Chapter 408 The acquisition of the Nets was successful(1/2)
At two o'clock in the afternoon the next day, the owners or representatives of the league's thirty teams appeared in the large conference room of the NBA headquarters.
Many owners in the NBA not only own the team, but the team may even be a very inconspicuous property in their hands. Therefore, they have no interest in participating in this kind of shareholder meeting. They usually let the team president or general manager attend on their behalf.
"Okay, everyone is here. I believe you also know what the content of today's meeting is."
"That's right, it's about Kongbu's acquisition of the Nets."
"If it were another acquirer, I might have to introduce his resume so that you can know him better."
"There's no need for Kong Bu. In the past nine years, I believe you are already very familiar with him."
Stern joked at the beginning.
"I have never heard of only one buyer for acquiring a team. David, you wouldn't have colluded with Kongbu to sell off the league's assets at a low price, would you?"
"Now the Nets are assets belonging to the league, and we also have the right to supervise them."
James Dolan expressed his dissatisfaction as soon as he came up and started to find fault.
Stern had already expected it, and said unhurriedly: "James, there is only one buyer to buy the team. That is normal. Do you think it is to create a new team?"
"As for you talking about selling assets at a low price, I bought the team for 300 million U.S. dollars and sold it for 400 million U.S. dollars in one year, with a rate of return as high as 33.3%. I don't know if you know how to invest. Anyway, Buffett is here. He
All I can say is that this is a good deal.”
Of course, James Dolan couldn't just give up, "Okay, it increased by $100 million in one year, so why can't you stay for a few more years?"
"Wouldn't it be more cost-effective to increase the price by US$100 million every year?"
After hearing this, many bosses sneered. Seeing that their cakes were about to be divided, even James Dolan started to act rogue.
Everyone knows what the situation of the Nets is. 400 million US dollars is already a premium. Teams like the Bucks in the East may only have a market value of 200 to 300 million US dollars at the moment.
"Mr. Dolan, I have a good idea here."
"Since you think the Nets have such great potential and can make a net profit of US$100 million a year, how about you sell the Knicks and then buy the Nets."
"You know, we definitely support you in doing this."
Old Adelman, the king's representative, laughed.
He has always had a close relationship with Combs. When he heard that Dolan was looking for trouble, the warm-hearted old Adelman stood up and criticized Dolan.
Many team owners and representatives burst into laughter.
If the three NBA teams are compared to a class, then the Knicks are the second generation of upstart rich people in the class. Compared with the second generation of traditional aristocrats such as the Lakers and Greencaps, even if the Knicks are richer,
Not many teams like him.
Of course, Thomas Sr. is also responsible for this. He has been in charge of the Knicks for seven years without knowing it.
Thomas Sr.'s ability to offend people is even greater than that of Combs. In the past seven years, he has never been able to stop talking. Even if he tortured people during the regular season, he would still ridicule them severely.
"Okay, let's stop talking nonsense and start voting directly."
"Anyway, there are no outsiders here today, so why not stop being anonymous and just vote by a show of hands!"
Stern made a good calculation. Even if Kongbu's reporter yesterday would greatly increase his confidence, he still wanted to be more secure.
Without anonymity, generally no team is willing to offend Kongbu. After all, this is a thankless task. Whether Kongbu acquires the Nets or not, the biggest concern is the Knicks. It has little impact on them, so why offend Kongbu.
As a result, Dolan was unhappy again, "No, the rules are the rules. It has always been anonymous before, why do we have to vote by show of hands this time?"
"Still anonymous!"
Stern glanced at Kongbu, who nodded slightly. Just stay anonymous. It won't have much impact anyway.
"Okay, then stay anonymous, Stu, you are responsible for collecting the tickets."
"No! Who knows if you guys are going to do something fishy? You're here to collect the tickets!" Dolan pointed at a young man at the scene who was responsible for recording the meeting and said.
Kongbu was speechless. How much did Dolan distrust Stern?
It seems that the envelope door may be true, because Stern's envelope door was to help the Knicks get Ewing. It was precisely because Dolan knew Stern so well that he distrusted Stern so much.
Stern, a smiling guy, is a little embarrassed at this moment.
He didn't want to get into too much trouble with Dolan, so he nodded to the young man and asked him to collect the tickets.
After a while, each team wrote their approval or objection on the piece of paper.
As Dolan watched, Stern began tallying the votes.
