yournovel Chapter 141 Basketball Dream
Chapter 141 Basketball Dream
Chapter 141 Basketball Dream
March 30, 2009, morning.
The Texas sun always rises exceptionally early, and in the Presidential Suite of the Four Seasons Hotel Austin, pale golden rays of dawn had already crept up the windowpanes.
Jiang Yu woke up naturally from deep sleep, a skill he had honed during his intense business travels. No matter which time zone he was in, he could always wake up on time as long as he set his biological clock.
He opened his eyes, stared at the expensive crystal chandelier on the ceiling for three seconds, and then slowly sat up.
The room was very large, a full 100 square meters.
The documents discussed last night, the preliminary NBA research report to be discussed today, were still scattered on the coffee table in the living room.
His laptop lay quietly in the corner, its breathing light still flashing a pale blue light, indicating unread emails.
Jiang Yu walked barefoot on the soft Turkish carpet, went to the window, and drew back the curtains.
The mornings in Austin are beautiful.
The city was not yet fully awake, but the Colorado River in the distance was already shimmering with light.
Occasionally, people jogging in the morning pass by on the street, their steps light and rhythmic.
He did a few simple stretching exercises, a habit he learned from Liu Yifei.
At 7:40, he walked out of the bedroom.
Wang Wei was indeed already waiting in the living room.
She sat at a small round table by the window, a glass of freshly squeezed orange juice in front of her, sipping it slowly while quickly browsing her schedule on the computer.
"Good morning, boss." She looked up, adjusted her gold-rimmed glasses, and said, "Yao Ming's team has confirmed that the meeting will be at noon sharp at his private training facility. Former Rockets general manager Carroll Dawson has confirmed his attendance, and Yao Ming's American agent, Bill Duffy, and Chinese agent, Lu Hao, will also be there."
"Okay." Jiang Yu sat down opposite her, picked up the black coffee that had been prepared on the table, and took a sip; the temperature was just right, and the bitterness had a hint of fruity acidity, which was his favorite Colombian bean.
Wang Wei continued her report: "In addition, as you instructed, I have prepared four gifts: a set of custom-made golf clubs for Yao Ming, a bottle of 1995 Macallan whisky for Mr. Dawson, the year the Rockets won the championship; and limited edition Montblanc pens for the two agents."
"Very good." Jiang Yu nodded, secretly praising Wang Wei's thoughtfulness.
Gift-giving is an art; it requires sincerity without appearing contrived, and Wang Wei is very talented in this regard.
Breakfast was typical American: fried eggs, bacon, toast, and a large bowl of fresh fruit.
As Jiang Yu ate his breakfast, his thoughts drifted to today's meeting.
The NBA's investment plan had been brewing in his mind for a long time.
In my past life memories, the global commercial value of the NBA will grow exponentially over the next ten years.
Television broadcasting contracts have skyrocketed since 2016, driving up team valuations. The Golden State Warriors are poised to transform from an ordinary team into a dynasty valued at over $50 billion.
If you could have made your moves in 2009, it would undoubtedly have been the best time to buy at the bottom.
The problem is that the Golden State Warriors trade he remembers happened in 2010 and was worth $4.5 million.
It is now May 2009, more than a year before that transaction.
More importantly, it remains to be seen whether current owner Chris Cohan intends to sell the team.
"Boss, the convoy is ready." Chen Jingming pushed open the door and came in. He was wearing a light blue shirt and looked very energetic. "It's about 160 miles from Austin to Houston, a two-and-a-half-hour drive. We'll leave at eight o'clock and arrive at ten-thirty. We'll allow half an hour for a buffer time, just in time for the lunch meeting."
Jiang Yu glanced at his watch; it was 6:55.
"Please gather downstairs in twenty minutes."
At 8:00 a.m. sharp, a convoy of three black SUVs drove out of the Four Seasons Hotel Austin.
Leading the way was a modified Cadillac Escalade, carrying four security personnel; all were retired special forces members, highly experienced, and earning substantial annual salaries.
The car in the middle is Jiang Yu's vehicle, a Lincoln Navigator, which is spacious and comfortable, and the rear seats can be completely folded down to become a bed.
The last vehicle was a support vehicle, carrying Wang Wei and other staff members.
Chen Jingming sat in the passenger seat, holding a laptop in his hands, with a complex financial model displayed on the screen.
"Boss, I updated the NBA team valuation model last night." He turned around, his eyes behind his glasses gleaming with the focused light typical of an analyst. "Based on the latest financial data and league revenue projections, the five teams with the lowest valuations among the 30 NBA teams are: Charlotte Bobcats, Minnesota Timberwolves, Memphis Grizzlies, New Orleans Hornets, and Golden State Warriors."
Jiang Yu leaned back in his leather seat, watching the Texas landscape rushing past the window: vast plains, scattered ranches, and the occasional small town.
