Chapter 1109: An Agreement Reached
"Chen, you're provoking. Pen & Fun & Pavilion www.biquge.info" Chris couldn't suppress his anger and exclaimed excitedly, "Do you know the consequences of this? ”
"Chris, is it your turn to speak here? Sit me down. Chuck let out a sudden yell, and Chris was startled and sat down dying.
But even when he sat down, he glared at Chen Feng.
Chen Feng didn't care about Chris's eyes at all, with a smile on his face, he looked at Chuck: "Mr. Chuck, have you thought about it?"
Chris is just the general manager of the Los Angeles branch, and he can't intervene in such a big matter at all, and Chuck still has to come up with the idea.
You know, Chuck is the president of the head office and is one of Under Armour's directors.
Here, Under Armour and a few people, whether it is Chris or several directors of the headquarters, there is no way to compare with Chuck in terms of identity.
"It's too big for me to be the master alone. Chuck smiled bitterly.
"Well, I can understand. Chen Feng nodded and threw another bombshell, "But I don't have much time, you know, I still have a game tonight." If you can't decide, I'll probably talk to Nike, and they're on good terms. ”
Chuck furrowed a frown.
This is what he is most worried about, Chen Feng revised the contract, with a five-year contract, plus his own capital injection of 50 million US dollars, in exchange for 1.5 percent of Under Armour's shares.
According to the current stock price, the approximate market value of 1.5 percent of the shares is 200 million, even if Chen Feng's own 50 million is removed, Under Armour is equivalent to saying that he will take out 1.5 billion.
Of course, this money is a stake and does not need to be taken out immediately, which is also a good thing for Under Armour.
But the original contract amount was only 115 million, and now it has become 150 million in a blink of an eye, which is too big a difference for Under Armour.
But once he doesn't agree, then Chen Feng will turn to sign a contract with Nike or Adidas, and Chuck knows that Nike and Adidas will definitely do it.
Moreover, in order to be able to pull Chen over, they are absolutely willing to give a big contract, 120 million in 5 years, or even 150 million in 5 years.
Because of the recent sharp drop in Under Armour's valuation, Curry's third-generation sneaker sales were not good, causing their market value to evaporate by 600 million.
At this time, Nike and Adidas are naturally willing to beat the water dogs, and if Chen Feng is poached, Under Armour's stock price will plummet.
Under the influence of a series of factors, it may not only be a loss of 6 billion, but may be 8 billion, or even 10 billion.
Compared with this, it seems that only tens of millions more are paid, which is not a loss!
Of course, Chuck is one of the sensibles, but he is not the only sensible, and he can't make the decision himself: "Chen, I need to discuss it with other sensibles, give me ten minutes." ”
"No problem. Chen Feng happily agreed.
Chuck got up and left, went to another room for an emergency video conference with a few directors, and was back in the conference room ten minutes later.
He sat down, with a warm smile on his face, and said to Chen Feng: "Chen, we promise you, and we will do what you want." As he spoke, he instructed Chris to go out and reprint the contract, while he got up, stretched out his hand, and shook hands with Chen Feng: "Happy cooperation." ”
"It was a pleasure to work with. Chen Feng was also smiling.
At this moment, the two of them are like old friends for many years, with warm smiles on their faces, and even look very sincere, and they didn't affect anything at all because of what happened just now.
In fact, it's nothing in the first place.
This is business, you can fight for the sake of interests, you are anxious and white-faced, but once you reach an agreement, you will immediately throw the previous unhappiness out of the clouds, because it is meaningless to remember that.
Business is business, there may be unpleasantness, there may be disputes, but once it is settled, then everyone will only look forward.
As the president of Under Armour's headquarters, Chuck has long been familiar with these and has become a part of himself, but for Chen Feng's performance, he can't help but secretly praise in his heart, even if he suffers a little loss today, he has to admit that Chen Feng is very powerful and good at seizing opportunities.
If it were any other time, Under Armour would never say yes.
But now in this sensitive period, Under Armour must agree, because he does not dare to take risks, if Chen Feng is left, Under Armour will usher in a good thing, the stock price may soar all of a sudden, and in the next few years, Chen Feng and Curry will be under his hands, how will it not be too bad.
In a few years, maybe it can really fight with Nike and Adidas.
But if Chen Feng is let go, then it will be tantamount to weakening his own strength and boosting the strength of his opponent, and the stock price will definitely fall sharply at that time, coupled with the poor sales of Curry's three generations, it will definitely be a heavy blow to Under Armour.
For Under Armour as a whole, the loss of a few hundred million may not be a big deal.
From a strategic point of view, this is a huge danger, and it was because of a small danger that Reebok gradually evolved into a big pit, and finally collapsed.
Under Armour's heritage is not deep, and it is far from being comparable to Nike and Adidas, so he does not dare to take this risk.
What's more, Chen Feng's asking price may be a little higher, but it is not outrageous, close to 150 million in 5 years, 30 million a year, the league's top players, such as Durant, are almost at this price, there is a suspicion of extortion, but it is not greedy enough to swallow elephants.
At least, under armour is more than acceptable for this price point.
After a while, Chris came back and saw Chen Feng and Chuck holding hands, which was called a lively conversation and laughter, which made Chris almost vomit a mouthful of old blood, and then he reacted that he was so excited before that it was just grandstanding.
It is true that Chris wants to show himself in front of Chuck and desperately defend Under Armour's interests, but he forgets that it is not up to him to have the final say here.
"It's okay, I didn't go too far. Chris said secretly in his heart, and a warm smile appeared on his face, "President, Chen, the contract is ready." ”
"Oh, well, let's sign up. Chuck laughed.
"Good. Chen Feng also smiled.
Everyone did it, the fair personnel were fair, the lawyer was on the side, and the two sides signed the contract, and this agreement was reached.
Seeing that an agreement was reached, both sides breathed a sigh of relief.
"Chen, we have set up a banquet, and we hope you can attend. Chuck got up and pulled Chen Feng to say.
"It's still okay, you know, we have a game in the evening, Yu has to go, or next time. Chen Feng refused with a smile.
Chuck was not reluctant, and sent Chen Feng and the people of LandmarkSports with a smile, as well as Yu Qian and Yu Qian's agent team to leave.