Reborn in Hong Kong: The Tycoon Grows Up

It's good enough that someone provides you with free clothing and training equipment, so how dare you ask for anything else. At this time, mainland China may have no problem with its performance in sports, but its philosophy is at least decades behind that of Western countries.

The market economy has just begun, and some regions and individual departments are still implementing the planned economy. In the past, in a brother company, being able to give you an internal price was already a sign of gratitude, which meant that they gave you face. As for offering it for free, it’s a no-brainer.

Zhang Yuliang followed up and said: "As a Chinese, it is natural for me to be able to do some trivial things for the country. If you have any requests, I will definitely do it if I can move there; even if I can't do it, I will try my best to do it."

You may not understand what Zhang Yuliang's statement means; but as Bao Zixuan's father-in-law, he should be recognized. In short, in his heart, Bao Zixuan is a golden brand.

"It's good to be able to provide the best clothing and training equipment, but I don't dare to force anything else."

The issue of donations is not excluded in China, after all, Huo Yingdong has set an example before. But you can't just go to Mr. Huo for everything. It's too many times and everyone is embarrassed.

Zhang Yuliang didn't expect to give up the money. He was so moved by the kindness of the domestic people.

The Zhang family is a well-known family no matter what, so they can't be stingy about anything they do. So he said without hesitation: "The sponsorship fee is in line with international practice, so don't refuse."

"We are willing to spend 500 Hong Kong dollars as the sponsorship fee for athletes' clothing."

Five million Hong Kong dollars is not a small amount. I didn’t expect that the other party would take it out, so I took it out. For a moment, Leader Zhang didn't know what to say, except thank you.

"I'm really grateful. When I think about the fact that there are so many patriotic businessmen in Hong Kong, I believe the athletes will be even more motivated."

I didn’t expect that 5 million Hong Kong dollars would be enough to get it done. Now that I can contribute, I won’t just sit idly by.

Bao Zixuan: "I was responsible for the transportation of members of the Chinese Olympic delegation back and forth to the United States. At the same time, I was also responsible for the food and accommodation in the United States. This is just a show of caution."

See the expression and know what the other person is thinking. So he continued: "Don't refuse. We are all descendants of Yan and Huang. We can make a small contribution to the motherland, so don't take it too seriously. This matter has been settled. Domestic foreign exchange reserves should be used for other needs."

Huo Yingdong didn't expect Bao Zixuan to be so generous and not ask for anything in return. It shows that this guy is really thinking about the development of the country. It seems that some things can be brought forward.

The Weng son-in-law had already done this, and he couldn't stay out of it. So he said: "For every Chinese athlete, coach, and other staff member who has gone to the United States, I will use part of the funds to let them sell some souvenirs and bring them back. Don't refuse, it's a little bit of my appreciation."

Although I knew that these three people were wealthy owners, I never expected that I would gain so much from just one visit. I was worried about insufficient funds before, but now it seems that everything has been solved, and it still doesn't require the state to spend a penny.

Seeing the bewildered expression on his face, Bao Zixuan decided to give some suggestions to the Sports Bureau in advance so that they could generate income, so as to avoid the discomfort of athletes due to lack of funds when participating in sports events.

Bao Zixuan said with a smile: "Actually, Leader Zhang is guarding a small golden mountain instead of utilizing it."

In fact, Bao Zixuan wanted to say that he was guarding his golden rice bowl and begging for food, but that was too derogatory and not suitable to be said on this occasion.

After hearing what Bao Zixuan said, several people had different expressions. Huo Yingdong and Zhang Yuliang knew that this guy must have some good ideas. Otherwise it would be impossible to say this, and it is definitely an idea that can make money.

No one dares to doubt Bao Zixuan's business acumen; both Huo Yingdong and Zhang Yuliang fully recognized it. President Li was even more excited, because Bao Zixuan's idea meant it was feasible. This is the evaluation of Xiangjiang people, and I believe this time will be no exception.

Although he didn't know why this young Hong Kong tycoon said this, there must be a reason for him to be able to do such a big business.

Huo Yingdong must come out to smooth things over at this time, otherwise Leader Zhang will say something inappropriate and it will be embarrassing then.

