I was determined to be bad, but I went straight to the Basketball Hall of Fame

Chapter 76
After the Clippers succeeded in killing the Jazz, Min Congda's mood fell into a moment of depression, but he quickly cheered up.

He thought about it carefully and analyzed it, and thought that although the Clippers' victory in this game was terrible, 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 we have to take a step at a time.

It's not that he didn't think about trading or laying off all the players who performed well in the team, and came up with a "first elimination" system, so that his job of performing poorly would be much easier.

It's a pity that the system doesn't allow him to do this, the reason is [not to do transactions and operations that obviously violate common sense].

If it's bad, it still needs to be reasonable and reasonable. It's really a dog.

The NBA does not necessarily have to be reasonable in making deals. Is it reasonable for the Grizzlies to send Gasol to the Lakers in exchange for a bunch of scrap metal?
How come I have this kind of restriction, that kind of restriction, and so many rules to put it badly. What is the purpose of this system?
But think about it carefully, no matter what the purpose of the system is, anyway, they really gave 2000 yuan for losing a game, and it also allowed Min Congda to enjoy the beauty of the working class, so he endured it for the time being.

Since there is no way to make any changes to the lineup, he will make a fuss about the team's operations and expenditures, so he asked Ada what he thinks of the team.

On weekdays, Min Congda didn't care much about the team's affairs, and followed Rosser and Olshey to make troubles, but it didn't mean that Min Congda didn't understand anything.

Ada is Min Congda's eyes and ears.

As a company, the Clippers are neither small nor big.

Ada is not only Min Congda's personal assistant, but also a member of the team's media department, and the media department has always been the most informed.

Hearing from Ada that Roser was complaining about ticket sales and team expenses, Min Congda thought that spending 1000 million to make a documentary was indeed a very successful operation.

The 1000 million yuan of working capital has been occupied, the various incomes are not enough to make ends meet, and the tickets are not easy to sell. There must be problems in the team's management.

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

With 15 players and various staff members, the number of an away team can reach more than 40, and food, drink, housing and transportation will all cost money.

Min Congda has read the financial report. Last season, the Clippers spent more than 300 million US dollars on away air tickets and accommodation. This year's expenditure may increase further because the prices of air tickets and hotels are rising.

Now Roser only has 500 million yuan of working capital left as a backup. This money needs to be used for various expenses, such as undertaking some commercial activities, reimbursement of marketing expenses, equipment purchase, etc., and life can be said to be very tight.

Although Sterling, the boss, obeyed Min Congda's advice, he was still stingy when it came to spending money. Among the many tycoons in the NBA, Sterling was relatively poor.

Affected by the financial crisis in the past two years, the financial situation of each family is not very good. The underdogs like the Clippers are even more vulnerable. It is not like some rich and powerful teams, such as the Portland Trail Blazers. Hundreds of millions of dollars are lying on the team's books at every turn.

Roser can live frugally, deducting 1500 million working capital after a poor season is already quite remarkable, but who knows that he will meet the unlucky manager Min Congda.

Kacha first cut him 1000 million yuan, and now seeing the Clippers win, Min Congda didn't get 2000 yuan, so he was desperate to take the remaining 500 million yuan, thinking about making the team's funds worse.

This kind of operation Min Congda had seen a lot in the bank in the past, but it was not the bank's operation, but the customers who borrowed money from the bank.

Some customers in the manufacturing industry try 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 to do with more money, what to do quickly with money, just don’t do your job.

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

In a few years, the real estate industry will decline, the state will rectify the chaos in the entertainment industry, and the capital chain of various projects will be broken. These enterprises will have a hard time.

Smaller companies go bankrupt, and the boss runs away. Larger places will come forward to let the bank take the bottom line, clean up non-performing assets, swap debt to equity, or continue to borrow money to continue life.

In short, the final situation is not so bad.

How could Min Congda not use this valuable experience in the Clippers' failure?

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

After all, Jordan Peele made a basketball documentary, not James Cameron's Titanic, which would have exceeded his budget. Otherwise, Min Congda would have made another one or two billion dollars.

Special effects blockbuster Min Congda can’t be shot, and the arena can’t be built for the time being, and other basketball-related industries only have peripheral consumption.

Peripheral consumption is mainly ball jerseys, star cards, sneakers, and even playing cards, all of which are small items.

The league will carry out unified management of such things, and each team can get benefits, but it is difficult to intervene in detail, and this kind of consumer goods cannot swallow too much money in a short period of time. They are all high-value-added things, and the cost is low How much is it worth.

If he did it, he might still make money, and Min Congda didn't want to do profitable business.

Ada watched Min Congda sitting there thinking hard, while the food on the table didn't move much, thinking that Mr. Smart is really dedicated.

Even though the team won the game, he was not at all proud and complacent. Instead, he forgot to sleep and eat because of the team's management issues, and didn't even eat dinner.

Min Congda really wants to eat, this Curry has a three-pointer lore, can he eat?

"Mr. Smart, if you have any questions, let's think about it tomorrow. You'd better eat your meal first, and don't just drink." Ada 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 Staples Center is delicious?"

Meals at the Staples Center?
As a commercial and entertainment center, Staples certainly has restaurants, and there are quite a few of them.

However, there are no high-end restaurants, mainly fast food such as French fries, burgers, sandwiches, and popcorn to satisfy the appetites of fans, music fans, and boxing fans, so that everyone will not be hungry when enjoying games and concerts.

"Hmm...there's a lot of food there, but the taste is average and a bit expensive."

Min Congda drank the beer in the glass and said: "Okay! Our next goal is to open a restaurant in the Staples Center that can satisfy all fans, so that everyone who comes to the Clippers to watch the game Fans, feel at home! What do you think of the idea, Ada?"

Ada was taken aback by what she said. She wanted to make a documentary before, but now she wants to open a restaurant?What the hell is Mr. Smart up to?Is he still the general manager of the basketball team?

"But... but the company's financial situation, maybe it doesn't support such a project? Maybe it needs a loan..."

"Loans? Loans are good! Using bank money to do things for the team is perfect, perfect!"

Min Congda thinks his idea is great. Catering is a time-consuming, labor-intensive and expensive industry. It belongs to the Red Sea industry in any country. It will always exist, but it will never be easy to make money.

When I was working in a bank, many of my small clients were engaged in catering. Regardless of the small size, the investment cost is not low, the rent is high, the rate of return 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 construction, and it is still very suitable to engage in small and medium-sized businesses such as catering that can swallow money quickly.

Find a cooperative bank to borrow millions of dollars and open a store in Staples, where the competition is very fierce. When the time comes, the management will not be good, and the loss will close down. This small debt of millions may become the last straw that breaks the camel's back!
"Ada, let me dictate. You will help me write a project draft later, a plan for catering investment. I will discuss and approve it at the management meeting tomorrow!"

Just do what you say, this is Min Congda's style, and you have to work hard while your ideas are hot.

(End of this chapter)