Losing Money to Be a Tycoon - Chapter 726
Chapter 726: Designated Finance Director
Meng Chang prepared to leave after they shook hands.
To him, even though he had only two million yuan from his original goal of five million yuan, he had already achieved his goal of ‘freeloading off Boss Pei’s halo’. What’s more, Boss Pei would continue to pursue investments in the future. There was no need for him to worry about the amount now.
What’s more, Meng Chang had not even met Boss Pei yet.
Meng Chang felt that Boss Pei was very busy with work and he himself was not famous so it was reasonable that he could not meet him yet.
Once the ‘Cold-Faced Lady’ brand was done, he would bring all sorts of data and reports over. That would be very persuasive and Boss Pei would definitely take some time to meet him.
As long as they met, Meng Chang believed that he could persuade Boss Pei to invest more money with his glib of the tongue.
Therefore, he had basically achieved his goal today and could go back and prepare.
However, just as he was about to leave, He Desheng said, “Wait, I forgot to mention something.”
Meng Chang stopped in her tracks. “Oh, please go ahead, Boss He.”
He Desheng said, “According to Boss Pei’s requirements, the companies we invest in must accept some of our conditions.
“First, it has to be law-abiding and honest.
“Secondly, we have to spend all our money on the operations of the company and normal operations. We cannot give the boss his own salary, and we cannot spend our money on personal consumption. Of course, we cannot interfere with the other investors’ money.
“Given the above two points, we will assign a finance director to be your company’s finance director. That must be explained in advance.”
He Desheng smiled and sounded amicable.
These rules had been set by Boss Pei when he set the investment model for ‘foolish people with too much money’. He Desheng was just going through the process and doing business as usual.
This was a very common phenomenon in the investment industry. After all, investors were not stupid. They would definitely not be able to accept it if they invested their own money only to find that the founders squandered everything on vice.
It was definitely the same for Boss Pei.
These founders could burn money, but they had to do things.
Otherwise, these founders would be living a good life, while Boss Pei would be eating sh*t. This mentality would collapse.
Therefore, Dream Realization Ventures had strict requirements for finance.
Sending one of his own people to be the finance director meant that the flow of money in this company could not escape Tengda’s eyes. Once something went wrong, He Desheng could report it to Boss Pei immediately.
For most law-abiding entrepreneurs, this was not a restriction. They could even get a professional financial director without paying.
However, that was not the case for entrepreneurs with ulterior motives.
Meng Chang hesitated.
He knew that different investors had different ways of managing their investments. Some would assign the finance director to the core team of the company, some would request to have a board meeting every month, some would ask the invested company to establish various regulatory and reporting systems. However, there were also some who would not give a damn after spending money. They would only have a board meeting every year or half, or find an investment assistant to hold a position…
There were all sorts of methods. The key was the rules of this investment firm.
At first, Meng Chang thought that Boss Pei’s investment firm would be more lax. However, it seemed like it was the strictest in the area of finances.
This slightly disrupted his plan.
After all, running away with the money was originally one of his options.
He could not run away just because he wanted to. He had to go through a series of complicated operations. It would be easier if the finance department was managed by himself. However, If he did anything while Tengda’s people were in his finance team, he might be invited to the small dark room for tea.
However, after weighing the pros and cons, he felt that he still had to accept the investment.
First of all, Dream Realization Ventures’ request was not too much. Many investors would have similar requests. What’s more, Dream Realization Ventures only had strict financial management and did not interfere with the company’s specific management strategy. Overall, this was a very loose and generous investment condition.
If Meng Chang rejected it, he might be suspected. Once this matter got out, it would be even harder for him to get money from other investors.
Second, even if he completely gave up on the option of running away with the funds, Meng Chang had other ways to benefit himself.
For example, he could expand the company and find a big company to take over the business. That would be completely within the reasonable rules and he could also push the blame to the big company.
Even though taking the money and running away would only earn him money, it also meant that he would not be able to return to China for the rest of his life. He would also be left with a bad reputation. It was not the best choice. Meng Chang did not want to take this path unless he had no other choice.
Of course, finding a big company to take over the business and for the founder to extricate himself would be a huge problem.
That was because many large companies would be interested in the founder’s entrepreneurial ability after taking over. They would force the founder to keep all of his shares locked and not sell them. The founder would then continue to manage the company and work for himself.
However, there were no absolutes in this world. Some large companies preferred to assign their own employees to take over the company because they trusted their own employees’ management skills more.
As long as Meng Chang could find such a company, he could still leave safely.
Therefore, after weighing the pros and cons quickly, Meng Chang felt that he had to accept the investment.
The risks were huge but the benefits were also huge.
Most importantly, Meng Chang had prepared for so long just for this opportunity. He was very unwilling to give up now.
A large part of the reason why people like Meng Chang could gain the favor of investors was because of their gambling characteristics.
If he won the bet, his net worth would easily exceed a hundred million; if he lost the bet, he would easily be in debt of a hundred million.
