Chapter 46: Boss Joe on the Road to Nowhere (4.2K month)(2/2)
In the conference room, Boss Qiao sat in the middle seat with an ugly expression. Although Robert Johnson was standing, his momentum was quite terrifying.
"This is the result of accounting firms' calculations. In 2007, we lost a total of $13 million!"
Boss Qiao said calmly: "You are too anxious, Robert."
Indeed, in Boss Joe's opinion, Robert Johnson started to make noise after only one and a half seasons, and it was really too anxious.
"Want? Michael, don't you know what it means to lose $13 million in an annual amount?"
Charlotte's football market has not been very good since the Hornets' period. The reason why the Hornets moved away from Charlotte was also a loss. In two seasons, they lost $37 million.
Now, the bobcats are going to follow the old path of wasps again.
No, I can’t even go through the old path, because the Bobcats team was formed by the league to compensate Charlotte. This year is the fourth season, so I just want to go through it? There is no way to go!
Therefore, the Bobcat's losses will only become more and more serious, so serious that it cannot support it.
In fact, in Li Ke's previous life, Robert Johnson sold 70% of the shares to Boss Qiao at a loss of $20 million. Boss Qiao also relied on his own financial resources to support him for several years. After the league's broadcast share rose sharply, he slowed down.
Faced with Robert Johnson's questioning, Boss Jo hesitated for a moment: "I will make up for the lost money."
Robert Johnson sneered: "You make up for it, no problem. Is it up for you to make up for the depreciation of the team's market value?"
Boss Qiao stopped talking and asked me to make up for the depreciation of the market value. Then wouldn’t I become a big fool?
"You don't have to explain anything anymore. Michael, you still have two ways to go now."
"One is that I withdraw the stock..."
Boss Joe was about to interrupt Robert Johnson and said: I'll buy it!
Robert Johnson didn't give him a chance, and made a turn: "But I will never sell it to you. You are not the only consortium that wants this 70% equity. Do you still remember the former Rockets president who came with me last time? He is one of the potential buyers."
Boss Qiao panicked, and he panicked again.
Robert Johnson began to be angry. He must not choose the first path. As long as he chooses, his management rights will inevitably be lost.
After all, it is impossible for the former Rockets president or the potential Larry Bird to give the operation rights to Lao Qiao anymore.
Boss Qiao can only listen to the second one.
"The second thing, I'll give you half a season. I'll see the team make the playoffs, no matter what method I use."
The playoffs, how easy it is...
But Boss Joe can understand Robert Johnson that even if you only play one round, bonuses, tickets, and broadcast fees, can help the Bobcats reduce their losses to negligible levels.
Of course, more importantly, the market value of the Bobcats will rise sharply due to a playoff.
"The first one, I want to choose, but you have to sell it to me. I am willing to buy 70% of your equity at a higher price than the market value."
Boss Joe still chose the first one first, but Robert Johnson directly refused: "That's impossible, Michael."
"Okay, then the second one, see you in half a season!"
Chapter completed!