Witness of the film and television world

Chapter 101 The World Has Never Revolved Around One Person

"Boss, I don't suggest you build an arena as the home of the Lakers."

"Leasing is the best option as far as the current situation is concerned."

Peyton: "Huh?"

"Boss, this is not a profitable investment, or in other words, this is an investment that does not get an equivalent return at all."

"According to the statistics of gymnasiums in the last three years, nearly 34% of the arenas are idle in one year, and less than 65% of the gymnasiums can make a profit. Among them, rugby and baseball are the main ones..."

"As for basketball, there is currently no profitable team that relies entirely on it."

"Of course, if you are the boss, you intend to use this to enter the sports business on a large scale, buy a football team, or a baseball team, this business still needs to be done."

Hearing what the investment consultant said, Payton also made a judgment in his heart.

Going into football, baseball?
Payton never thought of it, he didn't understand the industry at all.

Also not interested in these two industries.

Even, his two older brothers, who are closest to this industry, have now invested in the development and construction of the second-hand book market.

However, his own consultant said it well, and the development of the sports industry in the federation is very mediocre now.

Except for football and baseball, the rest of the sports leagues are cool, such as the ice hockey league, which is better than basketball, but not much better.

The establishment of the NBA league was a group of owners who opened ice hockey stadiums. In order to make full use of the stadium and make up for losses, it was initiated by the owner of Boston Garden and jointly established by the owners of eleven other ice hockey stadiums and gymnasiums.

In order to make full use of the gymnasium, they even jointly established a sports league, hoping to maintain the gymnasium. It is conceivable that this business is not easy to do.

As the financial consultant said, it is almost impossible to make a profit purely by basketball in this day and age.

Most of these NBA teams now share the stadium with other ice hockey teams.

A large gymnasium, from construction to completion, must have invested more than [-] million yuan. It cannot be said that this money will definitely be wasted, but it is indeed not worthwhile to use it here.

As for the consideration of gains and losses in real estate, we have to wait until the Year of the Monkey is over, and how can we compare with Japan?

An NBA team is only worth hundreds of thousands of dollars, so it is absolutely impulsive to build a stadium worth tens of millions of dollars.

A big toy worth hundreds of thousands, and a big toy worth tens of millions are not a concept at all. If it is the latter, even Peyton will feel distressed.

Peyton's restless heart gradually calmed down and made some judgments.

"Okay, let me think for a while."

"Yes."

As if hearing the calmness in Peyton's tone, the consultant hung up the phone very politely.

For him, it is to give advice when Payton makes an investment of a commercial nature.

Or when making impulsive judgments under abnormal emotions, it is his job to give timely dissuasion.

This is the basis for his firm to work with Peyton for many years.

There are some words, it is Peyton's business whether he listens or not, but if he doesn't say it, it is his dereliction of duty.

After hanging up the phone, Payton leaned on the sofa and watched TV for a while.

This is a program about the international situation. The host briefly introduced the situation in the Middle East, such as the involvement between Egypt and France, and the equity dispute over the Suez Canal.

In the Second Middle East War, Egypt, as a defeated country, not only drove the French away, but also regained control of the Suez Canal, the economic lifeline, under the intervention of the Federation.

Some of these problems left over from history naturally need to be resolved.

Payton watched TV for a while, paying attention to the international situation, and became more rational in his heart, and quickly made a choice that best suited the current situation.

Adopt the advice of the consultant and give up the construction of the arena.

"Give up temporarily and build the Lakers' own arena."

"Give up this impulsive investment!"

The investment plan of DC Comics and the arena also reminded Peyton that the world cannot revolve around one person.

Speaking of DC, their first batch of toys is also on the market, but limited by publicity and channels, they only opened up around Manhattan, and they are still far from competing with Marvel.

Moreover, at the suggestion of a lawyer in the firm, Payton also prepared a good show for DC.

……

At night, while Peyton was writing his business plan, the phone started ringing.

"Hello, Mr. Chris, I wonder if I'm bothering you? I'm Buffett."

The familiar voice sounded again. Buffett's voice was very special. It seemed to be always full of vigor, but there was no trace of aggressiveness, and it was extremely peaceful.

With a decent appearance, people will have a profound impact on it at a glance.

Peyton smiled and asked, "What? Have you done the Washington Post business?"

Payton hasn't paid attention to this matter for a long time. After all, he really doesn't think the boss of Washington Post will make a move.

Even, he is already collecting information from other newspapers and TV stations, preparing to start at the right time.

As far as the media is concerned, he will definitely enter the market, all he needs is the right goal and timing.

He is not in a hurry, he just needs one blow.

Buffett said with a smile: "Mr. Chris really has a clever plan. Yes, I have already negotiated with the new boss of the Washington Post Company, but his asking price is relatively high!"

When Peyton heard this, he was taken aback for a moment. Is this kid really done?

This kid is also a good broker!

That's right, the financial industry is originally a special kind of brokerage industry, with extensive exchanges of local information, policies, and contacts.

"But, the new boss?"

What Peyton soon realized must have changed.

After calming down a little, Peyton asked, "How much do I need to prepare?"

"Thirty-five million US dollars, the seller requires cash, it is best to pay in one lump sum!"

Payton was silent for a moment: "Help me make an appointment with the new boss, I need to talk to him."

"Also, Mr. Buffett, out of gratitude to you, I will inject $300 million into your club."

"Oh! Thank you very much, Mr. Chris. I will make an appointment with the new boss for you later."

Buffett was a little excited. The previous promise of 200 million yuan became 300 million yuan. In an instant, he felt that all the hard work these days was worth it.

His investment club could finally expand.

"So now, can I ask you some questions?"

"Happy to serve you!" Buffett said respectfully.

This is a big financial backer, with 300 million dollars, it is not impossible to let him sell his ass.

"Excuse me, how did you get his boss to agree to sell the Washington Post Company?"

"Also, what's going on with this new boss?" Peyton asked.

(End of this chapter)