Lakers legend, Magic Johnson, won a 4.5% stake in the Lakers for $10 million in 1994, which is also a reward for his years of fighting for the Lakers.

Back then, 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 into account the overall situation, and thus made the move to buy equity at a low price.

As time goes by, the Lakers' market value is also rising, with a total value exceeding US$2 billion, and the equity value of this part of Johnson exceeds US$100 million!

Of course, without the pressure of inflation, it is difficult to say whether Johnson's investment was a loss or a profit?

At the beginning, Xiao Feng's target was not on Johnson. After all, Xiao Bus, who was in contact with him, had the intention to sell his shares, so Xiao Feng would not bother the second master in one's own business.

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 his shares in the Lakers. After Buss Old, the Lakers' turmoil was obvious.

According to the NBA regulations, anyone can only own shares in one team. If Johnson wants to become a shareholder of the Pistons, he must first sell his Lakers shares.

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

Among the final transaction prices, the total market value of the Lakers was evaluated as US$2.5 billion, Buss Jr. transferred 20% of Xiao Feng's shares at US$500 million, while Johnson's shares were worth US$112.5 million.

After the three parties reached a preliminary agreement, the agreement was sent to the desks of league president Silva and the bosses of the other 29 teams. Xiao Feng's acquisition process for the Lakers entered a critical stage!

In fact, both Forbes and other neutral financial institutions estimate the Lakers' market value to be around $101.2 billion, but earlier this year the Sterling family sold the Los Angeles Clippers to Microsoft director Stephen Baumer for a price of up to 2 billion, which invisibly increased the Lakers' price!

After all, the Lakers are a super team with glorious traditions and countless fans, and want to acquire its shares. A considerable premium of Xiao Feng is completely acceptable.

The net profit of "Jinghu Group" in 2014 will reach an astonishing US$7 billion. Even in addition to the corresponding corporate development funds, the number of corporate dividends this year will still be as huge as US$5 billion! As a 70% stake in "Jinghu Group", Xiao Feng spent hundreds of millions of dollars to purchase a quarter of the Lakers' shares without any economic pressure!

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

If Old Bass was alive, Xiao Feng would not have obtained these shares from the Bass family. But now the six children of Old Bass have their own thoughts, which gives Xiao Feng an opportunity to take advantage of!

These days, there are prodigal people selling their land everywhere, no matter how Chinese or foreign, they are not allowed to do so!

In addition to the Bass family owning about 60% of the shares, the other 30% of the shares are in the hands of Anschutz Entertainment Group, the owner of Staples Stadium, and the rest are in the hands of small shareholders similar to Johnson.

If Xiao Feng wants to officially join the Lakers, it is a major direction to attack the Bass family. In the future, he will acquire shares from Anschutz Entertainment Group, which will be a perfect result.

As early as 2009, Anschutz Entertainment Group had already intended to sell 30% of the Lakers' shares as a whole, but one company had no suitable offer. What's more, in the past two years, due to the Lakers' poor record and the uncertain prospects after Kobe's retirement, Lakers' shares are not necessarily very popular in the market.

Xiao Feng has contacted China Real Estate Tycoon Lin Jian, preparing to cooperate with the two parties to acquire ownership of the Lakers and Staples Staples Staples from Anshuz Group respectively, so that Staples has more China factors.

Compared with other relatively simple commercial acquisitions, the changes in NBA team's equity are much more complicated. After all, only if the league approves the agreement and no team's boss has made clear objections, the transaction will be considered complete!

In order to promote the smooth progress of the transaction, Xiao Feng also tried his best to use his connections in the United States to lobby for success!

First of all, Stan Kroenke, the owner of the excavation team who had a good personal relationship with Xiao Feng, became Xiao Feng's first partner. Kroenke and the Walton family behind him have a wide influence in the American sports industry 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. Then, Smith Walton, the third-generation elite of the Walton family, 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 complex relationships such as interests and personal relationships, Kroenke, as a relative of the Walton family, naturally became Xiao Feng's best support and referee in the NBA.

In order to reach an agreement, Xiao Feng had to spend a lot of time on American flights in December. With the recommendation of Kroenke, he visited the other 28 team owners to get their support!

At the same time, along with Xiao Feng, there were also backbone forces of American giants such as George Morgan or Smith Walton!

The first contact between George Morgan and the Morgan family and Xiao Feng was when Xiao Feng purchased the "Ni Ni" from Gulfstream, which caused an intersection. After that, George also obtained an order for 8 g650s from the Chinese rich man through Xiao Feng's relationship, with a total value of more than US$500 million!

If the relationship between Xiao Feng and the Morgan family was full of commercial transactions at the beginning, it changed a lot in the subsequent development.

George's grandfather Thomas is now an 80-year-old, 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 represents the fate of the family to some extent. Therefore, Xiao Feng restored Thomas to health, and this favor became great!

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

Of course, billions of dollars in capital flows are carried out through JPMorgan’s account, which is also a very critical factor.

With the accompanying of heavyweight elites such as George and Smith, who represent the two major families, Xiao Feng's visit to 26 American cities was quite smooth, and no one would jump out to oppose Xiao Feng's entry into the Los Angeles Lakers.

