Chapter 1238 - The Olympics Games lacks funding

Chapter 1238 – The Olympics Games lacks funding

The General Administration of Sport’s Chief, Zhao Yan, listened to Ma Bo’s report and felt very lucky. If Ma Bo was not his former secretary, he would have thought this is a joke.

The Football Association does not need to spend a single cent and can get most of the credit. Although they will lose some power, the General Administration of Sport can use its funds in other areas. Don’t forget that China had successfully won the bid to host the 2008 Olympics Games. The General Administration of Sport needs to spend a lot in many areas.

“How do you know Manager Feng?” Zhao Yan asked curiously. How come he doesn’t know Ma Bo knows Feng Yu in the past?

When Feng Yu helped the General Administration of Sport in the past, Zhao Yan was still a Deputy and did not have the chance to interact with him.

“It was Manager Feng who had contacted me. I was surprised at first, but I think this is good for the association after some thought. After all, he owns his own team overseas. Although it is a basketball team, that is the most successful basketball league in the world. I think he is more experienced than us. More importantly, money is not a problem for him.”

The last sentence is the most important.

Zhao Yan is excited. “How much do you think Manager Feng will invest?”

“From what he mentioned, I think it is around 1 billion!”

“How much?! 1 billion?! Ma Bo, you had made a great contribution!”

The General Administration of Sport does not need to issue funds to the football association for the next few years. Even if they still issue funds, it will not be as much as before. If Zhao Yan gets to speak to Feng Yu, the latter might invest a lot more.

“That’s all because of your wonderful leadership.” Ma Bo started to flatter Zhao Yan.

“Ok. Help me ask Manager Feng out. I would like to speak to him and see if he can support our country’s other sports.”

Feng Yu had donated a lot to the past two Olympics Games and should be donating more in the 2008 games as it will be held in Beijing.

…….

“Eh? Why are you here again?” Feng Yu arrived at the General Administration of Sport. They saw Wen Dongjun when he enters Zhao Yan’s office.

Wen Dongjun gave Feng Yu an unhappy glance and served him tea before leaving the office.

Damn! Who wants this promotion?! I was enjoying my time at the Basketball Association and was forced to be transferred back to the office. Why am I being appointed as the secretary again?! I still need to serve tea to others!

“Xiao Wen, sit down and join us.” Zhao Yan said.

“Manager Feng, I heard Xiao Wen is your childhood friend. I had transferred him to be my secretary temporary. I will be appointing him as one of the Olympics Games Committee Member. If he does a good job, he will have a bright future.” Zhao Yan laughed.

Feng Yu did not object. In his previous life, the 2008 Olympics is the first time China tops the medal table. This is a great achievement to all the General Administration of Sport’s staff.

Feng Yu glanced at Wen Dongjun and replied to Zhao Yan. “That’s right. We had grown up together, and he was still my cameraman at my wedding.”

“Manager Feng, I will not beat around the bush. I heard from Ma Bo that you have the intention to set up a company to manage football league and is also willing to invest a large amount to groom our country’s footballers, including the youths.”

Zhao Yan purposely emphasized the words, ‘a large amount’.

Feng Yu nodded. “That’s right.”

Ma Bo, who was sitting beside, sigh with relief. He was afraid Feng Yu would suddenly change his mind.

“I heard it will be at least 1 billion?” Zhao Yan continued to ask.

When Ma Bo reported to Zhao Yan, he said it was 1 billion. But now, it had become at least 1 billion. This is a hint to Feng Yu to invest more.

“That’s right. It will be at least 1 billion. I think this should be enough for the stadiums, training centers, and other facilities.” Feng Yu nodded.

“Manager Feng, just the stadiums’ turf maintenance is not a small amount, and you mentioned the training centers and youth players, etc. 1 Billion is not enough. Some of the clubs are unable to invest much money.”

Zhao Yan is slightly worried. The clubs’ owners might be billionaires, but they are unwilling to spend even 10 million.”

“1 Billion is enough. I am talking about USD!” Feng Yu said casually as he crossed his legs.

Hiss….

Zhao Yan and Ma Bo look at each other in shock.

1 billion USD?!

This is not a small amount!

Only Wen Dongjun remains expressionless because Feng Yu had gotten some information from him. He knows how much money Feng Yu is going to invest. Also, he knows Feng Yu well. Feng Yu can earn lots of money, but he also spends a lot.

“Manager Feng, did I hear wrongly? You are saying it’s 1 billion USD?!”

“That’s right. We need to revamp and rebuild many stadiums and add in some facilities, including training equipment. The league also needs prize money, and I am thinking of offering lucrative prizes for the winner.” Feng Yu replied.

“Manager Feng, what other requirements do you need? Just tell me, and I will settle it for you!”

Zhao Yan becomes decisive suddenly. If any of the clubs reject, he will bar them from competing!

“I will make this company into a shareholding, and all the clubs should contribute a little and own some shares. 50% of their ticket sales must be handed over to the company and distributed to the rest of the clubs based on the proportion of the shares. A portion of the ticket sales will be kept as the winner’s prize. The other 50% will go to the clubs. This will help those loss-making clubs. As for how much each club should contribute… I think 10 million RMB is enough. They might not afford anything more than that, and anything lesser, they might not get any shares.”

“Alright. I will let them know, and they will fork out the 10 million obediently. Our original plan is 12 teams in the Super League. Do you think it is enough?”

“Yes. Also, the company will have the final say in which team will be promoted. I hope the association or other leaders will not interfere. I did not invest so much money for fun.”

“Sure. As long as it did not violate our laws and FIFA regulations, no one in the country will interfere. You can rest assured.”

Zhao Yan does not dare to do anything that will piss this God of Fortune off. If he did anything that chased Feng Yu away, the higher-ups would not let him off.

Although having more money does not mean anything, but it is political credits to the Sports Administration.

“Someone will be here to discuss with you all about the details, and I shall not say anymore.”

“Alright. I will get Xiao Wen to contact your men. All the paperwork and procedures will be approved, and just look for me if there are any problems. Oh, the Olympics Games will be held here in 2008. Err… We also lack funds for the Olympic Games.” Zhao Yan looks at Feng Yu with anticipation.