Month: April 2023

Knicks are jokes in New York, but they don’t deserve to be jokes basketable nets-this is some consensus of mainstream media in New York over the years, it is also the confidence of Knicks boss James Dolan who dares to scold the fans “love to see or not to see basketable nets. It has been ten years since I moved to brooklyn basketable nets. At that time, the expectation of opening up a new world to attract powder against old money in manhattan now seems to be all crazy. After losing less than 50% of the winning rate in five seasons and changing the coach five times, basketable nets seems to have returned to the original point ten years ago. Under the control of a boss who is regarded as an outsider, the star plays constantly, the team’s culture is so poor that it will slide out of control. In all these chaos, few people may think of the last boss who brought basketable nets to brooklyn and made a big deal but hastily announced the sell-off only four years later, mikhail Prokhorov, who has long been far away from the attention of the United States, has experienced explosive growth in wealth since the new year, which has more than doubled Cai Chongxin’s personal wealth. Prokhorov’s value change chart (unit: Billion) And his stories and those Brooklyn memories are still floating in the wind. (For the convenience of reading, the monetary unit of this article is US dollars.) * * * * Prokhorov is not a gold spoon background, but it is much higher than Roman abranovic, the former boss of Chelsea in the Premier League. His father used to be a rich Russian peasant, but his father, Demitri, was already destitute and even forced to flee to Siberia. However, during the hardship, Demitri started a new life, became a practicing lawyer, and became a small official in the Soviet sports committee, responsible for foreign relations. Even though prokhorov could still remember the days when his childhood was short of food, generally speaking, his growing environment was quite good compared with most of his peers. In his youth, he was admitted to moscow institute of finance, a highly competitive institution of higher learning. There, he and Alexander heroponin (later Russian politician) became MEET U. The year the Berlin Wall collapsed, Prokhorov graduated from university. He successfully entered the Moscow headquarters of the international economic cooperation Bank (IBEC) to handle foreign trade accounts for the ten federal countries. In March 1991, heroponing introduced Prokhorov, who worked in the bank of international economic cooperation after graduation, to the former official of the Ministry of Foreign Trade, Vladimir Potanin. One year later (that is, the year when the Soviet Union collapsed) co-founded MFK Bank, one of Russia’s earliest private banks (Международная финансовая компания). Prokhorov and Potanin Relying on his advantage of getting to the moon first in the financial industry, Prokhorov has become the first batch of capital predators in Russia by virtue of the Dongfeng of The Times. At that time, due to the influence of regime turmoil, state-owned banks in many countries were difficult to operate and transactions with russia were difficult to carry out. Therefore, the management of many banks sent letters to russian customers, it is suggested that they transfer the deposit speed to the safe harbor of MFK. So in just half a year, Potanin and Prokhorov absorbed 0.3 billion huge money. In 1993, the two started Onexim bank (ОНЭКСИМ-банк) again. Potanin was the president of the bank and prokhorov was the chairman of the board of directors behind the scenes. When the inflation rate was high, this bank became the payment agency of the Ministry of Finance to issue bonds and the Service Bank of Moscow’s foreign economic activities. It made a lot of money by relying on exchange rate profits alone. In less than two years, its assets accumulated to 2 billion. It is worth mentioning that the famous “debt-to-equity swap” scheme was invented by oil Potanin during this period. Facing the deteriorating economy and turbulent situation, Potanin took advantage of the “debt-to-equity swap” scheme, let the state take shares of large enterprises as guarantees in exchange for loans provided by wealthy private banks, as a result, many state-owned assets were sold at a low price and transferred to banks controlled by a few “oligarchs”-Prokhorov and Potanin naturally earned a lot of money and gained shares in many metallurgical industries and shipping companies, the typical one is Norilsk Nickel Company. Norilx nickel company At that time, Onexim Bank purchased 38% of the company’s shares with 0.1701 billion loans, and let Prokhorov join the board of directors six months later-in fact, during the auction process, competitors bid more than 0.3 billion (after all, the annual profit of this large mining and metallurgy enterprise is about 0.4 billion), but Onexim Bank refused-yes, the auction business of these state-owned enterprises was controlled by Prokhorov and Potanin from the beginning, they can naturally plunder the meat on these chopping boards at a very low