Almighty Coach
Chapter 400 Trading at a Loss
"This is the result of my trip to Europe, several new advertisements and endorsements." Steven handed a document to Dai Li.
Dai Li took the document and said at the same time, "I heard that Philip is more popular in Europe than in America?"
"Yes." Steven nodded: "Europeans really like Philip, and his popularity there is no less than that of any top sports star. Otherwise, we wouldn't have received so many advertisements."
After Steven finished speaking, he continued as if casually: "Did I see Kevin Taylor outside just now?"
"Yes, my new client." Dai Li said vaguely, without revealing how he met Taylor.
Steven obviously wanted to bring up this topic, and he continued to ask: "Then how did you meet? Did he find you, or did you find him?"
"That should be a coincidence." Dai Li said, he still didn't want to talk about entering the police station.
Steven also noticed that Dai Li was hesitating, so he finally asked directly: "What I want to ask is, was it Taylor himself or his manager who contacted you first?"
Li Dai suddenly realized, and he asked, "You want to ask if Taylor has a manager?"
"Yes, that's what it means." Steven continued: "I heard that Taylor fired his agent, but that was two years ago. As for who Taylor's agent is now, I really don't know. .But I think that a sports star of Taylor's level should not lack an agent."
"Taylor doesn't have an agent at the moment." Dai Li replied.
"He doesn't have an agent yet!" Steven's eyes flashed with joy.
"Do you want to be his manager?" Dai Li asked directly.
"Of course." Steven didn't hide anything, he nodded: "That's Kevin Taylor! Ten years ago, he was the most famous sports superstar in the United States. When it comes to boxing, no one in the world doesn't know his name. His commercial value is in the hundreds of millions, for brokers, this is the most coveted client, he can bring huge wealth to the broker!"
"Really?" Dai Li smiled slightly, and continued, "Then do you think the current Taylor can still have hundreds of millions of commercial value? Don't forget that he is no longer young, he is already thirty-two years old."
"Uh, that's true. In that game back then, he bit Highfield's ear in full view, which made him lose all his sponsors. Even now, those advertising sponsors are afraid to avoid him. No, no one is willing to find a tainted person to endorse their products." Steven analyzed rationally.
"Then you still want to be his manager?" Dai Li asked.
"Of course!" Steven gave an affirmative answer: "Even if he has no income from advertising endorsements, he can still earn a lot from boxing. He will retire within a few years, but the boxer's appearance fees and bonuses are still very high. Even if he can't win a fight, relying on the appearance fee, he can earn 10 to 20 million in the future, and this For me, it is a share of one or two million! This is a huge sum of money, and many people may not be able to earn so much money in their lifetime."
Dai Li nodded. In the United States, jobs with a monthly salary of more than 3,000 US dollars are either relatively decent jobs, or heavy physical jobs that most people are unwilling to do. The salesperson in the supermarket and the dish washing in the restaurant must not earn that much. According to statistics, the median annual income of American families is about 53,000 US dollars, and 1 million US dollars is equivalent to the income of American families for 17 or 18 years. If it is an individual, it is almost the same to earn so much money in a lifetime .
However, Dai Li was not optimistic about Steven. He said, "Taylor is outside. You can ask him if he has any intention to let you become a manager, but don't give too much hope."
"Why?" Steven asked.
"Taylor was cheated by an agent before, the agent he fired before. Taylor told me that the agent blackmailed him a lot of money, a towel for a few dollars, and his agent reimbursed him $8,000. In this way, his manager gave almost all of his money away, so he doesn't trust the manager now." Dai Li explained.
"There are indeed a lot of unprofessional ethics in our industry. In fact, there are scum in every profession. The main job of our agents is to help clients make more money. I believe that no one wants to make trouble with money. If Kay If Wen Taylor wants to make more money, he must have an agent." Steven said
"Well then, in that case, good luck."
...
"I don't need an agent!" Taylor shook his head firmly.
"Mr. Taylor, I know you have been cheated by agents before and lost a lot of money, but I am not the kind of scum with no professional ethics. I can guarantee that if you choose me as your agent, I will Put your interests first. It will definitely be a very correct decision for you to choose me, " Steven said.
Taylor was not persuaded, but still shook his head without hesitation: "I really don't need an agent now."
