LGHTNOVELBOOK Chapter 295: Auction Proceeds_3
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"Of course, burning money is a given!"
Tong Zelan sipped her milk tea, "If you want to transfer assets abroad, you always need a legitimate reason."
"Investing in an English Premier League club is the best excuse, and that sum of money is absolutely nothing to you. A less competitive club could cost four or five hundred million euros, while a top club could be more than a billion euros. It all depends on how much you're willing to spend. However, it's not like you can just buy one anytime you want."
Well... He had to admit that Tong Zelan had much more information about overseas than he did.
Most people involved in football domestically do it to curry favor with those in power so that they can more easily secure bank loans.
And to get their hands on some land resources.
Otherwise, why would anyone gently poached like domestic chickens deserve to talk about salaries in tens of millions?
It's different with English Premier League clubs; everything there is about real strength.
There's no such thing as "mom is the best in the world" level of jokes on the field; it's all about the skill set on your feet.
If he could buy an English Premier League club, it would be quite meaningful for Tengying Group's business layout overseas.
These things can't be rushed; it's not as if you can buy one just because you want to.
The journey is long; it has been a long time since he sat for such a long period as he did now.
Besides English Premier League clubs, Tong Zelan also suggested that he establish his own capital investment firm on Wall Street.
The stock market on Wall Street is different from the domestic ones, where money can be made only by going long.
On Wall Street, there are also many short selling tycoons, which means making money by driving down stock prices.
Besides, there are no daily limit rules on the market here.
If the market conditions are good, it's nothing unusual to see stock prices double or triple within a single day.
If conditions are bad, the stocks can plummet incredibly fast.
From a hundred US dollars per share down to one dollar can happen in a day on Wall Street.
Likewise, going from one dollar per share to a hundred can also happen in just one day.
Wall Street is a paradise for risk-takers and an endless playground for speculators.
The main reason why Tong Zelan often travels abroad is that the stock market here is incredibly fun.
He also pointed out that, compared to the domestic market, it's nearly impossible for Nasdaq-listed companies to go public through fraudulent means.
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It's entirely different from the rampant fake stocks at home.
It's not an exaggeration to say that 90% of the retail investors in China hold a bunch of junk stocks.
If you want to make money through stock trading, it's basically nine losses out of ten attempts.
The phrase "Investment involves risks" covers it all.
Here, most ordinary people engage in the stock market, and their incomes are relatively more stable, too.
Nasdaq and the New York Stock Exchange (NYSE) host a plethora of world-class companies like NVIDIA, Apple, Microsoft, Facebook, Google, and others.
Unlike most domestic businessmen who use all means to chase profits, these technology companies over here seem to be driven more by dreams.
In short, Wall Street is an adventurer's paradise.
And Nasdaq is the place that writes endless legends.
Whoever can reach the top here is the real global hero.
Tong Zelan also admitted that Chen Pingsheng now had few rivals domestically.
His Tengying Group is undoubtedly one of the top mega-conglomerates, just behind the likes of BAT.
Impressive in China, but on Wall Street, he's still a newcomer.
Most here are century-old businesses or families.
Companies like Gao Sheng, Morgan, and the Rothschild Family have been developing for hundreds of years.
They've been touching the global financial industry since World War I, even promoting world-class industrial advancements.
In front of such financial consortia, an individual is completely powerless.
Put simply, Xu Pidai on Wall Street is just a small fry.
The only ones with some global influence are Mr. Ma and Huawei.
As for who can hold their ground on this world-class stage in the future, nobody can say for sure.
Anyway, Tong Zelan is just playing a small role as an investor here.
Many of China's top tycoons are concentrated in this place.
There are also a good number of big shots who fled with their wealth, and they're mostly here as well.
Of course, the heirs in this location are second to none globally.
They attract top second and third generations from around the world.
If you have money, you can study here, even with poor grades. The so-called world-class universities are accessible to these heirs.
This is why China's top wealthy love to donate money here.
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