"In addition, Hoop Sports has also booked about $3 billion in funding for the future, which will successively buy the network broadcast rights of the NFL, MLB and NHL."

"With that $3 billion, we can only cash out the shares of some small companies in Silicon Valley, and then get together the $3 billion?"

Qiao Zhishui looked helpless, with the rapid expansion of Facebook and Quickplay, the funds invested in seawater suddenly became abundant, and he invested in many small companies in Silicon Valley, and the income was not bad.

But as Hoop Sports began to enter the television network broadcasting industry, the huge broadcast fees forced him to sell some of the fruits of his investment and scrape together a large amount of money.

Now, Qiao Hai came over again and asked for a sum of about 300 million US dollars in cash, and Qiao Zhishui was a little powerless.

"Dahai, now there are two ways, one is that you wait for three months, and after I cash out the shares of a company in Silicon Valley, I can directly give you 300 million, and the other way may be to take out a loan, use part of the equity of Hoop Sports or Quickplay as collateral, and you can get the cash you want."

Qiao Hai nodded, but he couldn't wait for 3 months, as for the loan mortgage, Qiao Hai hadn't considered it for the time being, although he had already obtained American citizenship, but in essence he was still a Celestial Empire, so the difficulty of the loan was still relatively large.

So, now he thinks about how much it will cost to buy a 5% stake in Nelly.

"Bobcat is currently $480 million, 5% of the shares, $24 million is enough, counting a little premium, a maximum of $30 million is enough."

Qiao Hai calculated, and then, he looked up at Qiao Zhishui: "Ah Shui, you prepare $30 million in cash for me, and then help me cash out $300 million in cash, and I will use it in three months." ”

With such a compromise, Qiao Zhishui was also able to breathe a sigh of relief, so Qiao Zhishui also nodded and replied: "No problem." ”

……

After Qiao Hai got $30 million in cash, he directly found Nelly.

Nelly was indeed interested in selling his 5% stake at this time, and for Nelly, buying a stake in Bobcat was just an investment, and he was not so interested in basketball.

For Nelly, the investment has appreciated so quickly that in just two years, Bobcat's market value has risen from $300 million at the start of the team to $480 million.

Nelly had invested $15 million, and now he was able to get back at least $24 million from that investment, and the return on investment was already quite large.

Nelly's economic advisers believe that it is difficult for Bobcat's market value to continue to rise for two reasons.

On the one hand, because the city where the Bobcats are located is a small city, the size of the city makes the Bobcats team have some limitations.

On the other hand, because the Bobcats' market value of 480 million at this time is already among the top NBA teams, if it weren't for the Bobcats reaching the Finals last season, the Bobcats' market value would not have reached such a height.

Therefore, Nelly's economic advisers believe that selling Bobcat's shares at this time is a bargain sale.

So, but Qiao Hai came to the door, the two of them hit it off, and after a little negotiation, Qiao Hai directly spent $25 million to take the 5% stake from Nelly.

……

At the beginning of August, Michael Jordan stood in front of the stage.

He appeared directly at the Time Warner Center as a Bobcat shareholder and held a press conference to announce that he had officially joined Bobcat.

Qiao Hai also took Nelly's stake at the same time.

The Bobcats' stake distribution becomes — majority shareholder Robert Johnson still sits on 70 percent of the shares, Michael Jordan 15 percent, and Joe Hay 15 percent.

For the time being, Qiao Hai and Michael Jordan are still on an equal footing on the board.

So, in a three-person board meeting, Michael Jordan first proposed that he want to join the management of the Bobcats, and Qiao Hai directly objected.

'Michael, I know you'd love to contribute to the team back home, but one thing you have to know is that the momentum is going on and I don't want to disrupt the rhythm of the team.

Qiao Hai's words, Michael Jordan naturally disagreed.

"No, Joe, I don't think my arrival will disrupt the team's current rhythm, on the contrary, I think that my arrival can help the team, I don't ask for much, you are the executive president of the team, I only need the position of executive vice president."

Michael Jordan still wanted to join the management of the Bobcats, but Qiao Hai was naturally reluctant to agree, and the two argued.

But in the end, under the coordination of Robert Johnson, Michael Jordan still got the position of executive vice president, but at the request of Qiao Hai, Michael Jordan could not interfere in the transfer of the team, which was Qiao Hai's bottom line.

……

The board of directors ended, Michael Jordan left, Johan stayed in the conference room, and Robert Johnson was retained.

He was very direct about his idea: "Robert, I want to buy your stake in Bobcat. ”

"Do you want to buy my shares? That's a 70% stake. Robert Johnson is not surprised, after Michael Jordan enters the Bobcats, Qiao Hai will definitely do everything possible to increase his Bobcat stake.

But he still exaggerated: "Based on the current market value of Bobcat, you have to shell out at least $340 million to get the 70% stake, which is $340 million." ”

Robert Johnson obviously doesn't think that Qiao Hai can come up with so much money, after all, this is 340 million US dollars, in 2006, even in the United States, there are still not many predators who can come up with so much liquidity, Qiao Hai obviously does not look like a predator who can directly come up with 340 million US dollars in cash.

But to Robert Johnson's surprise, Qiao Hai unexpectedly said: "Robert, money is not a problem. ”

Robert Johnson was naturally very surprised, but he still shook his head: "Joe, I'm sorry, according to my agreement with the league, I must be the majority shareholder of the team within five years of the Bobcats' establishment. ”

"Major shareholder?" Qiao Hai quickly found the loophole. "If it's such an agreement, you can sell me a portion of the shares."

Robert Johnson was also very quick to think: "It can only be sold for 20%. ”

"That's right, that's 20%." Qiao Hai nodded, very firm.

Robert Johnson smiled: "Then it depends on your bid." ”

……

Qiao Hai calculated the price, 20% of the shares, according to the market value, is 96 million US dollars, Qiao Hai's team negotiated with Robert Johnson, and quickly set the price to 100 million US dollars.

So, they quickly reached an agreement, Qiao Hai bought a 20% stake in Robert Johnson for $100 million in cash.

As a result, the equity distribution of Bobcat has changed again.

Robert Johnson is still the majority shareholder, he still owns 50% of the Bobcats, and Qiao Hai's stake has risen from 15% to 35%, which is already far more than Michael Jordan's 15%.

In the battle for equity, Qiao Hai still won.

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