Magic Johnson, a Lakers legend, acquired a 4.5% stake in the Lakers in 1994 for $10 million, which was also a reward for his years of playing for the Lakers.

Back then, the old Buss and Johnson were like father and son, and for the sake of the Lakers' box office and record, Johnson also made many sacrifices to take the overall situation into account, and only then did he buy shares at a low price.

20 years have passed, and the market value of the Lakers is also rising, with a total value of more than $2 billion, and Johnson's equity value in this part is more than $100 million!

Of course, apart from inflationary pressures, it is difficult to say whether Johnson's investment was lost or gained.

At the beginning, Xiao Feng's target was not on Johnson, after all, Bass Jr., who contacted him, had the intention of selling his shares, and Xiao Feng would not bother the two masters.

However, Johnson recently wanted to become the owner of the Pistons, so there was a problem in front of him! Of course, perhaps because of the conflict between Buss Jr. and Johnson, he chose to sell the Lakers' shares, and after the death of Buss Sr., the Lakers' turmoil was obvious.

According to the rules of the NBA league, any one person can only own a stake in one team, and if Johnson wants to become a Pistons shareholder, he must first sell his own shares in the Lakers.

In this way, Xiao Feng's team took over Johnson's shares, and the three parties launched quite fierce negotiations, and after nearly two weeks of negotiations, the framework agreement was preliminarily decided.

In the final deal, the Lakers' total market capitalization was assessed at $2.5 billion, with Buss Jr. transferring a 20% stake to Xiao Feng for $500 million, and Johnson's stake worth $112.5 million.

After the three parties reached a preliminary agreement, this agreement was sent to the desks of the league's president Silva and the owners of the remaining 29 teams, and Xiao Feng's acquisition of the Lakers entered a critical stage!

In fact. Whether it is Forbes or other neutral financial institutions, the market value of the Lakers is estimated to be around $1 billion to $1.2 billion, but earlier this year, the Sterling family sold the Los Angeles Clippers to Microsoft director Stephen Bowmer for as much as 2 billion, which invisibly increased the price of the Lakers!

After all, the Lakers are a superteam with a proud tradition and countless fans who want to get a stake in it. A sizable percentage of the premium Xiao Feng is perfectly acceptable.

The net profit of the 'Jinghu Group' in 2014 will reach an astonishing $7 billion, and even if the corresponding enterprise development fund is removed, the number of corporate dividends this year will still be as huge as $5 billion! As Xiao Feng, who owns 70% of the shares of the 'Jinghu Group', he spent hundreds of millions of dollars to buy a quarter of the shares of the Lakers without any economic pressure!

Unlike his father's lifelong love of the Lakers, Bass Jr. hopes to sell the Lakers and use the money to engage in the industry he likes and live the life he wants, so he has formed a certain tacit understanding with Xiao Feng, and will gradually sell more than 60% of the shares in the Bath family to Xiao Feng in the future.

If the old Bass was alive, Xiao Feng would not have been able to obtain these shares from the Bass family. But now Old Bass's six children have their own thoughts, which gives Xiao Feng a chance!

In these years, there are losers everywhere who sell their fields, no matter Chinese or foreign!

In addition to the Buss family's 60% stake, the other 30% of the Lakers' shares are in the hands of Anschutz Entertainment Group, the owner of Staples Arena, and the rest is in the hands of small shareholders about the same as Johnson.

If Xiao Feng wants to officially join the Lakers, it is a general direction to focus on the Buss family. In the future, the acquisition of shares from the Anschutz Entertainment Group will be considered a complete success.

Back in 2009. Anschutz Entertainment Group has long had the intention of selling a 30% stake in the Lakers as a whole, but there is no suitable offer. What's more, in the past two years, because of the Lakers' poor record and the uncertain prospects after Kobe's retirement, the Lakers' shares have not necessarily been too popular in the market.

Xiao Feng has now contacted Huaxia real estate tycoon Lin Jian to prepare for the two sides to cooperate in buying the Lakers shares and the ownership of Staples Arena from the Anschutz Group. Let Staples have more Chinese factors.

