food there, but the taste is average, and it is a bit expensive. ”

Min Congda drank the beer in the cup and said, "Okay! Our next goal is to open a restaurant in the Staples Center that will satisfy all fans, so that every fan who comes to the Clippers to watch the game can feel like home! What do you think of this idea, Ada? ”

Ida was stunned for a moment, she was going to make a documentary before, and now she is going to open a restaurant? What exactly does Mr. Smart want to do? Is he still the general manager of the basketball team?

"But... But the company's financial situation may not support such a project, right? Maybe I'll need a loan..."

"Loans? Loan good! Doing things for the team with the bank's money is perfect, perfect! ”

Min Congda thinks that his idea is too great, catering is a time-consuming, laborious and expensive business, and it belongs to the Red Sea industry in any country, which will always exist, but it will always be difficult to make money.

When I first worked in the bank, many of my small customers were engaged in catering, not to mention the small size, the input cost is not low, the rent is the largest, the yield is relatively low, and the requirements for cash flow are relatively high.

With the current financial situation of the Clippers, it is unrealistic to engage in infrastructure, and it is still very suitable for small and medium-sized businesses such as catering.

Find a cooperative bank to borrow millions and open a store in Stamps, where the competition is very fierce, and when the time comes, the business is not good, the loss goes out of business, and this small debt of millions may become the last straw that breaks the camel's back!

"Ada, I'll dictate, you can help me write a project draft later, a plan for catering investment, and I'll discuss and approve it at the management meeting tomorrow!"

Just do it, this is Min Congda's style, take advantage of the hot ideas, and hurry up to strike iron.