God of Corporate Hunting - Chapter 234



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◈ Episode 234: Termination of the contract (5)

When a player who was brought in with confidence does his part, the owner is more than happy.

The joy and passion were written on Choi Yong-muk’s face.

“And that retired player you recommended! I put him in charge of the second team coaching team at first, and he seemed to be doing pretty well, so I promoted him to the first team coaching team. He played a big role. The players follow him well. He was a natural for a coach.”

It’s not really surprising, since I recommended it after seeing the fate of both players.

“As expected, you have an eye for people.”

Nam Woon-myung didn’t know what to do with himself as he was showered with endless praise.

Yong-Muk Choi was more pleased with the success of the professional baseball team than with his business. He is a person who is serious about professional baseball.

Then, baseball chatter continued, and Nam Woon-myung chimed in appropriately.

The conversation ended only after Choi Da-eun brought pasta and a piece of cake.

While I was eating pasta with cola, Choi Yong-muk asked.

“So, you… how about giving me some advice on player composition this year as well?”

“yes?”

“There are a lot of urgent things to do right now. There are FAs that need to be recruited internally and FAs that need to be actively recruited externally, and among the new players selected this year, there are also players that need to be actively developed…….”

It basically means that they want the club to be overhauled on a large scale.

If you discover one or two crazy players during the season and weed out one or two ruiners, the team’s performance will improve significantly. If you give up just one free agent who runs away, you can drastically reduce the team’s operating expenses.

When I gave advice last year, I didn’t think much of it, but now that I’ve been asked to do it again, I’ve realized that the ability to read people is a huge advantage in running a professional sports team.

Of course, fate is not fixed, so players who work hard will eventually see the light as their fate gradually changes.

“So, I’m asking you to do it again this year. What do you think?”

“Well…….”

“I will repay you without making you bored.”

Compared to Chairman Choi Yong-muk whom I first met, I feel much more comfortable.

But isn’t that the manager’s job? Even though he’s the club owner, has Chairman Choi Yong-mook ever been this carefree?

After a quick meal, Nam Woon-myung took the list of players and picked out players with special characteristics. Surprisingly, he found it interesting to get involved in a baseball team and run it.

However, he does not intend to intervene excessively. Also, if he only consists of players who will be popular next year, there is a risk that he will fall into the abyss after that. Appropriate harmony is important in anything.

“This player’s body price is…….”

“He’s the biggest free agent this year. He’s a player whose value is expected to exceed 10 billion won over 4 years. I think we should jump into the recruiting fray. He’s a player we can’t afford to miss.”

Choi Yong-mook explained the player that Nam Woon-myeong pointed out. As expected, he was interested in professional baseball, so he was not blocked by the characteristics of players from other teams.

“Hmm, really? Withdraw from the recruitment battle. It’s not cost-effective. Especially after about two years, the aging curve starts to decline rapidly…….”

“Really? You almost lost 10 billion?”

Nam Yun-myeong solved the biggest issue in one go.

Next, he picked out a few good free agents. They are all players who will do their part. However, since many of them overlap with the positions of existing players, the club will have to carefully review the actual recruitment.

That’s not something he should worry about.

If we can just get one or two players out of today’s conversation right, it’ll be worth the effort.

As I was going through the list of players, one player in particular stood out.

“Who is this player?”

“Ah! Kim Young-cheol? He’s our team’s ace. He hit over 20 home runs this year. He’s mainly a right fielder and center fielder, but he’s fast and has a good bat. He’s a player I’m looking forward to next year.”

Unfortunately, Kim Young-cheol will be injured early next season. It is a major injury that will keep him out for the entire season. However, a trade is difficult. He will be revived next year.

If that’s the case, the Hwayoung Dragons will have to struggle with a lack of outfielders throughout the season. He estimates that this will be the biggest hole for next season.

“Then we need a backup outfielder. Among the FAs earlier…….”

Nam Woon-myung pointed out a player who was included in the FA that was considered okay.

“Isn’t that a redundant investment? That player is not immediately useful to our team. We need to return one of them as a backup…….”

FAs are usually expensive, so backups don’t make a difference.

“Hit him no matter what. A year from now, you’ll think it was the best decision you ever made.”

Although the exact reason is unknown, Choi Yong-muk nodded when Nam Un-myeong insisted strongly.

“It’s not hard to recruit one FA, but… let’s do that. Are there any other players worth keeping an eye on?”

Nam Woon-myung picked a new pitcher.

“If we give this player consistent opportunities, he will grow significantly starting in his second year.”

“Really? He wasn’t picked in the first round, but in the third round?”

Of course, Nam Woon-myung doesn’t know the specific process or reason. He just guesses that the guy will do his part and be reborn as a star starting next season.

He told us which players we should not recruit, which players we should recruit, and which players we should focus on managing.

Yong-mook Choi was very satisfied and Da-eun Choi also raised her voice in excitement thanks to that.

As I covered professional sports teams, I gradually began to develop other desires.

How about investing in a professional sports team while you’re at it?

Whether it’s a soccer team or a baseball team, it’s not a good choice from a corporate investment perspective. It’s obvious that our country is losing money, and most clubs around the world have poor net profits.

In other words, the operation of a professional baseball team is not profitable. In terms of traditional corporate evaluation, it is virtually an insolvent company.

However, even in Korea, there are many large corporations that cannot let go of professional baseball teams, and even overseas, some of the world’s wealthiest people are involved in the management of professional baseball teams.

Oil tycoons and Russian oligarchs, including Assur, who entrusted him with money, are dominating the English Premier League.

I don’t know if they are serious about football or not, but they are pouring in huge amounts of money and this has a huge impact on the image of the owner.

