Chapter 800 – Sponsors
“Feng Yu, why are you here?” Wen Dongjun was surprised to see Feng Yu. This was the General Administration of Sport of China office. What business does Feng Yu have here?
“I am here to meet your leaders. Oh, what are you doing now?” Feng Yu looked at Wen Dongjun. He had spoken to Wen Dongjun several times over the phone, but Wen Dongjun does not want to reveal what his position was. He only told Feng Yu that he was working in the General Administration of Sport office.
Wen Dongjun’s face changed when Feng Yu asked this question. “You are the big boss that the leaders are waiting for?”
“What’s wrong? I am not a boss?”
“You are. Come. I will bring you over.” Wen Dongjun said with a dejected look.
“Secretary Wen, this document needs Chief Lu’s signature.” A girl saw Wen Dongjun and passed a document over.
Feng Yu looked at Wen Dongjun in shocked. Secretary Wen? Hahaha. No wonder this idiot does not want to tell Feng Yu what he was doing in the General Administration of Sport office. This idiot hated the position of secretary the most.
Wen Dongjun also never expected that he would become a secretary after he entered the General Administration of Sport office!
“Eh, eh, eh. Zhang Han’s father arranged this secretary position for you?”
“Stop talking about it. I was with the basketball division. But when Chief Lu knows about my relationship with Zhang Han, he transferred me to be one of the secretaries in the office. I am much happier at the basketball division. All I need to do is to look after the basketball gymnasium.” Wen Dongjun was pissed when mentioned about this. It was all the fault of his connections.
“Hahaha, Chief Lu did this is also because of your future father-in-law. You will move up the ranks faster as the leader’s secretary. If you are really not interested in this position, I can help you.”
“How?”
“You will know later.” Feng Yu replied mysteriously.
“Chief, Feng Yu is here.” Wen Dongjun knocked on the door and said.
Chief Lu frowned. This Xiao Wen does not have any manners. This big boss is here to talk about sponsorship. Even if he is about the same age as you, you also can’t address him by his name.
“Manager Feng, I finally get to meet you.” Feng Yu had hired many athletes in the past for his advertisements, and Chief Lu knew about his. But at that time, he thought nothing about it.
But later, Chief Lu found out that those athletes and Shenyang’s General Administration of Sport made lots of money from the endorsements, he regretted. He should have transferred those athletes to the National General Administration of Sport Office. This way, all the money will go into his department. Because of this incident, he even scolded those people at Shenyang.
One of Chief Lu’s men at Shenyang told him that a big boss wants to make some sponsorship, and Chief Lu immediately invited Feng Yu to his office.
“Chief Lu, you are modest. Under your leadership, our athletes’ performance had been improving.” Feng Yu replied.
“Hahaha, thank you for your praises. It is due to everyone’s credit.” Chief Lu replied humbly.
“Chief Lu, can I know why you want to meet me?” Feng Yu asked.
“Manager Feng, I will be straightforward with you. I had invited you over is to talk about money. This year is the Olympic games. It is also the 100th anniversary. We have many more participants compared to the last Olympic Games, and our General Administration of Sport is short of funds. There are many events which we can’t afford to register for our athletes.”
Feng Yu immediately said: “Ah, Chief Lu. Actually, I also want to speak to you about this. How much is the shortage? I will sponsor it!”
Chief Lu was shocked to see Feng Yu agreeing. He had prepared lots of scripts to persuade Feng Yu. But before he could use any of those scripts, Feng Yu had already decided to sponsor them.
Chief Lu looked at Feng Yu and thought to himself. Should I ask for more funds?
“Manager Feng, how much are you willing to sponsor?” Chief Lu asked.
“I will sponsor whatever shortages you all have. Also, I will prepare cash rewards for all medalists.”
Feng Yu remembered that in this 1996 Olympic Games, China had won a lot more medals than before. But the total number of medals was about 50.
“Manager Feng, Mr. Fok from Hong Kong, will be sponsoring our medalists. But the rest of the athletes had also contributed a lot to us. Can you provide some assistance to them?” Chief Lu asked.
Hong Kong’s Mr. Fok? Feng Yu suddenly remembered Fok Ying Tung Foundation. The foundation rewards Chinese gold medalists with a 1,000 grams gold medal and 80,000 USD cash prize. The silver medalists will get a 250 grams gold medal and 40,000 USD. The bronze medalists will get 150 grams and 20,000 USD.
This Fok Ying Tung Foundation was set up in 1984. Mr. Fok had donated 100 million HKD to set up this foundation. Over the years, the foundation had made a lot of money from its investments, and Chinese athletes did not perform well in the past few Olympic games. Feng Yu heard that the foundation’s money had increased by quite a lot.
The gold prices at the moment were worth 120 RMB for 1 gram. The USD exchange rates with RMB was 1:8.4. That means the gold medal, given to the gold medalists, was worth almost 800,000 RMB. The silver medalists and bronze medalists will get 360,000 RMB and 180,000 RMB worth of gold medals, respectively!
Fok Ying Tung Foundation will be giving out more than 20 million RMB for this year’s Olympic games!
Feng Yu had a headache. This damn Fok family was too generous. They should not expect the Chinese athletes to improve so suddenly.
“Chief Lu, do you have any suggestions on how we are going to reward the rest of the athletes?” Feng Yu asked. He does not have any ideas on how to reward those athletes fairly.
“Give each athlete some sponsorships will do. How about 10,000 RMB per athlete?” Chief Lu was confident that the Chinese Athletes would win more medals than before in the upcoming Olympic Games, and he felt Feng Yu would change his mind if he knew that the Fok Ying Tung Foundation will be sponsoring the rewards for the medalists. That’s why he suggested Feng Yu sponsor the rest of the athletes.
Chief Lu thought that Feng Yu might be a successful businessman, but he still can’t be compared to Hong Kong’s Mr. Fok. It will not be a small amount for Feng Yu if he can donate 1 million RMB.
Feng Yu: “……” This is not called reward or sponsorships. You might as well tell me to pay for their travel expenses!
But this is also not a bad idea. It’s only a few hundred athletes. But Feng Yu does not want to give away a few million RMB without any returns.
“This is not a problem. How many athletes are there in total?”
“We estimated that we will have around 480 people in this contingent. Among them, there will be about 300 athletes, and the rest are coaches and team doctors.” The contingent was set at 450 people at first. But with Feng Yu’s sponsorship, they can increase the number slightly.
Feng Yu thought to himself. There must be those government officials tagging along. I am asking about the athletes, and you include everyone in? Never mind. I will sponsor everyone.
“Ok. I will round off the athletes’ sponsorship to 5 million RMB!