Chapter 242

Providing Article 242 NBA and F1

In addition to what Alan Baker said.

Later, Abel also had a group of consultants compile F1 documents for him.

In the data, Alan Baker listed the spending of all 11 F1 racing teams last year.

In 2000, Ferrari's number one team spent about $160 million per year (excluding engine costs).

Schumacher's Ferrari team can be said to be a standard top 3 team. This is also the team that spent the most last year.

The ninth-ranked Williams team spent $85.5 million last year.

Additionally, Ferrari driver Schumacher's salary is currently the highest among F1 drivers, with an annual salary of around US$35 million.

The lowest salary among F1 drivers is the Toyota team driver, which is 500,000 USD.

In addition to these daily expenses. The cost of car maintenance, car research and development as well as F1 car production costs are all more expensive.

A Ferrari F1 racing car costs nearly a million pounds.

Among them, the cost of engine, gearbox, body and electronic system is the highest.

Another F1 car needs 21 people to complete the race together.

It usually takes 6-12 seconds to refuel and change tires. At F-1 team level, thanks to the cooperation of the entire team, tires can be changed and 60 liters of gasoline can be filled in 7 seconds.

The consumption of these personnel and accessories is also astonishing.

When the race ends, the cost of tires alone can sometimes reach tens of thousands of dollars.

Finally, competing in an F1 racing team is one of the most expensive things.

This is the process of researching and developing racing cars, the investment level for it is even more exaggerated. As of 1998, the McLaren team's automotive research and development costs alone amounted to 75 million US dollars.

One team participates in 20 races per year.

If research and development costs are included, the cost of an F1 racing car will be even higher.

This is also the reason why racing teams supported by major car manufacturers will become more and more popular in the future.

Because with the development of technology, the previous small factory-style racing research and development can hardly support the advancement of racing technology. Backed by major auto manufacturers and backed by stronger scientific research capabilities, racing cars will be more advanced and have more advantages on the track.

This is the reason why Ferrari has long been ranked at the top of F1 racing.

In addition to having money and daring to spend it, the mechanical technology on his racing car is indeed very strong.

No matter what people say, it is the best-selling super sports car on the planet and the number one sports car in most people's minds.

Don't mention the Bugatti Veyron. In the eyes of many people, this is a luxury and super luxury car toy.

In terms of influence, sales or other aspects, it cannot be compared with Ferrari or Lamborghini.

We can only rely on the technical strength of public opinion, rely on the title of "most expensive" and "fastest" to blend into sports cars.

After reading these documents. Abel also had a rough idea of ​​how much it would cost to establish an F1 racing team. Not counting research and development costs, the annual cost of a Formula 1 racing team is about 100 to 150 million US dollars.

This does not count RandD expenditures and if RandD expenditures are counted there is no upper limit.

Thinking of this, Abel knew he was about to establish a racing research laboratory.

It's relatively simple. There are plenty of personnel and experts available in Europe. RandD teams like Feijian Racing Team and Prost can take it directly.

Although it's a bit late, they still have a certain basis and can save basic research and development.

As for the engine, although the technical content of F1 car design is higher.

But because of mass production and costs are not considered.

The difficulty of producing an F1 racing car is much less than building a conventional car that can be marketed from start to finish. Because in conventional car manufacturing, the concern is how to produce the best looking, best performing and most functional cars at the lowest price.

Besides the necessary survival equipment for the driver, the only thing to care about in an F1 racing car is speed.

The acridine body doesn't even have air conditioning, and even the engine is almost a disposable item.

Research them, as long as you are willing to spend money you can get results in a short time.

There are also automakers in the United States. General Motors and Ford Motor Group still have strengths in engine technology.

Abel's idea was to bring the Prost and Feijian Racing Team's scientific research team directly to the United States.

Then try to find experts specializing in engines from both automobile corporations in the US.

Finally established his own scientific research group on F1 formula.

This scientific research group may not be needed this year. This year's F1 US Grand Prix is ​​half a month away and will take place soon.

This will never catch on.

This season, if you buy the whole team, it will most likely only fail.

Whether they can win the rankings is already a question for next year.

Abel has made his decision. If you manage to buy these two teams.

He would call one of them the "Tesla Fleet."

This fleet is directly maintained by the company "Tesla".

Aim to achieve a good ranking within a few years and perhaps gain some reputation in the world.

This way, when Tesla's electric car launches in the future.

There is also the possibility of adding more "F1 Pedigree" and "Formula Racing DNA" to the tagline. When the future electric car formula appears, the Tesla team will be able to directly lead the trend and become the most handsome guy in F1.

For another team, he plans to name it "MGM".