Everything here seems rugged and straightforward, just like the character of Texans.
"What is the Golden State Warriors' valuation?" He cut straight to the point.
Chen Jingming swiped the screen: "According to public financial reports and industry estimates, the Golden State Warriors are currently valued at between $3.8 million and $4.2 million, making them one of the lowest-valued teams in the league. Last season, they had a record of 29 wins and 53 losses, finishing last in the Pacific Division, with an attendance rate of only 75% of the league average."
"So cheap?" Jiang Yu raised an eyebrow.
"Yes. There are three main reasons: First, poor record, failing to make the playoffs for many consecutive years; second, the Oakland market is limited, and the television broadcasting contract is small; third, the arena is old, Oracle Arena was built in 1966, and the facilities are outdated; fourth, the current owner, Chris Cohan, is a poor manager, and is known by the local media as 'the stingiest owner in the entire league.'" Chen Jingming listed them off as if they were old friends.
Jiang Yu nodded; this information matched his memories from his previous life.
Chris Cohan is indeed a controversial figure. During his 16 years in charge of the Warriors, the team only made the playoffs once, and he was criticized by fans for a series of poor decisions.
"If I remember correctly," Jiang Yu said slowly, "Cohan bought the Warriors for $1.19 million in 1995, right?"
Chen Jingming was somewhat surprised: "Boss, you remember it very clearly. Yes, the transaction price in 1995 was 1.19 million. Fourteen years later, even if we calculate it at 4 million US dollars, the annualized return rate is only about 8%, which is far lower than the average appreciation level of NBA teams during the same period. This does not even include the annual operating losses."
The convoy drove onto Interstate 10, maintaining a steady speed of 75 miles per hour.
The view outside the window is starting to become monotonous, which is a good time for deep thinking.
"Profitability?" Jiang Yu asked.
"Last year we lost about $1200 million." Chen Jingming pulled up the detailed report. "In terms of revenue: ticket sales were $2800 million, but local broadcast contracts were only $800 million; the Los Angeles Lakers' local broadcast contracts are $5000 million per year, so the difference is huge."
The alliance received 3000 million, sponsorship revenue 1500 million, and other miscellaneous items 500 million, for a total revenue of approximately 8600 million.
He paused, then continued, "On the expenditure side: player salaries alone reached 7200 million; coaching and management team salaries were 700 million."
10 million; stadium operation and maintenance costs 10 million; travel, marketing, administration and other miscellaneous expenses 12 million. Total expenditures are approximately 98 million, with a net loss of 12 million.
Jiang Yu closed his eyes, his brain racing.
Buying an NBA team for $4 million and losing tens of millions of dollars every year is definitely not a good deal from a traditional investment perspective.
But Jiang Yu knew what the future held:
In 2010, the Warriors were acquired by Joe Lacob and Peter Guber for $4.5 million;
In 2012, they will select Klay Thompson and Draymond Green;
Steve Kerr will become head coach in 2014;
Then came the three championships in six years from 2015 to 2022, establishing a dynasty;
In 2023, the Warriors will be valued at over $70 billion, becoming one of the world's most valuable sports assets.
In fourteen years, the company grew from 4 million to 70 billion, a return of more than 17 times.
This doesn't even include the annual operating profits in between. With the team's improved performance and a new television broadcasting contract, the Warriors have been...
It will turn a profit starting in 2010, and by 2020, its annual profit will exceed $200 million.
"If we're going to buy," Jiang Yu opened his eyes, "isn't now the best time?"
Chen Jingming hesitated for a moment: "From a valuation perspective, yes. The financial crisis has put pressure on all asset prices, and sports teams are no exception. But I must remind you, boss, that investing in sports teams is completely different from investing in technology companies."
"How so?"
"The value growth of technology companies mainly relies on technological innovation and market expansion, while the value growth of sports teams depends on three factors: first, the overall commercial development of the league; second, the team's own performance; and third, the economic conditions of the market in which they operate," Chen Jingming analyzed carefully. "And all three of these factors are subject to considerable uncertainty."
Jiang Yu laughed: "So you don't recommend voting?"
"As a rational investor, I don't recommend it," Chen Jingming said frankly.
"So you think I might have seen something this time?" Jiang Yu continued the conversation.
Chen Jingming nodded: "I'm just curious, what exactly do you see in the Golden State Warriors? They're a terrible team right now, the arena is old, the fans are disappointed, and the stars don't want to come. Changing all this will require a huge investment and a long time."
Jiang Yu looked out the window and saw several longhorn cattle grazing leisurely on a pasture.
"I see a sleeping giant," he said softly. "In the right hands, it will awaken and shake the world."
Chen Jingming was stunned. He heard a rare certainty in Jiang Yu's tone, just like when he decided to buy at the bottom during the financial crisis.
