Owning the shares of an NBA team and becoming a small boss of an NBA team is an opportunity that many rich people are looking forward to, but the so-called rarity is precious, because it is rare to get such an opportunity, so such lucky people are few and far between, especially if you want to become the boss of the Knicks or the Lakers, the opportunity is even more difficult, and the Chinese doctor Chen Songxiong is lucky to get such an opportunity.
Chen Songxiong's opportunity was not given to him by the Lakers, but magic Johnson, known as Magic Johnson,In 1994, Johnson spent $10 million to buy a 4.5% stake in the Lakers from Lakers owner Buzz, becoming the lakers' small boss. After becoming the small boss of the Lakers, the magician has also contributed to the promotion and development of the Lakers.
In 2010, Magic Johnson and his friends planned to buy a stake in Major League Baseball New York Yankee, but there was not enough cash in his hands, so Johnson had the idea of selling his own shares in the Lakers, and chen Songxiong, a well-known Chinese doctor, seized the opportunity (chen Songxiong was worth about 7.1 billion at the time, he was the richest Chinese in the United States at the time).
On October 19, 2010, Magic Johnson announced the official sale of his own shares in the Lakers, and the purchaser was Chen Songxiong, a Chinese doctor who had held the Lakers' quarterly pass for 25 years. Although the two did not disclose the amount of the transaction at the time, based on the Lakers' market value at the time, Johnson's 4.5% stake sold at least $50 million.
Becoming a shareholder of the Lakers, the Lakers have not made the playoffs this season, how much does Chen Songxiong lose? The answer is that it's too late to count the money. Why? Because of James, because of the Lakers' high attention, even if it does not enter the playoffs, the Lakers' tickets, jersey sales, and average fan consumption per game this season are at the forefront of the league, which also makes the Lakers' net income this season expected to reach about $105 million, according to the relevant proportions, Chen Songxiong's season revenue reached $4.72 million. It is worth mentioning that after Chen Songxiong entered the Lakers, the Lakers are in a state of profitability almost every year, and in the past 12 years, Chen Songxiong has earned at least 25-30 million yuan in profits.
Of course, this is also the Lakers' market value increase compared to the speed, simple is not worth mentioning, according to the Forbes list of the latest NBA team market value, today's Lakers market value reached about 5.3 billion US dollars, This also means that the shares in Chen Songxiong's hands are now worth about $230 million, and it has to be said that Chen Songxiong has chosen a good investment for himself, and if James can lead the Lakers back to the top in the future, the Lakers' income and market value will be improved to varying degrees, and I don't know if Magic Johnson will regret selling his shares at this time.
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