Please support the translation by reading the translation and commenting on otakutl official site.
Thank you.
Everyone from Otaku Translation
Chapter 114: Past, Present, Future!
"I have a piece of land, about eight acres, you know?" Lynch changed his sitting posture, took a puff of Colofu, and looked at Joegleman sitting on the other side of the office desk.
The latter frowned slightly. Honestly, he didn't know about this matter. In Sabin City, there were rarely large-scale financial operations, and the situation in the six major banks was basically the same.
If any bank had recently had a large transaction, Joegleman would know about it first. This industry was like a transparent glass wall to insiders, with not many secrets to speak of.
Lynch's claim of owning eight acres of land seemed strange to Joegleman. Before collaborating with Lynch, he had conducted investigations. Lynch didn't seem to have the qualifications to buy such a large piece of land in Sabin City.
Buying land in Baylor Federation was a straightforward matter - if one had the money, one could buy it. However, it also wasn't that simple. Most land transactions were related to other things linked to money.
For example, job opportunities. Buying a piece of land meant providing a minimum number of job positions to the city hall based on the land's designated use.
Or, after buying the land, there might be strict economic value standards, such as the annual output value.
Especially for industrial land, not only did it require numerous job positions, but it also had to meet the possibly unreasonable annual output value requirements set by the city hall. Otherwise, the city hall wouldn't approve the land transaction.
Lynch obviously didn't have such qualifications. Regardless of how much money it would take to buy eight acres of land, just according to the standard of providing at least twenty to thirty job positions per acre, eight acres would mean hundreds of job positions. Lynch couldn't provide that yet, although he had plans.
Having plans didn't mean they could be realized. If boasting could achieve things, the whole federation would have been in chaos long ago. Moreover, the evaluation from the federal government was much stricter than that of banks. Lynch basically couldn't and didn't have the qualifications to buy land, even if he had enough money to do so.
Joegleman couldn't figure it out and could only shake his head. "Sorry, I haven't been paying attention to this recently. Did I miss something?"
Lynch didn't seem to mind. He explained briefly, "I acquired ownership of Sabin City's professional rugby club. Now that piece of land is mine, and I plan to sell it."
With this explanation, Joegleman finally understood. He immediately took out a map from the drawer and located the club's land.
It must be said that although the land might not be in the city center, it wasn't too remote either. It was a good location. Based on current prices, the value of this land was roughly around two million. It should attract some interest.
He nodded, indicating he understood Lynch's meaning, and continued to look at Lynch. The latter went on, "I lack some local upper-class resources, but I believe you can help me with that."
"Have there been any generous buyers interested in such land recently?" Lynch couldn't help but smile. Every time he smiled, it gave people a sense of closeness. "You've said it yourself, we're friends. If you help me out, I'll gladly reciprocate. After all, we're friends."
"I'll try to help you find a buyer as a friend , not for any other reason," Joegleman avoided the latter half of Lynch's statement, even though it was the main driving force behind his decision to help Lynch.
Even if it was just one percent, it meant twenty thousand in income. He wouldn't mind such legitimate income, and if he could raise the price higher, the benefits he could reap would be even greater.
As the manager of the loan department of GoldenExchange Bank, one of the six major banks in Sabin City, he might not know the prominent figures of the underworld, but he knew wealthy individuals very well.
Lynch stood up, extended his hand, and shook hands with Joegleman. "I'll be waiting for your good news."
Joegleman assured him that he would find suitable buyers as soon as possible and personally escorted Lynch out.
Watching Lynch's car disappear outside the bank's office building, Joegleman shook his head with a smile and returned to his office.
He had seen many young people, but he had never seen a young person as enterprising as Lynch. Compared to other young people who were still indulging in leisure activities, wasting time, he had already begun to handle plans involving millions of bucks.
Sometimes, comparing oneself with others would only lead to disappointment.
After thinking about these matters for a while, Joegleman sighed. Just now, he had even entertained the idea of having his son learn from Lynch, but he quickly gave up.
If that little rascal dove into this circle, the greater possibility would be him being taken advantage of or exploited, or even ending up doing the dirty work for others, rather than becoming a legend like Lynch in people's eyes.
Compared to all this, leaving some assets for children and family would be more suitable for people like them, ordinary and unproductive.
With this in mind, Joegleman began to contact those "good friends," promoting the land in Lynch's hands.
News of Lynch wanting to sell the land also reached the mayor's ears at the earliest opportunity. The mayor, who was in a meeting, shook his head to the aides accompanying him, indicating it didn't need to be addressed.