It was an intuition that transcended data and analysis, a confidence that bordered on precognition.
Just then, Jiang Yu's phone rang.
The caller ID showed an unfamiliar American number.
Jiang Yu answered the phone and said in English, "Hello, this is Jiang Yu."
"Mr. Jiang! Welcome to Houston!" A loud, powerful voice came from the other end of the phone, speaking Mandarin with a distinct Shanghai accent. It was Yao Ming himself. "I heard you were coming, so I specially prepared barbecue! The best barbecue in Texas, I guarantee you won't find this taste in Los Angeles!"
Jiang Yu laughed and switched back to Chinese: "Brother Yao, no need to be so polite. I'm just here to learn from you, I want to understand the NBA."
Investment opportunities.
"We'll talk when you get here! I'll have my assistant text you the address. Oh, and I also invited a few friends: my agent Bill Duffy, and former Rockets general manager Carroll Dawson—both NBA veterans. Feel free to ask any questions you may have!"
"That's great, thank you, Brother Yao."
"Don't mention it! Dawson heard you were interested in NBA investment and he's really keen. He said he has some inside information to share," Yao Ming said in a low voice, mysteriously. "It's about the Golden State Warriors."
Jiang Yu's heart skipped a beat: "Oh?"
"It's not convenient to talk on the phone, let's meet in person! See you at noon!"
After hanging up the phone, Jiang Yu looked at Chen Jingming: "Dawson might have inside information about the Golden State Warriors."
Chen Jingming's eyes lit up: "That makes sense. Dawson worked for the Rockets for over twenty years and just retired last year. He has extensive connections in the league. If current owner Cohan really intends to sell the team, a seasoned veteran like Dawson would definitely hear about it."
"So we might not just be consulting today," Jiang Yu said thoughtfully, "maybe we're exploring a potential opportunity."
At 10:25 a.m., the convoy drove into a quiet, upscale neighborhood in the suburbs of Houston.
This area is northwest of Houston, about 20 miles from downtown, and is known for its spacious houses and good privacy.
Yao Ming's private training base is located here, covering more than 15 acres, equivalent to the size of eight standard football fields.
The car drove along the community roads, flanked by meticulously manicured lawns and mansions of various styles.
Occasionally, you can see basketball hoops standing in your driveway, reminding people that this is the basketball city, the home of the Houston Rockets.
"We've arrived," the driver said softly.
A discreet black wrought iron gate appeared ahead, with no markings on it, only a small camera on the gatepost.
The driver pressed the call button, gave his name, and the gate slowly opened.
As we drove into the base, the sight before us was breathtaking.
The first thing that catches the eye are two huge white buildings, which are clearly indoor training halls.
The buildings are connected by glass walkways, giving them a very modern feel.
On the left is a standard-sized football field. Yao Ming not only loves basketball, but is also very interested in American football.
To the right is a nine-hole golf driving range with meticulously manicured greens.
The most captivating area is the central section: a huge Texas-style grill is emitting wisps of smoke, and the rich aroma of roasted meat already fills the air.
Beside the oven, a giant over two meters and twenty feet tall stood there, smiling and waving at the convoy.
"That's Yao Ming," Chen Jingming said softly. No matter how many times he had seen him, the visual impact of such a height difference was always awe-inspiring.
The car came to a stop, and Jiang Yu got out.
The Texas sun was already quite strong in May, but the base was shaded by green trees, so it didn't feel hot.
Yao Ming strode over, each step appearing steady and powerful.
Even on vacation, he maintains the physique of an athlete, only with broader shoulders and a more mature and composed look on his face.
"Mr. Jiang! Welcome, welcome!" Yao Ming extended his large hand, and Jiang Yu shook it back. Yao Ming's hand almost completely enveloped Jiang Yu's, warm and strong. "Was the journey smooth?"
"Smooth sailing. Brother Yao, this place is really great." Jiang Yu looked around and sincerely praised.
"It's alright, mainly because I need to find something to do after my vacation," Yao Ming laughed heartily, leading everyone towards the barbecue area. "I'll train my physical fitness and play golf occasionally. By the way, I tried the set of clubs you gave me, they feel great! Let's play a game next time!"
"Then I need to practice beforehand, otherwise the gap will be too big," Jiang Yu said with a smile.
The two people are more than 60 centimeters apart in height, creating a peculiar sight when they walk together.
At 1.78 meters tall, Jiang Yu is considered tall among ordinary people. Next to Yao Ming, he looks like a boy who hasn't grown up yet.
The barbecue area has been set up, with a long wooden table set with exquisite tableware and chilled drinks.
Three people were sitting at the table, and they all stood up when they saw them coming over.
