Almighty Coach

Chapter 403: Trading at a loss

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"This is the result of my European trip, several new advertisements and endorsements." Steven handed a document to Dai Li.

Dai Li took the document and said at the same time: "I heard that Philip's popularity in Europe even exceeds that in the United States?"

"Yes." Steven nodded: "Europeans do like Philip very much. His popularity there is as popular as any top sports star. Otherwise, we wouldn't be able to receive so many advertisements."

After Steven finished speaking, he continued as if casually: "Did I just see Kevin Taylor outside?"

"Yes, my new client." Dai Li said vaguely, without revealing how he met Taylor.

Steven obviously wanted to bring up this topic, and he then asked: "Then how did you meet? Did he find you, or did you find him?"

"That should be considered a coincidence." Li Dai said, he still didn't want to talk about entering the police station.

Steven also noticed that Dai Li was hesitant, and he finally asked directly: "What I want to ask is, was Taylor himself or his agent the first person to contact you?"

Li Dai suddenly understood, and he asked: "You want to ask Taylor if he has an agent?"

"Yes, that's what it means." Steven continued: "I heard that Taylor fired his agent, but that was only two years ago. As for who Taylor's current agent is, I really don't know. . But I think for a sports star of Taylor's level, there should be no shortage of agents."

"Taylor currently does not have an agent." Dai Li replied.

"He doesn't have an agent yet!" Steven's eyes flashed with joy.

"Do you want to be his agent?" Dai Li asked directly.

"Of course." Steven didn't hide it. He nodded: "That's Kevin Taylor! Ten years ago, he was the most famous sports star in the United States. When it comes to boxing, no one in the world doesn't know his name. His business value is in the hundreds of millions, and for brokers, this is the most coveted client, as he can bring huge wealth to brokers!"

"Really?" Dai Li smiled slightly, and then said: "Then do you think Taylor can still have hundreds of millions of commercial value? Don't forget that he is no longer young, he is already thirty-two years old."

"Well, that's true. In that game that year, he bit Highfield's ear in full public view, which caused him to lose all his sponsors. Even now, those advertising sponsors are afraid to avoid him. No, no one is willing to find a tainted person to endorse their products." Steven analyzed rationally.

"Then you still want to be his agent?" Li Dai asked.

"Of course!" Steven gave an affirmative answer: "Even if he doesn't have any income from advertising endorsements, he can still make a lot of money from boxing. He's a bit beaten at his age, maybe. He will retire within a few years of fighting, but the appearance fees and bonuses for boxers are still very high. Even if he fails to win a match, he will still be able to earn 10 to 20 million in the future with the appearance fees, and this For me, it’s a share of one or two million! This is a huge sum of money, and many people may not be able to earn so much money in their lifetime.”

Dai Li nodded. In the United States, jobs with a monthly salary of more than 3,000 US dollars are either relatively decent jobs, or they are hard physical jobs that most people are not willing to do. Supermarket salespersons and restaurant waiters and dishwashers will definitely not earn that much. According to statistics, the median annual income of an American family is about fifty-three thousand U.S. dollars. One million U.S. dollars is equivalent to the income of an American family for 17 or 18 years. For an individual, it is almost the same to earn this much money in a lifetime. .

However, Dai Li was not optimistic about Steven. He said, "Tyler is outside. You can ask him if he intends to let you be his agent, but don't get your hopes too high."

"Why?" Steven asked.

"Tyler was deceived by an agent before, the same agent he fired before. Taylor told me that the agent stole a lot of money from him, including a towel for a few dollars, and his agent reported him $8,000. In this way, his agent has polarized almost all of his money, so he does not trust the agent now." Li Dai explained.

"There are indeed many unethical people in our industry. In fact, there are scum in every profession. The main job of our agents is to help clients make more money. I believe no one wants to have trouble with money. If Kai If Vin Taylor wants to make more money, he must need an agent." Steven said

"Well, in that case, I wish you good luck."

"I don't need an agent!" Taylor shook his head firmly.

"Mr. Taylor, I know you have been deceived by an agent before and lost a lot of money, but I am not the kind of scum without professional ethics. I can guarantee that if you choose me to be your agent, I will Your interests come first. You will definitely make the right decision by choosing me," Steven said.

Taylor was not moved and still shook his head without hesitation: "I really don't need an agent now."

