"The current market value of the New York Knicks is between $4 billion and $4.5 billion!"

"The market value of the Los Angeles Lakers has declined recently, but it costs at least 3.1 to 3.5 billion US dollars!"

"In addition to the Los Angeles Lakers and the Knicks, the Golden State Warriors are also of great value. If you want to get the Warriors, you will have to pay at least $4 billion!"

New York.

Upper East Side.

In the newly established Red Giant Company, Zhang Xianglin faced Abel, holding a document in his hand, and was reporting softly.

Abel sat in the president's office and listened to his words motionlessly.

This is the price of the three NBA basketball teams with the highest market value found in the Red Giant Securities Company on Wall Street, the Los Angeles Lakers, the Knicks and the Golden State Warriors.

In this price.

Apart from the value of the basketball team itself, their market is not taken into account. Needless to say, the Los Angeles Lakers, the Purple and Gold Army has always been a giant in the NBA league.

In addition to their tradition of winning championships, this is also due to Los Angeles' economic rise in the past 30 years. It is precisely because Los Angeles has become the second largest city in the United States that the Los Angeles Lakers have the second highest market in the country.

The highest-ranking football market...

Needless to say, of course, it is the first city in the federal government, New York. Because of this, even though the New York Knicks have always played very badly. In the past 20 years, it has even become a bottom-sized team, but it still does not prevent the Knicks from making a lot of money and making the most enjoyable.

no way.

Who told the Knicks to be with New York? With the big city of New York, even if only 1% of people like the Knicks, the Knicks can still live a very comfortable life.

Moreover, team advertisements in big cities are more valuable.

As for the Golden State Warriors that have risen in recent years, although they are not in New York or Los Angeles, their economy in the San Francisco area and the Bay Area's economy have risen in the past 20 years.

The Warriors took advantage of this east wind.

A small team from a small place is gradually forming a new wealthy family.

At present.

In the entire NBA league, the market, team value, economic value, etc. of this business team are definitely the top three among major teams.

Because of this.

After experiencing the NBA game last night, Abel's real heart had the idea of ​​buying an NBA league team.

That's why he asked Zhang Xianglin to check out what are the most valuable teams in the NBA now.

This is why Zhang Xianglin's report above came.

I watched my boss look at meditating without saying anything.

Zhang Xianglin couldn't help but continue to suggest: "BOSS! Although these three teams are currently among the top three with the highest value in the entire league! But from the perspective of investment, I personally think it's not worth it."

"oh?"

Abel refused to say anything.

“Tell me your advice.”

Zhang Xianglin suddenly felt energetic.

"Boss. Let's first talk about the teams in the city where we are now, the New York Knicks. As we all know, the Knicks have always been the bottom of the league. They have won several No. 1 picks, but they still have the largest football market in the entire federal market, but their results are not worthy at all!"

"If they weren't in New York, they would have gone bankrupt for a long time, I don't know how many times! And James Dolan is very greedy."

"As far as I know, at least three times in the past 10 years, someone has been interested in the New York Knicks and has made offers for the Knicks. But all of them have been dismissed because James Dolan's asking price is too high!"

"If you want to win the New York Knicks, there is no more than 5 billion US dollars. I believe James Dolan will not be willing to let go! 5 billion US dollars, this can already win any team in the entire NBA league!"

"In terms of the profit of the New York Knicks last year, it was $189 million! The cost of this $5 billion is not considered. It will take at least 30 years to recover the cost!"

Faced with Zhang Xianglin's persuasion, Abel nodded.

Although the NBA seems to be glorious, this kind of business is actually not that easy to do. Among the 30 NBA teams, there are definitely no more than 15 teams who can make profits by relying on themselves, and the balance between income and expenditure is definitely not even.

The main source of economics for the remaining teams is almost mostly due to the relief of the NBA league itself.

Those who can do a good job in profitability are the NBA teams in the league that are in big cities.

For example, the New York Knicks are in New York, the Los Angeles Lakers are in Los Angeles, and the Golden State Warriors are backed by the Bay Area, which is a high-tech Golden State Warriors.

The only ones who do remote Bucks and the like, probably the Spurs are the best ones.