Yao Ming introduced them one by one: "This is Bill Duffy, my agent, and one of the top agents in the NBA. Bill Duffy is about fifty years old, with gray hair that is neatly combed. He is wearing a well-fitting casual suit, with a gentle smile and sharp eyes."
He extended his hand: "Mr. Jiang, I've heard so much about you. Your deal with Disney has shaken up all of North America."
"Mr. Duffy, you're too kind. I was just lucky." Jiang Yu shook hands with him.
"This is Lu Hao, my Chinese agent and a core member of Yao's team."
Lu Hao was in his early forties, wore gold-rimmed glasses, and looked more like a university professor than a sports agent.
He shook hands firmly: "Mr. Jiang, it's great to finally meet you in person. We've studied your investment cases many times and we admire you very much."
"You flatter me. Team Yao is the true benchmark for China's sports industry."
The last one is Carroll Dawson, the former general manager of the Rockets.
He looked to be in his sixties, wearing a retro Rockets jersey from the year they won the championship in 1994, which had faded a bit from washing, and sporting the hearty smile typical of Texans.
"Jiang, Yao Ming told me you're interested in NBA investment?" Dawson got straight to the point. "Then I'll have to have a good chat with you about it."
"I've only ever done one thing in my life: basketball. From scout to assistant coach, and then to general manager, I've spent a full twenty-five years with the Rockets."
"Then you are definitely an expert among experts," Jiang Yu said sincerely. "I will have to ask you a lot of questions today."
"Sure thing! Have a seat, the meat will be ready soon!" Dawson pointed to the busy figure by the grill. "That's Joe, the best barbecue chef in Houston, I specially invited him. Today we're having authentic Texas barbecue: brisket, ribs, sausages, with homemade sauce and ice-cold beer. Let me tell you, the barbecue at those fancy restaurants in Houston can't compare to this!"
Everyone laughed, and the atmosphere relaxed.
Yao Ming invited everyone to take their seats.
Jiang Yu was seated between Yao Ming and Dawson, Chen Jingming sat opposite him, and Wang Wei sat a little further away, ready to take notes without disturbing the conversation.
Chef Qiao served the first dish: thick-cut beef brisket, roasted for a full twelve hours, with a crispy outer skin and a tender, smoky flavor that made one's mouth water.
The side dishes included a traditional Texas cabbage salad, baked beans, and freshly baked cornbread.
"Come on, don't be shy!" Yao Ming personally cut a large piece for Jiang Yu. "It's so much more satisfying to eat it with your hands! In Texas, you'd be laughed at for eating barbecue with a knife and fork!"
Jiang Yu followed his example and picked up the piece of meat with his hand and took a bite.
"How is it?" Yao Ming looked at him expectantly.
"Amazing!" Jiang Yu gave a thumbs up. "Brother Yao, you're right, you really can't find this taste anywhere else."
Yao Ming smiled smugly, like a child showing off his favorite toy: "Right! Every time I come back from China, the first thing I do is come to Joe's place for barbecue! Cheers!"
Everyone raised their chilled local beer, Shiner Bock, Texas’s iconic beer.
The golden liquid shimmered in the sunlight, its foam delicate.
After a few sips of wine, the atmosphere became even more lively.
"Mr. Jiang," Bill Duffy wiped his hands and got to the point, "I heard from Yao Ming that you're interested in investing in NBA teams? And particularly interested in the Golden State Warriors?"
Jiang Yu nodded and put down his beer glass: "Yes. I believe the NBA is entering a new era of globalization, and the Chinese market will be the most important growth engine in this process. Owning a team, especially one that can be deeply connected with the Chinese market, would be a great strategic investment."
Dawson took a big bite of rib, chewing as he said, "Strategic investment...that's a good word. A lot of people buy teams for prestige, for fun, but you genuinely want to treat it as a business. That's good."
He took a sip of his beer and continued, "Then why did you choose the Warriors? They're the laughingstock of the league right now. Poor record, disappointed fans, and no star players want to go there."
Jiang Yu was prepared: "Several reasons. First, geographical location: the San Francisco Bay Area is one of the wealthiest regions in the United States, home to numerous tech companies and strong consumer spending power; second, market potential: although attendance is low now, that's because of poor performance. Once the team improves, the market will rebound quickly; third, Chinese element: San Francisco has one of the largest Chinese communities in the United States, naturally connecting it to the Chinese market; fourth, price: valuations are low now, making it a good time to buy."
Dawson and Duffy exchanged a glance; the young man had clearly done his homework and had a sharp eye.
"You're absolutely right." Dawson put down the bone and wiped his hands with a damp towel. "But what you don't know is that Chris..."
Cohan: He definitely wants to sell the team now. Not maybe, definitely.
Jiang Yu's heart skipped a beat, but he remained outwardly calm: "Oh? Inside information?"