Among Abel's businesses, these two needed the most fame and public attention.

An entertainment mogul with his own F1 racing team would have a lot of faces in Hollywood to talk about.

And it can be assumed that these Hollywood stars are also ready to keep an eye on the heat of Formula 1 racing. In return, FIA officials may be willing to cooperate with Hollywood.

Hollywood and F1 need fame and visibility.

I bought the F1 team and everyone who has their own advisory group is busy.

Abel's attention returns to USD/NOK.

Smith Building. In the trading room on the fourth floor.

May 22.

It's been a week since Smith Capital entered the market.

The USD/NOK exchange rate fluctuates between 7.6050 and 7.6100.

In other words, a week has passed. The rising Norwegian krone suddenly showed a slowing trend.

This foreign exchange market, initially not a large market, becomes more and more important as there is a deadlock between buyers and sellers.

It's certainly not just Smith Capital and Neon People that are facing game here now.

"This market is very unusual." At the office, David told Abel:

"I think there must be another agency."

Abel nodded and said:

"You're not wrong, exactly. Lehman Brothers, Merrill Lynch and Bear Stearns, at least three of them, have entered the market. »

"If on?" David was very curious.

If David hadn't been in a secure state with his channels and connections, he might have discovered similar information.

David is currently in a state of security, unable to contact the outside world, so there is no way to help Abel in terms of intelligence.

Abel smiled: "Don't forget, I am currently a director of four of the five major investment banks.

"Oh ~" David suddenly realized. "Well, then it must be one of them, someone leaked this information to you. It seems that this information is indeed true.

Abel smiled and did not answer, but it was not the people from the four major investment banks where he was a director who revealed the information to him.

It was Paulson, CEO of Goldman Sachs, who shared this information with Abel.

Paulson quietly called Abel and told him to watch out for these three investment banks.

At the same time, it was made clear that Goldman Sachs, whether it was USD/JPY last time or USD/NOK this time.

Goldman Sachs did not participate in it. Finally, as he was about to hang up, Paulson uttered just one cryptic word: "Say hello to Texas for me."

Despite Paulson's phone call, the information released may have been false and may have been intended to cover up Goldman Sachs's subsequent entry.

But Abel believes that Paulson did not lie to himself, at least about the entry of the other three investment banks.

Talk to Abel about the entry of these three investment banks.

Under normal circumstances, Abel would obviously focus most of his vigilance on these three companies.

In this way, if Goldman Sachs really wants to enter the market halfway, it will also gain certain advantages. Analyzed from many different perspectives, at least this part of Paulson's revelation is correct.

When talking to David, Abel also said these things.

However, he did not say that Paulson said it but pushed him to imply his identity as a director of four major investment banks.

David thought for a moment then calmly said:

"Boss, I think this is the current situation. There may be three more investment banks entering the market and there must be more institutions entering the market. There are currently over 1.2 million USD/NOK position contracts in the market. Correct. With such large sums of money, there will never be fewer than ten institutions participating in the market.

Abel agreed with David's assessment.

Talent told Abel about it long before David made this assumption.

The difference is that David makes such judgments based on his experience and knowledge. Abel is talented.

"Boss, what is our next plan?" Still 10,000 hands a day, right? David said.

Smith Capital currently holds a total of 180,000 lots of USD/NOK buy orders.

"Forget." Abel shook his head: "Stop creating positions and only occupy this number of positions now. Wait for my orders.

After thinking, Abel added: "Furthermore, refugee status will be lifted. You can go home and rest. In the short term, USD/NOK will not change much.

Abel's next command stunned David.

"Release the hidden state? David wants to confirm again.

You should know that this is Smith Capital, the first time the financial safe haven status ended before the end of the investment. In the past, every time I went in and out of the hide, I did so after harvesting the leeks.

"There is nothing wrong. Since they have stopped opening positions, there is no need to continue holding them."

"This is my order." Abel said softly.

David didn't know, he just wanted confirmation.

"Understand." David said: "We will only do as you wish, O king. »

This guy. Abel wants to ask David Mellon if he's been reading too many Neon Zhonger comics lately.

Abel feels David is becoming more and more secondary.

May 23.

USD/NOK is in a strange state.

It ranges between 7.6050 and 7.6100. The amount of money poured into the plate is increasing, the number of hands also increases.

Yesterday there were still 1.2 million lots, with a capital of about 120 billion USD.

As of noon today, the number of arms has reached about 1.5 million.

The funding amount is about 150 billion US dollars.

This strange situation made the Norwegian government and banks somewhat panicked as they watched from the sidelines. If funds and contracts continue to accumulate, they will reach levels that Norway and the Norwegian krone cannot support.

