Chapter 381: Vulture Fund

After Li Yonghong saw the Sun's report on Zhang Yida's acquisition of thorns in Italy, he seemed to grasp a life-saving straw.

Without stopping, he flew from Milan to London at once. and through a number of intermediaries, I finally met Zhang Yida at the Cultural Oriental Hotel.

Zhang Yida looked at Li Yonghong, who was also looking at him.

Zhang Yida was curious about what the Chinese mystery buyer of AC Milan was looking for him.

I don't know him, but I learned a thing or two about this "big guy" from some football news in my previous life.

Li Yonghong said in Mandarin with a slight Cantonese accent: "If you take the liberty to visit, please don't blame Mr. Zhang." ”

"Hehe, whatever Mr. Li says, friends of friends are also friends! ”

Seeing that Zhang Yida was so unpretentious, Li Yonghong had two more expectations in his heart.

"I heard that Mr. Zhang wants to buy the Tottenham Spurs Club in the Premier League?"

Zhang Yida bowed slightly, "There is such a thing, and we are currently in contact." ”

Li Yonghong let out an "oh", suppressed the joy in his heart, and said with a smile: "Premier League clubs are not cheap, and only top entrepreneurs like Mr. Zhang can be so light-hearted."

Here, I would like to congratulate Mr. Zhang in advance! Joining a Premier League club will greatly enhance your personal and corporate reputation. ”

"Haha, it's over, I haven't written a word about it!"

Zhang Yida looked at Li Yonghong and said with a smile: "It was Mr. Li who became the owner of AC Milan, which shocked the whole of Europe by the courage of the Chinese-funded consortium. ”

"I'm also making a small fuss, compared with Mr. Zhang, it's not worth mentioning. ”

Zhang Yida waved his hand, "Mr. Li doesn't have to be humble, your big deal can be regarded as the largest acquisition ever made by a Chinese consortium in the field of European football."

Even Suning's entry into Inter was suppressed by you. ”

Li Yonghong smiled faintly and talked about some things about AC Milan club.

Zhang Yida didn't interrupt him, just listened quietly on the side.

Serie A has also been brilliant, and it was known as the "Little World Cup" in the early years.

In the 90s, when CCTV began to broadcast the Serie A league, the popularity was called a boom.

At that time, Serie A was also at its peak, and it could be called a cloud of stars, so it gained a lot of fans in China.

In recent years, it has not worked, and its popularity, commercial value, and competitive level have all declined seriously.

Not only was it surpassed by the Premier League, but it was also crushed by La Liga and the Bundesliga.

The domestic Milan double is not good, and only one Juventus can still brush up its presence in the Champions League.

Zhang Yida has almost analyzed all the five major leagues during this time, and he has mastered all kinds of situations.

But before he understood Li Yonghong's intention, he didn't plan to speak too much.

Li Yonghong felt that the heat was almost over, so he said with a smile: "The popularity and fan base of Serie A in China are good, but it has been a bit sluggish in the past two years.

The same is true of the great team of AC Milan, who have suffered a series of difficult situations.

However, it also gave me the opportunity to buy the bottom.

740 million euros, equivalent to only 630 million pounds. At this price, you can only buy one team in the middle and lower reaches of the Premier League.

But in Serie A, you can buy a giant. As long as you manage it carefully for two or three years, and wait until the results improve, you will definitely get a very good return on your investment. ”

"Hehe, Mr. Li's analysis is in place. I also believe that AC Milan will shine again in your hands. ”

Li Yonghong pondered for a moment, sighed and said: "Investment is a good investment, but it has also encountered a lot of problems.

Mr. Zhang, do you know about the supervision of foreign investment in the sports and entertainment industry at the end of last year?"

"Well, I know. ”

Zhang Yida took a sip of tea and said lightly. He had almost guessed Li Yonghong's intention.

"Hey, this regulation will not come sooner or later, it is precisely at this time, it is really not the right time!"

Zhang Yida asked very cooperatively, "What's wrong?"

Li Yonghong said: "In August last year, I signed a contract with former Italian President Silvio Berlusconi's Finingwest Group to acquire 99.93 shares of AC Milan FC for a cash consideration of 520 million euros, plus 220 million euros of club debt.

A deposit of 200 million euros was paid before and after, but at this time, domestic funds were not allowed to flow out. ”

Li Yonghong sighed, looked at Zhang Yida, and said with a flattering face: "Then I heard that Mr. Zhang wanted to buy the Thorn Club, so I took the liberty to visit."

If Mr. Zhang wants to invest in overseas football clubs, AC Milan is actually a good choice. ”

"Purely financial investment doesn't mean much to me. ”

Li Yonghong understood what Zhang Yida meant, but he had been busy for so long, and it was impossible for him to give up the controlling stake so easily.

"Is this okay? I heard that Yimin Net Finance and Yimin Wealth both have overseas business.

I will take the entire AC Milan club as collateral and borrow a sum of money from Mr. Zhang. ”

He was afraid that Zhang Yida would refuse, so he hurriedly added: "It won't take too long, two or three years will do." Interest is also negotiable. ”

Zhang Yida said quietly: "We don't have much money overseas, and we still have to complete the team acquisition plan."

I want to help Mr. Li, but I don't have enough power!"

Li Yonghong looked at Zhang Yida deeply, but he didn't see anything unusual.

This made him feel a little shaken in his heart, did he really want to borrow overseas loan sharks?

When he first heard that Zhang Yida was going to buy Thorn, he was simply ecstatic.

Because Zhang Yida has the strength and the intention to buy the team, he is simply the most suitable partner to work with.

Even if Zhang Yida is unwilling to invest in AC Milan Club, the least can he borrow, right?