"My last job before I retired was helping some Wall Street bosses evaluate acquisition targets," Dawson said in a low voice. "We considered the Warriors and did thorough due diligence. Cohan had been looking for buyers since 2006, but he couldn't get a deal because his asking price was too high. After the financial crisis, his asking price dropped, and now the problem is... no one dares to take over."
Why?
"Three major problems." Dawson held up three fingers. "First, the arena. Oracle Arena is too old; it needs at least 2..."
First, there's the issue of renovations. A renovation or a new arena would cost over $5 million. Second, there's the performance. Turning things around would require massive investment: buying star players, changing coaches, and rebuilding the system, which would cost hundreds of millions more. Third, there's Cohan himself. His reputation in the area is terrible; anyone taking over would need several years to repair their relationship with the fans and the community.
Duffy chimed in, "So the current situation is that Cohan is eager to sell, while rational buyers are all waiting and seeing. Unless..."
"Unless what?" Jiang Yu asked.
"Unless a buyer emerges who doesn't play by the rules," Duffy said meaningfully, "someone who can see long-term value, doesn't mind short-term losses, and has enough capital and patience."
The table was quiet for a few seconds, with only the crackling of charcoal in the oven.
Yao Ming broke the silence: "President Jiang, Dawson told us all this because he thinks you might be the one. But he needs to confirm whether you're serious or just asking casually."
All eyes were on Jiang Yu.
Jiang Yu put down his cornbread, leaned forward slightly, and said calmly but firmly, "If I said I was willing to pay $4 million in cash to buy the Golden State Warriors, and was prepared to invest another $5 million over the next five years in team building and a new arena, do you think Cohan would sell?"
Dawson gasped.
4 million in cash! More importantly, a commitment of 5 million in subsequent investments; this means that the new and old owners are not just playing around, but genuinely want to build the team into a championship-caliber powerhouse.
"Are you...are you serious?" Dawson's voice trembled slightly.
"I'm 5% serious," Jiang Yu said. "But I have three conditions: First, I want a controlling stake, at least 90% of the shares; second, the transaction must be completed before May 2010; and third, Yao Ming must join us after his retirement as a special advisor, responsible for developing the Asian market."
Yao Ming was stunned: "Me?"
"Yes, you." Jiang Yu looked at him. "Brother Yao, your connections in the NBA, your influence in China, and your understanding of basketball are invaluable. If you join, this team's development in the Chinese market will be much more efficient. And I believe you also want an NBA team that you're deeply involved in, right?"
Yao Ming's eyes flickered, and Jiang Yu knew he was right.
Although Yao Ming is still playing in the league, his age and injuries are taking their toll; if he could become a shareholder and manager of an NBA team, it would be a completely different stage and challenge.
"I need to...think about it," Yao Ming said cautiously.
"Of course." Jiang Yu nodded understandingly. "This is a major decision. But I can promise you: if you join, I will give you 5% of the shares, at 8% of the cost price. At the same time, you will be fully responsible for the team's Asian business, with your annual salary and profit sharing calculated separately."
A 5% stake, valued at 4 million, is worth $2000 million.
If the team can truly rise to prominence as Jiang Yu said, its future value could be several times or even ten times greater.
This is not just money, but also a trust and entrustment; Lu Hao was calculating quickly, his eyes growing brighter and brighter.
Dawson rubbed his hands together, looking excited: "Mr. Jiang, if you are truly sincere, I can act as a go-between. I've dealt with Cohen's lawyers before and know their bottom line. 400 million in cash, 90% of the shares... I think I'm 70% confident we can reach an agreement."
"Then I'll leave it to you." Jiang Yu raised his beer glass. "After this is done, you will be the team's senior advisor, with an annual salary of one million, plus trade bonuses."
Dawson laughed: "Money aside, I just want to see a team truly improve. I've spent half my life with the Rockets, and I know what a good owner means to a team. Cohan, he ruined a team with potential. If you can change that, I'd be happy to help."
"Cheers!"
"Cheers!"
Sunlight filtered through the leaves and fell on the dining table, while wisps of steam rose from the grilled meat, mingling with the malty aroma of beer.
At this moment, a partnership that could change NBA history was tentatively agreed upon over a barbecue lunch on an ordinary afternoon in Texas.
The conversation became more in-depth and specific over the next two hours.
Chef Joe then served honey-glazed ribs, smoked sausages, roasted chicken wings, and Texas-style chili cheese tortilla chips.
Everyone enjoyed their meal while discussing various aspects of the NBA.
Dawson shared more insider information: "The Warriors' biggest asset right now is actually their draft picks. They have the seventh pick this year, and they might still be in the lottery next year. If they draft the right players, they can rebuild in two or three years."
"The team has a few good young players: Monta Ellis, who has a strong scoring ability, but needs a good point guard to cooperate with him;
Stephen Curry? No, no, they're unlikely to draft Curry. He's projected to be in the top ten unless there's a trade.
