After the Clippers successfully defeated the Jazz, Min Congda fell into a temporary depression, but he quickly cheered up.
He thought and analyzed it carefully and believed that although the Clippers' victory in this game was bad, it still had an element of luck.
Moreover, the team's lineup is now at this point, and there is no way to make any adjustments for the time being. It's just a matter of taking it one step at a time.
It's not like he hasn't thought about trading away or laying off all the outstanding players in the team and implementing a "first elimination" system. In this way, his job of eliminating bad players will be much easier.
It's a pity that the system does not allow him to do this. The reason is that "transactions and operations that obviously violate common sense are not allowed".
It’s really a shame to show it off in a reasonable and reasonable way.
NBA transactions don't have to be reasonable. Is it reasonable for the Grizzlies to send Gasol to the Lakers in exchange for a bunch of junk?
How come I have this kind of restriction, that kind of restriction, and so many rules? What is the purpose of this system?
But if you think about it carefully, no matter what the purpose of the system is, after losing a game, Min Congda was actually given 2,000 yuan, which also allowed Min Congda to enjoy the beauty of the working class, so he tolerated it for the time being.
Since there was no way to make any changes to the lineup, the only thing to do was to make a fuss about team management and expenditure, so he asked Ada what she thought of the team.
On weekdays, Min Congda doesn't care much about the team's affairs and just lets Rosser and Olshey mess around, but that doesn't mean that Min Congda doesn't understand anything.
Ada is Min Congda's eyes and ears.
As a company, the Clippers are neither too small nor too 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.
I heard from Ada that Rosser was complaining about ticket revenue and the team's expenses. Min Congda believed that he spent 10 million to shoot a documentary, which was indeed a very successful operation.
The working capital of 10 million yuan has been occupied, various incomes cannot make ends meet, and it is difficult to sell tickets. There will definitely be problems in the team's management.
The daily expenses of an NBA team are very high. Players go out to play away games, charter flights, and stay in hotels. These all cost money.
With 15 players, plus various staff members, an away team can reach more than 40 people, and they have to spend money on food, drink, housing and transportation.
Min Congda has read the financial report. Last season, the Clippers spent more than 3 million US dollars on away tickets and accommodation. This expenditure may increase further this year because the prices of air tickets and hotels are rising.
Rosser now only has 5 million working capital left as a backup. This money must be used to cover various expenses, such as hosting some business activities, reimbursing marketing expenses, purchasing equipment, etc. Life can be said to be very tight.
Although Sterling, the owner, obeys Min Congda's words, he is still stingy about spending money. Among the many tycoons in the NBA, Sterling is relatively poor.
Affected by the financial crisis in the past two years, the financial situation of each company is not very good. A weak team like the Clippers is even more like a candle in the wind. It is not like some teams with deep pockets, such as the Portland Trail Blazers. The team has hundreds of millions of dollars in capital at every turn.
Rosser is able to save money and save money. It is already remarkable that he deducted 15 million in liquidity after a bad season. Who would have expected that he would encounter an unlucky manager like Min Congda.
Kacha first cut him 10 million yuan with a knife. Now seeing the Clippers winning, Min Congda didn't get the 2,000 yuan. He was so angry that he wanted to use the remaining 5 million yuan to make the team's financial situation worse.
Min Congda has seen this kind of operation in banks in the past, but it is not the bank that does this, but the customers who borrow money from the bank.
Some customers in the manufacturing industry are trying to get loans, not to expand production or engage in research and development, but to use land to build houses, engage in real estate development, catering, entertainment, and film production.
They do whatever they can with the money, and they do whatever they can with the money, but they don’t do their job.
When the real estate industry is booming, you can make a quick profit, allowing executives and employees to live a good life for a while.
In a few years, the real estate industry will decline, the state will crack down on chaos in the entertainment industry, and the capital chain for various projects will be broken, life will not be easy for these companies.
If a smaller company goes bankrupt and its boss runs away, a larger company will step in to ask the bank to cover the bottom line, clean up non-performing assets, swap debt for equity, or continue to borrow money to extend its life.
All in all, the final situation was not good.
How could Min Congda not apply this valuable experience to the Clippers' failure?
Although the filming of the documentary consumes a large part of the working capital, judging from the progress of Jordan Peele's filming, this money is expected to be spent slowly, and it will be difficult to generate more negative returns.
After all, Jordan Peele was shooting a basketball documentary, not James Cameron, which would have cost overruns. Otherwise, Min Congda could have spent another one or two billion on it.
The special effects blockbuster Min Congda cannot be filmed, and the arena cannot be built for the time being. Other industries related to basketball can only be consumed peripherally.
Peripheral consumption mainly includes star jerseys, star cards, sneakers, and even playing cards, etc., which are all small items.
The league will conduct unified management of this kind of thing, and each team can get benefits, but it is difficult to intervene specifically, and this kind of consumer goods cannot swallow up too much money in a short time. They are all high value-added gadgets and the cost is low. It's worth a few bucks.
If he did it, he might still make money, but Min Congda didn't want to do a profitable business.
Ada watched Min Congda sitting there and thinking hard, with the food on the table barely touched, and thought that Mr. Smart was really dedicated.
Although the team won, he was not at all proud and complacent. Instead, he stayed up all day and night because of the team's management issues and didn't even eat dinner.
Min Congda really wants to eat. If Curry makes a three-pointer, can he eat?
"Mr. Smart, if you have any questions, please think about it tomorrow. You'd better eat your food first, don't just drink." Ada reminded Min Congda kindly.
Min Congda looked at the food on the table, suddenly thought of something, and asked: "Ada, do you think the food at Staples Center is delicious?"
Meals at Staples Center?
As a commercial and entertainment center, Staples certainly has restaurants, and there are quite a few.
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 go hungry while enjoying games and concerts.
"Well... there is a lot of food there, but the taste is just average and a bit expensive."
Min Congda drank all the beer in the cup and said: "Okay! Our next goal is to open a restaurant in Staples Center that can satisfy all fans, so that everyone who comes to watch Clippers games can Fans can feel at home! What do you think of this idea, Ada?"
Ada was stunned for a moment after saying this. She wanted to make a documentary before, but now she wants to open a restaurant? What does Mr. Smart want to do? Is he still the general manager of the basketball team?
"But...but the company's financial situation may not support such a project, right? Maybe it will require a loan..."
"Loan? Good loan! It's perfect to use the bank's money to do things for the team, very perfect!"
Min Congda thinks his idea is great. The catering industry is time-consuming, labor-intensive and expensive. It is a red ocean industry in any country. It will always exist, but it will always be difficult to make money.
When I was working in a bank, many of my small clients were in the catering business. Although the business was small, the investment costs were high, the rent was high, the yield was relatively low, and the cash flow requirements were relatively high.
With the Clippers' current financial situation, it is unrealistic to engage in infrastructure construction. It is still very suitable to engage in small and medium-sized businesses such as catering that can quickly absorb money.
Get a loan of millions from a cooperative bank and open a store in Staples, where competition is fierce. If the business fails and the business fails, this small debt of millions may become the straw that breaks the camel's back!
"Ada, I will 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, just work hard while the idea is hot.
