Han Chudong does not have any intention of buying a sports team at the moment.
However, when his remarks reached the ears of someone with ulterior motives, the owner of the Los Angeles Lakers took the initiative to approach him and asked an old friend who had met Han Chudong at a party to ask him if he wanted to buy the Lakers, offering a price of 20 million US dollars.
This happened on the afternoon of the day the interview ended. The current Lakers owner is named Jack Cook.
The Buffalo Braves also made an offer. This team will be renamed the Clippers in the future and joined the NBA in 1970. Even old fans may not understand this, not to mention that Han Chudong is not an old fan, so he just thought of himself as a sucker in the eyes of others and didn't take it to heart at all.
After asking someone to help collect information about the professional basketball league, he discovered that in addition to the NBA, there is also an organization called ABA (American Basketball Association). The two professional basketball league organizations are currently evenly matched and compete with each other for outstanding players. Since playing in the ABA can earn more, the NBA is often the weaker party whose mainstays are poached.
Competition has affected the development of the entire industry. According to information, there seem to be recent discussions on merging the two organizations.
It seems so.
Han Chudong feels that there is actually a lot of room for appreciation by investing in professional basketball teams nowadays, but the profit is not enough for him to consider. If you want to do it as a hobby, you can try it.
After finding relevant information about the basketball league, he went on to collect information about various European football teams and the Los Angeles Dodgers. While waiting, he received news that a shareholder of the Los Angeles Kings of the National Hockey League was also willing to sell him half of his shares.
It is easy to buy a sports team but difficult to sell it, especially if you are in a hurry to sell it. You can only attract attention by lowering the price or offering a discount.
The recent economic situation is already grim, and more and more wealthy people are choosing to cash out their assets and hold on to their money and wait and see.
Han Chudong clearly stated publicly that he had no such idea for the time being, but there were always team owners who wanted to try their luck with him. It was probably because he built a mansion and bought a Boeing 747 as a private jet, so some people subconsciously thought it was easy to make money from him, just like the middlemen who had been recommending islands and artworks to him recently.
In fact, he really took the opportunity to buy a lot of art.
In the past four months, his expenditure in this regard has reached more than 23 million US dollars. Various exquisite collections have been recommended to him by consultants, including five blue and white porcelains from the Yuan Dynasty and a painting of "Irises" by Van Gogh, totaling more than 80 pieces.
The price of the painting "Luanwei Flower" was higher than the remaining eighty pieces combined, and Han Chudong regarded it as a future treasure to protect his home.
With this rate of spending, it is no wonder that as soon as they heard the news that Han Chudong might purchase shares in the team, the local team owners in Los Angeles flocked over. The only problem is that there are too few wealthy customers willing to take over.
Being tempted again and again, and as the idea of developing the Internet early gradually fell through, and with a large sum of money borrowed from the Swiss Bank Group having nowhere to invest for the time being, Han Chudong really had the idea of buying another "small gift" for himself.
He had the urge to spend several times that night, and the next morning he contacted the owner of the Lakers and Governor Olson, with whom he watched the game last year. At that time, Olson said that he knew Walter O'Malley, the major shareholder of the Dodgers.
Han Chudong asked Governor Olson to ask Mr. Walter O'Malley if he still had any plans to sell his shares in the Dodgers...
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To this.
Assistant Arthur had been helping Han Chudong buy items and assets one after another, and had long become numb. He calmly asked, "The negotiations with Cheval Blanc are coming to an end. The conflict is mainly focused on the price issue. Discussions with the owner of Chateau Margaux are also ongoing. Are you sure it's a good idea to buy the team now? Don't forget that during the interview yesterday morning, the host Lindsay mentioned that you spent too much money."
"What's the problem? I'm spending my own money."
“Bank interest rates are very high.”
"It doesn't matter. Money is depreciating, isn't it? The team's profit should be enough to make up for my shortfall in loan interest."
"...You are the boss, you always have reasons to convince me." Arthur sighed slightly while speaking, thinking to himself that it was true.
Han Chudong was not in a hurry at all, but his assistant was more anxious.
In addition to the interest generated by the huge loan, don't forget the office buildings in the city center, the golf courses and villas in Beverly Hills, the artworks purchased from time to time, and the taxes that will need to be paid soon. All of these are sucking blood from the Mason United Group. Coupled with a series of acquisitions and investments, Arthur always can't help but worry about the flow of funds.
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Fortunately, bank loans do not need to be repaid in one lump sum in the short term, and companies such as Baofeng Electric and Rainbow Beauty do not need to continue investing funds, so there is still sufficient funds at the moment.
However, Arthur felt that at the rate the young boss was burning money, it would not be long before he would have to consider which bank to borrow from.
Han Chudong really didn't worry about money at all. After all, he was only 20 years old, and it was only 1975. He smiled and said, "I'll take a break for half a year after this purchase. Remember to ask the people at the Nasdaq Stock Exchange to see if Baofeng Electric meets the qualifications for listing there. If it does, then go public. The financing will be about 40 million US dollars. When negotiating the terms, remember to use Rainbow Beauty as bait, and save as much as possible on handling fees and issuance costs."
In the end, they were reluctant to let Mango Toys, which contributed a large amount of cash flow, go public first. The equity structure of Baofeng Electric was dispersed, and three electrical appliance manufacturers were introduced. They have already made a small profit as the valuation of Baofeng Electric increased, and they all expressed their approval of the idea of going public this time.
As for Rainbow Beauty, this "cash cow" is gradually expanding through investment and mergers. For the overall interests of the Mason United Group, it will maintain its current status in the short term and will not be publicly listed. There is no need to raise funds from outside. It will not be too late to take it out when the time is right.
After all, Rainbow Beauty, which has achieved overtaking by relying on a patented soft mask, still belongs to the category of traditional enterprises. Now, while Han Chudong attaches importance to industrial diversification, he has begun to focus more on Silicon Valley. Sometimes he feels that if he does not go public and if he does not attract a large amount of funds for mergers and expansion, he will most likely be suppressed by certain capital forces. However, there has been no such sign recently.
Therefore, it is more in Han Chudong's interest to continue to delay...