"The entire coaching staff must be replaced. The current coach, Don Nelson, is too old, and the tactics are outdated. We need to find a young and energetic coach, preferably one who excels at offense."
Jiang Yu listened attentively, occasionally asking questions.
He knew in his heart that if everything went smoothly, the Warriors would use the seventh pick next year to select a skinny point guard named Stephen Curry.
Of course, this is all on the premise that none of the teams ahead of him will pick him.
If he were the owner, he could even try to trade up the draft picks to secure Curry.
As for the coach, they hired Mark Jackson in 2011 and replaced him with Steve Kerr in 2014.
He remembered both of these time points, so he could make arrangements in advance.
Yao Ming analyzed the situation from the perspective of the Chinese market: "If we buy the team, the first thing we'll do is organize a China game. We can have the Warriors and the Rockets play two preseason games in China, with Yao Ming versus Jiang Yu's team. That would be enough to generate buzz in the Chinese market."
"Developing merchandise is very important. There are hundreds of millions of basketball fans in China, but official NBA merchandise is too expensive. If we can control costs while ensuring quality, the jersey and souvenir market alone is worth billions."
"Youth training camps can be established. Select a group of promising young players in China, send them to the United States for training, and they will have the opportunity to enter the NBA in the future. This is not just a business, but also a contribution to Chinese basketball."
Jiang Yu nodded repeatedly; Yao Ming's ideas coincided with his own.
The sports industry is not just about making money, but also about cultural export and building soft power.
If an NBA team can promote basketball exchanges between China and the United States and cultivate Chinese basketball talent, then the significance far outweighs any economic benefits.
Bill Duffy, speaking from an agent's perspective, advised: "If the trade goes through, don't make any big moves in the first year. Observe first, understand the team culture, and build trust with the players and staff. Start rebuilding in the second year."
"Be cautious in the free agent market. Don't chase after big-name stars right away; they often demand high prices and may not fit the team's system. Start with role players and gradually build team basketball."
"Media relations are very important. Cohan has a terrible relationship with the local media, and you need to fix that. Open training sessions regularly, organize community events, and let the fans feel the change in the team."
Chen Jingming quickly jotted down key points, occasionally interjecting with financial advice: "If we invest 5 million to build a new arena, we could consider partnering with the government to negotiate tax breaks and land concessions. The San Francisco city government has always wanted to revitalize certain areas, and sports stadiums are a great catalyst."
"The team's revenue structure needs to be optimized. In addition to tickets and broadcasting rights, we need to develop premium boxes, catering franchises, and stadium naming rights. Modern sports stadiums are no longer just simple playing venues, but comprehensive entertainment centers."
"The broadcasting rights in China can be negotiated separately. Currently, the NBA's broadcasting rights in China are sold as a package, but if the Warriors have special appeal, we can negotiate for a higher revenue share."
Wang Wei silently calculated the timeline and to-do list:
If the intention is confirmed today, preliminary due diligence can begin next week.
The financial model and investment plan should be completed by the end of July.
I started contacting the Kohan team in August.
If all goes well, a letter of intent will be signed before the end of the year.
The transaction is expected to be completed in the first quarter of next year.
She glanced at Jiang Yu. The boss always seemed to be like this, handling heavy tasks with ease, advancing on multiple fronts simultaneously, and always managing to seize the most crucial opportunities.
At 2 p.m., the barbecue feast was coming to an end.
Everyone ate to their heart's content, and the table was piled high with bones and empty plates.
Chef Joe served the final dessert: Texas pecan pie with vanilla ice cream.
"This is my wife's secret recipe," Joe said proudly. "The best pecan pie in all of Houston."
It was indeed delicious.
The pie crust is crispy, the filling is sweet but not cloying, the pecans are roasted to a crispy perfection, and the coolness of the ice cream balances the sweetness, making for a perfect ending.
Yao Ming leaned back in his chair, patted his belly, and sighed contentedly: "Every time I eat Joe's barbecue, I feel like gaining ten pounds is worth it."
Everyone laughed.
Dawson glanced at his watch. "Mr. Jiang, I have an appointment this afternoon, so I have to go now. I will seriously consider your proposal and give you an answer by next week at the latest."
"Thank you, Mr. Dawson. I look forward to hearing good news from you."
Dawson stood up, shook hands with everyone, and finally patted Jiang Yu on the shoulder: "Young man, I have high hopes for you. The NBA needs fresh blood, and it needs owners who truly love basketball. If you really buy the Warriors, remember to call me. I want to see with my own eyes how a team can be reborn."
"must."
Bill Duffy and Lu Hao also got up to say goodbye.
Duffy left his business card: "Please feel free to contact me if you need anything. I've been in the NBA for decades and know everyone. And... I look forward to working with you."
