typeface
large
in
Small
Turn off the lights
Previous bookshelf directory Bookmark Next

Chapter 947 Additional Terms

Baia has received information from some well-informed friends in the circle that the main reason for the "Hillsborough Disaster" was probably related to the unreasonable structure of the stadium and improper management and handling by the local police.

Although Baia is in poor health, his brain is still good enough. He knows that if this happens, the Britten government will definitely cover up the situation and shift the responsibility to the fans and the stadium.

Thinking of this, Baia couldn't help but smile bitterly in his heart. It is estimated that the rental fees of various stadiums will rise again at the beginning of the new season.

Although Britten has no restrictions on stadium ownership, football clubs that own their own stadiums are very rare. Most of the stadiums belong to local governments, and clubs lease them from the government.

For clubs struggling in low-level leagues, the rental costs of stadiums that meet competition standards, together with the accompanying security costs, account for a large proportion of the club's annual expenses.

This time, with strong enough reasons, the local government will of course increase rents under various names.

Even if some clubs have signed longer-term leases with the stadium, the increase in security costs is inevitable.

I don’t know how many small clubs will be unable to support this time and declare bankruptcy.

Baiya threw down the newspaper in his hand and let out a long sigh. It seemed that the negotiations with the Future Investment Company must be stepped up.

In fact, the preliminary preparations for the negotiations between Baiya and Establishment Future Investment Company have been carried out at an astonishing speed.

The other party's negotiation team came to Banat and spent only three days not only checking the financial situation, but also sorting out all the situations of Banat Football Club and Baia's playground.

There is no way, the Banat Football Club and the amusement park are too small, and the business transactions are extremely simple. Baiya wants to make the situation more complicated, but there is really no such condition, right?

Today is the day of the first negotiation between the two parties. Yesterday afternoon, Wei San had already had a preliminary exchange of views with the other party.

The other party did not take advantage of the crisis and desperately lower the price. In Baiya's view, the other party showed full sincerity. As long as some details are negotiated, the possibility of the two parties reaching an acquisition agreement is very high.

Originally, Baia did not plan to come forward. His heart could not withstand the pressure during negotiations, so he would at most attend the signing. The negotiation work will be solely responsible for his wife, and the specific negotiations will be handed over to his deputy, the playground.

It was completed jointly by the club’s lawyer and Wei San.

However, after he learned about the conditions offered by the other party yesterday, he suddenly became interested and wanted to see the other party.

Because Baiya feels that since the other party has offered such generous conditions, it means that they really want to engage in football. Therefore, the feasibility of a principled dispute between the two parties during the negotiation is extremely low. It is not a bad idea to personally greet them.

However, in the end, Baia only welcomed the future negotiation team that came from afar and did not participate in the formal negotiations that followed. He wanted to go, but no one around him dared to let him go.

Emotional excitement does not necessarily only occur during quarrels. Being overly happy, sad or anxious can also make his fragile heart unbearable.

The negotiation team is led by Fan Zheng, with Lenny as his deputy and several assistants, who are responsible for reviewing the assets and operating conditions of Banat Football Club and the playground, as well as financial statements.

There is not much to say about the amusement park. Most of the rides are rented and can be returned at any time when not in use, which is very convenient.

The situation of the amusement park is clear. The main asset is a large amount of land. The cash flow is sufficient. There is a little short-term loan, but the proportion is very low. Although the profit rate is not high, the financial situation is very healthy.

The situation of Banat Football Club is very bleak. It basically relies on annual blood transfusions from Baia to survive.

The club's current net debt is about two million pounds. In addition, Bayer has to invest about one million pounds in net investment into the club every year. Otherwise, the club will not be able to operate normally and will have to declare bankruptcy.

After seeing the situation in the club, both Fan Zheng and Lenny admired Baia. He really loves football! It is really not easy for his heart to persist until now.

If it were Fan Zheng or Lenny, seeing the club losing money like this for many years without any improvement, I am afraid they would not be able to bear it.

The price offered by Beyer is not high.

In order to let the acquirer take over the Banat Football Club, he made a huge profit on the selling price of the playground, which can almost be regarded as a fair sale. Who made the Banat Football Club a big money-loser?

After several days of investigation, Fan Zheng and Lenny had almost figured out the basic situation. They reported to Sun Dahai, and the feedback they received made them confident.

Yes, Bayer's offer was 25 million pounds, and Sun Dahai's bottom line was 23 million pounds, with less than 10% room for dispute. As for other ancillary terms, Sun Dahai said that

It's totally acceptable.

The additional terms mentioned here mainly refer to "acquisition of Banat Football Club for one pound", "assuming all the club's debts", and "investing no less than one million pounds of working capital into the club every year" and "no transfer within five years."

Or break up the club".

In addition, there are some clauses, which are not very binding and can only be said to be Baia's thoughts. For example, "the annual dismissal rate of the club's existing employees cannot exceed 10%", "new industries give priority to recruiting playground employees" and so on.

When the two parties exchanged intentions before the negotiation, Fan Zheng had already made it clear that Jieshe would no longer continue to operate the amusement park in the future. Baiya would be responsible for deregistering the amusement park, terminating employee labor contracts and compensating them.

These terms are nothing to Sun Dahai. He has great ambitions this time and is ready to do something big here, so he doesn't care about these small conditions.

Even at the beginning, he wanted to use money to pave the way like the big guys in the Middle East. It was just 25 million pounds, and he didn't even need to negotiate, just send money directly.

Then he thought about it and decided to forget it. This wasn't buying something. He paid a lot of money to buy it and then walked away.

The club needs to be run for a long time. If we brand ourselves as a nouveau riche now, then everyone will come to kill us, just like Abramovich in his previous life, and that will not be good.

Therefore, the 25 million pounds offered by Bayer to Sun Dahai is completely acceptable, but he still wants Fan Zheng to cut down a bit, and to show some concern to the outside world. We are not being taken advantage of.

The negotiations between the two parties went extremely smoothly, and a consensus was reached on the general direction on the first day. Everyone believed that the negotiations could be concluded within three days at most.

However, the next day, Representative Fan Zheng proposed a new additional condition.


This chapter has been completed!
Previous Bookshelf directory Bookmark Next