“As the team owner, I can sit in the first row forever.”
After more than a month, Ma Yun will retire. In the past 20 years, Ma Yun’s best partner, Cai Chongxin, has gradually retired. Although there is no such thing as Ma Yun, he said that he would retire on September 10th, but in the past year, Cai Chongxin has already declared his life shift in another brilliant way.
On August 15, according to the New York Post, Alibaba co-founder Cai Chongxin acquired the Brooklyn Nets for a record $2.35 billion. Just two days later, the New York Times reported that in addition to the $2.35 billion, Cai Chongxin also offered nearly $1 billion to buy the Barclays Center, the home stadium of the Nets, for a total of nearly $3.4 billion.
At this point, Cai Chongxin will be the first Chinese boss to hold a wholly-owned NBA team. But the rich who burn money for their hobbies can be more than one. In Forbes’ 2019 sports club owner’s wealth list, Microsoft’s former CEO Steve Ballmer, the Clippers’ boss ranked second with a net asset of $41.2 billion, and Chelsea’s boss Abu was fifth, while ranking No. Three Red Bull founders Dietrich Matt Hitz not only owns the New York Red Bulls of the Major League Soccer (MLS), but also the owners of F1’s Red Bull Racing and Red Bull II.
In other words, the rich investment in the sports industry is not just to pay for the dream, but a large part of the rich is to get a ticket to eat at a dinner table with celebrities. In this regard, in addition to buying entertainment companies, probably no topic can be more suitable than sports. But to talk about risk and return on investment, playing sports can be much safer than buying entertainment companies.
Cai Chongxin: After Ali, the next stage of life is opened
Cai Chongxin is one of the few people in Ali who have no name. Cai Chongxin, known as the “Alibaba Ali”, cherishes the words in gold in public, but he gave up his career with a salary of $700,000 a year, and his pregnant wife ran to Hangzhou, China to make a monthly salary of 500 yuan. It has long been known to everyone.
Every time, Ali’s major turning point has Cai Chongxin’s figure. In 2000, Cai Chongxin rejected the investment of 40 million yuan from Softbank Sun, and only accepted Softbank’s 20 million US dollars in Ali, which helped Ali to tide over the difficulties. Also avoided the subsequent dilution of Ali shares. After that, Cai Chongxin once again raised $82 million for Ali to merge Yahoo China. It was at this time that Taobao was born and Ali’s business empire began.
In 2008, Ali Capital was established, and Cai Chongxin changed from “the person who will raise money most” to “the one who will spend the most money.” Initially, Ali focused on financial investment. Since 2013, Ali’s investment focus has shifted to strategic investment and spending money.At the same time, they are also using M&A to form their own business segments. That is to say, in this year, Ali carried out the organizational structure change with the largest adjustment since its establishment in 13 years. The Strategic Investment Department, along with the independent Ali Capital, was included in the “Alibaba Group Investment Department”.
In April of the same year, Cai Chongxin stepped down as Ali CFO and became the executive vice chairman of the group’s board of directors, mainly responsible for the group’s strategic investment and investor relations. Since then, Ali invested in Gao De, UC, Yintai, Mo Mo and hungry, and it is indispensable for Cai Chongxin to make a layout behind the scenes.
Now, Ali Group CFO Wu Wei is also the head of the Group’s strategic investment department. Cai Chongxin has retired Ali’s investment in the rivers and lakes, and he has more time to focus on his favorite sports career. This love originated in about 1977. The 13-year-old Cai Chongxin traveled across the ocean to study at Lawrenceville High School in New Jersey. There, he joined the school’s football team, acting as a defender in the offensive single-wing formation and as a linebacker in the defensive team. Entering Yale University, he fell in love with hockey and basketball. Now, his hobbies are also evident in his personal investment after his retirement.
Local Time, May 09, 2019, Brooklyn, USA, 2019 WNBA preseason, Chinese women’s basketball team VS New York free man. New York free man boss Cai Chongxin watched the battle
According to Sohu News, Cai Chongxin is now a major shareholder of the San Diego Seals team and a major shareholder of the WNBA New York Liberty team in the National Long Hockey League (NLL). At the same time, he also led the first round of financing of the Super Lacrosse League (PLL), this is the rookie league launched by Paul Rabil, the star of the Los Angeles Galaxy team, a famous American football major league team this summer.
Cai Chongxin loves many sports.
Cai Chongxin, who has gradually retired from Ali, appears more and more frequently in various sports news. At the beginning of 2019, he became the owner of the WNBA New York Freedom Team. After the coordination of Cai Chongxin’s multi-party operation, the friendly match between the Chinese women’s basketball team and the New York Freedom Team was held at the Barclays Center in New York on May 10. At that time, Cai ChongxinI have been interviewed by dozens of media, and almost no one refuses. It should be noted that in addition to the public meeting held by Ali, Cai Chongxin will almost never accept an interview. Now search for Cai Chongxin in the network, most of the news is related to basketball. Coupled with the purchase of the Nets by a third of the price, Cai Chongxin has become one of the most watched bosses in the Chinese Internet community and the NBA.
Steve Ballmer: If you don’t want to make a profit, you want to have some fun
In the Forbes Billionaires list released in 2019, the Clippers owner Ballmer was worth $41.2 billion and became the richest boss in the US sports team.