After the three left, only Jiang Yu, Yao Ming, Chen Jingming, and Wang Wei remained at the table.
The afternoon sun was softer, and a gentle breeze carried the scent of grass from the distant golf driving range.
Several young players finished training and waved to Yao Ming as they passed by.
"Those are the kids from my training camp," Yao Ming explained. "Some are from China, and some are from the United States. I teach them skills, but more importantly, I teach them how to handle pressure and how to become professional players."
Looking at those energetic faces, Jiang Yu suddenly remembered something: "Brother Yao, if I really buy the Warriors, would you be interested in becoming their general manager?"
Yao Ming was stunned: "Me? General Manager?"
"Yes. It's not uncommon for general managers to be former players in the NBA. Jordan with the Bobcats, Bird with the Pacers, they both did very well. And you have an advantage over them. You understand the basketball culture in both China and the US, know how to manage players, and have extensive connections in the league. Most importantly, you love basketball and you're intelligent."
Yao Ming fell silent. He picked up his beer glass, stared at the golden liquid inside, and remained silent for a long time.
Jiang Yu knew he was seriously considering it, so he continued, "No rush, you can take your time thinking about it. And even if you don't become the general manager, you can still participate in decision-making as a special advisor. I just feel that your talents shouldn't be limited to playing basketball and commercial endorsements. The NBA's management needs Chinese people like you."
"I will seriously consider it," Yao Ming finally spoke, his voice somewhat low. "But this is no small matter. If I agree, it means I have to move my family to San Francisco and dedicate all my time and energy to it. And... to be honest, I'm a little afraid of failure."
"It's normal to be afraid," Jiang Yu said understandingly. "But think about it, if you can help a bottom-ranked team become a champion, what a legendary story that would be! It might be even more meaningful than your achievements as a player."
Yao Ming raised his head, his eyes sparkling.
Yes, he achieved the pinnacle during his playing career; All-Star, All-NBA Team, Basketball Hall of Fame.
If, as a manager, you can build a championship team, that would be a whole new level of achievement.
"Give me some time," Yao Ming said. "I'll give you an answer after next season."
"it is good."
At 3 p.m., Jiang Yu and his group bid farewell to Yao Ming and drove back to downtown Houston.
As soon as the car left the training base, Jiang Yu's phone rang.
He glanced at the caller ID and a smile involuntarily crept onto his face.
Chen Jingming saw his boss's expression in the rearview mirror and understood; there was probably only one person in the whole world who could make his boss smile like that.
Jiang Yu answered the phone, her voice gentle: "Feeding? Qianqian?"
"Jiang Yu! Where are you?" Liu Yifei's light and melodious voice came from the other end of the phone, with faint French announcements in the background and the noise unique to the airport.
"I'm in Houston, just finished having dinner with Yao Ming. What about you? Judging from the background, you seem to be at the airport?"
"Yes! I'm at Charles de Gaulle Airport, just landed in Paris!" Liu Yifei's voice was filled with excitement. "The crew is moving locations today, everyone's here. Director Luc said we'd have two days off to adjust to the time difference. When are you coming?"
Jiang Yu glanced at the schedule: "My flight is tomorrow morning, arriving in Paris tonight."
"Great! I'll come pick you up!" Liu Yifei said happily, "I have an international driver's license!"
Jiang Yu laughed: "No need for that trouble, I'll just take a taxi. You just got off the plane, get some rest."
"No! I want to pick you up!" Liu Yifei's coquettish tone softened Jiang Yu's heart. "Besides... my dad also wants to meet you. He said we should have dinner together tomorrow night."
Jiang Yu's heart tightened: "Your father? In Paris?"
"Yes, my dad is the director of the Confucius Institute in Paris. He's been working in Paris for almost ten years." Liu Yifei's voice softened. "Although he and my mom are divorced, he's very good to me. He heard I'm dating someone and wants to meet you."
She paused, then lowered her voice even further: "You...you're not nervous, are you?"
Jiang Yu smiled wryly: "To be honest, it's a bit... My first time meeting my future father-in-law, and it's in your father's home turf, Paris..."
"Don't be nervous! My dad is a very nice person!" Liu Yifei quickly reassured him, "And..."
She lowered her voice, as if sharing a secret, "He said he knows your mother!"
"What?" Jiang Yu was genuinely surprised this time.
"Really! He said they're all from the Wuhan education system. I don't know them well, but I've heard of them. What a small world, isn't it?"
Jiang Yu really didn't expect this.
In his previous life, he had no connection with Liu Yifei, so he naturally didn't know about these complicated relationships.
In this life... it seems that many connections are being made in unexpected ways.
"Then we need to prepare even better," he said.
"Don't worry, I'm here!" Liu Yifei said confidently. "Oh, by the way, I have a younger sister, my half-sister, named An Jialin, she's 10 years old and also in Paris. We're having dinner together tomorrow night; she said she wants to meet the legendary 'brother-in-law'."
