01-08-2021, 12:11 PM
(01-08-2021, 10:55 AM)ArielCasper Wrote: I agreed with JS's uncle points.. Before JS won the gold medal, how much did sport council help in paying for his expenses? Compared this with the money that we poured in for grooming the imported talents in Table Tennis.
After JS won the gold medal, did sport council compensated the family for the money that they have spent grooming him to be a gold medalist?
If we compare JS as a vaccine (no disrespect to him) when JS is still a nobody, the amount of money invested on him (VC) should earn the biggest share of JS..
Subsequently, when JS become a viable prospect (vaccine passed 1st and 2nd stage of clinical test), more rounds of funds are invested on him, taking up smaller stake in JS.
Finally, JS won the gold medal (aka vaccine passed EUA and can be sold commercially) and Singapore given him a good reward for winning (buy a stake in the company after vaccine is launched), and any product endorsement that subsequently came with it..
But the expectation in the internet is that since he got the reward for winning, the majority stake of JS should be 'owned' by those who is last to invest in him. Of course, those who is last to invest can do a buyout (at a premium) of all the stake of JS from existing shareholders, but are they doing that? I don't think so.
If this is the kind of expectation, who want to win a medal next time because no one can promise they can continue to win in major competition...
I believe he was compensated after he got his Olympic gold medals from the monentary reward and the endorsement plus a monthly pay for the next few years. Exactly how much we won't know, but should be much more than one mil in total. His coach that prepared him for the Rio Olympic was engaged to be our swimming head coach after that also.