Chapter 1077 Penetrating the British Telecommunications Sector Again

After going to work in the afternoon, Xia Yu did not go to George Berkeley, who was busy, but called Elton Colin, an executive in the investment banking department, and asked him to investigate the details of Chelsea Football Club and make a purchase plan.

The reason why he was chosen was because Xia Yu learned that he was an old fan, and perhaps he would have a better understanding of the inside story of Chelsea Football Club and would be more efficient.

The result did not disappoint Xia Yu.

It took only three days for Elton Collin to get to the bottom of the situation at Chelsea Football Club, and also made a complete acquisition plan, which was presented to Xia Yu early in the morning of November 6.

The true situation of Chelsea Football Club is unabashedly displayed in front of Xia Yu.

Chelsea Football Club is in crisis!

And when you fall into the trough, you can't see the hope of rising!

Over the years, things have been mixed and inconsistent for Chelsea Football Club.

Especially in the past two years, it has been going downhill, has been hovering on the verge of relegation, the team's poor results have broken the hearts of fans, disappointed fans again and again, so that fans voted with their feet, resulting in a sharp decline in Chelsea Football Club's ticket revenue and advertising revenue.

Prior to this, in 1977, when Chelsea Football Club's results were still good, the Mills family had already started the renovation of the east stand of Stamford Bridge in order to increase commercial income, preparing to build a three-storey suspended grandstand with more seats, and the creativity of this design is far ahead of the curve, but the difficulty and cost of construction have also increased.

As Chelsea Football Club's results have declined, so have ticket purchases, and the Mills family has begun to shackle their hands as their revenues plummet.

That's it.

What's worse is that the British economy has been in a quagmire in recent years, and the main business of the Mills family has also been greatly affected, and the family business has a tight capital chain.

As a result, the Mills family had to delay the renovation of Stamford Bridge, and now four years later, the stadium is halfway to the design level.

Despite the delay in the renovation, the interest on the bank loan has been accumulating and the income of Chelsea Football Club is no longer enough to pay the interest on the bank or even to keep Chelsea Football Club afloat, let alone buy some of the best stars in the transfer market.

A vicious circle has emerged!

Today, Chelsea Football Club is saddled with £620,000 in debt.

The Stamford Bridge stadium does not belong to Chelsea Football Club, but is the private property of the Mills family, which belongs to the Stamford Bridge Asset Company, and the Mills family has 100% ownership of the company.

But to expand the Stamford Bridge stadium, the Mills family was saddled with £6.4 million in debt, which continues to increase every year because of interest.

It is worth noting that £3.86 million of the £6.4 million debt on the Mills family belongs to the Royal Bank of Scotland, which is the main creditor of the Mills family.

In the acquisition proposal, Elton Collin assessed the club's assets and concluded that the aged or untalented players and coaches were worthless.

The Mills family are now saving themselves from the family business, so there is a good chance that they could negotiate a takeover of Chelsea FC for nothing at the cost of a £620,000 debt.

As for Stamford Bridge Asset Management, the only valuable company is Stamford Bridge Stadium, which is valued at around £9 million, with net assets of around £2.6 million excluding debt of £6.4 million.

Considering that the Mills family is now in trouble, desperately in need of funds, and wants to get rid of the debt burden, they will occupy a certain initiative in the acquisition.

Elton Colin has preliminarily decided that Stamford Bridge Assets could be bought for between £2 million and £2.5 million, in exchange for the corresponding debt.

The whole plan is only more than two million pounds.

Even if you add in the funds for the subsequent completion of the reconstruction, it will only be five or six million pounds.

This amount of money may be a lot for the Mills family, whose assets are only more than 20 million pounds, but for Xia Yu, it is only a small amount.

Didn't say anything, bought it!

After putting down the information, Xia Yu instructed Elton Colin: "Elton, this project will be handed over to you to handle, you can first go to the Royal Bank of Scotland to make a communication, with the assistance of the bank, it will be more beneficial to the acquisition." ”

"Get Chelsea FC as soon as possible!"

"On top of that, you can collect information about the coaches and players in English football, and give it to me when the time comes, because Chelsea will need a full range of changes after the takeover, and the winter transfer period will be less than two months away. ”

Elton Colin, who has been interested in football for a long time, was very interested in the task, and he nodded with a smile on his face: "Boss, make sure to complete the task as soon as possible!"

