Chapter 2388 No need to thank me
Although KT is not listed on the market, it is indeed good to buy shares and pay dividends to shareholders. .
KT is almost the only profitable e-sports club, and its ability to make money is evident.
Moreover, don’t look at the fact that other clubs are losing money every year in their financial reports, and all of them are selling out and complaining that life is difficult.
Just take a look at these external financial reports.
G2's financial reports have been losing money for many years, and the luxury cars used to manage the club change every day.
The common practice is that the income only counts the relatively transparent parts such as competitions + peripherals + live broadcasts. The details of long-term and segmented contracts such as sponsorship and endorsements are basically not disclosed to the outside world.
Expenses include everything including food, rice, oil and salt, the salaries of players and staff, buying a new store and opening an Internet cafe under the club. These are all expenses.
It is true that buying a shop land does not bring short-term direct benefits. It seems that you have spent a lot of money, but can it be considered a loss? Anyway, the report shows a loss.
All clubs basically operate in this way. Each club suffers more losses than the other and can perfectly avoid taxes.
In fact, not only e-sports clubs but also traditional sports clubs do this.
Of course, many clubs do suffer losses. After all, they cannot attract big sponsorships if their results are not good.
But this is also because invisible value cannot be reflected in financial reports.
Just looking at external financial reports, Coca-Cola spends tens of billions on advertising every year, which is equivalent to losing money, because things like exposure are difficult to measure with numbers.
And why can KT still make money while other clubs are losing money?
Is it because Koreans are not as good at falsifying financial reports as Europeans?
No!
It's because KT makes so much money that they can't even hide it.
How much is the salary expenditure of the biggest player? Last year, Shinhan Bank’s sponsorship amounted to 10 billion won, and there were also major sponsors such as Mercedes-Benz and Red Bull.
As the club with the most new big-name sponsors in the LCK, KT had the nerve to commit financial fraud and claim it was a loss?
I'm afraid the Korean tax department will have to work overtime to investigate if they don't sleep.
In fact, KT's operation of giving Lin Cheng stock options was also learned from their arch-enemy T1. Faker currently has unexercised stock options from the T1 club.
no way! That shit stirrer at Hanwha is raising prices.
Hanwha has become smarter this year and is also attacking Lin Cheng everywhere.
Their operation is very interesting. They first quoted a price to other players to show their sincerity, but after reaching a preliminary verbal agreement, they were not in a hurry to sign the contract immediately.
After all, Hanwha's number one target is still Lin Cheng.
What if they really catch the male god Lin Cheng and Lin Cheng is dissatisfied with the team members they selected?
Therefore, we need to leave some room for maneuver, catch the others first, and then make a decision after confirming Lin Cheng.
Since the verbal conditions given were very generous and the agency was stabilized first, they were not afraid of letting all the fish run away if Lin Cheng was not signed in the end.
There is communication between the agency and various clubs. It is said that Hanwha's verbal offer for Viper reached 4 billion won. KT was shocked anyway.
Although no contract has been reached yet, isn't this purely destroying the market?
Viper is worth 4 billion? How much is Lin Cheng worth?
Even if you think about it, you know that Hanwha, the big dog who has been saving money for three years, has gone crazy.
Therefore, when KT came up with the quotation, they were quite sincere.
The current liquidity of the e-sports market is far inferior to that of traditional sports such as football, and even South Korea's own market is limited. The basic quotation of 10 billion a year will definitely shock the entire peninsula.
It must be said that KT's business operation capabilities are far superior to Hanwha's. Including the commercial part, Zheng Shiyan estimates that the total contract price between KT and Lin Cheng will be nearly 14 billion won per year.
Not to mention that KT also gave stock options.
This thing is very mysterious. It may be worthless, or it may easily make tens of billions in vain.
In other words, KT has made so much money in the past three years that it dares to compete with Hanwha like this.
Of course, Hanwha is still raising prices, and has even issued a 1+1+1 contract with an annual increase of 20%.
crazy!
Sporadic gossip spread, and the outside world could only evaluate it as crazy.
