Chapter 1107 I want to revise the contract!
"Yes." Yu Qian smiled and said, "Then it's decided to make it. 20,000 US dollars in three years, and other aspects remain unchanged. I hope we can cooperate happily."
"Happy cooperation." Chuck also smiled.
Immediately, Chuck asked his secretary and Vivian to go outside to agree to a new agreement, and then signed with Yu Qian on it, and the two sides reached an agreement.
There were fair staff at the scene, and the lawyers were there. This contract was officially established. Yu Qian became the spokesperson of Under Armour and signed a contract with Under Armour for three years, with an endorsement fee of 200,000 US dollars.
"Congratulations."
"Congratulations, Yu."
Yu Qian's agent team, Smith, Landmarksports, and others congratulated Yu Qian. As for Chen Feng, there is no need to be pretentious. The relationship between the two is too good.
After negotiating the contract with Yu Qian, Chen Feng's contract was next.
Since Chen Feng's contract is quite special and includes part of the equity, it needs to be kept confidential. Yu Qian, Yu Qian's agent, Vivian and other secretary and assistants were all invited out of the conference room.
In the conference room, only a few bosses, lawyers, impartial personnel of Under Armour, as well as Chen Feng, Smith and Landmarksports.
Chuck looked at Chen Feng and smiled and said, "Chen, you have already seen the contract. This time, we Under Armour are very sincere. We have 50,000 yuan in 5 years, plus 0.5% of the company's shares. It can be said that in addition to Curry's contract, your contract is the highest price offered by Under Armour."
"Yes." Chen Feng nodded.
This is not Chuck's bragging, this contract is indeed a sky-high price.
The endorsement fee of 50,000 US dollars in five years is not the key. The key is that the 0.5% stake, calculated based on the market value of Under Armour's company of more than 13 billion yuan, is almost 65 million US dollars.
Of course, it cannot be calculated exactly this way, because stocks are floating, and over time, they may become more or less.
However, according to the current situation, the total amount of Chen Feng's contract has reached more than 100 million yuan, which is of course a sky-high price.
Although Chen Feng and Under Armour signed the contract last year, they had agreed to add some of the company's equity after the contract renewal, Under Armour was able to take out 50,000 yuan, plus 0.5% of the shares, which shows their sincerity for the renewal.
Smith and Landmarksports are very satisfied with this. Chen Feng is only a second-year student in the second grade if it is spread, no one dares to believe it.
That is, Chen Feng, behind him, there is a huge Chinese market, and he is also amazing. Although he has only entered the league for more than a year, he has already become a superstar.
Otherwise, Under Armour would not have invested such a lot of money.
"How is it." Chuck looked at Chen Feng, "Chen, have you considered it?"
"Think about it." Chen Feng nodded.
"Haha, okay, let's sign the contract now." Chuck laughed and said to Chris beside him: "Chris, where is the contract? Get it."
He was already a little impatient and signed the contract, and the biggest thing today was done.
At this moment, Chen Feng was still as moving as a mountain. He raised his hand and smiled and said, "Wait, Mr. Chuck, I haven't finished speaking yet."
"Uh..." Chuck was stunned and looked at Chen Feng in shock.
Chen Feng smiled and said, "I just said I had considered it, but I didn't mean I wanted to sign this contract."
Chuck frowned: "Chan, I don't understand what you mean?"
Seeing Chuck's expression, Chen Feng smiled slightly: "Mr. Chuck, don't get me wrong, please don't doubt the sincerity of my cooperation with Under Armour. The reason why I don't sign this contract is because I hope this contract can be modified."
"Oh." Chuck breathed a sigh of relief when he heard Chen Feng say this. At least Chen Feng was willing to cooperate with Under Armour. "Chen, do you think the contract endorsement fee is too low?"
"No." Chen Feng stopped going around in circles and said directly: "I am very satisfied with the contract endorsement fee, but I hope I won't get a penny."
"What?"
Chuck was shocked, Chris was shocked, Under Armour's people, and Smith, Landmarksports people were shocked.
Chen Feng explained: "That's right, I hope this part of the endorsement fee can be converted into your Under Armour's shares. In addition, I will increase 50,000. I hope to use these to increase my holdings in Under Armour to 1.5%.
"This..." Chuck looked at Chen Feng for a long time before he realized, and calculated it quickly, saying, "Chen, if you want to increase your stake in our company, you can acquire it in the stock market, why bother?"
"Haha, I think that's very troublesome. Isn't it easier to deal with you directly?" Chen Feng said with a smile.
Chen Feng is optimistic about Under Armour, but he also knows that the reason why Under Armour is willing to give him a portion of his shares is to tie himself to this chariot.
Since Under Armour is using himself to make money, why don’t he get a share of the pie?
Chen Feng is very confident in himself. With him joining, Under Armour will definitely go to the top. Just look at the changes Curry brings to Under Armour.
Therefore, Chen Feng was unwilling to be given a cash amount by Underman and 0.5% of the shares.
In fact, Chen Feng is not short of money now, and when China Pharmaceuticals is exhibited, he will have more money. Now, he has renewed his contract with Land Rover and Omega, and has saved up almost 50,000 US dollars in his hand, and is worried about how to spend it.
This is just right, and it can be used on this and exchanged into Under Armour's shares. When Under Armour's stock appreciates, you can also benefit yourself, which is better than putting in a cheap bank.
Moreover, Chen Feng was also involved. He had confidence in himself and Under Armour, so he was not worried about losing money.
Chuck thought for a while, but still felt embarrassed: "Chan, one-point five percent is too much. You have to know..."
"Chuck." Chen Feng raised his hand: "I heard that the sales of Curry's third-generation sneakers you recently launched were not satisfactory, right?"
Chuck's face changed. After looking at Chen Feng for a while, he guessed what Chen Feng meant, and answered truthfully: "Yes, it's indeed a little worse than Curry's second generation sales. But we believe this is only temporary. Maybe the fans are not used to it yet, so it will be fine after a while."
"Haha, maybe." Chen Feng smiled and said, "Maybe it will be better, maybe not, but in my opinion, it may be bigger. By that time, the stock price of your company will definitely fall. If I don't renew my contract with Under Armour and switch to other brands, will Under Armour's stock price fall more?"
Chapter completed!