Chapter 157: Shanghai Fantasy
On the other side, the club’s head, Yi Xidi, was genuinely surprised for quite some time after receiving news from his subordinate staff. The reason was simple: he saw that the offer he received was to fully acquire all the assets under the club for ten billion RMB.
In fact, investing ten billion in a small club like Lifang could be considered astronomical. If Lifang were merely a club relying on rented venues for matches, it wouldn’t even be worth that much.
The only valuable asset might be its qualification to participate in the Super League. As for the players, to be honest, their value is not high. The total transfer fees for all players add up to just over a hundred million, and after the transfer, the salary would still be paid by the new owner.
However, the club does have a significant advantage that other clubs don’t: a considerable fan market and its own stadium.
Although this stadium can no longer be used for matches, having a piece of land here is still valuable. Given the current value, this land might be worth over forty billion.
But if the Lifang Club were sold, it certainly wouldn’t fetch that much, as the land can only be used for sports facilities.
With such restrictions, who would be willing to take on this big headache without some serious thought and determination? Yi Xidi had also considered rebuilding the stadium on this land, transforming it into a professional football venue.
But this investment would require at least several billion to be feasible, enough to cover the club’s expenses in the Super League for two or three years. With Lifang’s financial capability, it didn’t have the confidence to make such a significant commitment.