Two years ago, he bought the Nets for more than 3 billion, how much money can Tsai Chongxin make now

Two years ago, he bought the Nets for more than 3 billion, how much money can Tsai Chongxin make now? Unbelievable! In 2019, the news that Tsai Chongxin spent 100 million to buy the NBA Nets is talking, so how much money has he made after more than 2 years? The results were incredible.

Tsai Chongxin is a Chinese-Canadian born in Taiwan and one of the founders of Alibaba. He has always followed the NBA game and loves basketball very much. Since buying the Nets in 2019, Tsai Chongxin has made hundreds of millions of dollars.

And the Nets are also under the management of Tsai Chongxin, and in just two years, they have squeezed into the top 4 of the NBA team rankings.

In fact, the Nets two years ago were not what they are now, and after Tsai Chongxin took over the Nets, he was committed to turning the Nets into a top basketball team. He signed the injured Durant with a big contract, and then Irving and Jordan Jr. joined one after another, which made the Nets develop to where they are today. And Harden also came to the Nets because of Durant, who rejected the Rockets' annual salary of $50 million.

Since then, Durant, the bearded golfer and Uncle Drew have formed the Nets' top three. The combination of the three has also made the Nets the most popular team in the league and is expected to reach the top in the new season. While the Big Three's salary is a huge expense, so is the NBA's broadcast share and the revenue from merchandise.

According to the latest NBA league team market value rankings, the Nets' status has changed dramatically, breaking into the top three in one fell swoop. If the Nets can win the championship in the new season, there is no doubt that the Nets' market value will be brilliant again.

A new era for the Nets is coming. The discerning Tsai Chongxin has made 100 million dollars in just two years, which is really unbelievable, and he can make money while sticking to his hobby, how can this not be envied? Finally, I wish the Nets Big Three more and more courage in the new season, and finally win the championship!

Cai Chongxin can earn at least 6 billion every year, and now the various qualities of the Nets team also need to be improved, and the various qualities of the players are also very good. This team is very promising.

Now Tsai Chongxin can make hundreds of millions of dollars. Joe Tsai has a good investment vision. The Nets are very valuable these days.

Why did Joe Tsai buy the Nets? How much money did he make in the three years he invested in the Nets? What kind of person is Joe Tsai?

Tsai Chongxin was born in Taiwan Province, China in 1964, his grandfather once served as Du Yuesheng's chief lawyer, because he was influenced by business since he was a child and excellent genes, Tsai Chongxin is very sensitive to investment, after getting a double degree in law and economics from Yale University, Tsai Chongxin just graduated with an annual salary of 700,000 US dollars. In 1999, Tsai Chongxin was infected by Jack Ma's speech, and Tsai Chongxin, who loves challenges, gave up the high salary in the United States and chose to become Alibaba's 18 Arhats. According to Alibaba's shareholding ratio, Tsai Chongxin currently holds 10% of the shares, and when Alibaba's stock price hit new highs, Tsai Chongxin gradually became the world's top richest man.

In 2018, Tsai Chongxin spent 100 million to buy the Nets at the hands of former Nets owner Prokhorov, and the transaction volume of 100 million yuan also became the highest record in the NBA. Some people say that Boss Cai bought the Nets just to fulfill his dream. In fact, this is only part of it, as a top businessman, Tsai Chongxin values the market behind the blockade.

A reference can be made here. Prokhorov, the Nets' former owner, spent $800 million on the blocker. For the sake of tickets, Prokhorov did not hesitate to spend a lot of money to sign the twilight Garnett and Pierce and others, although the record was a mess, but the market value of the Nets increased several times.

From 800 million to 2 billion, this is clearly a successful investment.

But since Tsai Chongxin took over, this matter may not be so optimistic. Since 2020, the new crown has spread rapidly around the world, and spectators have not been able to attend the game for a long time, due to the impact of the general environment, advertisers' budgets have been reduced, and teams can only make ends meet. When the epidemic improved slightly, Boss Cai formed a super team led by Durant, Irving, and Harden for the influence of the team, but what Boss Cai didn't expect was that Irving would be absent for a long time for various reasons, and Harden was helplessly sent away by the team after playing for half a season.

According to statistics, the Nets' operating income last season was 100 million US dollars, and after deducting operating costs, it was only a meager profit of tens of millions of US dollars, which is really a drop in the bucket for Boss Cai's billions of investment. At present, the Nets are in a very awkward situation, and although Boss Cai's investment cannot be described as a failure, it is certainly not a success. Finally, do you think the Nets still have a chance to win the championship?

Because the Nets are very strong, and they are all very good basketball players, they will show their best strength in the game, their shooting ability is also very strong, their defensive ability is also very strong, and they have won many honors, so Tsai Chongxin wants to buy the Nets, and the team has earned him billions.

