Chapter 117: Error 117
Hector's father is wealthy. He is one of the richest people in Mexico, but where does her wealth come from? He started as a lawyer. At the beginning of his career, his income was mainly through commissions.
But how can a simple lawyer afford to have so much money? Enough to afford to invest in sports? Many links were created among the high society of Mexico because of many cases that had to be concealed.
He was Carlos Slim's henchman. Who is Carlos Slim? According to Forbes, he is the eighth richest person in the world. He has some shares in the companies of which Carlos Slim is a shareholder or owner as a reward. Hector's father ends up with huge funds without going through anyone.
Its strategic direction to evolve is the world of sport. And his first investment without knowing it was his son at this famous party. He first negotiated the NBA TV rights in Mexico, which allowed him to have a G League team later.
At Hector's request, he chose to turn to football. His main partner? Hector himself. He is the one who puts the money, but it is Hector who puts the strategy in place. Hence the vast funds they invest.
Carlos has no reason to stop Hector. They created the holding company Global Error. He and Hector hold 40% each, Carlos Slim 17%, and the Jurado family 3%. The strategy in place is similar to that of Red Bull.
With solid finances, Hector started with Santos Laguna. The goal is to build a club pyramid by buying cheap clubs in strategic locations that could benefit businesses.
By taking complete control over the club, whether the stadium or the training center, without hesitating to spend money to build if necessary.
Carlos oversees the basketball teams, while Hector manages the football subsidiary. He bought BBC Nyon, which was crying out in despair about its financial situation in Switzerland. Then he purchased the Salon de Provence club in France and plans to relocate it to Marseille with a new identity.
Sapela Basket 13 currently plays in the 4th tier of French basketball.
The goal is to have a team worthy of the name in France's second most populous city. The potential of French basketball is known to all. The first pick of this draft, Victor Wembanyama, and Bilal Coulibaly, is an example.
Salon-en-Provence is in the Marseille region, so it will not disorient the supporters too much. This is how the Marseille Provence Basketball Club was created. The change will take place as early as the 2024 season.
Establishing a great basketball club in this city is one of the greatest wishes of French basketball. The purchase of the Palais des Sports is not topical now. Buying and renovating a gym is not excluded, but it is not topical either.
Hector is not inactive, either. He bought several clubs this summer. Multi-club ownership is becoming increasingly common in football and is the model of tomorrow. He has money and intends to make a pyramid of clubs like City Football Group or BlueCo by purchasing Chelsea and Strasbourg in France.
The European clubs he acquired are in the lower division, with one exception. Already for the price and to take into account the local identity. Modernizing the logos, internally training probationers native of the region, and creating links with supporters.
Eventually, he wants 30% of the players on his team to come from his academies. 30% of the teams does not mean 30% of the players but 30% of the minutes played by the players of the academies on the number of total minutes played.
The 30% rule is the fundamental rule that must be reached by each team in its galaxy. The second rule is the prohibition of all sports betting. The third is that only one player per season can move from club to club. Any violation is punishable by susênsion or dismissal.
Some NBA players have also invested in football but are all minority shareholders. Only Michael Jordan and Tony Parker have managed to own most of a professional sports club. It must also be said that the teams were less valued than today, but you must have strong financial support to afford it.
Hector differs from both in the sport in question and the investments. LeBron James is a minority shareholder in Liverpool but does not plan the sporting aspect. He is more like an ambassador.
Hector wants to see his investments grow with him. That's why he spent much money in different places.
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