Steve Ballmer can be said to be a “basketball madman”, and Mavericks owner Mark Cuban has a fight. After the Clippers in the April playoffs, Ballmer stood on the sidelines and shouted: “Our players are tough guys! They are very tough physically and mentally. I love them.” And! Compared with Cuban, there is nothing more than it.
Bolmer grew up in Detroit and joined Microsoft in 1980 after graduating from Harvard University. He was the first business manager hired by Bill Gates. In 2014, former Clippers owner Donald Sterling was banned for the life of the league because of racial discrimination, and many wealthy individuals rushed to acquire the Los Angeles Clippers. In the end, Ballmer got the team with a price of 2 billion dollars. This created the highest price record for the acquisition of NBA teams at the time.
In 2013, Ballmer has already withdrawn from Microsoft’s board of directors. With such a boss who has the money and time to really love basketball, the Clippers can be said to be “no-going”. He once expressed the idea of managing the Clippers: “In order for the Clippers to have the strength to compete for the championship, I will not be afraid to pay the luxury tax, even if it will lose ‘a little money’. If you do not pay the luxury tax, we expect I will get a 3% profit, but I am not afraid of paying taxes.”
After Ballmer took over the Clippers, he hired team coach Doug Rivers as vice president of basketball operations and gave Rivers sufficient operational authority. In the meantime, the team has been throwing money almost every year, four years to $88 million to renew DeAndre Jordan, three years and 35 million to renew Austin Rivers, three years and 42 million renewed Jamal K. Lawford, signed a contract with Wesley Johnson for 3 years.
Local Time October 29, 2015, Los Angeles, USA, 15/16 season NBA regular season, Clippers 104-88 Mavericks. In the middle is Steve Ballmer
While Ballmer’s investment in Microsoft was a lot of money, he admitted that he “had not led Microsoft to catch up with the mobile Internet.” But for the Clippers, he has almost no misses. The reason is still because of love, when he was young, he was the manager of the school basketball team.
Managing teams is different from managing Microsoft. There is no need to be vigilant at all times. Don’t worry if every investment can maximize profits. Ballmer has a hope for fast ships: “Popular People invest in the capital market and always expect to appreciate. However, I don’t plan to sell my team now, and I don’t think about making money to make money. I want to have some fun, which means we have to hit the championship. “
Roman Abramovich: Appear in the right place at the right time
By contrast, Abu’s goal as a Chelsea boss seems to be less pure. In addition to love football and business investment, there seems to be a bit of selfishness: stay away from the political whirlpool of Russia and become a “Real” British.
Abramovich’s legendary experience of getting rich may be known to many people. At the age of 29, relying on the special relationship with Russia’s first first Fleizezovsky, Abramovich became the guest of the then Russian President Boris Yeltsin; and in the privatization wave of the Soviet Union’s disintegration, he bought a large amount from the government. A large number of assets have successively controlled 80% of Russia’s fifth largest oil company, Siberian Oil Company, half of Rusal’s shares, 26% of Aeroflot, and 25% of Russian International Film and Television. In addition, he also bought nearly half of Russell’s shares in the world’s second largest aluminum production plant. At this point, Abu is almost involved in every industrial sector in Russia.
After Putin came to power, he began to end the Russian oligarchy. In this period, the more wealth, the more trouble, the Abu, who accumulated a lot of capital, came to the idea of leaving Russia at this time.
In 2003, Abu sold the shares of the famous oil company and aluminum company, and bought the Chelsea club after earning $3 billion. This became a new business card for him to open the door to Europe. After becoming the owner of Chelsea, Abu Hood’s $140 million was thrown back.Clear Chelsea’s debt, high salary to dig the Manchester United CEO, with a $ 220 million network of big-name players, a debt-ridden football club into a luxury team worth billions of dollars.
The team quickly impressed the team after they changed hands. They won the first time at Anfield Stadium in the 11 seasons since the Premier League started. In the following years, Chelsea also scored with Abu’s financial support. After all, “His team has a world-class forward, a first-class midfielder and a first-class CEO.” So every time the home game, his fans will shout “We are fucking loaded” (our fucking endless money).
Roman Abramovich
Today’s Abramovich is not just one of the Russian oligarchs. He is also a fan of Abu. According to reports, some fans have said that if Putin dared to treat him like Khodorkovsky. Abu, the fans all over the world will never agree… And this situation can be said that it was created by Abu. When he bought the business card of Chelsea and successfully knocked on the door of Europe, it would be better today. : Stay away from the political vortex in Moscow and become a “real” Englishman.
Dietrich Matt Hitz: Everything is for Red Bull
Compared with the previous ones, Dietrich Matt Hitz’s reasons for entering the sports circle have become more formal, after all, as the founder of the world’s largest functional beverage company. It’s hard to say that I haven’t played sports.
The current Matthews not only has a number of teams named after “Red Bull”, but his investment range is also involved in ice hockey, racing, extreme sports, e-sports and many other aspects. Whether investing in these industries in the name of the company or in their own name, Matt Hitz’s goal is clear: Let Red Bull appear in all sports events.
In the 1980s, it was the growth period of sports drinks and sports events. Many sports drinks are looking to sponsor sports events, or have their own sports teams, such as Gatorade and many American college sports teams to cooperate, Japan’s treasures also sponsor a large number of bodies