Chapter 1573 - Chapter 1573: Chapter 1573: You Can't Take Advantage of the Fire!
Chapter 1573: Chapter 1573: You Can’t Take Advantage of the Fire!
Jacob Powell certainly understood the implications of the betting agreement. If the perfume business failed, The Powell Group would have to compensate Julius Powell, meaning their long-term efforts and investments would be in vain!
He frowned involuntarily, and his tone became sharper: “Julius, the Powell Group is already out of funds, and if we sign the betting agreement, any business failure would be a fatal blow for the company. You can’t just take advantage of us in this situation! If you’re willing to invest, I’ll be grateful, but I will never sign this betting agreement!”
The atmosphere suddenly cooled, but Julius remained calm, speaking with a gentle smile: “Mr. Powell, actually, I am not necessarily committed to investing in the Powell Group.”
This time he didn’t address Jacob as his cousin, clearly intending to distinguish their business relationship. There were no family ties in business, let alone between cousins who had little contact for a long time? Now they were just business partners sitting together to discuss their mutual interests.
Julius tapped his slender fingers on the table as he spoke casually: “An investment of 800 million dollars isn’t a small sum; this risk cannot be borne by me alone.”
The executives all understood that in the current situation, no one would invest in the Powell Group. Julius was willing to invest because of his brotherly relationship to Jacob.
With Julius’ business acumen, he had many options for investment, plenty of profitable projects that didn’t involve the embattled Powell Group. Although Jacob repeatedly promised that the perfume would sell well, their products had already been boycotted by netizens. If the perfume didn’t sell, Julius wouldn’t be able to recoup a single cent of his 800 million-dollar investment!
Julius glanced meaningfully at Jacob, speaking gently: “Cousin, as you know, my investment projects have never failed. This 800 million dollars of capital could be invested in many low-risk, high-return projects, and the Powell Group is not a good choice.”
“But in consideration of our relationship…” Julius didn’t finish speaking, but everyone in the room understood his meaning.
Considering his relationship with Jacob and the Powell family, Julius was willing to invest those 800 million dollars, but he was no fool and wouldn’t let the money go to waste. That’s why he made his request. If Jacob didn’t agree, their cooperation would have to be canceled.
Jacob understood his meaning, his face turning pale and furious.
He clenched his fists, inhaling sharply and gritting his teeth: “Julius, you… you are part of the Powell family too. Investing in the company is your duty, and there’s no need for a betting agreement. If the Powell Group has money, we will certainly pay you. Why bother with all these restrictions?”
At these words, everyone’s eyes turned to Jacob.
Although they were Powell Group shareholders and executives and should prioritize the company’s interests, they didn’t agree with Jacob’s statement. When he first arrived at the company, he had adamantly claimed that Julius had no connection to the Powell family and shouldn’t expect any shares. Now that he knew Julius was willing to invest, he was trying to use family ties as moral leverage, demanding that Julius contribute to the company. But Julius hadn’t taken a cent from the Powell Group, so why should he pay up?
“Mr. Powell, I’m sorry, I’m a businessman.” Julius said helplessly: “It’s not just my company, and I won’t be able to explain an arbitrary investment of 800 million dollars to our executives. If you find this request difficult to accept, let’s not force the matter.”