Huo Yingdong: "Maybe he doesn't know much about it. Everyone in Xiangjiang Bao Zixuan admires his business judgment. As long as the little Bao student is optimistic about that stock, the stock will definitely skyrocket tomorrow. Now that the Sports Bureau is a golden mountain, it must be If you have any ideas, we have to study them carefully."

Mr. Huo said this, obviously reminding the two of them to listen carefully; they must not express any objections before the time comes.

In fact, losing money in sports has always been an eternal problem, and there is even no good way to solve it.

Take the Olympic Games as an example. If a country wants to successfully host an Olympic Games, it needs to do enough homework in at least four aspects. They are bidding fees, venue and Olympic village construction costs, road and other infrastructure construction costs, and operation support costs. Take bidding costs as an example. Regardless of whether the bid to host the Olympics is successful, the participating countries will have to spend more than 100 million US dollars in bidding fees, which is a considerable loss for the losing country.

As the number of Olympic Games events increases and the number of participants continues to increase, the International Olympic Committee's requirements for the Olympic Village are also getting higher and higher. During the Olympic Games, the Olympic Village will provide accommodation, medical care, entertainment and other services for more than 10,000 athletes, coaches and related support personnel. Under normal circumstances, the International Olympic Committee requires the host country's Olympic Village to prepare 46,000 rooms, of which about 16,000 rooms are reserved.

As for infrastructure costs, the costs are even greater. This is quite friendly to developed countries, because the infrastructure construction in developed countries is generally relatively complete, and most of them can be used off-the-shelf. For developing countries, they have to build from scratch, and this cost is often astronomical.

Before the 1970s, due to the lack of cost and benefit data for each Olympic Games, we do not know whether the country that hosted the Olympic Games at that time made a loss or a profit, and how much it lost and how much it earned. All that is certain is that the actual costs of every Olympic Games since 1968 have exceeded the original budget estimates, often by several times.

In the 1970s, after fierce competition, Montreal, Canada, finally defeated its rivals Los Angeles in the United States, Moscow in the former Soviet Union, and Florence in Italy, and won the right to host the 21st Summer Olympics. Montreal Mayor Jean-Daupt said proudly: "Just like a man cannot give birth to a child, the Olympic Games cannot lose money," and claimed that Montreal will host the most frugal and perfect Olympic Games.

However, as beautiful as the wish is, the reality is so cruel. Montreal built an Olympic stadium specifically for the Olympics with a budget of US$145 million, but the actual cost was as high as US$2 billion. One Olympic Games cost Canada a huge loss of US$2.4 billion.

Canada's painful lesson had an immediate impact. When it bid for the 23rd Olympic Games in 1979, only one city participated in the bid, Los Angeles, and other cities were scared away.

To be honest, there are not many countries that can make money in the modern Olympics. Originally, the modern Olympics was a money-making business. The original design plan was for each host country to get money. Of course, when you get money, you become famous internationally.

Until the Los Angeles Olympics, the organizers of that year were very talented and introduced a large number of advertising sponsors, and turned that Olympics into a money-making Olympics.

This is true for the Olympic Games, let alone other sports. Therefore, from the perspective of the General Administration of Sports of China, engaging in sports is definitely a loss of money. However, some money must be lost, at least in line with the status of a major country.

Now that Bao Zixuan said he could make money, could this guy be able to conjure money out of thin air?

Bao Zixuan: "Although in the 1980 Olympics, the last Olympic Games, the Soviets lost at least US$8.8 billion. But have you ever thought about it, that was because Western countries, and of course China, did not send delegations to participate."

"The Soviets have invested hugely in infrastructure, and without tourists they cannot drive consumption. It can be said that they cannot make ends meet, and losing money is inevitable."

"Sports is a long-term undertaking. If it does not have the ability to generate income, many people will surely stand up to oppose it, especially when the country and nation are not yet wealthy."

Bao Zixuan spoke to his heart, if the highest level hadn't spoken. It is estimated that no delegation will be sent to participate in the Los Angeles Olympics; after all, going out to compete costs money and does not bring any economic benefits.