America's Road to Fame

Chapter 25 Waiver of Redemption of Shares
Therefore, in fact, William Chen's debt on Building 666 at this time, plus interest, still has about 7 million US dollars.It is said that the valuation of this building at this time is about 20 billion US dollars, and William Chen's shares account for 60%, that is, the shares in the building in his hands, and the valuation is about 12 billion US dollars. If it is just the bank's debt, it will be more 5 million US dollars, it should not be too uncomfortable to be forced by the bank.

This is why Garrett told him at the time that if he sold the building, he would still have hundreds of millions of dollars in funds, and he could develop his film business.

But what needs to be considered is that the bank's debts were all lent out five years ago. At that time, the valuation of the building was 15 billion US dollars. Therefore, after Chen William sold his shares, the 60% shares he held were valued at 9 One hundred million U.S. dollars.If he wants to increase the loan, he can only discuss it with the banks that gave him the loan before, and it is impossible to mortgage the building again to borrow money.

Moreover, it is impossible to lend you money based on the market valuation of the mortgage loan, there will always be a discount. If those banks are not optimistic about William Chen's repayment ability, they will definitely set this discount at a safer level. Naturally, they don't want to Agree to him additional loan.

Therefore, what Chen William faced before was still the problem of how to repay the loan.But now these are not too big problems for him. After repaying the 5000 million New York bank loan at the end of this month, his debt is only 6.5 million US dollars. For him, the alarm has been lifted. .

What Andal Trust Fund informed William Chen was that they had received an offer from the Kushner Group, hoping to acquire 20% of the building’s shares held by Andal Trust Fund for US$8 million at an overall valuation of US$40 billion. They also have the intention to sell their shares in the building.

Therefore, according to the original agreement, they told William Chen that if he could not buy back the shares in the building at the same price, they would agree to the Kushner Group's offer and sell 40% of the shares in the building to them.

When the Andal Trust Fund acquired 40% of the shares in the building held by the predecessor of Chen William, the agreement signed had a clause on repurchase, that is, when the Andal Trust Fund was going to sell the shares they bought. , William Chen has the priority of repurchase at the same price.

This clause was added when Tom reluctantly agreed to sell the shares in the building, in order to hope that one day in the future, he could repurchase this part of the shares, so as to fully get back the building left by William Chen's parents.

Therefore, when the Kushner Group made an offer and they had an intention to sell, Andal Trust Fund was obliged to notify William Chen and ask him whether he would activate the repurchase clause and repurchase this part of the shares at the same price.

After hearing the news, William Chen suddenly realized. Kushner Group, huh, isn't that the real estate group owned by the Gared Kushner family?No wonder he was a little surprised before. With Kushner's heart, why was he so wise at the time and didn't continue to raise the price when he acquired the "New York Observer".

It turned out that his main goal was here. It is estimated that Garrett was also worried that if he raised the price, William Chen would give up the acquisition directly. After all, what he said at the time was his final price.

And his mind is likely to hope that William Chen spent money in the process of acquiring the "New York Observer", and then when he comes to buy the shares of the building held by the Andal Trust Fund, even if there is a buyback on William Chen's side There is nothing that can be done about it.

After all, according to his information, William Chen not only faced the due debt of 5000 million US dollars due to the building at the end of the month, but also mortgaged the property for a new loan.

William Chen knew that when Garrett purchased Building 666 in his previous life, the Kushner Group did not pay all the funds, but the quotation of 19 billion US dollars at that time. The Kushner Group only paid 2 million US dollars, and the rest was also paid by various loans. delivery made.

Then he estimated that the acquisition of the 40% shares of the Andal Trust Fund will cost 8 million US dollars, and he will pay by the group, which will not exceed 2 million US dollars. After all, he also has ambitions for the 60% shares held by William Chen. , what he expected was to take the entire building into his own hands.

Therefore, among Garrett's lending banks, there must be the Bank of New York who disclosed Chen William's loan information to him. .

In Garrett's view, even if Chen William can make money from his investment, he won't make too much. The worst result he predicts is that Chen William can use a loan of 2000 million US dollars to earn more than 6000 million. US dollar funds, in addition to paying off the bank debt of 5000 million US dollars at the end of the month, and then acquiring the "New York Observer".

Maybe he himself doesn't believe that William Chen can really earn the 6000 million US dollars within a month. After all, this return ratio is already outrageous. If it is really so powerful, is the previous prodigal behavior all acted out?You try to play a loser with more than 5 million US dollars?

Therefore, it is even more impossible for him to expect Chen William's real investment income, which has already broken through his cognition of Chen William.

