The Clippers recently conducted a financial audit in the offseason, and the accounting firm issued a financial report.

According to the report, the Clippers are in good financial condition, turning a profit in the 2009-2010 season, making a profit of more than $5 million!

The market value has risen by 60 million to 360 million yuan.

It's no wonder that Rosser was very excited to call Min Congda after the financial report came out, saying that he wanted to report good news.

Hearing the word "good news", Min Congda's head was about to explode, and then he looked at the financial report sent from the mailbox:

$5 million in profit!

A profit of $5 million is not a lot for a team that has been worth more than $300 million all the time.

But the current background of the US economy is a depression, and the total losses of NBA teams last year reached a huge 400 million US dollars.

It is equivalent to an average loss of 13 million per team, and in this case, it is very remarkable that the Clippers can buck the market and win a profit of $5 million.

And the Clippers are not only profitable, but also made the playoffs, which is a big positive for the team's valuation.

Because excellent players are the team's best assets, the guarantee of selling tickets and increasing ratings in the future.

Coupled with the fact that the entire NBA gradually repaired their losses, the market value of the Clippers rose and increased by as much as 60 million.

The $5 million also served as a valuation, proving to the capital markets that the Clippers are profitable and a bellwether.

Although at the end of the season, when the system carried out market value dividend settlement, Min Congda already knew that the market value of the Clippers had increased by 60 million.

But when he really saw the financial report, Min Congda still felt hurt.

Min Congda took stock of the investments he made last season:

The documentary "Basketball and Base", with an investment of 10 million, the current actual income is 30 million, as well as invisible goodwill and traffic bonuses, and it is not known what kind of benefits it will bring in the future.

Fiasco.

The "Red Head Boots" restaurant attracted investment from Anschutz, and the $500,000 loan was fully settled.

Not only that, but the bank also added a $20 million working capital line to the Clippers, which can be loaned at any time.

Now Red Head Boots has become the star restaurant of Stamps, and the revenue is non-stop because there are too many games in Stamps.

Fiasco.

According to Fan Chen's report, the youth basketball tournament in Shanghai has been organized in August.

However, at present, I have not found any talented basketball teenagers, let alone entering the NBA, the CBA is enough to choke.

Cash flow shredder for the next five years, but the plan was implemented late and has not yet entered the loss stage.

Persistence is required.

The "Four Libraries Plan" is not an investment project, because there is no capital cost, and it all depends on Min Congda's mouth.

The core purpose is to use NBA-Batman to hit the goodwill of the Clippers, but the effect is mediocre so far.

And the private messages that the backstage wants to advertise and cooperate every day are about to explode.

Min Congda felt a pain in his head when he looked at it.

Still, he insisted on renewing as one of life's great pleasures.

No failure, no success.

"Afang Palace Plan", a long-term investment, is the second ultimate weapon of the Clippers' destruction plan.

Everything is still in the imagination, and based on several exchanges with Anschutz, he believes that if he wants to build a new arena, he should consider buying the Great Western Forum arena first.

Because of the entire Los Angeles area, the Great Western Forum neighborhood is the most suitable place to build a new arena.

It can complement the Great Western Forum and become the new sports and entertainment center of Los Angeles in the future.

For this idea, Min Congda is actively promoting, but it will not be possible for a while.

Because you want to buy it, people are not willing to sell it, and buying a stadium depends on the timing.

In the bud, Min Congda's hope lies.

These plans are either currently being implemented and are not effective.

Either it's already a fiasco, and Min Congda can't end them yet

It is said that it is not easy to make money by investing, why does Min Congda think that it is not easy to invest in losers?

In addition to the investment, Min Congda increased the team's ticket price, and as a result, the box office revenue last season was very good.

This season hasn't even started yet, and season ticket renewals have reached 120%, surpassing last season.

That is, the season has not yet started, and the Clippers have already got tens of millions of liquidity!

This makes Min Congda very desperate, do you want to raise the wages of Clippers employees again?

No, the same trick system is no longer allowed, and you keep adding it so much that it is obviously not in line with the laws of the market.

In the summer league to give players better hotels and better transportation?

No, you can't spend much money at all, and the cost of tens or hundreds of thousands of dollars is not enough in front of tens of millions of dollars.

Seeing that there will be more and more income, and less and less places to spend money.

Either you can't spend it, or you can't spend it at the moment, or you can spend it and get it back more.

Min Congda was in a hurry at home, and he was not in the mood to cook, so he ordered takeout every day.

The profit of 5 million US dollars is really eye-catching, 5 million crickets, can't you defeat it?

The Clippers are currently in an awkward period when it comes to spending money, as the biggest expense for the team is actually the luxury tax.

For example, the Cleveland Cavaliers, with LeBron James, a ticket-selling artifact, still lost money last season.

It's not that they don't earn high enough, but they spend too much on their players' wages and pay too much luxury tax.

Over the past four years, the Cavaliers have paid $71 million in luxury tax to build a championship-winning roster for James.

The average annual tax payment alone is close to 20 million, and the little money that is made is used to pay taxes, so how can there be any left.

The Clippers are different, and they were in a very healthy salary position last season.

This season, Min Congda's two big contracts have been smashed down, and the space has been locked.

In the future, players such as Curry, Harden, and Gasol Jr. will face contract extensions, and they will definitely be over-capped signings.

At that time, it is ironclad that the team's total salary exceeds the luxury tax line, and the luxury tax will be paid to the league.

For every dollar exceeded, a dollar tax is paid.

In the 2002-2003 season, when the luxury tax rules were first implemented, the Portland Trail Blazers paid $52 million in luxury tax!

That year's salary cap was only $47 million, and it can only be said that the Trail Blazers boss was really rich and capricious.

When the Clippers' various contract extensions come, Min Congda will definitely make the Clippers' luxury tax explode!

At that time, Min Congda did not believe that the Clippers would not lose money and would not go bankrupt.

The problem is that, judging from Curry's contract extension, it will be two years before 2012.

In the past two years, Min Congda can't just do nothing, right?

This $5 million is so eye-catching, what should I do to give it to Huo Huo?

While Min Congda was meditating, the alliance office called him.

They informed Min that he had been selected by the judges to win this year's James Walt Kennedy Citizenship Award.

Let him go to New York to receive the award!

Min Congda almost forgot about this stubble, he only remembered the donation of 50,000 US dollars that made his heart ache!

He was scared and hurriedly called David Stern: "I'm just going to claim the award, right?" Do you want to donate? ”

Stern said, "Just to receive the award." The Foundation is already up and running, and if you want to donate, we won't stop you. ”

No, I don't want to, I'd better support the development of Chinese youth and children's basketball.

Now that the headquarters has sent out an invitation, Min Congda, who has been thinking about investment at home, can only go downstairs and walk around.

On a whim, he asked the system, "Can I donate the team's five million profits to the African Children's Basketball Development Foundation?" ”

[No, you can't.] 】

"I'm Gan Li Liang! There is no love at all in this system. ”

(End of chapter)