Steven puffed up his chest and then persuaded: "I am still Barron Phillip's agent. Barron Phillip, Blade Runner, you must have heard of him! Since I became Phillip's agent, I have I have won over 15 million in advertising endorsements for him, so my professionalism is completely worthy of your trust."

Taylor looked at Steven's earnest expression and sighed helplessly: "I'll tell you the truth, I'm actually bankrupt!"

"Bankruptcy?" Steven was suddenly surprised. Of course he knew what bankruptcy meant.

"How much do you owe the bank?" Steven asked immediately.

"More than 20 million US dollars." Taylor didn't hide it.

"Twenty million! So much!" Steven's expression suddenly became extremely solemn.

Taylor nodded with a wry smile: "So you understand now? I can't afford an agent at all."

Steven suddenly felt a little disappointed. He thought he had caught a big fish, but he didn't expect that it was just a big fish bone with no meat on it. If he wanted to throw it away, he would have to pay an extra fee. Garbage disposal fees.

No agent is willing to take over a bankrupt athlete. A bankrupt athlete means no profit for the agent. What's more, Taylor still owes the bank more than 20 million U.S. dollars, which is not enough for the vast majority of American athletes. They are all astronomical figures. If calculated based on after-tax income, even in the NBA, there are not many stars with career income of more than 20 million US dollars.

"Kevin Taylor is 32 years old this year. He is no longer at his peak. He is not the super boxing champion he was back then. How long will it take for him to repay the 20 million in the bank after his comeback? Three years? Five years? At that time, he was probably no longer able to win! It would definitely be unprofitable to be his agent. No wonder he doesn’t have a new agent now. Everyone is not a fool. Who would work without making money? Dry?"

Steven made some calculations in his mind and immediately gave up his previous thoughts. He was not going to take on a client who couldn't make any money.

After more than half an hour, Steven returned to Dai Li's office.

Seeing Steven's mysterious look, Dai Li couldn't help but ask: "How was the conversation with Taylor? Is he willing to let you be his agent?"

Steven did not answer, but took a step forward, lowered his voice and asked: "Kevin Taylor is bankrupt. He owes more than 20 million, did you know?"

"Of course I know." Dai Li nodded.

"Then you still let him train here? Can he afford the training fee?" Steven continued: "You are not an American, and you may not know much about bankruptcy protection. Taylor is now in bankruptcy protection, and many consumer items All will be restricted, and according to the repayment plan after debt restructuring, his money must first pay back the tax arrears, and the rest must be paid back to the bank first.”

"I know, he can't afford a penny of training fees now. Sometimes I even have to pay for his lunch." Dai Li said calmly.

"Oh my god, Coach Li, you should understand that you are opening a training gym, not doing charity!" Steven said.

"Of course I'm not doing charity, but I believe that the training fees Taylor owes me will definitely be repaid. This is like an investment. Isn't it the same for Philip at the beginning? What's more, Philip didn't even have a professional career at the beginning. Not even an athlete, but Taylor is a former super boxing champion after all." Dai Li answered easily.

"Coach Li, Taylor owes the bank 20 million US dollars!" Steven reminded.

"More than 20 million." Li Dai corrected: "I know everything you said."

"You know everything, but you still dare to do this? You are really crazy!" Steven shook his head: "Li, you are a professional sports coach. You should know that Taylor is no longer what he used to be. He has long passed his prime. , and his condition will get worse as he grows older, and he will not make much money in the future. As a friend, I must remind you that if you do business like this, you will definitely lose money."

"I have confidence in my athletes." Dai Li smiled: "I believe that with my training, Taylor will definitely return to the top!"

"Well, I don't know where you get your confidence from. You are too stubborn and I can't persuade you!" Steven shook his head helplessly and turned around to leave.

"Wait a minute, you haven't told me yet, has Taylor agreed to let you be his agent?" Dai Li stopped Steven.

"Even if he agrees, I won't agree! Unlike you, I found myself a loss-making deal." Steven shook his head: "Okay, I'll leave first. I'll run to you as soon as I get off the plane. Here it is, now I have to go back and take a shower and have a good sleep."

"Buying at a loss?" Dai Li looked at Steven's leaving figure and shook his head to himself.

"It's not certain who made a loss-making transaction!"