Just when domestic netizens are protesting and shouting for "the Chinese businessman who acquired AC Milan was framed by foreigners"!
An article titled "Li Yonghong, a businessman from Hong Kong, China" was published!
Li Yonghong, born in 1969, is from Huazhou, Guangdong Province. He immigrated to Hong Kong in 1994 and served as the general manager of Hong Kong Lishi Group. This group also invested in Qiong Province Real Estate Development Company...
On the surface, this is a man who got rich first.
Later, the description of him became intriguing.
In the 2004 Huazhou Green Mountain Manor illegal fund-raising case, he was wanted as an accessory. The main traders were his father Li Naizhi, his elder brother Li Hongqiang, and his younger brother Li Yongfei...
In 2011, Li Yonghong bought Duolun shares for 360 million yuan.
In 2012, Li Yonghong was publicly reprimanded by the Shanghai Stock Exchange and fined 600,000 yuan by the China Securities Regulatory Commission for illegally trading shares of listed company Duolun and failing to report stock sales information.
Because it was "unable to contact Li Yonghong," the Shanghai Stock Exchange could only serve a letter of intent regarding disciplinary sanctions to the company in the form of an announcement.
It was reported in 2013 that Li Yonghong was also suspected of playing a "dual identity" in the capital market...
To borrow a description from a netizen, this is a capital vulture!
In 2017, this businessman became famous in one fell swoop by purchasing AC Milan for 740 million euros!
According to a report by Gazzetta dello Sport, Li Yonghong invested 911 million euros in Milan.
Of the 911 million euros, 740 million euros were used to acquire club shares, 90 million euros were used to fill the club's financial deficit last season, 10 million euros were provided free of charge, and another 71 million euros were invested to increase Milan's capital.
According to reports, Li Yonghong spent several months in Europe and the Middle East looking for buyers for AC Milan, but no one wanted to have anything to do with him.
The main reason is Temasek's loan, which has an annual interest rate of more than 20% and is a "payment in kind" loan.
Li Yonghong is allowed to extend the debt period instead of paying interest in cash, which means that the longer it takes to repay the debt, the higher the debt will be.
This became an obstacle to Li Yonghong's continued financing and was also the straw that broke the camel's back.
Now, Temasek has officially taken over AC Milan at the cost of "300 million euros principal + 90 million euros interest".
Conservative estimates suggest that Li Yonghong lost at least 300 million euros in this acquisition.
For Li Yonghong, this was the most failed capital operation among his many attempts.
…
After reading this article, many people stopped talking and silently deleted the "inappropriate remarks" they had previously posted online.
This Ta Ma is a "habitual fraud offender" and a "leek harvester". It's really blind for me to plead grievances on his behalf at my own expense.
Except for a small number of domestic AC Milan fans, most people think that Li Yonghong really deserves it.
If you hunt geese all day long, you will eventually be pecked and blinded by the geese!
As for AC Milan fans, they feel that Li Yonghong has finally spent real money in AC Milan. He neither owed players wages nor sucked blood from the club. He is considered a good boss.
The so-called buttocks are different and the words are different, nothing more than this.
…
"Brother, you are putting our Temasek on the fire!"
Li Hengbo's tone was full of resentment. He thought that setting up a hedge fund with Zhang Yida to make loan sharks would be easy and profitable.
But until this moment, he didn't know how much thunder he had endured for Zhang Yida.
A few days ago, Chinese public opinion was criticizing Singapore and Temasek, and the upper management of the family almost intervened, but he stopped them.
Of course, Zhang Yida did not disappoint him either. As soon as he took action, he completely wiped out Li Yonghong's background.
At present, the incident has almost subsided.
However, Temasek's reputation has still been slightly affected. People who cooperate with them in the future will probably have to be careful.
"What kind of fire is it roasting on?"
Zhang Yida smiled and said, "Temasek didn't make less money this time, right?"
Li Hengbo spread his hands and said, "It's not necessarily true. AC Milan is in a mess now. The former Prime Minister and Li Yonghong made the club's finances into a mess.
Even if we want to increase investment, we are still constrained by the Financial Fair Play Act.
At present, the club is still carrying penalties from UEFA and is not even allowed to compete in the European competition. It is even more difficult to get out of the quagmire."
Li Hengbo poured a glass of red wine by himself and began to taste it while lying on the sofa.
"I said, brother, do you regard me as your own home?"
Li Hengbo laughed and said, "The shareholders are here, and you, the chairman of the board of directors, don't even serve a glass of wine. Isn't it a bit unreasonable?"
Zhang Yida smiled, knowing that this young man can be quite cynical sometimes, so he was not surprised.
"Do you know how Paris Saint-Germain circumvents FFP and plays tricks on UEFA?"
Li Hengbo sat upright and looked very interested, "How did you play? Tell me quickly."
Zhang Yida did not speak, but walked aside.
"Hey, why did you stop talking in the middle of the sentence?"
Zhang Yida poured a glass of red wine and sat back on the sofa, "It's a long story, I want to moisten my throat first!"
Li Hengbo: "..."
"To understand it simply, this Financial Fair Play Act does not restrict your spending, it just doesn't want you to go bankrupt!"
Li Hengbo smiled and said, "Can you still understand it this way? I originally thought it was to prevent Jinyuan Football from poaching people without restrictions, which would directly lead to abnormal prosperity of the industry?"
