City: I Create The Nba!

After the NBA draft, it entered a long offseason.

The players are on vacation, practicing hard, preparing to usher in the new season with a better mental outlook.

At the same time, wealthy businessmen from all walks of life began to discuss the sale of the team with Jiang Han, president of the NBA.

Soon, the NBA's first team transaction was completed.

In early July, the Memphis Grizzlies successfully sold for $494 million.

The new boss, Robert Pera, is worth $6.9 billion and is a well-known entrepreneur on the Forbes rich list.

The reason why he bought the NBA team is simple, because he likes basketball very much and plays four or five times a week.

...

In early July, the Atlanta Hawks were successfully sold for $850 million.

The new boss, Tony Ressler, is the chairman of Ruisheng Management Investment Company, with an amazing net worth.

...

In mid-July, the Denver Nuggets successfully sold for $608 million.

The new owner, Stan Kroenke, is a professional sports investor with a net worth of $5.8 billion.

He has many teams under his name, including the Colorado Avalanche in the NHL, the St. Louis Rams in the NFL, the Colorado Rapids in the MLS, and Arsenal in the Premier League.

Obviously, he is very optimistic about the future of the nba league, and immediately bought his favorite team.

...

late July.

The nba has completed several team transactions.

Well-known investor Mark Cuban, worth $4.1 billion, bought the Dallas Mavericks for $912 million.

Dan Gilbert, who is worth $6.5 billion, bought the Cleveland Cavaliers for $573 million.

The famous wealthy businessman Robert Savor bought the Phoenix Suns for $617 million.

...

the end of July.

Judy Allen, sister of former Microsoft shareholder Paul Allen, bought the Portland Trail Blazers for $703 million.

Gary Benson, wife of auto dealer Tom Benson, bought the New Orleans Pelicans for $513 million.

Ryan Smith, co-founder of technology company Qualtrics, bought the Utah Jazz for $589 million.

...

After the time entered August, more and more NBA teams were acquired by wealthy businessmen from all walks of life.

These billionaires have a keen sense of business.

First of all, their main business is varied, and buying a team does not refer to this to make money.

The team bought it and put it aside for long-term investment and real estate.

Secondly, anyone can see that the nba league is booming, and the team's market value will become higher and higher.

Short-term investment does not make money, but long-term investment is absolutely stable!

Moreover, in case of an economic crisis in the future, or if you really don't want to play anymore, you can make a lot of money by selling the team.

Who can say no to such a good deal?

...

late August.

Many nba teams in small ball markets have already been acquired by wealthy businessmen.

If you want to buy teams in those big ball markets, you need to buy them at a premium based on the market price.

Which teams belong to the big ball market?

In addition to New York and Los Angeles, San Francisco, Chicago, Boston, and Houston are all big ball cities.

In the end, Joe Lacob bought the Golden State Warriors for $2.173 billion, a 33% premium.

Tilman Fertitta bought the Houston Rockets for $2.2 billion, a 134 percent premium.

Vic Grosbeck bought the Boston Celtics for $2.356 billion, a 100% premium.

Jerry Reinsdorf bought the Chicago Bulls for $2.432 billion, a 100% premium.

Ranked 11th on the Forbes rich list, former Microsoft president Steve Ballmer, with a net worth of US$52.7 billion, bought the Los Angeles Clippers for US$2 billion at a premium of 102%.

Do these rich businessmen have a lot of money?

In fact, no one sees it that way!

NBA President Jiang Han has already announced to the outside world that the New York Knicks and Los Angeles Lakers will not be sold.

The other 28 teams can all be sold to the outside world.

These teams are located in big cities, and the market value of the teams has grown rapidly.

They bought the team at a premium, obviously after careful consideration!

at the same time.

Cai Chongxin, the co-founder of Alibaba with a net worth of US$11.5 billion, acquired the Brooklyn Nets at a price of US$2.35 billion, a premium of 147%.

He also became the second team owner from Xia Guo besides Jiang Han.

...

Until the end of August.

Except for the Lakers and Knicks, Jiang Han sold all the other 28 teams.

With so many teams sold, his personal wealth soared rapidly!

28 teams were sold in a package, bringing Jiang Han $27.768 billion in revenue.

Of course, this income still needs to be taxed.

37% national tax + 12.6% state tax and local tax, Jiang Han paid 12.292 billion US dollars in taxes!

27.768 billion US dollars, shrinking instantly.

That leaves only $11.475 billion in net income.

Add in the $1.1 billion left after taxes were deducted from his previous personal account.

Jiang Han's total personal wealth reached 12.575 billion US dollars!

This made Jiang Han, who was only 23 years old, into the ranks of tens of billionaires!

Calculated based on Forbes' real-time update of the "Global Billionaires List".

Jiang Han's wealth of 12.575 billion US dollars surpassed Victor Vekselberg's net worth of 12.3 billion US dollars, ranking 181st in the world's richest list!

Of course, this is only a rough estimate.

If you really want to count, Jiang Han's wealth also includes the New York Knicks and Los Angeles Lakers, as well as 29 NBA arenas.

Team buying and selling transactions only involve the team and do not include the arena.

Otherwise, the price he sold the team would definitely be more than that!

Take the Chase Center, the arena of the Golden State Warriors, for example, the cost of the arena alone is as high as 1.3 billion US dollars.

Joe Lacob bought the Golden State Warriors for $2.173 billion. If the arena is included, wouldn't it be said that the Golden State Warriors are worth 873 million?

impossible!

The current market value of the Golden State Warriors is 1.634 billion, plus the Chase Center arena, and if you count the premium, you will have to sell him for 3.5 billion US dollars!

There are 29 arenas in the NBA. If an arena counts him at an average of 1 billion US dollars, it is another 29 billion US dollars in assets.

In addition, the New York Knicks with a market value of 1.748 billion US dollars under Jiang Han's name and the Los Angeles Lakers with a market value of 1.672 billion US dollars.

Jiang Han's total assets will be as high as 44.995 billion yuan, ranking 28th on the world's richest list!

It wasn't until this moment that Jiang Han could say from the bottom of his heart: "45 billion, I can't spend it all in one lifetime..."

Book reading fun on Friday! Recharge 100 and get 500 VIP coupons!

Immediate recharge (activity time: April 29th to May 3rd)