If William Chen got the news before today, he would definitely use this repurchase clause without hesitation to take back 40% of the shares.Now he has more than 4 million US dollars in cash in hand, and it does not mean that the money for the acquisition of shares must be paid in one go. It is also easy to negotiate the result of installment payment.

But now, he has made another decision. He replied to the Andal Trust Fund, and he gave up the repurchase, so the Andal Trust Fund sold the shares to Garrett.

After putting down the phone, William Chen had a smile on his face. I am afraid that after getting the news, Gareth would smile even more than him. Not only did he get 40% of the shares in the building, but he also tested the truth of William Chen.But what he didn't know was that the subprime mortgage crisis was about to erupt.

How terrifying is the subprime mortgage crisis? William Chen had experienced it in his previous life. He had just graduated and started working at that time, so he was deeply impressed.Once the subprime mortgage crisis breaks out, the real estate industry and the banking industry will be hit the hardest, and then the banking industry will be destroyed, causing the flow of funds to dry up and affecting other industries.

That is to say, when the time comes, the Kushner Group, which is a real estate company, and the banks that provide them with a high proportion of loans for acquisitions will be greatly impacted. At that time, they themselves will be in a quagmire. It is also an opportunity for William Chen to buy bottom at a low price.

Therefore, he is not in a hurry to bid with Garrett to get this part of Andal Trust Fund's shares. After the crisis breaks out, the damage caused will become more and more serious, and he will break the price himself and take back the shares. Wouldn't it be nice? ?

But speaking of it, the Andal Trust Fund is lucky. At the beginning, they bought 6.4% of the shares in Building 40 in the hands of Chen William's predecessor at a price of 666 million US dollars. Now they sold it for 8 million US dollars and made a profit of 1.6 million US dollars. .And just before the outbreak of the subprime mortgage crisis, he found the unlucky Garrett to take over the offer and escaped perfectly.

"Hello, Nelson. I want to entrust you with two things..." William Chen called Nelson.

After completing the acquisition of the "New York Observer", Nelson's consulting company earned a commission of 50 US dollars from William Chen in a short period of time. He was still very interested in William Chen's re-entrustment.

His current age is also the time when he most hopes to achieve results. As one of the top consulting companies in the United States and even the world, the competition of Deloitte Consulting is also extremely fierce.

Usually, the consulting business of this kind of company usually takes about ten weeks on average, and will involve a small professional team consisting of about 5-10 people, depending on the complexity of the project.The total consulting fee is between $90 and $200 million.

As for William Chen's project, because the bid was not too high and the time it took was not too long, the final quotation was US$50. It was expected to be completed in about a month before, but because Nelson completed the project ahead of schedule, it was also for the company. Saving costs, this time can be regarded as a very impressive achievement for him, and it will play a big role in his subsequent promotion.

Of course, he knew in his heart that William Chen's attitude was also a key factor in his ability to shorten the completion time, and during the acquisition process, through contact with William Chen, he also felt a completely different image from the rumors, so now he is very concerned about William Chen, a client, is still very important.

This time William Chen commissioned two things. One is to find a person named John Paulson. This person is engaged in the financial industry and has a certain reputation before. William Chen hopes that Nelson can sort out his information for himself. Then contact the other party.

In his previous life, William Chen watched a movie called "The Big Short", which was about the subprime mortgage crisis.One of the prototypes of this movie is this John Paulson.

He was one of the biggest gainers of the subprime mortgage crisis, creating the record for the highest annual income of a fund manager, $37 billion.The fund he managed initially had a size of a few hundred million dollars, but after the subprime mortgage crisis, it expanded to tens of billions of dollars.

Therefore, after confirming that the subprime mortgage crisis is about to break out, it is definitely unreliable for William Chen to rely on himself or Joss' team to profit from it. Therefore, he needs an experienced professional to help him To operate, at this time, the first thing he thought of was this John Paulson.

In his previous life, since he was able to perform amazingly in the subprime mortgage crisis, if there is such a character in this world, and his experience is similar, then he can also be entrusted to help him operate.

Of course, nothing can be decided until after careful investigation, meeting John Paulson himself, and learning more about him.After all, many things have changed, and William Chen will not do things that are desperate, especially when it comes to investment, we still need to be more cautious.

If William Chen did this kind of thing by himself, it would be very troublesome and a waste of time.However, as one of the largest consulting companies in the world, Deloitte Consulting will have very comprehensive information on these and it is easier to investigate, so William Chen entrusted Nielsen to investigate and find this John Paulson.

(End of this chapter)