Jiang Yu was both amused and exasperated: "Brother-in-law? That's way too fast!"
"He's just a kid, he calls me whatever he wants. Don't mind him," Liu Yifei laughed, then the airport announcement came over the loudspeaker, "Okay, I'm going to get my luggage. My assistant is waiting for me. See you tomorrow! Remember me!"
"all the time."
After hanging up the phone, Jiang Yu leaned back in his seat and let out a long sigh.
Chen Jingming turned around and asked cautiously, "Boss, are we here to see Miss Liu's father?"
"Yes, in Paris. Her father is the director of the Confucius Institute."
Wang Wei immediately switched into work mode: "Should we prepare a gift? French red wine? Or Chinese tea? Or... does Dean An have any particular preferences?"
"Let's prepare some of everything." Jiang Yu rubbed his temples. "We'll buy the red wine in France, and we'll bring some tea from China."
Also... could you please help me look up information about the Confucius Institute in Paris, and also about Director An? The more detailed the better.
"Okay, I'll check right away." Wang Wei opened her laptop.
Chen Jingming laughed and said, "Boss, you've passed the first hurdle. But with your qualifications, it shouldn't be a problem."
Jiang Yu shook his head: "It's not a matter of conditions. It's a matter of sincerity. Yi Fei's family situation is special. Her parents are divorced, and she grew up with her mother, but she also has a good relationship with her father. We need to be extra careful about how we conduct ourselves during this kind of meeting."
He looked out the window to see his parents, which made him even more nervous than negotiating with Disney.
When dealing with business rivals, he knows the rules of the game, as well as each other's bottom lines and demands.
Meeting elders, especially the elders of a loved one, is a completely different matter.
"Boss," Wang Wei suddenly said, "I found it. An Shaokang, born in 1952, is from Wuhan. He graduated from the French Department of Wuhan University... He has served as the director of the Confucius Institute in Paris since 2008 and has received the French government's Order of Academic Palms. His academic expertise is the history of Sino-French cultural exchange and comparative literature."
"What about the Confucius Institute?"
"The Confucius Institute in Paris was founded in 2005 and is one of the largest Confucius Institutes in Europe, with more than 2,000 students. In addition to teaching Chinese, it also frequently holds Chinese cultural events and has a great influence in the French academic community."
Wang Wei quickly browsed through the information. "Dean An himself has a very high reputation in the French Sinology community and has collaborative projects with Sciences Po, Sorbonne University, and others."
Jiang Yu nodded, understanding the situation.
For academics and cultural figures, the focus of the conversation is not commercial success, but cultural understanding and value alignment.
"Let's prepare tea and calligraphy/painting as gifts," he decided. "I'll bring some pre-Qingming Longjing tea from China, and also buy a contemporary ink painting. I'll also prepare a bottle of red wine, nothing too expensive, so it doesn't seem too deliberate."
"Understood." Wang Wei wrote it down.
Chen Jingming interjected, "Boss, when do we officially begin contacting the NBA?"
Jiang Yu pulled himself back to the business topic: "Wait for Dawson's news. If he confirms Cohan is willing to talk, we'll assemble a negotiation team. Remember, this must be kept absolutely secret. No media outlets can know about it until the deal is finalized."
"Understood. What about Yao Ming..."
"Give him time. This is a major decision, and we can't rush it," Jiang Yu said. "We can start preparing some cooperation plans, such as specific plans for developing the Chinese market and the operating model of the youth training camp. Once he decides to join, we can act immediately."
The car pulled into the hotel parking lot. We're only staying in Houston for one night; we're flying to Paris tomorrow.
Back in the suite, Jiang Yu told Chen Jingming and Wang Wei to go and rest.
This city is a household name in China because of Yao Ming.
In his previous life, as an ordinary person, he could only watch the NBA on TV and cheer for the Warriors' championship wins.
In this life, however, he might become the owner of that team and decide its fate.
My phone vibrated; it was a text message from Liu Yifei: "Arrived at the hotel! It's raining in Paris today, but it's still beautiful. Miss you. See you tomorrow! (heart)"
Jiang Yu smiled and replied, "Get some rest and adjust to the time difference. See you tomorrow. I miss you too."
Then he sent another message: "By the way, could you ask your dad what kind of tea he likes? Also, what does your sister like? It's our first time meeting, and I'd like to bring them gifts."
A few minutes later, a reply came: "Dad said we don't need to bring gifts, just come. I'll let you in on a secret, his favorite is Pu'er tea, especially ripe Pu'er. My little sister likes panda plush toys, and she said she wants the biggest one! (smiley face)"
Jiang Yu felt a warmth in his heart. Liu Yifei was always like this, thoughtful and considerate.
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