Chapter 470: It's Not Just for Fun!
More than 200 million US dollars, equivalent to about 1.5 billion Celestial Coins, how to spend it?
Arthur never thought of putting them in the bank to earn interest, because the dollar would become less and less valuable, and other currencies would continue to depreciate.
And there is no escaping global inflation, especially since the balance sheet of the US Federal Reserve has grown from $800 million in September last year to $2 trillion at the end of last year. And it guarantees $8 trillion in debt, so the total is $10 trillion, and if credit starts circulating again, there will be a huge fear.
Undoubtedly, the Fed intends to use the next bubble to save the current bubble from bursting.
In other words, the financial crisis has not really passed, but has only dragged a sudden disease into a slow disease. With the Federal Reserve's "opening of the floodgates", the real economy of the United States is a different picture, such as the bankruptcy of General Motors, the largest industrial enterprise bankruptcy in the United States. According to the information provided by Arthur's subordinates, GM's bankruptcy will affect hundreds of upstream and downstream enterprises to close down together, and one automobile manufacturing job can drive seven jobs in related fields...
On the one hand, the money supply has increased sharply, and on the other hand, the manufacturing industry is declining, and the inflation rate in the United States has begun to rise, and it can be expected that it will rise sharply in the future, and the only strategy that the United States can implement at this time is to reduce its debt pressure through currency depreciation, and the dollar will depreciate both internally and externally.
However, since the dollar is still the world's currency, the United States will pass on its own problems to the people of the world, and this is the nature of global inflation.
Of course, these situations and forecasts are no secret, and people have already estimated that inflation is coming, so they plan to be prepared in advance to avoid inflation causing damage to themselves.
However, the measures taken to protect against inflation will itself cause asset prices to rise. In other words, people's expectations of inflation will itself accelerate the onset of inflation. In this case, asset prices will be pushed up across the board, and in addition to buying stocks and buying houses, only gold is the safest investment.
However, Arthur, who no longer wants to accumulate too much money in gold, has invested almost 200 million US dollars in the US stock market, and as for real estate, it is the purchase of hundreds of sets, and the speed of throwing money is crazy.
Some people say that the ability to spend money depends on how broad the imagination is, and some people say that having money can turn cranky ideas into whimsical ideas, and it can also give a reasonable reason for everything that is not normal.
Spending a sum of money smartly is just as difficult as earning it. A man's ability to spend money hides the wisdom he has seen. Saving money to live, that can only be called survival, can spend money, save money, and earn money, is the person who really lives a good life.
There are different opportunities in making money, and spending money is the most visible to a person's basic quality and mentality.
Arthur has always believed that spending money is also a skill, and it is necessary to spend money where it is most worthwhile, and where it will enhance personal value.
It's just that 200 million dollars, which is indeed a bit small.
However, the best point to spend is still high-quality assets, Arthur knows better than anyone how big the asset bubble will be blown in the future.
The next morning, Arthur leaned back on his pillow, sipping morning tea prepared by the maid from Los Angeles, reading the newspaper and enjoying his English breakfast.
When he read from a New York newspaper that "Maddie is not coming back to the Knicks, summer training will decide whether he retires." It was like a bolt of lightning that opened the curtain of his thinking.
"I'm so stupid, since I want to have influence and huge fame in the United States, why don't I buy a team, just like the desert tycoon, the bear country tyrant, the American vampire to invest in the Premier League, why don't I buy an NBA team to play, it's very cheap now... ”
Arthur slapped his forehead with some annoyance, if you want to quickly integrate into a strange country and quickly develop your influence and network, the best way is to start from entertainment and competitive sports, in this regard, the local tyrant Abu is the most typical role model, not to mention the huge business opportunities behind professional sports.
In his previous life, he bragged with his friends, and when he got rich, he bought the Los Angeles Lakers and let Kobe Bryant play with him.
It's just that the market value of the Los Angeles Lakers is really too tricky.
There is also an arrow with a little giant, however, Arthur knows better than anyone that the days of the little giant staying in the NBA have entered the countdown, and moreover, more than 200 million dollars, can't buy it...
Now that he had a goal, Arthur no longer hesitated, let alone dragged his feet, and directly picked up the phone to arrange this new task for his subordinates.
Find out the details of NBA team deals and investigate NBA teams that are currently looking to sell.
The boss moved his mouth, and his subordinates ran and broke their legs.
It's good to be a boss, no matter what you need, there is a group of people who work hard for you.
Soon, his men sorted out the information he needed.
Looking at these materials, Arthur was also a little very surprised, it turned out that he thought that things would be very simple, as long as the money was in place, he could buy a team, just like the Premier League, what kind of review these just go through the motions, however, things are not so simple.
And in the NBA, it's not easy to sell a team, and you can't sell a team just because you're in a bad mood. If a team owner submits a request to sell a team, at least 22 of the remaining 29 team owners on the NBA Board of Governors, which are made up of 30 team owners, must vote for the team to be sold.
In terms of the selection of new owners, the NBA has a special finance committee to estimate the possible situation after the change of ownership, and only owners who are expected to bring benefits to the future development of the team can buy the NBA team.
What's even more speechless is that not everyone can become an NBA owner, it's not just about money. The NBA has to review the qualifications of the team's buyer's new owner, and if the review fails, no matter how much money there is, it is useless.
When Jerry Buss bought the Lakers, the league management thought that Buss was a huahua boy, and it was difficult for such a person to run the team safely. The league deliberately did not approve Buss's entry into the Lakers until Bass submitted a plan to develop the Lakers, and his idea of combining entertainment and sports impressed the league's management.
In addition, if the new owner of the team wants to move the city with the team, then sorry, there is a good chance that the NBA Board of Governors will vote against it.
Therefore, whether it is selling or buying a team, it is not something that can be negotiated by sitting down for a meal, and it needs to go through a long period of inspection, negotiation, and qualification review before it can finally determine whether the NBA team has changed hands.
However, the only good news is that there are really quite a few teams interested in selling at the moment, giving Arthur a lot of options.
I have to say that the current situation of the NBA can be regarded as in a state of chaos, and there was a crisis of stopping, many owners were afraid that the NBA would stop their investment and lose all their money, so many owners wanted to sell the team at that time.
"Charlotte Hornets, $275 million. Nets, $200 million, Washington Wizards, $310 million, Golden State Warriors, $450 million, Detroit Pistons, $235 million, Philadelphia 76ers, $280 million. “