NBA backer king

Chapter 447
The next day, the issue of the Bulls' internal strife was hyped up by the media, and it became known to the world.

In the morning, Magic Johnson accepted an ESPN TV interview at the hotel, saying: "The Bulls' infighting has been reported for several years, but the Bulls have handled it well. They are still the most competitive team in the league. I hope they can handle it well this time.

In this regard, I want to praise the Suns, from the management to the coaching staff to the locker room, they have always been monolithic, so they can always be at the forefront of winning the championship. "

"Irvine, the Suns also have internal strife. Their offensive assistant, Mike D'Antoni, publicly accused Old K of occupying too much tactical position and shots a few days ago. He believes that the team should reduce the tactical position and shots of Old K. He even thinks that the Suns should play fast-paced offense and defense, just like your show time, and play small balls." The reporter reminded.

Magic Johnson laughed and said: "I think the Suns can think about it. The Lakers' show time era was a very popular small ball style, very popular with fans. At that time, we were the league's Rambovan. Playing small balls is very good for the Suns market. It will definitely bring many new fans to the Suns and help expand the market."

"Ervin, but in that case, how will the Suns arrange for Old K?" the reporter asked.

Magic Johnson smiled and said: "Trade, the Suns can use old K to trade an entire team composed of all-stars, so that they can not only maintain the strength of the championship level, but also rely on the influence of multiple all-stars to further expand the market.

And the old K's contract is too big, it's not worth it at all, the Suns can reduce a lot of expenses because of this, haha! "

"The magician is not a good guy!"

……

Lao Wang was eating breakfast with Barkley and a large group of people, and the TV happened to be on the ESPN channel. Hearing Magic Johnson's words, he couldn't laugh or cry.

"Old K, the Lakers don't give up on you." Barkley said with a smile.

"Old K, why don't you just join the Lakers? You and I will join forces and beat Michael to death." Dameng laughed.

Old Wang said disdainfully: "Function your dream, I can press him to death by myself, do I need to share the honor with you?"

"Ha ha……"

Barkley and the glider laughed out loud.

Dameng turned pale with anger, and scolded angrily: "You don't know good people, old K, when your younger brothers grow up, you will be finished. It depends on how you keep them."

"Hey, isn't there going to be a luxury tax in the future, and let the boss use the money to keep people?" Old Wang laughed.

Dameng immediately shook his head and said: "Impossible, Phoenix's economy is mediocre, fans' spending power is only so big, and the football market is not unlimited, do you think that fans' money falls from the sky?
The small sports market is not like the big sports markets like New York and Los Angeles. As long as the big sports market has a good record and stars, can the ticket prices go up by turns?The small ball market does not have enough operating income, who would dare to invest money in it?What's more, you own such a big contract.

Take a look at the Bulls. Jordan’s contract is so big, and the Bulls’ owners support it enough. Chicago’s city size and economic strength are much better than Phoenix. How much luxury tax can the Suns give?The luxury tax can only be played by a big football market, not something that a small football market like yours can afford. If you don’t play well, the team will be in debt and go bankrupt. "

Lao Wang thought for a while, he didn't understand this, but the Suns' ticket sales were far lower than the Knicks and Lakers, let alone the Bulls.

Barkley analyzed: "Mr. Colangelo is building an MLB team, which may also take away part of the Suns' market, but if the Suns can continue to maintain a strong competitiveness, they are not afraid of Cobra stealing its market."

"Forget it, let's not talk about this."

Lao Wang couldn't figure it out either, so he didn't talk about this topic at all.

……

"Robert, have you seen the interview with Magic Johnson, ESPN Channel, I think what he said makes sense. If we buy the Suns, we should do as he said, with a few All-Stars in our hands, the same ball market, and we don't have to carry the big contract of old K."

At this time, a partner called Robert Sarver, and after hearing it, he said disdainfully: "There is a fart reason, using the current No.1 to trade a few ordinary All-Stars, is it crazy?
Don't listen to the magician. He belongs to the Lakers. The Lakers have always wanted to get Old K. How could I be fooled by him?

Besides, can a few ordinary All-Stars maintain the current ball market?Impossible, have you forgotten the influence of old K here? "

……

At this time, Colangelo Sr. was also having breakfast with his family, and the TV was not turned on. He was discussing issues with his son Colangelo Jr. about the team.

"Brian, do you think I should sell the Suns, or only a portion of the equity, or not at all?" he asked.

Little Colangelo thought for a while and said: "Father, it is definitely inappropriate to sell them all. Old K is still in his peak period. During his contract period, the Suns still have the strongest strength to hit the championship. I even expect him to play a dynasty, so I don't recommend you sell all the shares."

