Chapter 1020 Chrysler Building

Mansur agreed to Yang Cheng's request without thinking. For him, Yang Cheng's face was more important than getting Sterling earlier.

And he said very generously, "I can't let my friend lose money. The most important thing in the Arab world is friendship, so my dear friend, please allow me to buy Sterling at a price of 55 million pounds."

One-third of the current season, Sterling has scored 3 goals and sent 4 assists. Whether it is passing or dribbling, he is among the best in the team. The price in sterling is not too much at all, and the other 5 million pounds is Yang Cheng's face.

Yang Cheng is very satisfied with this price. He was not a die-hard fan in the first place. After all, he bought the team to invest and make money. Since he took over the team, he has paid huge sums of money several times to repay the debts. The market value of Liverpool is increasing day by day, but the real return money is still When I saw it for the first time, I was still very happy.

He reached out his hand and shook Mansur heavily, and said loudly, "Deal~"

Less than 10 minutes into the game, the score was still zero to zero, but off the field, the two club owners had quickly reached a deal, making money is as simple as that.

Following the onslaught from the two sides at the beginning of the game, the two sides slowed down the rhythm tacitly. The players are human beings, not machines. They need to slow down the rhythm to adjust their physical strength, and the scene gradually calmed down. The two bosses couldn't help feeling bored because they won't get points for gaining power. They got up and went back to the box, poured a glass of Scotch whiskey, each occupied a leather sofa, and chatted casually.

Mansur asked with concern, "Has your matter in Egypt been resolved? I am asking my uncle to do his best to help."

Yang Cheng raised his glass and said, "Thank you very much for your help. Although the matter has not been resolved satisfactorily, Mr. Mohammed has made great efforts. We will continue to cooperate in the future."

Mansur smiled back at Yang Cheng, "It's nothing, friends should help each other, by the way, your New Era Media should be listed, right?"

Yang Cheng was caught off guard when the topic changed, took a sip of wine and nodded, "Yes, if there is no accident, I am not planning to conduct the next round of financing. The company has found a suitable profit point, and the turnover is sufficient. In the future, we only need to follow the steps Just expand the market one by one.”

After a pause, he added, "I expect it to go public next year. We are currently negotiating with MG Stanley, Citigroup, and Goldman Sachs about IPO agents. Everyone wants to monopolize it, but this is obviously unrealistic. Cooperation and sharing are the key to this IPO." theme."

Mansur said regretfully, "If I do it all over again, I will definitely join in the first round of financing."

Yang Cheng hesitated for a moment, and felt that the introduction of the Abu Dhabi consortium would be of great benefit to Toutiao's entry into the Arab world, and looking at the investment styles of these local tyrants in the Middle East, they rarely interfere with the work of the original management, as long as you can continue to contribute He brings in profits and does not discriminate against the Arab world, which is every founder's favorite investment partner.

However, local tyrants have always liked big money, and it may be difficult to satisfy the appetite of the other party if there are fewer shares. This matter still needs to be carefully considered.

So he swallowed back what he was about to say, and changed the subject, "I heard that you are going to sell the Chrysler Building?"

The Chrysler Building has always been one of the important landmark buildings in New York and even the United States. Before the Empire State Building was built, the Chrysler Building had always been the tallest building in the world.

To this day, the masonry building remains one of the key features of the Manhattan skyline.

As early as 7 years ago, the 319-meter-high former tallest building in the world was acquired by the Abu Dhabi consortium for US$800 million. At the beginning of this year, the news that it was about to change hands began to spread wildly in the market. Yang Cheng Originally, he had no interest in this old antique, but recently he felt that it was a good time to buy a bargain, so he decided to ask.

At present, there are different opinions on the resale price of the Chrysler Building in the New York market, but the Abu Dhabi consortium that invested US$800 million to buy a 90% stake in the building may find it difficult to get back the original investment through this sale, and Yang Cheng will not come up with it. 800 million US dollars to buy a pile of broken rocks, the meaning of bargain hunting lies in its crazy cabbage price.

Then again, if it weren’t for the financial crisis that caused the U.S. real estate market to plummet and have not yet fully recovered. On the other hand, the old Chrysler Building itself is difficult to compete with the surrounding modern office buildings, and the Abu Dhabi consortium would not be willing to give up this building. A symbolic building in the hearts of Americans.

You must know that the Chrysler Building was built in the 1920s and 1930s, and the repair and maintenance costs, as well as the rising ground lease fees, have become huge burdens.

As far as Yang Cheng knows, the land under the building is currently owned by the Cooper Union School. The current lease contract amount until 2017 is 7.75 million US dollars, and then the rent will directly jump to 30 million US dollars. If it comes to 2028, this figure may Will rise to $41 million, and that's not counting other messy expenses.

But besides the ultra-low price of cabbage, Yang Cheng’s heartbeat is also its existence as a classic in the hearts of Americans. It still has unique charm and attraction. If you buy it at a low price under the banner of "feelings", you will spend a lot of money Renovation is not without the possibility of being popular again. In New York, there are countless successful cases of popular leasing after renovation of classic buildings.

For example, the Empire State Building, another frequent visitor to the "New York Skyline", spent 550 million US dollars on modernization in 2006, and then this old building attracted LinkedIn, Expedia and other current hot companies to settle in.

To Yang Cheng's question, Mansour gave a very affirmative and enthusiastic reply, "Yes, I admit that this is a relatively unsuccessful investment in the past investment cases of the Abu Dhabi consortium, but it doesn't matter, we have the courage to stop losses. Courage, after the news was released, I have received calls from buyers from all over the world who are interested in bidding! If Jason is interested in taking over, I don’t mind kicking out all the competitors for you.”

Yang Cheng asked this question, one is because he is optimistic about the future prospects, and the other is because he has backers. After the renovation, no matter how bad it is, it can still exist as the second headquarters of New Era Media. The current office area can no longer keep up with the manpower. There was a need for expansion, and he was planning to find a suitable office building, why couldn't it be the Chrysler Building?

The combination of a new media giant and the former tallest building in the world is a gimmick, and the publicity effect is better than advertising. Of course, the premise of all this is that Mansour offers a cabbage price of one cabbage.

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