8 teams voted against, 21 teams voted in favor, and the remaining one was the Nets.
Kongbu could use his big toe to guess which eight teams they were, and they must be the eight teams in the Eastern Conference.
The fifteen teams in the Western Conference must have unanimously voted in favor, because they do not want Combs to come to the Western Conference.
Except for the teams in the Eastern Conference that have an extremely close relationship with Kongbu, all the other teams voted against it because they did not want Kongbu to stay in the Eastern Conference.
"The Nets still have one vote, and I vote in favor on behalf of the league."
"22 votes in favor and 8 votes against, Kongbu's acquisition of the Nets is officially approved!"
Stern announced loudly, while Dolan looked at the Western Conference teams angrily.
Before the meeting, of course, he tried every means to find allies for himself. He had already made an agreement with several Western Conference teams such as the Lakers to oppose Kongbu's acquisition of the Nets.
As a result, the Lakers obviously rebelled. Faced with their own personal interests, they couldn't possibly get Kongbu to come to the West.
If Kongbu goes to the West, the biggest victims may be the Lakers.
What the Buss family fears most is not that Kongbu will come to the Western Conference to compete for the championship, but that Kongbu will acquire the Clippers.
Although it seems unlikely, they don't dare to take risks even if there is only one percent chance.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Los Angeles is dominated by the Lakers, and among all the fans, there may not be a single Clippers fan out of ten.
If Kongbu comes, it's hard to say. Give him ten or eight years, Los Angeles may be the Clippers' world, and the Buss family absolutely cannot take this risk.
Therefore, the Lakers, after much deliberation, secretly helped Kongbra vote for him to compete with the Knicks for business.
The voting ended, the dust settled, and Kongbu successfully acquired the Nets.
"Congratulations, my ex."
Jordan laughed and came up to hug Kongbu. He was sincerely happy for Kongbu.
The owners and representatives of other familiar teams also gasped. Even Jenny Buss, the daughter of the Lakers Buss family, came up and hugged Kongbu.
"Thank God, you successfully acquired the Nets."
"I can have a good sleep tonight."
The faint smell of perfume from Jenny Bass reached Kongbu's nose.
Milfs like her are still somewhat attractive to Kong Bu at his age.
"Didn't you sleep well enough in the past nights? Jenny, it seems that your fiancé Phil didn't take good care of you." Kongbu said with a smile.
Jenny Bass covered her mouth and smiled: "Kong, your news is too outdated. Don't you know that I have terminated my engagement with Phil?"
"I'm eager for you to come to Los Angeles, but I'm also afraid of you coming to Los Angeles. Do you understand what I mean?"
Kongbu shook his head with a smile and did not answer Jenny Bass's words. It is no wonder that he broke off the engagement with the Zen Master. She was as old as a wolf and a tiger, and the Zen Master in his sixties or seventies could not satisfy her.
James Dolan turned pale and left the venue directly.
After everyone left, Combs followed Stern into his office, with Stu Jackson beside him.
"Kong, after this thing is done, I feel relaxed all over and I feel twenty years younger."
Stern said with a ruddy face.
"No, David, you still look like a seventy-year-old man."
Kongbu laughed.
"Yeah, I won't be able to work for a few more years. When I retire and Stu takes over my position, I don't know how much the market value of our NBA will be."
"Kong, I'll leave it to you to take care of the Nets."
"Play hard in the new season, and by the 2007 offseason, we will definitely be able to move to New York City."
Kongbu heard this saying that was extremely weird. The Nets were obviously his property, but Stern said this as if he was a wage earner.
That night, Kongbu had another dinner with Stu.
Stu Jackson lamented, "Who would have thought? That young boy nine years ago would now be the sole owner of an NBA team."
"Nine consecutive championships! It really seems like a dream!"
"By the way, Kong, do you still have time to participate in this year's World Championships? I am now the head of the competition committee, in charge of the selection of lineups for various world competitions."
Kongbu sighed, because he had just taken over the Nets, and he had too much work to do.
Fortunately, the World Championships didn't attract much attention, and it wasn't the Olympics. Kongbu thought that even if he didn't go, it wouldn't be a big deal.
Moreover, in the past nine years, Kongbu has led the Chinese men's basketball team to win two world championships and two Olympic championships. He plans to take a break this year and give other domestic coaches a chance.
"Maybe I won't go this year. What's wrong, Stu, why do you ask?"
Kongbu asked curiously.
To be continued...