Once it collapses, the outcome will be very unfavorable for Norway anyway.

The Norwegian government and Norges Bank want to act, but the market seems chaotic and confused, they do not dare to stop.

I have to continue to wait and see.

In this strange state of USD/NOK. Abel was in the brandy restaurant where he had dinner with little Laura and Li Xinyu last time.

Abel receives a guest from China.

The height of this Chinese guest is admirable, up to 2.26 meters.

The Chinese guest wore a tailored suit that looked odd because it was too loose. He sat across from Abel, looking a bit reserved. "Hey, Yaoming, right?" Abel looked at the giant Chinese teenager in front of him, smiled and greeted: "How about if I call you Dao in the future?"

"Of course." The little giant on the other side firmly and politely said: "You can call me whatever you want, I can accept it."

"Your English is very good." Abel smiled.

"THANK."

The 2.26 meter tall giant saw the ghost in front of him talking very friendly and had such a gentle attitude.

The little giant breathed a sigh of relief.

This year's little giant is a twenty-one year old Chinese man.

As early as 1998, he was selected for the Chinese national basketball team. The Little Giant participated in the 1999-2000 Chinese Men's Basketball A League and his team won second place.

He personally won three individual awards in the 1999–2000 China A League season for rebounds, blocks and blocks.

In September last year, Little Giant participated in the men's basketball competition of the 27th Olympic Games held in Sydney and took 10th place with his teammates.

Perhaps it was around this time that the little giant came up with the idea of ​​going to the NBA to develop.

He started preparing, such as learning English. Depending on the little giant's thoughts, it might take another two or three years for him to have hope of trying out in the NBA.

The giant boy did not expect that someone would find him earlier this year.

At first, the giant Yao did not believe it at all, thinking he was a liar.

At the giant Yao Xianglai, how could the NBA pay attention to him so quickly.

But then the opponent discovered a few big moves. Under the guarantee of the big moves, the giant Yao learned the sincerity of the opponent's heart. Then, in March this year, he officially received an invitation to attend this year's NBA Draft.

This made the giant Yao know that he could actually go to the NBA to develop.

Then, with the help of the big guys, he took care of internal affairs.

There is only one month left until this year's NBA Draft.

He flew over first to adapt to the climate and time zone difference here. After arriving here, giant Yao knew he could reach the NBA sooner than expected.

Because on the American side, a great man knew of his existence and asked him to come here personally.

Knowing this, the giant Yao, who is very good at English, secretly checked this giant's information.

It's okay not to check, this check surprised the giant Yao.

It turned out that the big man who invited me here was very famous in America and very rich. Even the owner of an NBA team!

The opponent just wanted me to play on their team so they brought me here first.

This upset the giant Yao.

The giant boy with a gentle personality was a little worried about gaining bigwig's favor, and at the same time worried about not being able to join bigwig's team.

It's simple, he thought, since this big man brought him here, he wanted to help him play.

So I should help this big man play well. Today, Sir invited Lord Dieu to dinner.

Giant Yao saw this big man's true self for the first time.

After seeing the appearance of this great man, the first impression of the giant Yao was:

Damn, this ghost is so handsome, he looks even more handsome than Little Lizi!

The second impression is...

This ghost looks really young, even younger than in the newspaper. Is he really that rich and powerful?

Between restraint and curiosity, the giant Yao started a conversation with the other party. After a simple greeting, the giant Yao realized that the big man was surprisingly gentle, causing Dayao to let go of his formality and tension.

In fact, according to NBA regulations, team owners are not allowed to contact rookie players before the draft.

Dayao has been confirmed for this year's NBA Draft and is only a month away.

Logically speaking, you cannot meet Abel.

But Abel doesn't care, at worst it's just a fine. Can David Stern guarantee that other team and team owners will never contact rookies before the draft?

Also, obviously Abel Smith has joined the NBA, which will definitely bring more attention to the NBA.

This is a good thing for the NBA.

If it weren't really unreasonable, perhaps David Stern would have agreed with Abel's idea of ​​buying two football teams.

So don't say that Abel doesn't care about such trivial matters.

Even if this were leaked, David Stern would definitely cover for Abel. Dayao also knows this rule.

But according to Dayao, the man had the fate of knowing him.

Additionally, NBA officials cannot know whether they will come secretly or not.

In addition, Dayao's economic contract was also signed with CAA. Once Dayao is encouraged by his agent, he will no longer be afraid of this small NBA ban. CAA agent has said it all, it's just a small problem, don't be afraid!

That's how you two met today.

After a pleasant exchange, the two officially started the conversation.

(end of this chapter)