Chapter 272 An Opportunity
"Wait, Mr. Baron." George was puzzled when he heard that Sebastian Coe came here to convince himself to provide operating funds for the London Olympics. "If I remember correctly, the royal family and Prime Minister Blair should have supported London's bid for the Olympics, and even asked Princess Anne to join the Olympic bid. Logically speaking, you should not have any financial problems. Even if there is, the bank should be happy to provide loans in this regard."
George's words were not aimless. Although the early Olympics were indeed a sports event that lost money and gained publicity, since the Americans demonstrated what commercial operation meant at the 1984 Los Angeles Olympics, the already unwilling Olympics immediately turned over and became a hot commodity in everyone's eyes with the huge profits it could bring.
So, when George saw that Sebastian Coe was worried about funding issues and even chose to ask for help from himself, his first reaction was that he felt incredible - could these British banking giants be so short-sighted that they could not even see the huge business opportunities hidden in Olympic events?
"That's right. We did think that it would be easy to attract a large investment by taking advantage of the Olympic bid. Unfortunately, they all seem to want to become sponsors or partners of the London Olympics, and they generally have no interest in providing funds for the Olympics." Hearing the doubts revealed in George's words, Sebastian Co couldn't help but smile bitterly and told George all the truth about the matter.
It turns out that compared with futures, stocks, and real estate industries with short investment cycles and huge profits, the preparation time and investment cycle of the Olympic Games are undoubtedly much longer, and the return on investment is relatively low, which largely dispels the idea of most British banks and consortiums investing in assisting in the preparation of the London Olympics. With this time, they can double their investment in the bullish oil futures and real estate markets!
In addition to banks and consortiums, Sebastian Coe can also seek support from the British royal family and hereditary nobles. However, he also knew very well that although the British royal family and these traditional nobles had extremely strong family property and were willing to contribute their own strength to the construction of the country, the problem is that their assets are mainly various real estate and jewelry collections handed down from their ancestors, and the working capital they can use is actually very limited. Therefore, even if the royal family and nobles are willing to help in the preparation of the Olympic Games, facing this funding gap of up to 10 billion pounds, these people can only say they can do nothing.
As for seeking loans from foreign banks or consortiums to solve the problem of insufficient funds, Sebastian Cotta never considered it from the beginning. You should know that the reason why the British government is so enthusiastic about supporting London's Olympic Games is not to demonstrate the so-called style of a great power, but to stimulate economic development and reduce the unemployment rate of the domestic population, so as to gain more votes and higher public support.
Therefore, if Sebastian Ko chooses to cooperate with foreign banks or consortiums to obtain funds, it is undoubtedly putting the cart before the horse. Because these foreign forces will not consider this matter, and they will definitely make mistakes in the use of funds and set various restrictions on the use of funds, and will never agree to the British government to use this money to deliberately support domestic companies.
In short, the rich are not interested in being the sucker to support the large-scale economic construction in Britain this time, while those who are interested in participating do not have enough financial support to participate. Therefore, Sebastian Cott puts his hopes on George, who was born in the traditional British aristocratic circle but has strong financial resources!
"Uh, Baron Ke, please let me think about this matter carefully." After figuring out the whole story, George couldn't help but fall into thinking. After all, this is a big business with a capital scale of up to tens of billions of pounds. If you are not careful, you will easily end up in a way that you can make wedding clothes for others in vain, but you can't get any benefits if you pay money and work hard.
Although the Olympics have changed from a money-burning machine to a money-making weapon under the demonstration of Americans, the profitability of each Olympic Games is different. In addition, according to convention, during the Olympic Games, the turnover of the entire London Olympic Village will belong to the London Olympic Organizing Committee. Therefore, if too much liquidity is rashly invested in this, it will not only put huge pressure on George's capital chain, but also face the situation where all investments will not be able to be recovered for a long time in the future!
However, although raising tens of billions of pounds of funds for the construction of the London Olympics is indeed quite risky, then again, for George and Tottenham Hotspur, this is also a huge opportunity? You should know that in London, where every inch of land is valuable, if a club wants to expand the stadium and conduct commercial development around the stadium, it will not only require a lot of real money, but also convince local governments and residents, otherwise it will not be possible to pass and implement it smoothly!
Chelsea in his previous life is the best example. After receiving investment from Abramovich, Chelsea Club wanted to expand the Stamford Bridge Stadium, which could only accommodate 40,000 fans several times, but residents living nearby disagreed, resulting in Chelsea's stadium expansion plan being repeatedly stranded, and the commercial development around the stadium was greatly affected. Until the year when George traveled, Chelsea, whose expansion plan had been approved, still had constant disputes with local residents, and the project was extremely unsuccessful.
Tottenham is now facing the same problem as Chelsea in his previous life. You should know that the capacity of White Hart Lane is 5,000 less than Stamford Bridge Stadium, and the Tottenham area is also one of the highest unemployment and poorest areas in London. This makes it easier to expand the White Hart Lane Stadium than Chelsea, but expanding the stadium in a slum area will not be much beneficial for Tottenham.
The situation is completely different at the moment. If George took this opportunity to move the Olympic Village to the North London area where Tottenham is located in the name of the investor, and to use the "London Bowl" in his previous life as Tottenham's new home court, and at the same time, he will take the entire Olympic Village into a theme park that belongs to Tottenham Hotspur alone, then Tottenham will no longer need to face these current problems, and someone will come forward to help them solve them!
As for where the East London area, which was taken away from the Olympic Village position, will go in the future, that is not something George needs to care about.
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Chapter completed!