Compared to other relatively simple commercial acquisitions, the change of ownership in an NBA team is much more complicated, after all, the deal is not completed until the league approves the agreement and no team owner raises a clear objection!

In order to facilitate the smooth flow of the transaction. Xiao Feng also used all his resources to use his connections in the United States to lobby in order to succeed!

First of all, Stan Kroenke, the owner of the tunneling team, who had a good personal relationship with Xiao Feng, became the first target of Xiao Feng, and Kroenke and the Walton family behind him have a wide influence in the American sports world and can help a lot.

The relationship between Xiao Feng and the Walton family began with the cooperation between the two parties in the supermarket field, and then the third-generation elite of the Walton family, Smith Walton, also relied on the high-end ingredients provided by the 'Mirror Lake Group' to take the lead in the family competition and have a bright future.

In this way, under the complex relationship of interests and personal relationships, Kroenke, who is a relative of the Walton family, naturally became Xiao Feng's best helper and introducer in the NBA.

In order to reach a deal, Xiao Feng had to spend a lot of time flying to the United States in December, and he visited the other 28 team owners on Kroenke's recommendation to gain their support!

At the same time, along with Xiao Feng, there are also stalwarts of American giants such as George Morgan or Smith Walton who appear in front of the bosses of various teams!

George Morgan and the Morgan family's first contact with Xiao Feng was Xiao Feng's purchase of the Nini from Gulfstream. After that, George also won an order for 8 G650s from the rich people in China through Xiao Feng's relationship, with a total value of more than 500 million US dollars!

If it is said that the relationship between Xiao Feng and the Morgan family was full of business transactions at the beginning, but in the subsequent development, it has changed a lot.

George's grandfather, Thomas, is now an 80-year-old man, but after taking the 'Space Honey' and 'Space Medicinal Wine' sent by Xiao Feng for a long time, his physical condition has improved greatly.

For a behemoth like the Morgan family, the health of the head of the family represents the fate of the family to some extent. Therefore, Xiao Feng restored Thomas to health, and this favor was great!

Over the past year, both the expansion of the 'Mirror Lake Group' in the United States and the purchase of the 'Dream Manor' have received strong support from the Morgan family.

Of course, billions of dollars are flowing through JPMorgan Chase accounts, which is also a key factor.

Accompanied by heavyweights like George and Smith, who represented the two families. Xiao Feng's visit to 26 cities in the United States went quite smoothly, and no one would jump out against Xiao Feng's entry into the Los Angeles Lakers.

As for why there are only 26 cities, it's because Denver doesn't have to go, Kroenke has no problem here, New York only goes once, the Knicks and Nets are in the same metropolitan area, Los Angeles is the home court, and everything is going well!

…………

December 18, 2014 was just an uneventful day for many. But for NBA or Chinese fans, it's a very special day!

The current NBA commissioner Silva signed the agreement, approving the equity transaction between Xiao Feng and the Buss family, officially announcing that Xiao Feng became the third largest shareholder of the Lakers with a 24.5% stake!

The bald middle-aged man who succeeded Stern as NBA president also has a very interesting translation name - Adam Xiao Hua, and at first glance he and Xiao Feng are brothers.

In fact, two people can't beat each other, at most, everyone on the Internet is just ridiculing one or two!

The news was transmitted back to China. It immediately caused a huge sensation, and countless fans who like the NBA can be said to have rushed to tell each other. Some people are even looking forward to whether Chinese basketball will have more opportunities to communicate with the NBA in the future?

Prior to this, Huang Jianhua, a wealthy Chinese-American businessman, bought a 15% stake in the Cleveland Cavaliers and became the first Chinese owner in the NBA capital market, which also gave many fans many ideas. But some people even have a big brain, thinking that Yao Ming may join forces with James, just thinking too much!

Now, five years later. Huang Jianhua did not let the Chinese elements of the Cavaliers have anything more, let alone be able to operate any Chinese players to enter the Cavaliers, which also made the fans' minds slowly fade.