As for why there are only 26 cities, it is because Denver doesn’t need to go, there is no problem with Kroenke. He only went to New York once, the Knicks and the Nets are in the same metropolitan area, Los Angeles is home court, and everything goes well!

…………

December 18, 2014 is just a dull day for many people. But it is a very special day for NBA or Chinese fans!

NBA's current president Silva signed an agreement to approve the equity transaction between Xiao Feng and the Bass family, officially announcing that Xiao Feng has become the third largest shareholder of the Lakers, owning 24.5% of the shares!

The bald middle-aged man who succeeded Stern as the president of the NBA has another interesting translation named Adam. Xiao Hua, who at first glance, is two brothers with Xiao Feng.

In fact, there is nothing to do with the two of them. At most, everyone on the Internet is just making fun of them!

The news came back to China. It caused a huge sensation. Countless fans who like NBA were running around and talking. Some people even look forward to whether Chinese basketball will have more opportunities to communicate with NBA in the future?

Before this, Chinese-American businessman Huang Jianhua bought 15% of the shares of the Cleveland Cavaliers and became the first Chinese boss in the NBA capital market, which also gave many fans many ideas. However, some people even had a lot of ideas and believed that Yao Ming might join forces with James, just thinking too much!

Now five years have passed. Huang Jianhua has not allowed the Cavaliers to have anything more Chinese elements, nor has he been able to operate any Chinese player to join the Cavaliers, which has also made the fans' minds fade.

This time, as a Chinese boss, Xiao Feng successfully purchased nearly a quarter of the Lakers' shares, and his influence was naturally much greater than Huang Jianhua's actions five years ago. What's more, Xiao Feng himself is a big star. His every move has attracted much attention in China, and this level of acquisition is naturally headlines.

However, no matter how enigmatic fans are, they would not expect that buying shares in the Lakers is just the first step in Xiao Feng's plan. He will even join the Lakers as a player next summer and compete in the NBA in a purple and gold jersey.

As soon as the transaction was approved, media reporters from the United States and even the world gathered in 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 them. For the reporters, Xiao Feng is so cute!

Although he spends most of his time in the "Dream Manor", once he appears outside, many big news will be born immediately, and he is worthy of being a "headline manufacturing machine"!

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

Of course, Ma Xiaotian also brought a lot of useful information. His answers made the reporters quite satisfied, and they returned home one by one, starting to provide Xiao Feng with a large amount of layout.

For a time, the news that the richest man in China invested in the Los Angeles Lakers spread all over the world. While everyone was amazed at the full amount of money of these 28-year-old super rich people, they were also speculating where his next big move would be aimed at?

Since Xiao Feng began to appear in front of media in various countries, his series of acquisitions have won him the title of "super buyer". Judging from the money spent from him in the past two years, all of which have been added 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, which cost him $70 million in cash, and paid it in one lump sum!

Subsequently, Xiao Feng purchased more than 250,000 acres of super ranch in Montana for $300 million, and invested $1.2 billion in all-round renovation of the ranch, and then spent $500 million in purchasing breeding cattle!

The total investment amount of the ‘Dream Scenic Area’ and the ‘Dream Wildlife Park’ under construction reached US$3 billion, making it the largest basic investment project in the United States in the past 20 years. After this project is fully completed, it will become an important part of the American tourism market, and it will receive more than 5 million tourists every year, increasing the revenue source of the ‘Mirror Lake Group’!

In San Francisco, California, Xiao Feng insisted on purchasing a $300 million "Miracle Farm" and invested an equal proportion of funds for transformation and development; in Napa Valley, Xiao Feng invested more than $1 billion in "Xiao Shi 2 Winery"! These two projects will help the "Mirror Lake Group" increase the market share of high-end organic ingredients and the brand influence of high-end wines in the United States.

In Los Angeles, the city of Angels, Xiao Feng settled here for his family and bought the "Dream Manor" and a beachfront villa near Monica Beach for a sky-high price of 200 million US dollars. This is also the largest single property transaction in American history.

After careful calculation, Xiao Feng threw down more than $7 billion in the United States in just less than two years, and the large amount of profits generated by the "Mirror Lake Group" in recent years have been spent.

In addition, buying Newcastle Club, customizing the world's most luxurious superyachts and purchasing a380 private jets has a total price of nearly $1.5 billion. No one on this earth can compare with him!

When the media listed Xiao Feng’s various bulk shopping and investment lists over the past two years, it also made audiences around the world look awkward!

Previously, many people felt a little unbelievable that Forbes listed Xiao Feng as the 21st place on the global rich list, but when they saw this list, people finally believed that Xiao Feng was the richest person on the earth and the most willing to spend money!

What makes everyone talk about is that Xiao Feng's investment has not yet seen any possibility of failure. The "Fantasy Ranch" that has just been bought for less than two years has even begun to produce, and the profit margin is not low.

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

Now, anyone with a discerning eye can see that the Lakers are now in a dilemma, and they are waiting for Kobe to rebuild after retirement!

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

ps:ps: Happy weekend, fellow villagers!
Chapter completed!