The annual NBA draft event has attracted the attention of billions of people around the world. At the same time, facing such a grand event, various voices and different performances have attracted people's attention. The situation of players to be selected, the goals of each team, some gossip news outside the court, everything seems to be around this event.

This is a highly anticipated business. It all revolves around the business.

As competitive sports have developed to this day, in addition to the original motivation, what else can it bring to people? Is it honor? Is it inspiring and inspiring stories?

Well, this is where they succeed. Transactions, salaries, conflicts, confrontations, are actually always revolving around business. The NBA league has been operating commercially for so many years, and the main reason for its success.

"All essence is transaction, and all relationships are business."

From an economic perspective, this sentence makes sense and classic.

Judging from the essence of everything, people and the outside world are a process of exchanging their own personal relationships for their own relationships.

Even if humans reproduce, old people come to support their elderly people.

Although marriage is beautiful, the integration of the two people still uses the inner essence they need to obtain.

Not to mention the process of interaction between people, judging from the background, they are actually potential exchanges with purpose.

So, isn’t this kind of exchange a business? It’s just that sometimes it’s not transactions with money, but various forms of “business”.

Profit-oriented is business, and maximizing interests is the first attribute of capital.

Arthur tried it, but after the freshness disappeared, he stopped participating in the boring joint trial. His time was not that worthless!

After the successful acquisition of the New Jersey Nets, AMC's actual controller and five holding fund companies once again invited Arthur to restart the acquisition negotiations on AMC Cinemas.

As Arthur thought before, a monk carries water to eat, while five monks have no water to eat. With the long-term IPO, some people have no patience to continue to persevere, especially in the face of the repeated complaints from the management of AMC Cinemas, demanding capital injection, and in the past, they have been squeezing out cash-out profits and digging out a huge pit, so naturally they will not pay to fill this big hole.

In fact, the operating costs of AMC theaters have always remained high. According to the explanation of the losses disclosed by AMC theaters, the rental, lower fare prices and interest factors of theaters have caused difficulties in the company's profits. It is precisely because of the poor profits but high operating costs and huge debt factors that they have not been optimistic about by the market and the progress of listing has been stuck.

Faced with such internal and external troubles, the five institutions gathered together to discuss that unless everyone paid for the capital to alleviate the operational difficulties of AMC and make the balance sheet look better, they would have to restart the negotiations, hoping to turn the blame on the British who are not short of money and make another big profit.

They saw Arthur's big spending in New York during this period, and were really anxious about it. They were worried that Arthur would spend money so much and would have no money to acquire AMC, so he would really make a fuss.

"...700 million US dollars, and all debts are assumed."

In Arthur's mansion study, AMC CEO Gary Lopez handed a document in his hand to Arthur who was sitting in the boss's chair with both hands, and the head of the negotiation team next to him also said: "This price is almost their psychological bottom line. We have also lowered the price again, but they directly refused."

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After taking the folder, Arthur smiled and asked Gary Lopez, CEO who had turned against him and became his, and said, "What do you think?"

"This price is actually acceptable. As for theater operations, it is actually very cheap to acquire AMC at this price. AMC operates 346 theaters in major cities in North America, with 5,034 movie screens, including 2,336 3D screens and 128 I screens.

It is spread across 24 of the 25 major markets in the United States and has seven of the top ten top ten theaters with the highest box office in the United States. In particular, AMC ranks first or second in the 10 major markets in the United States, including New York, Los Angeles, and Chicago.

In fact, based on each screen, it is actually quite affordable, far lower than the other two large listed theater companies. Emark's average US$711,000 per screen and Regal theaters' average US$595,000 per screen. Moreover, most of them are in the heart of North American urban circle, which is a good choice for the expansion of North American market and capital internationalization.

Of course, the key is the debt, and it is indeed very stressful..." Gary Lopez naturally hopes that the new boss can take over the AMC, so that they can get rid of the fate of being constantly sucked in blood and being puppets, so he wants to give the new boss more confidence.

“However, Mr. Bolin, I can assure you that after completing the acquisition, if you can invest continuously through continuous capital, this money is not enough, $300 million is enough, and we can improve the debt structure of AMC. In addition, we have implemented a new and efficient management incentive mechanism and strongly supported management to carry out a series of business innovations centered on enhancing customer experience.

I can assure you that in a year, we only need one year to turn losses into profits, let AMC make money, and pay off all debts within ten years!"

"Ten years..." Arthur narrowed his eyes slightly, murmured softly, and fell into deep thought.

To be honest, this price is indeed not expensive. The key is the debt pit. It is too deep to dig it, and it is difficult to turn things around in a short period of time, even if it is to promote AMC's listing.

Just relying on profits every year to pay off debts is really a drop in the bucket. Although AMC is so large, it will be a big deal to make a profit of 100 million US dollars a year!

This is mainly because the unique theater system in the United States has made the theater industry not profitable. Only by constantly developing new technologies can we generate income for enterprises. Only every film technology innovation will usher in a leap in revenue. Applications like IMAX and 3D have given the theater industry hope in a short period of time, but enterprises will quickly encounter business bottlenecks and even lose money.

Therefore, for AMC, the road to generating income is too long, even for people to see it at a glance, but the United States is a completely saturated, highly competitive, slow and even no growth market, with a low average profit margin.

The only advantage at present is that the new 3D revolution triggered by "Avatar" has just begun and can make a lot of money in the next few years.

However, in the long run, AMC's future growth space is slim, with almost no prospect for institutional expansion, and there are only a handful of acquisition opportunities that can arouse interest. Perhaps after the acquisition is completed, it may be a good choice to sell it at a suitable price.

Thinking of this, Arthur was really moved. He knew that it would not take long for the rich people of the Celestial Empire to start buying the whole world. Moreover, the richest man in Yida in the Celestial Empire was ambitious for the theater market.

If you acquire AMC and merge and integrate it with European theaters, and sell it in packages... I believe you can definitely sell a considerable number.

He was not worried at all that the rich people of the Celestial Dynasty had no money, and he knew very well that the crazy ambitions of overseas expansion of Celestial enterprises in the next few years.

Driven by a number of large enterprises, the overseas expansion of Tianchao enterprises is gradually heating up, especially the bidding is too generous.

As for whether it is high leverage, no one cares about these companies because they bet that overseas companies are being bribed can quickly create enough cash flow, otherwise they will face increasingly severe debt burdens.

Of course, this is also strongly supported by many financial organizations. There is no shortage of support from ZC. These commercial banks are also willing to provide many foreign currency loans for these mergers and acquisitions, which also has the commercial purpose of expanding outward with the help of Tianchao Company.

This reminds people of the history of foot basin companies in the 1980s when they held up checkbooks to expand overseas. Under the setting of the yen that greatly increased its value after the "Platform Agreement" in 1985, overseas purchases seemed very "affordable" for foot basin companies. The most famous one was that Mitsubishi Real Estate bought 80% of the equity of the Rockefeller Base, a landmark building in New York City, USA for US$1.4 billion, which was regarded as the main symbol of the overseas investment craze of foot basin.

The investment craze of foot basin companies gradually faded after the bubble economy collapsed in the 1990s, and many investments were later proved to be blind. What is more important is that although many foot basin companies completed regional globalization in the process of overseas purchases, they still seemed incompatible with Western society in culture.

As for whether Tianchao Company will repeat the mistakes of the foot basin company, no one can tell it clearly now. However, after the economy and company development reach a certain level, natural demand is expanded to deal with many internal problems.
Chapter completed!