Because by acquiring the Nets, you can get more revenue, you can get more attention, you can attract fans. At least he earned more than 500 million for him, because the team has received a lot of attention, and every athlete in the team has a high commercial value.

Because he feels that the acquisition of Blue Net can make him have better development and better income. The team earned him $3.5 billion.

The traitor doesn't just go to the pension in a foreign country, he still earns money

Isn't this nonsense? It's not about making money.

If you only look at it from the market capitalization, the Brooklyn Nets now rank fourth in the NBA, worth $3.4 billion, when Tsai Chongxin first spent 900 million to buy 49% of the Nets' equity in 2018, and then spent 100 million to realize all the ownership of the Nets in the second year, a total of 100 million US dollars were spent, even if it was later spent 900 million US dollars to buy the Barclays Center, the home of the Nets, it was only 100 million US dollars, far from reaching 24.5 billion, even if the RMB is not enough, if it is sold now, Tsai Chongxin can definitely make money, because the market value does not represent the actual transaction**, so there will be a premium, and he can make at least $1 billion.

If you want to calculate how much income Tsai Chongxin has after owning the Nets, first look at his place, an NBA team, the biggest expenditure is the salary of the team's players, the Nets' lineup is very luxurious, and the salaries of the Big Three are also the top salary, Harden is 41.25 million US dollars, Durant is 40.1 million US dollars, Irving also has 33.32 million, the three of them add up to more than 100 million US dollars, and then count other players, the total salary exceeds 100 million US dollars, and the NBA's current luxury tax threshold is 100 million US dollars, As a result, the Nets would have to pay a lot of luxury tax, plus staff expenses, which would cost more than $200 million.

But if there is expenditure, there will be income, first of all, the income from TV broadcasting, which is an important part of the income of NBA teams**, the broadcast income in the United States alone is 2.6 billion US dollars, and in addition to the broadcast income of other countries, each team can get a lot of broadcast fees. In addition to the huge broadcast dividends, advertising revenue is also a large amount of income, in addition to this part of the income, the biggest income is some commercial cooperation, the NBA is a commercial league, which can attract a lot of advertisers to cooperate, especially some large sports brands, and the NBA's team cooperation is very close, which is a lot of income for the team, in addition to the NBA's jersey sales are also a big economy**, the Nets' three Irving, Harden and Durant have many fans, jersey sales are naturally not small, which can also bring a lot of income.

The last part is the income from tickets, and the Barclays Center, the home of the Nets, was bought by Joe Tsai, in addition to being used for games, it can also be used for concerts or some activities, and the income brought is not low, but because of the epidemic, this part of the income has been greatly affected, but under normal circumstances, it is still a lot.

Because the value of NBA teams is getting higher and higher, especially after Ballmer became the owner of the Clippers, the value of NBA teams has risen, and the Nets in the big city of New York, although the current value cannot be compared with the New York Knicks, but if they can successfully win the championship, they will naturally increase a lot of fans, and the team's market value will be further increased.

So in general, although Tsai Chongxin spent a lot of money to buy the Nets, he must have made money, as for how much he earned, it must be an astronomical amount, but for him, wealth is already a number, and for the love of basketball, he will not be the first team in a short time.

Tsai Chongxin spent a total of $3.5 billion to acquire the Nets, and the latest team market value has also been announced! The total valuation of the 30 teams has reached $71 billion, of which the Nets have a market value of $3.4 billion, which is only slightly lower than the three old powerhouses of the Knicks, Lakers, and Warriors! However, this market value is only the team's shares, not the stadium!

In other words, if Tsai Chongxin sells the Nets now, then he will make a net profit of a Barclays Center, which is almost $1 billion!

The Nets' value has soared to tens of billions of dollars this year, and now selling it can make at least billions of dollars.

Now that the Nets are developing more and more, and more and more people are devoting themselves to this industry, the Nets are becoming more and more valuable, and he can make at least five times more money by selling it now, and it will be more valuable in the future.

Theoretically, it was earned, but in fact, no one took it, and it couldn't be sold

It should be able to double because the Nets are worth a lot of money right now and there are a lot of heavyweights, so they can make a lot of money.

Tsai Chongxin is a wealthy man in China, a very successful entrepreneur, and a very investment visionary.

Joe Tsai is one of the founders of Alibaba and Jack Ma's right-hand man.

He is one of the investors of Alibaba, and he is a very capable businessman, so he has a lot of money.

According to Bloomberg, Tsai Chongxin bought the entire Nets and Barclays Center, spending a total of $3.5 billion, including $100 million for the team and $100 million for the court. Tsai is already worth $10.8 billion, and the total cost of buying the Nets is 32% of his net worth.

Introduction to Joe Tsai. Originally from Nanxun District, Huzhou City, Zhejiang Province, he was born in Taiwan Province, China. He is a Chinese Canadian.