Steven puffed out his chest, and then persuaded: "I'm still Barron Philip's agent, Barron Philip, Blade Warrior, you must have heard of him! Since I became Philip's agent, I have I won more than 15 million advertising endorsements for him, so my professionalism is completely worthy of your trust."
Looking at Steven's earnest expression, Taylor sighed helplessly: "Let me tell you the truth, I'm actually bankrupt!"
"Bankruptcy?" Steven's expression was startled, of course he knew exactly what bankruptcy meant.
"How much do you owe the bank?" Steven asked immediately.
"More than 20 million U.S. dollars." Taylor didn't hide it either.
"Twenty million! That's a lot!" Steven's expression suddenly became extremely dignified.
Taylor nodded with a wry smile: "So you understand now? I can't afford an agent at all."
Steven suddenly felt a little lost in his heart. He thought he had caught a big fish, but he didn't expect that it was just a big fish bone with no meat on it. If he wanted to throw it away, he would have to pay an extra fee. Garbage disposal fee.
No agent is willing to take over a bankrupt athlete. A bankrupt athlete means no profit for the agent. What's more, Taylor still owes the bank more than 20 million US dollars, which is not enough for the vast majority of American athletes. They are all astronomical figures. If calculated according to after-tax income, even in the NBA, there are not many stars with career income exceeding 20 million US dollars.
"Kevin Taylor is 32 years old this year. He is no longer at the peak. Now he is not the super boxing champion of the year. How long will it take for him to pay off the 20 million in the bank after his comeback? Three years? Five years? At that time, he might not be able to impress him anymore! It must be unprofitable to be his agent. No wonder he doesn’t have a new agent now. Everyone is not a fool. Dry?"
Steven made some calculations in his mind, and immediately dismissed his previous thoughts. He didn't plan to take on a client who couldn't make money.
...
After more than half an hour, Steven returned to Dai Li's office.
Seeing Steven's mysterious look, Dai Li couldn't help asking: "How is the talk with Taylor? He is willing to let you be his manager?"
Steven didn't answer, but took a step forward, lowered his voice and asked, "Kevin Taylor is bankrupt, and he owes more than 20 million yuan, do you know?"
"Of course I know." Dai Li nodded.
"Then you still let him train here? Can he afford the training fee?" Steven continued: "You are not an American, and you may not know much about bankruptcy protection. Taylor is now in bankruptcy protection, and many consumer items will be restricted, and according to the repayment plan after the debt restructuring, his money must first pay back the tax owed, and the rest should be returned to the bank first."
"I know, he can't pay a penny for his training now, and sometimes I even have to pay for his lunch." Dai Li said calmly.
"My God, Coach Li, you should understand that you are opening a training hall, not charity!" Steven said.
"Of course I'm not doing charity, but I believe Taylor owes me training fees, and I will definitely be able to pay back. This is like an investment, isn't it the same for Philip at the beginning. What's more, Philip even had a career at the beginning. Athletes are not counted, and Taylor is a former super boxing champion after all." Dai Li replied easily.
"Coach Li, Taylor owes the bank twenty million dollars!" Steven reminded.
"More than 20 million." Dai Li corrected, "I know what you said."
"You know it all, dare to do this? You are crazy!" Steven shook his head: "Li, you are a professional sports coach, you should know that Taylor is not as good as before, he has already passed his peak age , and his condition will get worse and worse as he grows older, and he will not make much money in the future. As a friend, I must remind you that if you do business like this, you will definitely lose money. "
"I have confidence in my athletes." Dai Li smiled, "I believe that under my training, Taylor will definitely return to the top!"
"Well, I don't know where your confidence comes from, you are too stubborn, I can't persuade you!" Steven shook his head helplessly, turned around and prepared to leave.
"Wait a minute, you haven't told me whether Taylor has agreed to let you be his manager?" Dai Li stopped Steven.
"Even if he agrees, I won't agree! I'm not like you, I found a loss-making deal for myself." Steven shook his head: "Okay, I'll go first, I will run to you as soon as I get off the plane Here it is, now I have to go back and take a shower and get some sleep."
"Business at a loss?" Dai Li looked at Steven's leaving back and shook his head self-consciously.
"It's not certain who made a loss-making business!"
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