Feng Yu discovered that if a person is famous, no matter what he does, he can make headlines. For example, Feng Yu has been keeping a low profile recently, but just because the Los Angeles Storm won the first championship in team history, Feng Yu once again made the headlines.
Feng Yu is helpless. If the team plays well, you should say that the coach's tactics are appropriate, the team manager operates well, and the players play well. Even if you say that the team doctor is good and the team has almost no injuries this year, it has nothing to do with me.
Feng Yu doesn’t want to make this headline at all, okay
There are actually sports media who want to interview him and ask him if he plans to buy other teams, such as football, women's basketball, baseball, etc.
Feng Yu was rejected by everyone. He really just bought the team for fun and did not expect to make money. Besides, he didn't even look at the balls.
However, I have signed some endorsement contracts with these players on the team, which has worked well. Their endorsement fee was not high, but this time they suddenly became the championship. If they hadn't signed the contract three years in advance, their current value would have doubled at least!
For example, this year's MVP Pierce had a huge explosion in the finals, hitting many difficult goals, and his one-on-one success rate was extremely high. Carter, who missed the MVP, is also not low in popularity. His basketball is more enjoyable to watch, although he mainly focuses on breakthrough dunks.
Feng Yu invested $1 million in gambling and won back $1.2 million. He distributed the money as a bonus to the team.
After winning the championship this year, the broadcast rights next year will definitely sell better. At least the American cable TV station has bought the live broadcast rights for every game of the team in the next three years. There are also team tickets, jerseys, arena advertising, etc. These are all part of the team's income.
Elgin even assured Feng Yu that starting next year, the team will be profitable. In fact, with the playoffs this year, they have already made a profit. He had never thought that a bad team could make a profit in two years.
Feng Yu didn't care about this. Anyway, even if he didn't make a profit, he didn't lose money on his investment. Now the price of the team has increased a lot. The team's historical record is also an important part of improving the team's value.
Kirilenko dreams of forming a Russian team in the NBA, and Feng Yu also wants to try and form a Chinese team. Even if they can't get it together, they can still let those Chinese basketball players come to the NBA to train during the offseason and feel the physical confrontation and training intensity here.
The current national team has to eat and live here all the time, and they often serve as free sparring partners. Feng Yu also asked these scouts to carefully examine the domestic players. If they can be used, he will select them in the future. Even if they are used as marginal players, these domestic players will be very happy.
There is a huge difference in intensity between domestic competitions and the NBA. It is not easy for other basketball stars to earn so much money. Feng Yu's move also won a lot of favor from General Sports Ju, and Wen Dongjun, who helped contact him, also took advantage of him and turned from a chief section member into a derelict section chief.
A few days ago, Feng Yu and the others just bought back Enron's shares and returned them. All three of them made hundreds of millions of dollars. Last time they cooperated with Feng Yu to finally sell shares of Microsoft and other Internet technology stocks, and they lost some money, but the money they lost was definitely not as much as what Feng Yu led them to make this time.
Not surprisingly, Citigroup, ***, etc. were indeed brought to court.
During this period, Enron's stock price had fallen below five dollars, a result that no one had expected before. If trading might not be stopped at any time, Feng Yu would not have planned to buy it back so early.
Those who believed Enron executives' words that Enron's stock price would skyrocket all the way to tears. They didn't expect that Enron had really falsified its accounts. You lied when you said you were cheating, and a non-financial person noticed it. Your level of fraud is too bad, right
The stock price plummeted, causing them to lose all their money. Enron's executives and directors were sued one after another, but they used some legal means to transfer their assets in advance.
For example, if it is transferred to the name of parents, wife or children, as long as it cannot be proved that it was illegally obtained by them, then the court has no power to confiscate it.
Due to the implication, Citigroup's stock price also began to fall. It is said that the compensation faced by Citigroup this time will be as high as more than two billion US dollars, and the maximum amount will not be less than one billion US dollars!
However, at this time, the stock market also began to correct, and some established blue-chip stocks were exerting their efforts to boost the market. It’s just that Internet technology stocks are still falling all the way.
Especially Nasdaq, Internet technology stocks are basically listed here. The market value legends of those Internet companies were also created in the Nasdaq market.
So the Nasdaq stock index pulled back a little bit, and then started to fluctuate up and down. It seems that it can't go up anymore, but it doesn't seem like it has any intention of plummeting again.
The stock market seemed to have entered a dormant period, and Internet technology stocks were no longer popular. At this time, Att was exposed, and its performance suffered losses, and the losses would increase.
This time, the bursting of the Internet bubble was further exacerbated.
In the past few years, att has been laying optical cables, which has increased the network transmission capacity of the United States dozens of times in just a few years.
As for demand, it has only increased less than three times.
They relied on additional stock issuance, borrowing and other means to raise funds, which sharply increased their debt burden and cost burden, but their profits did not increase as much.
Some telecommunications companies had to accept the fate of being swallowed up by others, and some even went bankrupt.
When the Internet bubble burst in the United States, China's Internet bubble was just emerging.
At this time, there are only about 10 million Chinese netizens, and this is driven by the legendary game, otherwise there would be even fewer. And with the successful listing of companies such as Xinlang, Nahu, and Wangyi on Nasdaq, many companies have seen the ability of the Internet to create rich people!
As a result, China has also begun to chase Internet stocks higher. As long as stocks have something to do with the Internet, there will be people chasing them. The stocks of companies are constantly rising to the limit, and many companies even don’t know why.
Feng Yu knew that after some Internet companies were listed in China, their stock prices kept rising. But after Feng Yu heard the names of those companies, he found that they were not familiar with them. He had never heard of the names of the bosses of those companies. He probably had not heard of them in his previous life. He's not a celebrity, maybe he's just a flash in the pan.
The myth of Internet wealth is indeed too attractive, but they need to find a successor, otherwise the bubble will burst and they will be doomed.
At this time, domestic Internet companies have begun poaching people with high salaries. Even many people from Microsoft's Chinese branch have been poached by domestic companies. The salaries they can pay are higher than those offered by Microsoft.
Some Internet companies directly place huge advertisements or even TV advertisements in various places. No one seems to know exactly what the company does. It is just to attract page views and use it to raise funds.
Internet spending itself is a big spender. This is a disguised way of showing off their wealth, telling other investors that our company has money and if you buy our company’s stocks, you will definitely make money.
What should I do if I run out of money? Issuing additional shares will cost money again.
This chaotic phenomenon reflects the profit-seeking nature of capital. Once this bubble bursts, the money of ordinary investors will evaporate. In the eyes of major shareholders, they cannot cash out for the time being. It is just a number. Their number of shares will only be more, not less.
During this period, companies continued to come to Taihua for consultation, seeking venture capital from Taihua Consulting, but they were all rejected by the cautious Sun Lijie, who refused to invest in voting stocks. Mr. Feng said that if these companies come up and say how bright their prospects are, they are probably just bragging. Now everyone is still in the exploratory stage, who dares to be 100% sure? I haven’t seen that there are listed Internet companies in the United States, and they have begun to file for bankruptcy protection.
So relying on this, Sun Lijie rejected many people until a man named Li Yanhong appeared.
… (To be continued.)