These days, the entire Korean cultural and sports circle is still shocked by Ryu Hyun-jin's four-year, 17 billion contract. Now Lin Cheng's one-year contract is approaching this price.
No!
It should be said that Lin Cheng will definitely earn more than this amount next year. After all, he still has the right to his image.
Naver hot search started a discussion about Lin Cheng's income again, and some Koreans were angry, saying that the Chinese should not be allowed to make so much money and Lin Cheng should be taxed.
In fact, Lin Cheng is satisfied enough with KT's contract renewal conditions that he is willing to renew even if he maintains last year's contract.
Because of the Asian Games, KT's drafted contract last year already made too many concessions for him.
But Zheng Siyan said she can still fight for it.
"The most taboo thing is to talk about emotions when negotiating. You should try your best to fight for reasonable interests. KT is not a small club. Don't think that they will be hurt because of your contract."
"OK! Listen to Sister Shiyan, you won't hurt me anyway."
Therefore, Lin Cheng left all the contract renewal matters to Shiyan's wife, and he was a salty fish.
Well~~~Big sister’s soft rice is really delicious.
After dinner, Lin Cheng went back to his room to turn on the computer and play for a while.
As a result, Lin Yoona sent a Kakao message.
We had added contact information when we played mobile games together before, but the two of them had hardly spoken. This was the first time the other party took the initiative to say hello.
Yoona: Hey! Dude?
Lin Cheng: What’s wrong?
Yoona: Are you there?
Lin Cheng: I have replied to the message, do you think you are here or not (Dead Fish Eyes)
Yoona: Haha!
While Lin Cheng was waiting for news from the other side, classmate Lin Xiaolu said a haha and then became silent.
Lin Cheng waited for three minutes and couldn't bear it anymore.
Lin Cheng:? ? ?
Lin Cheng: Are you here to confirm that I am still alive?
Yoona: Do you play games? I can't find anyone to fight with me right now.
Lin Cheng: Don’t play! Find someone else.
Yoona: I'll take the number first, hurry up!
Lin Cheng:? ? ?
Does this sister not understand the text?
Lin Cheng was too lazy to pay attention to her and turned on the computer to do his own thing.
After a while, Lin Xiaolu sent another message.
Yoona: Why haven’t you arrived yet?
Lin Cheng: No! Sister, I didn’t even say I was coming.
Yoona: Speed, waiting for you.
Lin Cheng:......
Yoona: Hurry up! Take you to the next level.
Lin Cheng was completely speechless.
I didn't know before that Lin Yoon-ah is actually shameless.
Lin Cheng: Come on, I will show mercy and play with you for a while.
Yoona: Haha!
Opening the mobile game client, Lin Cheng took a look at his friends list.
Lin Yoona is not online at all.
Lin Cheng: Where are the people? You are not online?
Yoona: I'm still updating, just 200M, please wait.
Then Lin Cheng waited for ten minutes and found that the other party had not come yet.
Lin Cheng: Where are the people? brother! Can you update 200M in ten minutes?
Yoona: Right now! My takeaway arrived, and after waiting for me for ten minutes, the noodles were finished quickly.
So, Lin Cheng waited for another ten minutes.
The other side still didn’t come.
Lin Cheng: Where are you? (Crash)
Yoona: I seem to have a bad stomach. Wait for me for another ten minutes.
Lin Cheng: Are you playing with me? Didn't I offend you? (smoke coming from nose) (smoke coming from nose) (smoke coming from nose)
At this moment, Lin Yuner and Ju Li were drinking coffee leisurely.
Just now she mentioned Lin Cheng in an insinuating way, but the sister seemed a little aggrieved when she said that Lin Cheng had to stay at home with his girlfriend.
She immediately decided to teach the scumbag a lesson.
After seeing the news about Lin Cheng's irritability, classmate Lin Xiaolu felt particularly happy.
She patted Juli on the shoulder.
No need to thank me, Ernie!
That's what I should do!
Hidden merit and fame, everything is left unsaid. (End of chapter)