Old Colangelo laughed, nodded and said, "That's exactly what I think, and even if I can't win the championship in the next few seasons, I won't consider selling all the shares.

The Suns have two championships in hand, as long as the team maintains a certain degree of competitiveness, our ball market will not collapse, and there is no motivation to sell all the shares. "

Colangelo Jr. continued: "As for whether to sell part of the equity, father, I'm afraid it depends on the size of the funding gap on Cobra's side.

My suggestion is, father, it is best to get a part of the mortgage loan from the bank, even if it is mortgaged with the equity of the Suns and the family's real estate. "

Old Colangelo said: "I have now raised 3500 million US dollars in funds, and there is still a gap of 3000 million US dollars. Even if I sell all the shares of the Suns, it will not solve the problem of funding gaps, so this problem needs to be solved in another way.

Or as you said, we have no other way, I don't want to reduce our equity share in Cobra. "

Little Colangelo is also very helpless. The family's financial resources are limited. These years, the Suns have not made any money at all. In recent years, their operations have improved, but in order to compete for the championship, they have invested a lot, especially the big contract of old K. The team's operations are very difficult.

When their family invested in the Suns, they had a total investment of 4400 million US dollars. However, their family did not have a lot of money on hand, so they gathered a large group of partners, plus they have a total of twenty shareholders. Their family is the largest shareholders, but only 20% of the shares.

And now the venture capital firm estimates the market value of the Suns as high as 8000 million US dollars. This is because the team has an active No. 1 player like Old K, and the operating income is good. Otherwise, a bad team like Philadelphia would be sold for 3000 to [-] million, which is very cheap.

In other words, the current value of their Suns equity is only 1600 million US dollars, and it is not enough to sell them all.

He asked very puzzled: "In this case, father, why did you agree to negotiate with Savor's consortium?"

Old Colangelo laughed and said: "If Robert Savoy's bid is reasonable and can reach my psychological price, I can consider selling part of the equity, such as about 5%. And some relatives also want to cash out for some reason."

"I see."

Colangelo Jr. nodded.

Their family owns 20% of the equity, but some of the shareholders are relatives of their family. These people have a total of 38% of the equity. The reason why his father can control the Suns is because he owns a total of 58% of the voting rights in the equity.

"Father, how much is that part of the relatives want to sell? Will it affect our control of the Suns?" he asked.

"15%, plus I sold up to 5%, a total of 20%. I can still control 38% of the shares. Without absolute control, the Savoy consortium will become the second largest shareholder, but I believe it will not lose control." Old Colangelo said confidently.

"Father, must Cobra retain 51% of the equity? If it is reduced, our financial pressure will be much less." Colangelo Jr. said.

He knew that his father had reserved 51% of the equity in Cobra. According to the current investment amount of 1.3 million US dollars, his family would have to invest 6630 million US dollars. Now they have only raised half of it, and they are still short of half. Selling 5% of the Suns’ equity is still more than 2000 million short, which cannot solve the big problem.

Old Colangelo shook his head and said, "I am very optimistic about Cobra, and I don't want to reduce the share."

When he first invested in the Suns, he did not take much equity because of insufficient financial strength and because of risk sharing.

But now I have experience in investing in Cobra, and the current sports atmosphere in Phoenix is ​​better than before, and the environment for sports investment is better. It is time to take more shares. Unfortunately, the family is still not financially strong enough.

He added: "I still decided to sell 5% of the shares in the Suns, cash out a little, and invest in Cobra."

Having said that, he said with high spirits: "I believe that Cobra's investment prospects will be very good. Old K let me see this. I hope that after the formation of the team, we can recruit some stars to join and achieve results as soon as possible. This way, the market value of the team will rise rapidly, just like the Suns in recent years, and our return on investment will be faster."

Little Colangelo nodded, selling part of the Suns and investing in Cobra, which is not wrong, because in any case, investing in Cobra is equivalent to buying original stocks, which is equivalent to buying bottoms, and the current market value of the Suns is already equivalent to a mountain top. Who can guarantee whether there are higher mountains ahead?So partial cashing out is necessary.

Old Colangelo said: "After the Arizona Cobra is established, it will compete with the Suns and Arizona Cardinals in the sports market of the state. The four major commercial sports leagues are only short of ice hockey. I must build another ice hockey team in my lifetime."

Little Colangelo said worriedly: "Father, Phoenix's spending power is limited, and the football market is not big. Have you considered this?"

Colangelo said with a smile: "The Cardinals are in Tucson, the Suns and Cobras are in Phoenix, and future ice hockey games will be played in other cities, so that the burden can be shared. I believe Arizona's economic capacity can afford four commercial teams.

