Why did Cai Chongxin buy the Nets? How much money did he earn in the three years he invested in the Nets? What kind of person is Cai Chongxin? 1964 Cai Chongxin was born in Taiwan Province province, China. His grandfather was Du Yuesheng's chief lawyer. Because of its small business influence and excellent genes, Cai Chongxin is very sensitive to investment. Cai Chongxin earned an annual salary of $700,000 right after graduating from Yale University with a double degree in law and economics. 1999 Cai Chongxin was infected by Ma Yun's speech. Cai Chongxin, who loves challenges, gave up the high-paying choice of the United States and became the 18th arhat of Alibaba. According to Ali's shareholding ratio, Cai Chongxin currently holds 1.4%, and when Ali's share price has hit record highs, Cai Chongxin has gradually become the richest man in the world.

In 20 18, Cai Chongxin spent 2.35 billion yuan to buy the Nets from ProHohloff, the former owner of the Nets, and the transaction amount of 2.35 billion yuan became the highest in the NBA. Some people say that boss Cai bought the Nets just to realize his dream. Actually, this is only part of it. As a top business talent, Cai Chongxin values the market behind the block. You can make a reference here. Hohloff, the former owner of the Nets, bought this block for $800 million. In order to get tickets, pro-Hohloff signed Garnett and Pierce at a high price the following year. Although the record is a mess, the market value of the Nets has doubled. From 800 million to 2 billion, this is obviously a successful investment.

But since Cai Chongxin took over, I'm afraid it's not so optimistic. Since 2020, COVID-19 has spread rapidly all over the world, and the audience will not be able to watch the game on the spot for a long time. Because of the influence of the big environment, the advertiser's budget will be reduced, and the team can only make ends meet. When the epidemic situation improved slightly, Boss Cai formed a super team headed by Durant, Owen and Harden for the influence of the team. What Boss Cai didn't expect was that Owen would be absent for a long time for various reasons, and Harden was sent away by the team after playing for half a season.

According to statistics, the operating income of Basketball Online last season was $350 million, and after deducting operating costs, it was only a meager profit of tens of millions of dollars, which was really nine cents for Boss Cai's billions of investments. At present, the situation of the Nets is very embarrassing. Although boss Cai's investment can't be described as failure, it is definitely not a success. Finally, do you think the Nets still have a chance to win the championship?