Therefore, it was difficult for Meng Chang to give up on such a huge gamble.
Meng Chang hesitated for a moment before squeezing out a smile. “Of course, that’s necessary.”
He Desheng nodded in satisfaction. “Alright, I hope we can work well together!”
…
At the same time, Pei Qian was drinking coffee and yawning in Fish-Catching Internet Cafe.
He was still thinking about how he should spend the money from selling the GPL quota.
At that moment, his cell phone rang.
It was Zhang Yuan.
“Boss Pei, the bosses of those three clubs have come personally. They hope to meet you.”
Pei Qian was stunned. “You mean the club owners who sold GOG’s branch?”
Zhang Yuan: “Yes. They are at DGE Club now. Do you have time to meet them?”
Pei Qian fell silent.
He definitely had time, and a lot of it.
The key was what were the three bosses here for.
After some thought, Pei Qian asked, “Are they trying to break the contract?”
Zhang Yuan: “They don’t dare to break the contract. They’re probably here to admit defeat.”
In theory, these three clubs could indeed fork out three million yuan to breach the contract and decide not to sell their GOG’s branch.
However, the problem was that not selling did not mean that they had a slot in the GPL!
From the beginning to the end, Pei Qian did not hand over the GPL slots to them in black and white. He only promised verbally that these clubs would “have” slots for the GPL. What’s more, the prerequisite was that they had to accept various terms from Tengda’s E-Sports Department, including the standard contract.
The only reason why they were allowed to transfer the GPL slot was because they had worked together before. That was to give these clubs some face.
If these clubs really fell out, Pei Qian could naturally ignore them and give the three GPL spots to someone else.
Of course, that was under the worst circumstances.
If he did that, the three clubs would not get any benefits. Pei Qian’s reputation would also be slightly damaged.
That was why the bosses of these three clubs came to him. On one hand, they wanted to admit their mistakes, but on the other hand, they wanted to discuss a proper solution.
After some thought, Pei Qian decided that this matter had to be resolved.
All in all, he had to meet the bosses of these three clubs first.
“Alright, I’ll go over now. Ask them to wait.”
…
Half an hour later, at DGE Club…
The bosses of the SUG Club and the other two clubs sat in the conference room, drinking tea, unable to calm down.
Every second of waiting for Boss Pei was torturous.
Finally, he heard light footsteps outside. Boss Pei pushed the door open and entered.
The three club owners quickly stood up from their seats.
“Boss Pei!”
Pei Qian nodded slightly, shook their hands one by one as Zhang Yuan introduced them.
The boss of the SUG Club was called Ding Gan, a very rich second-generation heir. He was slightly inferior to Xue Zhebin but not much different from Yao Bo of Jinding Corporation.
Pei Qian had long heard of this person.
That was because SUG E-Sports Club had a certain reputation in the country. While it was not as old as the H4 Club, it was the richest among the earliest E-Sports Clubs.
Previously, SUG Club had prepared a total of 25 million yuan in order to buy the members of DGE Club. They did not spend much but it was enough to prove their wealth.
As one of the rich second-generation heirs who had entered the E-Sports industry earlier, Ding Gan had brought funds, attention, and traffic to the domestic E-Sports industry. However, he had also brought bad management and operations to the club.
Everyone took their seats.
Ding Gan cleared his throat and said, “Boss Pei, the three of us came all the way here today to apologize to you and clear the misunderstanding.”
“Manager Li’s lies not only caused Tengda to suffer losses, but also caused a huge loss to our club. From this point of view, we are all victims.”
“I’ll punish him severely when we get back and give you an explanation, Boss Pei!”
“I hope that Boss Pei will be magnanimous. Don’t let this small misunderstanding affect our hard-earned partnership. After all, our clubs contributed our hard work while preparing for the global finals even if we did not make much contribution.”
The bosses of the other two clubs chimed in with sincerity.
Pei Qian nodded and did not comment.
The three of them appeared very humble and sincere, but Pei Qian would be stupid to believe them all.
How could the club managers be able to decide a huge matter like selling its GOG’s branches? They must have asked the three bosses repeatedly.
The fact that the three bosses did not stop them meant that they actually supported Manager Li’s decision.
The higher the level of a person, the less likely they would be involved in such dirty work. Instead, they would leave it all to their subordinates. That way, if there were no problems, everything would be fine. If there were any problems, they could immediately draw a clear line.
Therefore, the bosses of these three clubs must be resisting the contract internally. They did not want to accept Tengda’s management and restrictions at first.
They even thought that as long as the clubs worked together, they would be able to control the GPL league and force Tengda to retreat.
However, now that the situation had developed to this stage, they had no choice but to give in.
If no one was interested in the GPL quota this time and could not be sold for much, the club owners would definitely not have such an attitude.
Thus, Pei Qian was neither angry nor understanding.
“So, may I know if you intend to fulfill the contract?”
Pei Qian went straight to the point, paying no attention to these three people trying to get close to him.