He holds Ph.D. degrees in economics and law from Yale University and is one of the founders of Alibaba Group. He is currently the Executive Vice Chairman of Alibaba Group and a member of the NBA China Board of Directors. In the early days of Alibaba's establishment, Tsai Chongxin gave up his investment job with an annual salary of 700,000 yuan and went all the way to Jack Ma with a monthly salary of 500 yuan.

Jack Ma is very bullish. He can convince Tsai Chongxin to fight with him. Tsai Chongxin is also very bullish.

He has a great eye for people.

In Manrique's words, the package purchase price of 3.5 billion is enough to make any professional team in the world feel inferior to the resale**. The previous record was the $2.2 billion acquisition record held by the NFL Panthers and Houston Rockets together. In addition to the Nets + Barclays Center, Tsai currently controls the franchises of the New York Liberty, G League, and WNBA NBA 2K League.

He is one of the de facto owners and his sports assets are located throughout New York, Indiana, Minnesota, and Washington State. Tsai is also a member of the board of directors of the NBA China. Manrique bluntly says that he is already the most powerful boss in the league!

What are the most immediate benefits of buying the Nets and Barclays Center? Quite simply, when the New York Liberty played against the Seattle Storm last week, they moved from Westchester County to the Barclays Center to play, attracting more than 7,000 fans** to the game, which is 4 times the attendance of the previous one! Tsai Chongxin has the final say, because this is his entire asset.

Manrick feels the Nets managed to bring in Irving and Durant this summer to get Jordan. The future of the Nets is promising. Even if Durant may not be able to play in the new season, Tsai Chongxin really voted a golden basin!

Nets owner Joe Tsai is the co-founder of Alibaba and the group's chief financial officer, owning a certain percentage of Alibaba shares, and he is worth tens of billions of dollars.

Joe Tsai is one of Alibaba's permanent partners. His stake in Alibaba is second only to Jack Ma. According to Alibaba's market capitalization, Tsai's net worth is about $10 billion.

There are more than 100 billion, because he is one of the shareholders of Alibaba, and there are many industries, so he is very rich.

With personal assets of 9.7 billion, his family is very rich, and his company's business is developing very well, and he is a typical successful person.

In 19, owner Joe Tsai spent 100 million to buy the NBA Nets. At the time, many people thought it was crazy, even unbelievable, and doubted that Tsai would succeed. Although he is Canadian, he is Chinese after all. Is it really profitable to invest in NBA teams?

But then things became much simpler, and everyone's doubts were broken. He only won the Nets for 100 million yuan a year ago and made a full bag of money. It's even unbelievable.

Although the NBA makes money, there are not many people who can reach the level of Boss Cai. Of course, this is also because the development of the NBA has entered a period of rapid profitability. The timing of Tsai's purchase of the Nets was just right, and with the value of the whole league, the team also rose.

Of course, buying an NBA team isn't that simple. Starting in 2017, Tsai Chongxin spent two years laying out the Nets, and in 2019, it took two years to gain control of the team. During this period, China's wealthy spent a total of 100 million dollars.

The investment of $1.1 billion in 2017 and an additional $2.4 billion two years later is very bold. Although it has always been said that the first person to eat crabs eats the best, it was the NBA, not the CBA, and Tsai's boldness has also won him high returns.

In fact, the Nets before Tsai Chongxin were not like this, and the team did not have any superstars. It wasn't until he officially bought the Nets in 2019 that you saw Durant, Irving, Jordan join, and a week ago you saw Harden join. These are all things that Tsai did after he really took control of the Nets, which is why he is loved and supported by Nets fans.

He 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 big investment.

The Nets also gained value after acquiring Joe Tsai.

According to the latest NBA league team market value rankings, the Nets have changed dramatically, from obscurity to bravery, and Tsai's superstar has chosen the right path. Durant, Irving, Jordan, Harden, these people have enriched the volleyball team of the basketball club, and they are all champions in recent years.

The Nets are ranked fourth in the latest NBA league value rankings, with only the Knicks ($5.4 billion), Warriors ($5.2 billion), and Lakers ($5.1 billion) better than him. The Nets are in fourth place with a market cap of $34.

The $3.4 billion market value you said is correct, so why is Tsai Chongxin making money? Because part of the money given to the Nets ($100 million) is a fixed purchase, that is, the Nets' home court, all the equipment and a series of brands derived from the team (the value of Brooklyn's fixed assets will not change much). In fact, Tsai only spent $100 million to buy the team, so this year the Chinese-Canadian billionaire made a full $100 million.

I think everyone wants to do this kind of business, but Tsai Chongxin's investment vision is really strong. From the layout in 2017 to 2019**, every step is very stable. Even if all the acquisition funds are counted together, Tsai Chongxin is not losing money now, so the first crab he ate in the NBA was really fragrant.