price (Onexim Bank’s bid at that time was only 100000 higher than the company’s starting price). It was really the same day as the burning oil. The American news program 60 Minutes also interviewed proholov on this matter that year, saying, “it doesn’t even have legal effect in the view of Western standards, but it is legal in Russia”. Some Western media also called their actions “outrageous crimes”. The Russian correspondent who reported the matter said: “This cannot be explained clearly to outsiders, especially Americans, in conventional economic terms.” * * * * However, the good times did not last long. The Asian financial crisis occurred and Russia’s economy was on the verge of collapse in 1998. The government depreciated the rouble and defaulted on the national debt issued domestically, which was also the beginning of the end of Prokhorov’s career as a banker. When the wind direction of the power core circle remained unchanged, the Predators were already planning to run away (including Abu, who began to dismember the industrial empire at the end of 1999), prokhorov was still appointed CEO of Norilsk Nickel Company in 2001, with six years. In fact, this is a person doing his best, because when he took over, the company was almost worthless and even the statistics of nickel production and reserves were very chaotic. For more than half a century, Norilsk has been a very special existence. It was a closed city that could not even appear on the map at one time and was declared a confidential administrative region in 2001. It is 281 kilometers north of the Arctic Circle, isolated from the world, and the long winter temperature is minus 20 degrees. After the 21st century, it is still one of the most polluted places on the Earth. Prokhorov said that being the CEO of this nickel mining enterprise is like governing an independent kingdom. In order to revitalize the enterprise, he personally went to the local mine to cut the number of workers, improve subsidies and equipment, and invested a lot of money to control pollution. By 2007, when he stepped down, the company’s share price soared from less than 7 dollars to 189 dollars, and its annual revenue reached 10 billion. It was also in this year that another great event changed the fate of Prokhorov again. For many years, Prokhorov has been one of the most luxurious ski resorts in the world, the French Alpine town of gaucheville, celebrating Christmas in Russia, which is also an important occasion for him to entertain distinguished guests. But in 2007, his private plane brought seven young Russian girls to the hotel there, and French police arrested and detained him for more than three days on the grounds of prostitution. The incident was later widely interpreted as the conspiracy of its long-term partner Potanin, which completely broke the relationship between proholov and Potanin, agreed to dissolve the partnership and began negotiations on the division of common assets. In 2008, Prokhorov sold 25 percent of his shares in Norilsk Nickel Mine (worth 13 billion) to Oleg jeripasska, the richest man in Russia at that time, and his return was: more than 7 billion cash, and Rusal, the world’s largest aluminum producer, has a 14% stake (worth about 3 billion). Unfortunately, less than half a year later, the financial tsunami swept the world. All kinds of assets depreciated at the speed of light. Jerry Pasca’s net assets plummeted from 28 billion to 4 billion (now about 3 billion), potanin’s assets changed from 9 billion to 1.5 billion (now 27.5 billion). However, prokhorov, who was forced to cash out in advance, escaped and became “the happiest oligarch in history” in an instant “. In this way, cash became the biggest asset in Prokhorov’s hand, and these cash also left the base camp of Russia with Prokhorov and went to the world, spending money on luxury houses, luxury cars, yachts and private planes. Prokhorov once sponsored basketball, ice hockey and football clubs of Moscow central army; And served as the head of Russia Biathlon Association from 2008 to 2014. After the 2010 Sochi Winter Olympics drug ban scandal, he helped three women players deprived of medals to sue grigori rockinkov in new york-that is, whistle people who made the russian doping program public-to seek compensation of tens of millions of dollars (but some people think that, prokhorov’s real purpose was to expose rochenkov’s whereabouts in the United States and let Russian agents find him. In addition, the investment of Prokhorov is certainly indispensable to the NBA team, which is more profitable than the top mansion on Fifth Avenue. * * * * In 2009, Prokhorov proposed to acquire half of the shares of basketable nets and Brooklyn’s new stadium. He even used the relationship between Medvedev to mention this plan to the Obama administration, although the other party could not help much. However, NBA approved the acquisition only one year later, making him the first big boss in the league who was not from North America. His humorous declaration of “America, I come for peace” at the press conference can be said to be very popular, however, the propaganda