Feng Yu realized that if a person is famous, whatever he does will be on the headlines. For example, Feng Yu had been keeping a low profile recently, but because the LA Wind and Rain team won the championship, Feng Yu was on the headlines again.
Feng Yu was helpless. If the team is playing well, you should say the coach's tactics are right, the manager's operation is good, and the players are playing well. Even if you say the team's doctors are good and the team has almost no injuries this year, it has nothing to do with me.
Feng Yu does not want to be on the headlines at all!
There are even sports reporters who want to interview him and ask him if he intends to buy any other teams, like football, women's basketball, baseball, etc.
Feng Yu was rejected by his men. He was only buying the team for fun and did not expect to make money from it. Furthermore, he does not even watch those games.
But he signed some endorsement contracts with the players, and the results are good. Their endorsement fees are not high, and they suddenly became the champions. If they did not sign the contracts three years earlier, their value would have doubled!
For example, this year's MVP, Pierce. He scored many difficult goals in the finals, and his success rate is very high. Carter, who lost the MVP award, is also very popular. His basketball is more enjoyable, even though he mainly dunks.
Feng Yu had invested 1 million USD in gambling and won 1.2 million USD. He gave this money to the team as a bonus.
After winning the championship this year, the team's broadcasting rights next year will surely be better. At least CNN had bought the broadcasting rights for the team for the next three years. There are also the team's tickets, jerseys, arena advertisements, etc. These are all part of the team's income.
Elgin even promised Feng Yu that the team will be profitable from next year onwards. Actually, with the playoffs this year, the team is already profitable. He did not expect a lousy team to be profitable in two years.
Feng Yu does not care about this. Even if the team is not profitable, he did not make any losses from his investment. Now, the team's value has increased by a lot. The team's historical results were also an important part of increasing the team's value.
Kirilenko dreamed of forming a Russian team in the NBA. Feng Yu also wanted to try and form a Hua Xia team. Even if they could not gather enough players, they could let the basketball players from Hua Xia come to the NBA to train during the off-season. They could experience the physical competition and training intensity here.
Nowadays, the national team had been living and eating here all the time, and they often acted as free training partners. Feng Yu also asked the scouts to take a good look at the domestic players. If there were any that could be used, they would be selected in the future. Even if they were given to marginal players, the domestic players would still be happy.
There was a huge difference between the intensity of domestic competitions and professional basketball competitions. It was not easy for other basketball stars to earn so much money. Feng Yu's actions had left a good impression on him. Even Wen Dongjun, who had helped to contact Feng Yu, had also benefited from this. He had changed from a Chief Staff member to a derelict Section Chief.
A few days ago, Feng Yu and his men had bought back Enron's shares. All three parties had made a few hundred million USD. The last time they cooperated with Feng Yu to dump Microsoft and other tech shares, they had suffered some losses. But the losses were not as much as what Feng Yu had brought them this time.
As expected, Citigroup, JPMorgan Chase, etc. were sued in court.
During this period, Enron's share prices had fallen below 5 USD, and no one had expected this outcome. If the trading of Enron's shares had not stopped at any time, Feng Yu would not have bought back Enron's shares so early.
Those who believed Enron's top management's claim that Enron's share prices will soar were crying. They did not expect Enron to falsify their accounts. You all falsified their accounts just because you say so, and a non-financial staff saw through it. You all are too lousy at falsifying accounts.
Enron's share prices plummeted, and they lost all their money. Enron's top management and directors were sued, but they used some legal means to transfer their assets.
For example, they transferred the assets to their parents, wives, or children. As long as they can't prove that they got the assets illegally, the court has no right to confiscate them.
Citigroup's share prices started to plummet. Citigroup will face compensation of more than 2 billion USD, and JPMorgan Chase will face at least 1 billion USD!
But at this time, the stock market started to recover. Some veteran blue-chip companies started to pull the market up. But the internet technology shares continued to fall.
Especially Nasdaq. Most of the tech stocks are listed there. The legendary market capitalization of those internet companies was also created on the Nasdaq market.
Therefore, the Nasdaq stock index fell back a little, and then it started to fluctuate continuously. It seems to be unable to rise anymore, but it also does not have any intention of falling.
The stock market seems to have entered a dormant period, and internet technology shares are no longer popular. At this time, AT&T was exposed to be suffering losses, and the losses will increase.
This caused the dot-com bubble to burst.
These few years, AT&T had been building fiber optic cables, and the US internet transmission capacity had increased by more than ten times within a few years.
But the demand had increased by less than three times.
They had to issue shares and take loans to raise funds. This increased their debt and cost, but their profits did not increase by as much.
Some telecommunication companies had no choice but to accept their fate of being taken over by others, and some even went bankrupt.
When the US dot-com bubble burst, Hua Xia's internet bubble had just started to rise.
There are only about 10 million netizens in Hua Xia, and this is because of the Legend of Mir game. If not, there will be even fewer netizens. Now, Sina, Sohu, NetEase, and other companies are listed on Nasdaq, and many companies know that the internet can create tycoons!
Many people in China started to chase internet companies, and any company that is related to the internet will be popular. Many companies' share prices hit the upper limit, and many companies don't even know why.
Feng Yu knew that some internet companies' share prices had increased after they got listed in China. But when Feng Yu heard the names of these companies, he realized he is not familiar with them. He had never heard of the names of the bosses of these companies. They should not be famous people in Feng Yu's previous life.
The legend of getting rich online is too attractive. But these companies need to find someone to take over their shares. If not, they will also be finished when the bubble bursts.
China's internet companies started to poach people with high salaries. Even the people from Microsoft's Hua Xia branch were poached by Chinese companies. These companies can afford to pay higher salaries than Microsoft.
There were also internet companies that directly put up huge advertisements in various places, even on TV. No one seemed to know what these companies were doing, but they were doing it to attract views and to raise funds.
Spending on the internet is like spending money on water. These companies are flaunting their wealth. They are telling other investors that their companies are rich, and if they buy their shares, they will surely make money.
What if they run out of money? They can issue more shares, and they will have more money to spend.
This is a sign of the capitalists' greed. Once this bubble bursts, the ordinary investors' money will evaporate. To the major shareholders, they will not be able to sell their shares now, and it is only a number. They will only own more shares.
During this period, many companies approached Taihua Consulting to seek investments from Taihua Consulting. But Sun Lijie rejected all of them. Sun Lijie will not invest in them even if they give him voting shares. General Manager Feng had told him that most of these companies are exaggerating their future. Now, everyone is still in the exploration stage, and no one dares to make any promises. Even some internet companies in the US had started to apply for bankruptcy protection.
Because of this, Sun Lijie rejected many companies, until a person called Li Yanhong appeared.
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