As for Zhang Yida not borrowing?

In his mind, it may not be big, who doesn't know that this young guy started out as a lender!

"Mr. Zhang, you don't need to borrow too much, just 300 million euros. The borrowing period can also be shorter, 18 months. In terms of interest, we can give 8. ”

Li Yonghong was indeed desperate, and his heart was crossed, and he opened the reserve price.

"Mr. Li, don't worry, I can't come up with this money myself. ”

But Zhang Yida's next sentence rekindled Li Yonghong's hope, "I can ask my friends!"

......

"AC Milan has such a bad asset, you dare to lend?

Li Hengbo, who came from Singapore, flipped through the information of AC Milan Club and ridiculed Zhang Yida.

"If something goes wrong, you can take over AC Milan immediately.

No matter how down-and-out the Rossoneri are, 300 million euros is worth it!"

Li Hengbo pondered for a moment and asked, "What do you need us to do in Temasek?"

"You do GP, I do LP, let's work together to make a loan. ”

Li Hengbo smiled and said: "You can do this by yourself!

"I'm not thinking about having a good project and making money with my friends!"

Zhang Yida smiled again: "There is also asset collateral and high interest, where can you find this kind of loan business?"

In case you can't repay the loan, you can also pick up some cheap ones by taking over AC Milan. ”

"I don't believe it, you tell me the truth, what do you think?" Li Hengbo put away his smile and asked seriously.

"Well...... this"

Zhang Yida recalled what happened after he ended his meeting with Li Yonghong two days ago.

The domestic subordinates first collected all the information about Li Yonghong and sent it to him.

There is not much information, and it can even be called scarce.

A big man who has the strength to spend 740 million euros to buy AC Milan, but there are almost no photos of him on the Internet.

It is only known that he was born in 1969, his original household registration was in Huazhou, Guangdong, and he became a naturalized Hong Kong citizen in 1994. 78 Chinese^Computer: m.78zw./

And then there are a couple of "tainted" deeds about him.

At the end of 2011, Li Yonghong bought Duolun shares at a price of 360 million yuan and became the actual controller of the company.

At that time, he promised not to transfer shares for 12 months. However, only half a year after the transaction, Li Yonghong signed a share transfer agreement with Xian Yan, transferring all of Xian Yan's shares in 51, but did not disclose this information.

Li Yonghong was publicly reprimanded by the Shanghai Stock Exchange and fined 600,000 yuan by the China Securities Regulatory Commission for violating stock trading and information disclosure.

In 2013, Li Yonghong and the "Jianghu Boss" Xian Yan were involved in the sensational "Jiangdong Muxue Huge Trust Fraud Case".

According to China News Network, there have also been shadows of Li Yonghong's affiliated companies in illegal fundraising cases such as the "Kra Canal Scam in Thailand".

In 2004, an illegal fundraising case broke out in Huazhou, eastern Guangdong, which caused a sensation across the country, and there was also a Li Yonghong in the Li family who planned the illegal fundraising, who was also born in Maoming, eastern Guangdong, and was also born in 1969.

In September last year, some media revealed that the Chinese consortium that acquired AC Milan had provided false Jiangdong Bank documents.

There are several similar cases, either contract disputes or the person subject to enforcement. It can be seen that this is a speculative and gray figure.

The matter of his inability to get funds out has also been investigated.

Li Yonghong set up a Sino-European investment fund last year, with a number of banks and state-owned assets behind the scenes.

Since November last year, the state has launched the control policy of "Chinese investment going overseas", and special approval must be obtained for the transfer of outbound business with an amount of more than 5 million US dollars.

Then several state-owned partners withdrew, leaving only Li Yonghong's family. Seven or eight Chinese fastest ^ mobile terminal::/78zw./

At the same time, because Li Yonghong paid a deposit of 200 million euros to Finingwest first, most of the deposits will not be refunded if the balance cannot be paid on time.

So this master of speculation is stuck and can't advance or retreat.

This is similar to what Zhang Yida knew in his previous life, but these are the first half of the story.

In the second half, it was this bigwig who took a risk and borrowed from the loan shark of Elliott, the ninth largest hedge fund in the United States.

Elliott, also known as the "vulture" fund, once used a national debt default to "suck up" Argentina.

This kind of organization is not charitable, Li Yonghong only 14 months after joining AC Milan in his previous life, he defaulted on his debt and lost AC Milan.

The acquisition price was 740 million euros, plus a further 178 million euros were injected later, for a total of 918 million euros.

A stud, losing so much that there is no hair left, Li Yonghong is out of AC Milan.

Elliott, on the other hand, borrowed 300 million euros, plus more than a year's interest on the loan, to acquire 99.93 of the AC Milan club's equity.

In his previous life, Zhang Yida heard that the interest on this loan for 14 months was about 80 million euros, and the annual interest rate was about 23.

Dare to borrow such a high interest, Zhang Yida guessed that Li Yonghong was distressed about the 200 million euro deposit, and the sunk cost was too high.

I simply took out a loan and gambled. If AC Milan's results improve, not only will they succeed, but they may also be able to make a small profit.

The psychology of the gambler can be seen from the fact that he spent 200 million euros in the transfer market in one year to buy stars.

In terms of net transfer investment, it was second only to Paris that introduced Neymar that year, and higher than Manchester City and Manchester United, ranking second in the European ball market that year.

After spending so much money, all the money bought was parallel goods, the team's results did not improve, and at the same time, it also violated the "Financial Fair Play Regulations" and was banned from participating in the Europa League.

Zhang Yida retracted his memory and said to Li Hengbo: "You see, the local tyrants in the Middle East have a lot of fun playing football.

I think Temasek could buy a football team. ”