Only the Spurs can be a true boss in a small football market and cultivate stars by themselves, and they can become one of the giants in the NBA business league.

This is very difficult.

But although the Spurs seem to be one of the giants in the NBA league, they are not worth anything at all. To $1 billion to $2 billion, they can win this great team with brilliant results in the history of the NBA league.

A New York Knicks that look very rubbish can buy two to three or more of such Spurs.

So we can't just look at their achievements. If we want to do business, the most important thing we need to consider is whether we can make money.

Obviously.

According to Zhang Xianglin's understanding, what's wrong with losing this 5 billion US dollars? If you throw it into a team like the New York Knicks, which has excellent profitability even in the league, the annual income of this 5 billion US dollars is still not as good as investments that are lost in other aspects.

If it is assumed that the annual profit of the New York Knicks can only be around US$189 million to US$220 million.

Then the 5 billion US dollars will be thrown into the New York Knicks, the most profitable team in the NBA league.

Its annualized income is even only between 3.5% and 4.5%.

It’s better to use this money to buy treasury bonds! The annualized returns of 30-year treasury bonds are all above 5.5%!

Zhang Xianglin is based on this consideration.

Actually, Abel also knows this.

He said without comment: "It's great... Let's talk about the Los Angeles Lakers or the Golden State Warriors."

Zhang Xianglin thought the boss was moved by him, so he quickly continued to persuade: "BOSS! The Los Angeles Lakers and Golden State Warriors are the same! The market value of these two teams is not as high as that of the New York Knicks."

"The Los Angeles Lakers probably only need between $3 billion and $4 billion now."

"The Golden State Warriors are probably the same price, and they are even cheaper."

"But relatively speaking, their profitability is also a bit worse than that of the New York Knicks!"

"If you throw this money on them, the annualized income will definitely not exceed 6%!"

"We throw this money in other places! With your boss, your ability, the profit is hundreds, thousands or even tens of times more than those thrown on these teams!"

Zhang Xianglin's statement is actually understandable. The NBA seems to be very profitable. But if you compare it with whom, it is not considered a No. 1 city team like the New York Knicks with a slightly inflated market value.

Among other major teams, the one with the highest profitability level is calculated based on their market value. At most, it is about 6%. The annualized return of 6% per year looks very good.

After all, among the world's major powers, the annual GDP growth rate exceeds 6%, which is only one or two.

GDP is actually similar to these annualized returns. Annualized returns of about 6% are a very profitable and stable business for others.

But for Abel.

From Zhang Xianglin's perspective, this is too unprofitable. He has long been used to his boss' ability to make money easily, double, 4 times or even more than 10 times.

Have such ability.

This money is used to invest in other industries, even if it is not gambling like foreign exchange or stock markets.

Invest in other profitable careers, such as the Internet business.

Just selling stocks money is a variety of fancy sports events.

But Zhang Xianglin didn't consider it. From Abel's perspective... having one or more of his own NBA teams, the saying of using Blizzard's father to teach others to play games is: This is very, very cooooooooooooooooooooooooooooooooooooooooo!

Therefore, Zhang Xianglin received the reply:

"Okay. Let's stop persuading. Zhang!"

He first said in English.

Then he issued an order in the Chinese dialect, which Zhang Xianglin is familiar with:

"Contact Jenny Buss! Make an offer to the Los Angeles Lakers! Contact James Dolan and make an offer to the New York Knicks!"

"By the way! Also, the Golden State Warriors are the same! There are the Celtics and the Clippers... Although the Clippers are also very rubbish, the Clippers are also in Los Angeles!"

"Also, please call the NBA president. Can a person hold a team of more than plural groups?!"

Zhang Xianglin was stunned for a moment.

He didn't expect that after he persuaded him for so long, the boss still insisted on investing in this business, which has stable but has very poor annualized returns.

But Zhang Xianglin is very mean, just like the country on the other side of the Pacific Ocean advocates the way of governing the country.

That's what the boss said.

I have already expressed my sincere words, and there is nothing I can do if the boss is unwilling to adopt.

Now the boss wants to do this.

As one of Abel's highest assistants in the New York area, Zhang Xianglin chose: as he did!

"Okay! boss!"
To be continued...