Chapter five hundred and twentieth fifth net vulture
Italy.
Milan.
In a high-end hotel, a middle-aged man with unshaven beard and bloodshot eyes was lying on the sofa, looking at the ceiling, a pile of cigarette butts and empty wine bottles on the coffee table.
He is "Brother Li" in the mouth of AC Milan fans, and the "mysterious Chinese rich man" in the mouth of Milan citizens. He is also the actual controller of the listed company Zhuhai Zhongfu's controlling shareholder Jiande, and is the illegal Huazhou Green Mountain and River Manor that caused a nationwide sensation in 2004.
The accessory in the fund-raising case is wanted.
He took the more than 40 million yuan that his father and brother had obtained only after they were imprisoned, and went overseas. After disappearing for ten years, he returned to the country and haunted the domestic capital market.
Who would have known that the stock market crash occurred again in those two years and I was deeply trapped.
In order to make up for the losses, he was introduced to the idea of acquiring a football club.
During those two years, Chinese consortiums were acquiring sports assets around the world.
In addition to controlling Inter Milan and investing in the world's top teams and clubs such as Manchester City and Atletico Madrid, some sports events are also competing for investors, with sponsorship fees and copyright fees soaring.
Government departments have also issued relevant documents requiring accelerated development of the sports industry.
It seems that the trend has arrived, and Li Yonghong has also organized a consortium to go to Europe to show off his skills.
Unfortunately, he started too late and encountered national capital outflow controls.
The funds could not leave the country, so in order to prevent the deposit he had paid from going down the drain, he looked for money everywhere.
After being introduced by a friend, he met Zhang Yida, who in turn introduced him to Temasek.
After weighing the loan contracts offered by Elliott and Temasek, he chose to borrow the usury offered by the latter.
Without him, the interest rate is low and the compensation for exit is also higher.
It's not like he hasn't thought about whether he might not be able to repay the loan later.
But according to his speculation, this possibility is unlikely. In football, as long as you are willing to spend money, there will be no results.
In the 17-18 season after he joined AC Milan, he spent a total of 228 million euros on signings to create a new lineup for the team.
Even the fans in the stands held up slogans saying "We are not short of money" and loved the Chinese club chairman very much, calling him "Brother Li" affectionately.
Everything is so beautiful!
He is thinking that after the team enters the Champions League and its finances improve, he can bring the related sports industry back to China. He can even go to the big A-shares to play with some concepts and make a circle.
Or selling the club and making a small profit is also a good option.
However, the dream was shattered.
AC Milan has a poor record. The lineup he spent a lot of money to build has become a joke. It only finished sixth in Serie A and lost the qualification to participate in the Champions League.
After losing the Champions League bonus and broadcast rights share, AC Milan will lose a lot of income, and the huge sum of money he borrowed from Temasek will no longer have a source of repayment.
Moreover, the team's total debt has surged to 128 million euros, and he is in urgent need of continued blood transfusions.
In addition, because of his lavish spending, he also violated the Financial Fair Play Act.
Last month, UEFA announced that AC Milan would be banned from participating in UEFA competitions for the next two seasons due to breaches of Financial Fair Play.
This is not the most terrible thing. The most terrible thing is that his loan from Temasek is overdue.
According to the contract, he needs to pay interest on the loan every six months. The latest interest payment of 30 million euros was supposed to be paid last month, but he really can't come up with the money.
While pleading with Temasek, he raised money from everywhere.
But everyone pushed against him. None of his fair-weather friends who used to trade with him in the big A-share market were willing to lend him money.
In fact, we can't blame his friend for being unloyal. It is precisely because he knows him well that he is unwilling to lend him money.
In China, there are still a group of bosses who he used the controlling shares of listed companies as bait and lent hundreds of millions to his boss.
He did not return any of the money, and even if they wanted to take him to court, he ignored it.
In the past, when he thought about it, as long as the AC Milan club assets were revitalized, some borrowing would not be a problem at all.
"Perhaps we can only find Zhang Yida!"
Li Yonghong, with the idea of treating a dead horse as a live doctor, dialed Zhang Yida's phone number.
"Hey, Mr. Zhang!"
Li Yonghong's signature laughter came over the phone, and Zhang Yida thought to himself, he is indeed an expert in fraud, and his acting skills are top-notch.
Temasek’s Lee Heng Pak had already informed Lee Yong Hong about his overdue loan last month.
However, Zhang Yida was not in a hurry to close the network. According to the contract, Li Yonghong had one month to make amends.
Whether it is borrowing funds or finding new investors, related problems can be solved.
"Mr. Li, hello!"
Zhang Yida had almost guessed the other party's intention, but he still looked calm.
"That's it, I have some financial problems recently and I want to sell AC Milan to you...
The price is easily negotiable. I spent 740 million euros at that time, of which 520 million euros were acquisition funds and the other 220 million euros were debt obligations.
The current debt of the club is 128 million euros. I am willing to transfer the team to you for 520 million euros. A discount of nearly 100 million euros is considered a good discount.
How about Mr. Zhang? I know you also want to buy a team. The Rossoneri has a history of hundreds of years and is actually a very good choice.
I also don’t have enough financial resources to get where I am today.
But you are different. You have strong financial resources and can definitely bring AC Milan up.
As long as the club's performance improves, the valuation will definitely rise..."
Li Yonghong basically did not hide anything, including financial data and the team's poor performance.
Because he also knew that this could not be hidden from Zhang Yida at all, and the other party would definitely make due diligence.
Moreover, he also suspected that Zhang Yida and Temasek might be involved in some way.
Maybe part of the 300 million euros lent to him was provided by Zhang Yida.
But he is not sure whether Zhang Yida is involved. If not, let the other party buy AC Milan so that he can retain some equity or withdraw with some money.
It is better than having AC Milan confiscated by Temasek directly on the grounds of "loan default", because in this way, he will not receive any benefit.
It cannot be said that there is no point. Temasek will pay him an exit fee of US$2 million, which is more sincere than Elliott's US$2.
"520 million euros, and we still have to bear 128 million euros of debt!"
Zhang Yida pretended to be very hesitant, and after a moment, he said: "In this case, I want to understand AC Milan's financial situation and performance first.
Send me a relevant report!"
Li Yonghong was hesitant. Could it be that Zhang Yida wanted to delay time? He was delaying himself so that he could not find a suitable buyer, and then it was confiscated by Temasek.
He quickly replied: "Mr. Zhang, I'm a little anxious here. I may need you to give me a reply quickly, because I'm still contacting other buyers.
You also know that this century-old wealthy family is actually very popular."
Zhang Yida chuckled secretly, still pretending to me, how could anyone dare to take over this hot potato?
But he didn't want to expose Li Yonghong, because he was just like a fly.
In his previous life, he was taken care of by Elliot, and he would pop up every now and then to make his presence felt, shouting that he was wronged, saying that he had been deceived, and pretending to be weak to gain sympathy.
Considering that he and I are both Chinese, it is really not suitable to play a barbarian.
If the other party finds some unscrupulous media in China to give him some black material, he can't do anything to him.
But people who don’t know the truth may be misled and damage their great image.
Not a good deal!
"That's it, three days! I'll give you an answer within three days."
Hearing Zhang Yida's tone, Li Yonghong ignited a glimmer of hope and said happily: "Okay, let's make it a deal!"