Moreover, the consumption intentions of fans are not single. Some like basketball, some like ice hockey, some like baseball, and some like football. In fact, we can create a larger comprehensive football market. Don’t just focus on basketball. The pattern should be bigger.Although the Suns' ball market is limited, let's engage in Cobra to tap the consumption potential of fans in disguise.

You have to know that besides sports, people have other kinds of consumption. We can completely transfer people's other consumption to sports, and this is the potential football market. "

"Understood, father." Little Colangelo nodded.

……

"It seems that the Lakers haven't given up on Old K yet."

In Boston, Cardinal Auerbach also happened to see this interview program. After careful consideration, he picked up the phone and made a call.

"Hello, Mr. Auerbach."

"Let's put the news out, I want this news to appear on the front pages of major media as soon as possible, even on the TV media." He said to the person on the other end of the phone.

"OK."

The man on the other end hung up the phone immediately.

……

Lao Wang finished his breakfast and went to the fighting hall with Lei Gong, Huang Sanshi, Barkley, and Cheng Long. There was no training today, and the G2 match was on the 4th. The team arranged training tomorrow, so today they can rest for a day.

They have to teach Dayao and Lao Hu about Dameng and Glider, and they have no time to play. Now their families have taken over and they eat and drink in the martial arts gym every day, so they have to work harder.

After practicing for a while, a few people went back to the living room to take a rest. Dameng half-lyed on the sofa, looked at Lao Wang's villa, and said in distaste, "Old K is so stingy. I have been to Michael's villa. It is called luxury. There are seven or eight garages and more than a dozen bathrooms, which are ten times bigger than Old K's house."

The glider also looked at it, and suddenly got up and walked towards the stairs, saying: "Hakim, we have been here for several days, and we haven't visited much yet. Why don't you visit?"

"The broken house, what's there to see?" Dameng said in disgust, but still got up and went up the stairs.

Dayao and Lao Hu sat without moving, and the latter said, "Dayao, how are you doing?"

"I've got some experience." Dayao said with a smile.

"I also gained a little bit, mainly in terms of experience." Lao Hu laughed.

At this time, Dameng visited a room, opened the door and looked, their eyes widened.

When the glider saw two MVP trophies, one FMVP trophy, two AMVP trophies, two replicated championship trophies, and a total of seven shining trophies placed on the wooden frame, he said with envy: "It turns out that the old K's room of honor."

"it's here?"

Dameng's eyes slid around the seven trophies, and was suddenly attracted by a series of baskets above.

He counted them, and there were eight in total, hanging on the wall like the five Olympic rings, hanging on the entire wall, very eye-catching.

"That bastard!"

Seeing these baskets, he immediately thought that one of them must be his.

The damn old K took away so many baskets, and then engraved their names on them, and finally showed them off as some kind of shit trophy, embarrassing them, he always remembered it.

"Eight baskets? Haha!" The glider also noticed a string of baskets and couldn't help laughing.

"Laugh at the fart!"

Dameng scolded angrily.

For Dameng, an old classmate and buddy, Glider is not angry, he is still very sympathetic. When he was taken away from the basket by old K, he must have been very depressed, right?Thinking of this, he laughed again.

"roll!"

Dameng pushed the glider, then walked to the wall and jumped up, taking down a basket hanging on the wall.

"Patrick Ewing?"

Seeing the name on this side, he cursed: "Damn old K, did he really engrave our name?"

"Haha..." The glider leaned against the door and laughed again.

Glancing back, Dameng took off continuously and took down the upper baskets one by one. When he got the fourth basket, he found his basket.

Sure enough, his name was engraved on it, Hakeem Olajuwon.

This made him so angry that he slammed the basket on the wooden frame with a bang, almost hitting an MVP trophy.

"Be careful, old man, if you smash Old K's trophy, he can kill you." The glider reminded with a smile.

"know."

Dameng said angrily.

He looked at the other baskets, thought for a while, and hung them up again, leaving only his own basket, then turned and walked towards the door.

The grinning glider remained silent, allowing Dameng to take the basket out of Old K's room of honor.

Dameng left the honor room, went directly to his room, and stuffed the basket into the suitcase.

He wasn't afraid that Old K would find out that there were still seven baskets on it. Could it be that Old K had nothing to do to count the baskets all day long?Besides, so what if you find it, this is called returning things to their original owners.

The glider reminded: "Hakeem, there is still a Lakers basket over there, won't you take it back?"

"I wasn't with the Lakers at the time, so what does that basket matter to me?" Dameng shook his head.

"Jordan's basket is also there. If you help him get it, he will be grateful to you." The glider laughed.

Dameng's heart moved, it really is, but let's forget it, there are too few baskets, and it is easy for Old K to find out.

(End of this chapter)