In fact, when he instructed to sell the Sabin City professional rugby club to Lynch for "one buck," he had already anticipated Lynch would sell the land. Especially when Lynch expressed his desire to rebuild a brand-new club, this speculation had become reality.
At the same time, this was tacit approval from the mayor. The land itself was compensation for Lynch. On the surface, it seemed like Lynch had made a huge profit, acquiring a club and a land worth two million for one buck, but in reality, he might not have.
Investing in sports was costly. Even for an ordinary club, the annual expenditure would exceed half a million. The two million "compensation" could only sustain the club to operate at the minimum expenditure standard for four years.
After four years, if Lynch couldn't start making a profit, he would have to invest more money.
Whatever amount of money he took from the club, he would have to pay back double later—unless the city hall and the sports council approved, nobody would dare to take over the club, risking offending the local authorities and the biggest patron of the sports industry simultaneously.
Even if Lynch applied for bankruptcy, the local court wouldn't accept it until he was squeezed dry of every penny.
Of course, this was the worst-case scenario. For example, under the premise that Lynch made a fortune and fled, if he managed the business well, the city hall and the Athletes' Association wouldn't watch him drive the club to bankruptcy, which didn't align with everyone's interests.
With such countermeasures in place, this was why the mayor didn't care about Lynch wanting to sell the land. He couldn't escape!
This was a relatively secretive small-scale meeting. The participants were core members of the Progressive Party in the state, including some social elites, capitalists, and of course, politicians like the mayor.
They were all discussing the same thing - dividing the spoils.
These spoils came from EverBright Group, a multinational conglomerate. Before it showed signs of withdrawing funds from the Baylor Federation, both the Progressive Party and the Conservative Party found it beneficial to have this conglomerate in the federation.
After all, EverBright Group provided a considerable number of job positions and paid sufficient taxes to the federal government every year. However, EverBright Group's top management now wanted to withdraw funds and leave the federation to engage in reconstruction work in some post-war countries.
While the short-term profits from rebuilding a post-war country might not be as stable or as high as running stable businesses in a developed country, the political and financial benefits of post-war reconstruction far outweighed ordinary business. Moreover, as these countries rebuilt and stabilized, businessmen aiding in this reconstruction not only gained high political status but also gradually saw economic returns exceeding expectations from their investments.
This process might be lengthy, possibly taking decades or even half a century, but the returns it brought were undeniable.
Therefore, EverBright Group had to fall. Its plan to use the money earned in the federation, belonging to the people of the federation, to develop other countries violated certain people's interests and crossed everyone's bottom line.
During this sensitive period, not only were the top management personnel obligated to remain within the federation, but their funds were also mandated to stay within its borders, leaving them no opportunity to withdraw the federation's money.
After some meticulous operations, EverBright Group was investigated for tax evasion. Now, it had almost lost all resistance. Its board of directors had exhausted all their connections, but to no avail.
Even the top echelons of the Conservative Party had not commented on the actions of the Progressive Party in this matter. Instead, the Minister of Justice had stated last month that even multinational corporations involving foreign funds and influences must abide by the laws of the Baylor Federation.
The next step was to divide the profits. After the collapse of a conglomerate worth tens of billions, its corpse could cultivate more than ten companies worth tens of millions, but how to divide them, and who would become these lucky ones, required a process.
The entire matter was manipulated by the Progressive Party behind the scenes, so the distribution also required everyone's discussion.
As the ruler of the fourth-largest city in the state, the mayor obviously had the qualifications to participate in this cake-sharing, as well as a certain referee qualification.
Everyone was advocating for their interests, discussing their future development directions and plans, as well as what kind of returns they could provide to the city. But all of this had one premise - letting them consume everything EverBright Group had locally.
These gentlemen, who usually appeared exceptionally polite, were now quarreling like market women fighting over fifty cents on the streets. They even began to attack each other with insinuations.
Seeing them quarrel endlessly, the mayor, feeling somewhat weary, knocked on the table. The room fell silent, and everyone's gaze turned to the mayor.
"I didn't allocate a day to watch you argue with each other. Your time is precious, and so is mine," he said, standing up and rubbing his temples. "Take a break, and come up with a result as soon as possible. I don't want this to drag on indefinitely."
Please vote for this novel at
If you would like to support this translation, you may choose any one of the options below.
There are advance chapters available now
Access will be granted 24 hours after the donation
Tier 1: 7 Advance chapters
How to find a list of chapters
Please find the chapter label next to your favorite translator's name, and click the label.
No comments:
Post a Comment