This time, Xiao Feng, as the owner of the Chinese nationality, successfully bought nearly a quarter of the shares of the Lakers, and his influence is naturally much greater than Huang Jianhua's move five years ago. What's more, Xiao Feng is a big star in his own right. His every move has attracted much attention in China, and a acquisition of this level is naturally headlined.

However, no matter how big the brains are, fans will not think that buying a stake in the Lakers is only the first step in Xiao Feng's plan, and he will even enter the Lakers as a player next summer and wear a purple and gold jersey to compete in the NBA.

As soon as the deal was approved, media reporters from the United States and around the world gathered at Beverly Hills, hoping to interview Xiao Feng.

Among these media, in addition to sports media, financial media and even mainstream media are also flocking to it, and for journalists, Xiao Feng is so cute!

Don't look at the fact that he spends most of his time in the 'Dream Manor', but once he appears in the outside world, there will be a lot of blockbuster news immediately, worthy of being called a 'headline maker'!

However, these media are destined to be disappointed, because Xiao Feng is busy these days, and he has no time to come out for an interview, so he only sent Ma Xiaotian to deal with the media.

Of course, Ma Xiaotian also brought a lot of dry goods out, and his answer made the reporters quite satisfied, and they returned satisfied one by one, and began to provide a lot of space for Xiao Feng.

For a while, the news that the richest man in China had taken a stake in the Los Angeles Lakers spread all over the world, and everyone was amazed that these 28-year-old super-rich people were full of money, and at the same time, they were also speculating where he would target his next big move?

Since Xiao Feng began to appear in front of the media in various countries, his series of acquisitions have earned him the title of 'super buyer', and the money spent from him in the past two years adds up to billions of dollars!

Xiao Feng's first acquisition in the United States came from Gulfstream's G650, the world's most luxurious private business jet cost him $70 million in cash, paid in one lump sum!

Subsequently, Xiao Feng purchased more than 250,000 acres of super ranch in Montana at a cost of 300 million US dollars, and invested 1.2 billion US dollars to carry out a comprehensive transformation of the ranch, and then spent another 500 million US dollars to buy breeding cattle!

With a total investment of US$3 billion, the Dream Attraction and the Dream Safari Park under construction are the largest infrastructure investment projects in the United States in the past 20 years. When fully completed, the project will become an important part of the American tourism market, receiving more than 5 million visitors per year, increasing the revenue source of the 'Mirror Lake Group'!

In San Francisco, California, Xiao Feng bought a $300 million Miracle Farm and invested an equal proportion in renovation and development, and in Napa Valley, Xiao Feng invested more than $1 billion in Xiao No. 2 Winery!

In Los Angeles, the City of Angels, Xiao Feng bought a 'Dream Manor' and a beach house near Monica Beach for a whopping $200 million for his family, which is also the largest single real estate transaction in American history.

After careful calculation, in less than two years, Xiao Feng threw more than $7 billion in the United States, and a large amount of profits generated by the 'Jinghu Group' in the past few years have been spent.

In addition, the purchase of the Newcastle Club, the customization of the world's most luxurious superyacht and the purchase of the A380 private jet, the total price is also close to 1.5 billion US dollars, and there is no one on this earth who can compare with him!

When the media listed a list of Xiao Feng's various bulk purchases and investments in the past two years, it also made the global audience stunned!

Previously, many people didn't believe that Forbes listed Xiao Feng as the 21st richest person in the world, but after seeing this list, people finally believed that Xiao Feng was the richest person on the planet and the most willing to spend money!

And what makes everyone talk about it is that Xiao Feng's investment has not yet seen any possibility of failure, and the 'Dream Ranch', which has just been in operation for less than two years, has even begun to produce something, and the profit margin is not low.

Now, everyone is curious, what kind of positive changes will Xiao Feng bring to this team that is in trouble after becoming the third largest shareholder of the Los Angeles Lakers?

Now, anyone with a discerning eye can see that the Lakers are now in decline, waiting for Kobe Bryant to rebuild after he retires!

However, no one thought that Xiao Feng would reveal an extremely shocking mystery half a year later! (To be continued......

PS: PS: Have a great weekend folks!