"You are right to understand this!"
Zhang Yida looked out the window, "This bill was proposed by the then UEFA president Platini in 2009, and it contains hundreds of pages.
And a specific number is used to stipulate the upper limit of cumulative losses: in the three seasons starting from the 2011-12 season, any team participating in the Champions League or Europa League must ensure that the club's cumulative losses do not exceed 45 million euros.
In the next three years, starting from the 2015-16 season, the loss limit will be reduced to 30 million euros.
30 million euros is not enough to buy better players!"
Li Hengbo nodded, "Yes, it's a typical slap-on-the-head decision. There is no classification between wealthy teams and civilian teams. They are all based on a loss standard.
The income of wealthy teams in terms of ticket revenue, event broadcasting revenue, and team peripheral products is much higher than that of civilian teams.
This makes it difficult for civilian teams to increase their competitiveness with wealthy teams by purchasing high-level players.
Even if you develop excellent players through your own youth training, it will be difficult to resist wealthy teams poaching top players with high transfer fees and salaries.
If this continues for a long time, I am afraid that the gap between the rich and the poor in the club will become wider and wider. The same teams keep winning the championship again and again, and everyone is tired of watching it and has no sense of expectation at all."
Zhang Yida nodded, "There is also a free spending zone, stadium development, youth player investment, and fan development. Expenditures in these areas will not be included in the Financial Fair Play assessment."
"This is the only humane aspect. The Financial Fair Play Act should have mainly targeted tycoons like Chelsea and Manchester City at that time."
Zhang Yida thought about it and found that this was indeed the case.
"Let's talk about Paris Saint-Germain's approach of increasing the team's income through huge sponsorships. This is open source.
Inviting the best accounting firm to "do the accounting" is a way to save money!
The player buying and selling balancing project is also a technical job!
Do you know how Neymar joined Paris?"
Li Hengbo shook his head. He really didn't know the inside story. It seemed like a sky-high price transfer.
Zhang Yida said: "Let me tell you, the consortium behind Paris Saint-Germain paid huge fees in the name of hiring Neymar as its image spokesperson.
This allows Neymar to buy out his 222 million euro contract with Barcelona and join Paris Saint-Germain as a free agent."
Li Hengbo laughed, "This operation is so cool! The club suddenly lost more than 200 million in its account."
"What's even more outrageous is that in Mbappe's transfer, he first adopted the form of loan, avoiding the three-year review cycle from 2015 to 2018, and then spent money to buy it.
In addition, the transfer fee is treated as an asset and then amortized based on the length of the contract signed with the player.
Nowadays, every club likes to sign long-term contracts in order to reduce the financial losses caused by transfers."
Zhang Yida said with a smile, "If this doesn't settle the matter, there is still another cruel trick, which is to play tricks on UEFA."
"Playing tricks?" Li Hengbo asked puzzledly.
“In 2014, Paris Saint-Germain and Manchester City were found to have losses of nearly 200 million each.
At that time, UEFA was very tough and prepared to expel the two upstarts from European competitions in accordance with the law.
Seeing that disaster was imminent, the wealthy man suddenly lost his temper.
Manchester City and Paris immediately said that we would find the 50 best lawyers in the world and sue UEFA for 10 years.
Upon hearing this, UEFA Secretary General Infantino immediately gave in.
Of course, on the surface, he still said that things would be done officially, but privately he reached an agreement with Manchester City and Paris to give him a lighter sentence.
After hearing about the incident, the then head of UEFA's Financial Control Department resigned in protest.
Then it’s useless! If you have money, you can do whatever you want!”
After hearing these words, Li Hengbo suddenly had a plan in mind.
Ask Zhang Yida: "What do you want to do next? Learn from the oil tycoons?"
Zhang Yida shook his head, "I won't be as exaggerated as they are. Once Cristiano Ronaldo is in place, we can build a lineup around him that can enter the Champions League."
Li Hengbo nodded. He was most afraid that Zhang Yida would not regard money as money and imitate the oil tycoons who spent money to gain fame.
If it wants to do that, Temasek will have no choice but to withdraw.
Singapore's ability to develop from a small country to a developed country relies on pragmatism.
"By the way, are the shares transferred to you now? Or will they continue to be held by Temasek on behalf of you?"
Zhang Yida weighed the pros and cons in his mind, and it seemed that now was not a particularly good time for exposure.
Forget it, I'm afraid Li Yonghong will jump up and down to let him make trouble.
It’s not him who deceived him, it was Temasek! People all over the world know this.
“Okay, let’s pay dividends to the equity held by the hedge fund!
According to the club's current valuation of 450 million euros, the fund's floating profit is 150 million, and the share ratio is 9 to 1. As the GP, you still hold 1% of the fund's shares.
Each of our two companies contributed half of the 50 million euros in new capital.
For 99.93% of the shares, I take 91.33% and you take 8.6%.
Do the math yourself, is this number correct?"
Li Hengbo nodded, "I've done the math and it's not wrong!"
"There is one more question!"
He asked Zhang Yida again: "We also need to introduce Cristiano Ronaldo and build a lineup. It is estimated that we will invest 300-500 million euros in it.
According to what you just described, let Ruixiang and Temasek invest in the form of sponsorship?"
Zhang Yida nodded with a smile. He understood the skills very quickly, and he knew how to practice them!