"Well, go ahead!"

Xia Yu smiled and watched Elton Colin leave his office with brisk steps.

Next, Xia Yu continued to get busy.

......

As time passed, the competition for the second telecom company became more and more fierce, although it was not reported in the newspapers, and it was calm on the surface, but it was turbulent secretly.

Although the Rothier family, who has been keeping an eye on Xia Yu's movements, cannot get close to Xia Yu because of the security of Luo Wang and Xia Yu's Aegis, they have a relatively clear grasp of the movements of the Bright Fund.

The Rothschild family also knew that Xia Yu had secretly met with Margaret Thatcher, but they didn't know what they were talking about, so they could only speculate that Xia Yu and Margaret Thatcher were talking about the investment of a second telecommunications company based on the actions of the Bright Fund later.

And thanks to the connections of the Rothschild family, they also learned about the negotiation process between the British Ministry of Commerce and the Bright Fund.

In the face of Xia Yu's big chips, the Rothschild family had to launch greater power and cost to intervene in the competition in order to occupy more shares.

In addition to the Bright Fund and the Rothschild family, other major British families and consortia did not watch and intervened in the competition.

It wasn't until November 9 that the competition officially came to an end, and Margaret Thatcher approved the cake distribution plan for the second telecom company.

George Berkeley, who came back from Downing Street, hurried back to report to Xia Yu with the results.

Bright Fund, in Xia Yu's office, George Berkeley sat in front of Xia Yu and said in a cheerful tone:

"Boss, the new telecommunications company is called Mercury Communications, and it has the second domestic telecommunications operation license issued by the government, and we have won 20% of the equity!"

Per cent!

Xia Yu's eyes lit up, this ratio is definitely not less!

"Well done!"

Xia Yu said praiseworthily.

George Berkeley smiled modestly back: "This is what I should do." ”

"By the way, how is the remaining 80 percent of the equity distributed?"

Xia Yu was a little curious about who had taken away the other shares.

"Boss, when I announced it at the meeting, I had already recorded the specific equity distribution, because there were a lot of them, and I had to ask you to see for yourself. ”

George Berkeley said, flipped through the contents he had recorded in his notebook, and handed it to Xia Yu.

Xia Yu browsed carefully.

Twenty-five percent of Barclays.

Fifteen percent of Great Eastern Telecom.

Eleven percent of Lloyds Bank.

NatWestminster Bank 10 percent.

HSBC Holdings 9%.

BP 7 percent.

Two percent of the Black Rose capital.

One percent of the Locke Fund.

Sure enough, the Rothschild family took the lion's share, and the banking industry took the lead.

The four major banks hold more than 55% of the shares!

But Xia Yu is not surprised.

In addition to Barclays, which mainly implements the will of the Rothschild family, the other three banks are actually the gathering points of the strength of the major British consortia or old families, in fact, they are fighting in the name of the bank, so that the risk is small, the cost is low, and the money used by depositors is also used.

The separate capital is only Xia Yu's Bright Fund, Black Rose Capital and Rock Fund, and Xia Yu's Bright Fund is in a special situation, so it is very conspicuous.

But Xia Yu doesn't care, as long as he gets enough equity, as for how to operate in the future, it's a matter of later.

He doesn't believe that if Mercury Communications doesn't make money for a few years, there will be no shareholders to transfer their equity.

If you want to increase your shareholding, you can just choose the opportunity to do it when the time comes.

After returning the notebook to George Berkeley, Xia Yu smiled and instructed him: "George, some follow-up things are still left to you to follow up, the director of Mercury Company, you have to choose the appointment carefully, in this company, we must have the corresponding voice and influence." ”

"I understand!" replied George Berkeley with a solemn nod.

Xia Yu bowed slightly, and did not repeat the advice too much, but asked about Dadong Telecom Company.

"What is the progress of the equity transfer of the Xiangjiang branch of Dadong Telecom?"

"The progress is relatively smooth, and it can be successful in half a month at most. ”

"Okay, tell me when you succeed. ”

"Okay!"

After talking to George Berkeley again, Xia Yu sent him away.

The dust has settled on the matter of Mercury Communications, and he also has a matter on his mind, so next, the focus will be on France!

Two days later, just as Xia Yu was about to start his action, he received a call from Prince Philip and learned a news that surprised him at first but made sense.

n.