campaign prepared by basketable nets for him and Jay-Z really meant to rob Madison Garden. At that time, although NBA was very lively, it still suffered huge losses. Naturally, the team with a depressed market like basketable nets slowed down-even when new jersey reached the full success of the finals, basketable nets lost tens of millions a year, and prokhorov’s situation could be imagined when he took over, the vacancy rate of going to Milwaukee for an away game can exceed 90%. No wonder NBA is eager to pack this team with “internationalization. But for Prokhorov, it was really not a matter to lose 0.1 billion a year. He paid more than 0.5 billion taxes a year in Russia. Just looking at the newly-built Barclays Center rubbing its rising value, he was satisfied. In the first year basketable nets, Prokhorov had a strong sense of presence. He led the team to meet and greet, and even flew from Russia to Akron in Ohio for the recruitment of LeBlanc James. However, facts have proved that this team is just a plaything of Prokhorov. Of course, the basketball game is far less exciting than the dangerous minds he is best at in his whole life. In that game, saving his family and life is the most important thing. Most of his time as basketable nets boss, he was actually in France. However, under the leadership of Billy King, the management of basketable nets operated one by one. The old superstars with many injuries exhausted the team’s space and potential, thus becoming the laughing stock of New Yorkers. At that time, basketable Nets star was still DeLong While the team was burning money in full swing, Prokhorov announced that he would participate in the Russian presidential election and finally won nearly 8% of the vote. Although there was criticism from the “puppet candidate, but NBA’s song and dance promotion continues. When Prokhorov bought basketable nets, he made a heroic statement that he would win the Championship within five years, but only four years later, that is, in 2014, he publicly revealed his plan to sell basketable nets. In fact, he should be reluctant and want to play some flowers to transfer the shares to the proxy company. However, last year, the new york post revealed the inside story. It turned out that he was forced to sell the shares, when the Crimean crisis triggered sanctions from the United States and the European Union, Prokhorov had to stand in line. In 2016, the media under his Onexim Group was raided, causing tax scandals. In the same year, ONEXIM group began to sell assets, including half of the shares valued at 1.2 billion basketable nets. In 2017, Cai Chongxin took over for 1 billion dollars. A year later, the U.S. Treasury Department released a white list of Russian tycoons, and Prokhorov’s name was listed impressively. When prokhorov sold all the shares of basketable nets plus barclays center to tsai chongxin in september 2019, creating a team acquisition record, it was said that the NBA board of directors were relieved, as if they had finally sent away the blast, finally, I can dance again. The so-called laughingstock is that outsiders laugh at tu yile. NBA has long been unable to sleep and eat for the hidden dangers behind prokhorov. After all, Yogueta does not sell the team. Now it is another abu, and basketable nets will become a problem for the entire alliance and even the government. In the future, Prokhorov also ran in time, because he avoided the kind of sanction that Abu suffered because of the timely selling, so he successfully landed (and because his mother had Jewish blood, therefore, he obtained israeli nationality “in time” last year). As for tsai chongxin, he invested much more in basketable nets than prokhorov and was more recognized by the mainstream of the united states. He used to be “mr. Popularity” among the elites of wall street investment banks. Both father and son are outstanding alumni of yale university. Xiao hua once said bluntly that he would make “priceless” contributions to NBA’s global expansion. Cai chongxin also believes that he can play a bridge connecting two very different cultures, not only for teams and fans, of course, it is also for NBA bosses who have established cross-border trade (including ali sen, the cruise giant heat boss, jordan, the hornets boss who gets 5% from jordan brand every year, and karen, the nuggets boss who owns arsenal) and business partners-compared with Prokhorov, Tsai Chongxin’s business resume as a director is absolutely more convincing. Tsai chongxin Unfortunately, what happened after Cai Chongxin bought the team can only be said that the world is unpredictable. The saying “let sports belong to sports” was very popular in previous years, but nowadays, most people may have realized that sports can never be just sports. But what is worth comforting is that at least there is no shortcut for champions. No matter where the main characters of the story will drift, the road is still under their feet. Welcome to our wechat public number “Houchang Village sports team” to see, there are more NBA, CBA related archaeology, comments and character content>> (Text/kewell)