In 19 years, the boss Cai Chongxin bought the NBA Nets for 3.38 billion yuan. Many people thought this was a crazy practice, even unbelievable. They were wondering if Cai Chongxin could succeed? Although he is Canadian, he is Chinese after all. Will investing in an NBA team really make a profit?
However, things became much simpler and broke everyone's doubts. He won the Nets with 3.38 billion in just one year and has already made a full pocket. It is even a little unbelievable. Although the NBA makes money, not many have reached the level of Boss Cai. Of course, this is also due to the development of the NBA league has entered a period of rapid profitability, Cai Chongxin bought the Nets at the right time, as the value of the entire league team has also risen.
Of course, it’s not that simple to buy an NBA team. Cai Chongxin started to make arrangements for the Nets in 2017. It took two full years for the Nets to gain control of the team from the beginning of the equity investment in 2019. The wealthy Chinese spent a total of US$3.38 billion. In 2017, we invested 1.1 billion U.S. dollars and continued to invest 2.4 billion U.S. dollars two years later. This kind of handwriting is considered very bold. Although there has always been a reason for the first person to eat the most delicious crabs, after all, it is the NBA, not the NBA. CBA, Cai Chongxin's boldness has also obtained high returns for him.
In fact, Cai Chongxin’s previous Nets were not what they are now, and the team has no superstars. It was not until he officially acquired the Nets in 2019 that you saw Durant, , Owen, and Jordan. You also saw Harden joined a week ago. These are what Cai Chongxin did after he really controlled the Nets. This is also the reason why he is liked and supported by Nets fans. He is someone who really wants to make this team a top team. There is a huge difference from the former boss Prokhov . There is a difference between a small business and a huge investment. The Nets Club also gained value after the acquisition by Cai Chongxin.
According to the latest NBA league team market value rankings,The Nets have undergone earth-shaking changes, from being unnamed to being brave in the three armies, Cai Chongxin chose the right star. The arrival of Durant, Irving, Jordan and Harden has enriched the ranks of this basketball club, and all of them are the champion teams in recent years.
The Nets are ranked fourth in the latest NBA league value ranking. The Knicks ($5.4 billion market value), Warriors ($5.2 billion market value), Lakers ($5.1 billion market value) are better than him ), the Nets ranked fourth with a market value of $34.
You are not mistaken about the market value of US$3.4 billion, so why does Cai Chongxin make money? Because part of the purchase of the Nets (1.05 billion US dollars) is a fixed purchase, that is, the Nets' home stadium, all equipment, and a series of brands derived from the team (the value of Brooklyn's fixed assets will not change too much). In fact, Cai Chongxin only spent US$2.35 billion on the purchase of the team, so this year the rich Canadian Chinese made a full US$950 million.
I made a huge profit of 950 million U.S. dollars in a year. I think everyone wants to do this kind of business, but Cai Chongxin's investment vision is really strong. Go very securely. Even if all the acquisition funds are counted together, Cai Chongxin is not at a loss now, so he is the first crab in the NBA to eat.
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