Cai Chongxin bought a 49% stake in the Nets from Russian boss prokhorov, which is worth about 1 billion dollars.
In the future, Cai Chongxin is likely to acquire the entire equity of the Nets, as well as the home arena and gymnasium of the Nets.
It can be said that in the past nine years, Russian billionaire prokhorov has definitely made a lot of money. From buying the Nets in 2009 to the present market value, prokhorov has definitely earned a lot. Nine years has been nearly 1 1 times longer.
I don't think that if prokhorov hadn't encountered the economic crisis, he would have chosen to betray the Nets, because the market value of the Nets will be further improved in the future.
In the summer of 20 19, the Nets bought two of the biggest players in the NBA. Durant and Owen can say that the weakness rate of the Nets next season is absolutely high, and they may also achieve good results and even win the NBA championship, so that the market value of the Nets will be further improved.
Cai Chongxin now spends 1 1 billion dollars to buy a 49% stake in the Nets, which is definitely worth it. If Cai Chongxin buys all the shares of the Nets in the future, the Nets will definitely benefit Cai Zhongxin, because the Nets are a cash cow.
Cai Chongxin's purchase of NBA teams also shows us that Chinese businessmen can make a splash in the NBA, and also shows us the popularity of the NBA in China. We also hope that China players can take this opportunity to re-enter the NBA.