Even Assur owns 12 professional football clubs around the world using the UAE’s sovereign wealth fund.

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So what about the investment aspect?

Nam Yun-myeong floated his boat.

“Have you ever wanted to run an overseas professional sports team?”

“Overseas? Well, if I had the money, I would definitely do it. The fun is extraordinary. Being a club owner is practically a dream and romance for a successful wealthy person. But you know? It’s hard to hand out business cards to someone like Hwayoung Group.”

Professional sports teams are expensive. They also continue to cost a lot of money to operate. They are like a hippopotamus that drinks water. However, they do not generate profits. They are the worst investment. There are no intermediate profits, including dividends. That is why it is difficult to get involved unless you are a world-class tycoon.

“It’s not necessarily the case. The sports industry will continue to grow globally in the future. That means that even if there is no immediate profit, the value of the club will continue to increase.”

There are two ways to make a profit from an investment. One is to make a profit every year and recover the investment amount, and the other is to sell it later at a higher price.

This is an idea that can be taken by a private equity fund that focuses on selling rather than owning companies.

“There is a downside to tying up your money, but if you can sell it for a higher price later, it’s not a loss. In fact, it’s a good investment.”

“That’s true.”

Choi Yong-muk’s eyes sparkled.

If you are confident in Nam Woon-myung’s intuition for selecting players, it is not difficult to take over a club and achieve better results. If the results are good, the value of the club will naturally increase. They say that the results are proportional to the investment, but Nam Woon-myung’s intuition goes beyond that formula.

“Since you’re serious about baseball, why don’t you take over a major league baseball team in the United States?”

“okay?”

Choi Yong-muk’s mouth fell open. Becoming the owner of a major league professional baseball team was his lifelong dream.

The value of a major league team is approximately 1 trillion won to 4 trillion won. Some teams have positive annual net income, but most have negative net income of around 100 billion won. However, the value of the team has increased by more than 10 times in the past 20 years. It will continue to do so in the future.

There was once a rumor that the National Pension Service was investing in the LA Dodgers of the Major League Baseball, and there was also a rumor that major domestic companies and banks were investing in Chelsea of ​​the Premier League.

Also, recently, there was talk that the founder of the largest private equity fund in Korea would acquire the Washington Nationals of Major League Baseball, so investing in professional sports teams is not just a dream.

“If you are short on money, Mega Asset Management will provide some.”

“Oh, really?”

Choi Yong-muk, who had been hesitating, showed confidence. This was because he had experienced firsthand the fact that he would never fail if he invested with Nam Woon-myeong.

“If you were to take over, which team would be good?”

“It doesn’t matter which team it is. There’s also the fun of buying a lower-ranked team and pulling it up. Of course, big-market clubs are better for investment.”

There are currently three or four clubs for sale. If you choose one of them and invest in it, and look ahead for at least 10 years, you will definitely make a profit.

“That’s right. It’s the off-season now, so it’s good for player acquisition. If you just pick one or two players like you are doing now, I’m confident you’ll make a profit. How many famous major league players are there who run away with their contracts? There are more than a few players who sign 10-year, multi-billion dollar contracts and then end up getting hurt.”

Even though such players are common, large multi-year contracts are signed every year because the popularity and performance of the team depend on superstars.

“Please review it and I will push it for you.”

Since he is working with Hwayoung Group on the Coffee World and hotel chain businesses, Nam Woon-myung does not mind receiving that much free advice.

If Choi Yong-mook lacks funds, Mega Asset Management is willing to help. After all, the sports industry is a growing industry.

Yongmuk Choi was delighted, like a child receiving a Christmas present.

Nam Woon-myung also felt something great from that sight.

When you earn money, you should do what you want to do. For Choi Yong-mook, that would probably be being a professional baseball team owner. It’s like a game, where you organize players and staff according to your own intentions and cheer on the team’s success.

So what does he want to do?

At first, I had to earn money no matter what. After my father passed away, I was in poverty. I wanted to take care of my mother comfortably and make her worry about money less.

Once he had money, he sharpened his sword against the Bukseong Group. He took responsibility for his father’s death and disbanded the group as his next goal. His revenge is not over yet, but fortunately, the end is in sight.

Up to this point, it’s a history of blood.

So what’s next for the Bukseong Group? They now have money and status that is the envy of others.

If you put your mind to it, you can easily acquire small and medium-sized companies, and even large corporations.

Was this his ultimate goal in life? Was he just making money to get revenge on the North Star?

It’s getting late.

“I’ll go for it. Please contact me when it becomes concrete.”

Nam Yun-myeong quietly withdrew.

Choi Da-eun stood next to him.

“I’ll take you home.”

“Thank you.”

Just like when he came, Nam Woon-myung rode next to Choi Da-eun.

On the way to Seoul, Choi Da-eun asked.

“Will Dad really take over a major league team?”

“I think so. It’s the chairman’s dream.”

“That’s true, but…….”

“What is your dream, Da-eun?”

Was it a sudden question? Choi Da-eun couldn’t answer right away.

“What about Mr. Destiny?”

“I don’t know. I don’t really have any wishes.”

“Me too. Sometimes I just think about meeting a good person and getting married quickly. Sometimes I want to inherit the family business and grow it.”

Too much means nothing.

Nam Yun-myeong reflected on his situation.

Marriage? I haven’t thought about it yet. I don’t have the time for it.

Whether it’s Yoon Se-bin, Choi Da-eun, or even Hyun Ah-sol, he’s more than enough. Sometimes, I think that just being on good terms with Sun Yoon-ah isn’t so bad.

It’s something to think about once you dismantle the North Star and expand further into the world. Because your goal in life isn’t just to get money and beautiful women.

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