Chapter 297: Taking Over the Club
Muddy Waters shorted Antler Coffee.
In front of the short-selling giant, this Huaxia enterprise appeared utterly powerless, and its stock price swiftly plummeted.
American media used many expressions to report on this short-selling event.
Countless local retail investors ground their teeth in frustration, once again bloodbathed by Wall Street's short-selling titans.
Retail investors couldn't produce enough asset proof, or find a stock guarantor, making it impossible for them to borrow shares for short selling from investment institutions.
Whenever faced with a short-selling titan, they're also the ones who end up suffering the most substantial actual losses.
Chen Pingsheng named his newly purchased single-story headquarters Tenghui Capital.
Mainly, it was involved in investment and stock trading.
Besides the team he brought with him, he advertised externally and hired some graduates from prestigious schools.
The main focus was still on international students. After all, Pingsheng himself didn't speak a foreign language, so communicating with domestic students who had studied abroad was much more convenient.
There are very few who have studied in America and are willing to come back to the country to find employment.
Unless their parents own a business that they're set to inherit.
The work conditions of five days off after a thirty-two-hour week and the ability to earn a high salary are probably only available to civil service examiners in the mainland.
In just a few days, he also set up a North American branch on Wall Street.
Tong Zelan often visited and asked his opinion on the Muddy Waters short position. Pingsheng's opinion was that he had no opinion.
Tong Zelan instantly understood. No wonder there had only been some bland news released from Xiangjiang, without any serious clarification.
It turned out Chen Pingsheng himself was also considering plundering the retail investors.
Alright, then let Muddy Waters knock the share price down.
Once Antler Coffee's stock falls below its IPO price, she also plans to spend a few billion to buy some more shares.
Antler Coffee is developing extremely well domestically, now mainly aiming for the global market.
The plan is to open stores simultaneously in several other developed countries, seemingly positioning itself against Starbucks.
Chen Pingsheng checked international news in his CEO office while casually researching the English Premier League clubs.
It goes without saying, football is indeed very charismatic. Discover stories at My Virtual Library Empire
To rapidly popularize a brand globally, the best method is to directly acquire an English Premier League club.
It's just that such an endeavor is nothing short of a money pit, only viable for real tycoons.
Pingsheng had an even more far-reaching idea: could he try to acquire an English Premier League club and then select some talented young footballers from home to cultivate?
Only by avoiding the domestic football system and beginning cultivation abroad might Huaxia football have any hope of rising.
It's the path Old Wang once took, and indeed, it proved to be successful.
The only pity is that he shouldn't have delved into domestic football.
As for the idea of buying an English Premier League club, Chen Pingsheng discussed it with Tong Zelan, noting that traditional powerhouse clubs would be impossible to buy.
For those clubs that are not powerhouses, the situation is different. Introduce a strong player, and immediately those top clubs will buy them.
If you want to play football without money, that's utterly impossible.
He was planning to put forth several billion for a long-term investment in purchasing an English Premier League club.
After all, the Alibaba guy bought an NBA team.
Tong Zelan made inquiries everywhere and actually found a suitable English Premier League club for them.
It was Leicester City, located in England.
Last year, this club miraculously secured the league championship two rounds before the season ended.
Afterward, those star players were quickly bought by various traditional powerhouse clubs.
Of course, this also became the most profitable way for the club as player transfers often involve hefty transfer fees.
The owner of Leicester City is also of Asian descent.
Successfully managing Leicester City, his personal wealth surged rapidly in just a few years.
Reaching around two billion US dollars.
Wealth includes a variety, encompassing share value, corporate value, and personal assets, among others.
A two-billion-dollar club owner can't possibly cultivate a powerhouse club.
Just look at how the core Leicester City players were sold off right after winning the championship.
Kante and Drinkwater were bought by Chelsea, and Mahrez was sold to Manchester City.
Many players dream of joining powerhouse clubs, which is quite normal.
The connection Tong Zelan made was still just the owner's intention to sell. The specific price and such still had to be negotiated.
"Old Chen, with your wealth, you could totally create a powerhouse club!"
A powerhouse club implies splurging money to buy, buy, buy.
The transfer fee for a quality player often isn't lower than thirty million pounds.
As for those top players, it's even more exaggerated, easily reaching hundreds of millions in Chinese yuan.
If you want to establish a powerhouse club, you need tens or even hundreds of billions; otherwise, it's impossible.
"Let's talk about that later. The key is to first acquire the club."
"Okay then."
Tong Zelan said, "I'll have the team make contact. You're not short on money anyway. If you truly make a powerhouse club, it would be a huge help for Antler Coffee's global path!"
It wouldn't just help Antler Coffee, but it would mean extraordinary significance for his entire Tengying Group.
It signifies formally advancing from the domestic market into the global market.
As for negotiation, it's nothing but a matter of price.
The owner of Leicester City had already earned several hundred million US dollars from the club over the years, and they had just won the league championship last year.
It was the perfect time to value the team at its highest.
Unfortunately, half of those star players in his team were already transferred out.
The current asking price is 250 million pounds.
In 2014, the club's valuation was still only at 39 million pounds.