Chapter 529: Practical Manual
Just when domestic netizens were shouting for "the Chinese businessman who bought AC Milan was killed by foreigners"!
An article titled "Doxxing Hong Kong Businessman Li Yonghong" was born!
Li Yonghong, born in 1969 in Huazhou, Guangdong Province, immigrated to Hong Kong in 1994 and served as the general manager of the Hong Kong Lishi Group, which also invested in the Qiong Province Real Estate Development Company......
On the surface, this is a man who got rich first.
Later, the description of him becomes intriguing.
In the 2004 Huazhou Green Mountains and Rivers Manor illegal fund-raising case, he was wanted as an accomplice, and the main operators were his father Li Naizhi, as well as his eldest brother Li Hongqiang and younger brother Li Yongfei......
In 2011, Li Yonghong became the owner of Duolun shares with 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 shares and failing to report stock sale information.
Due to the "inability to get in touch with Li Yonghong", the SSE could only serve a letter of intent on disciplinary action to the company in the form of an announcement.
In 2013, it was reported that Li Yonghong was also suspected of playing a "dual identity" in the capital market......
To borrow the description of netizens, this is a capital vulture!
In 2017, the businessman made a name for himself with the acquisition of AC Milan for 740 million euros!
According to the newspaper "Milan Sport", Li Yonghong invested 911 million euros in Milan.
Of the 911 million euros, 740 million euros were used to acquire shares in the club, 90 million euros were used to cover the club's financial deficit last season, 10 million euros were provided free of charge, and another 71 million euros were invested to increase the capital of Milan.
According to reports, Lee Yonghong has spent months looking for buyers for AC Milan in Europe and the Middle East, but no one wants to be involved with him.
The main reason for this is Temasek's loan, which has an interest rate of over 20% per annum and is a "payment in kind" loan.
Allowing Lee to pay interest in lieu of cash for an extended debt period means that the longer it takes to repay the debt, the higher the debt.
This became an obstacle for Li Yonghong to continue financing, and it was also the last straw that broke the camel's back.
Now, Temasek has officially taken over AC Milan at the cost of "€300 million principal + €90 million interest".
According to conservative estimates, Li Yonghong lost at least 300 million euros in the acquisition.
For Li Yonghonglai, this is the most failed capital operation among his many shots.
......
After reading this article, many people who eat melons stopped talking and silently deleted the "inappropriate remarks" they had posted on the Internet before.
This stepping horse is a "habitual fraudster" and "leek harvester", and he is really blind to avenge his grievances by himself.
Except for some domestic AC Milan fans, most people think that Li Yonghong really deserves it.
Hunting geese all day long, after all, you will be pecked blind by geese!
And AC Milan fans feel that Li Yonghong still spent real money in AC Milan after all, neither arrears of player salaries, nor blood sucking on the club, which is a good boss.
The so-called ass is different, and the words are not the same, nothing more than this.
......
"Big brother, you're roasting our Temasek on the fire!"
Li Hengbo's tone was full of resentment, he thought that it would be easy and profitable to set up a hedge fund with Zhang Yida to lend usury.
But it wasn't until this moment that he knew how much thunder he had helped Zhang Yida.
A few times ago, Chinese public opinion was condemning them Singapore and Temasek, and the upper echelons of the family almost intervened, but he stopped them.
Of course, Zhang Yida did not disappoint him, and as soon as he made a move, he picked up Li Yonghong's old bottom.
At present, the incident has almost subsided.
However, Temasek's reputation has been affected a little bit, and it is estimated that people will have to pay more attention to them in the future.
"What kind of fire is roasting on it. ”
Zhang Yida smiled, "You Temasek didn't make less money this time, right?"
Li Hengbo spread his hands, "It's not necessarily, AC Milan is in a bad mess now, and the former prime minister and Li Yonghong have made a mess of the club's finances."
Even if we wanted to invest more, we were afraid to do so because of the Fiscal Fair Play Act.
At present, the club is still carrying UEFA penalties, and it has not even played in Europe, so it is even more difficult to get out of the quagmire. ”
Li Hengbo poured himself a glass of red wine, half lying on the sofa and tasting it.
"I, brother, do you make me your own?"
Li Hengbo laughed and said, "The shareholders are here, and you, the chairman of the board of directors, don't even entertain a glass of wine, a little bit too much, right?"
Zhang Yida smiled, knowing that this boy was sometimes quite cynical, and it was not strange.
"Do you know how Paris Saint-Germain circumvented the FFP and played UEFA?"
Li Hengbo sat up straight, looking very interested, "How are you playing?" ”
Zhang Yida didn't speak, but walked to the side.
"Hey, why can't you get halfway?"
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 put it simply, this Financial Fair Play Act is not to restrict you from spending money, but it just doesn't want you to go bankrupt!"
Li Hengbo smiled, "Can you understand it like this? I originally thought it was to prevent Jinyuan Football from poaching people without restrictions, which directly led to the deformed prosperity of the industry?"
"You're not wrong to understand it that way!"
Zhang Yida looked out the window, "This bill was proposed by the then UEFA president Michel Platini in 09, and the content is hundreds of pages.
And with specific figures, the maximum amount of accumulated losses is set down: for three seasons from the start of the 2011-12 season, any team participating in the Champions League or Europa League must guarantee that the club's cumulative losses will not exceed 45 million euros.
Over the next three years, starting with the 2015-16 season, the maximum loss limit will be reduced to 30 million euros.
30 million euros, it's not enough to buy a better player!"
Li Hengbo nodded, "Yes, a typical head-pat decision, there is no hierarchy between the giant team and the civilian team, and it is all a loss standard."
The income of the giant team in terms of ticket revenue, event broadcast income, and team peripheral products is much higher than that of civilian teams.
This makes it difficult for civilian teams to increase their competitiveness with the big teams by buying high-quality players.
Even if they cultivate excellent players through their own youth training, it is difficult to resist the big teams poaching the leading players with high transfer fees and salaries.
If it continues for a long time, I am afraid that the gap between the rich and the poor in the club will widen. It's all those teams that win the championship, and everyone is tired of watching it, and there is no sense of expectation at all."
Zhang Yida nodded, "In addition, there is a free spending zone, and the expenditure on stadium development, youth player investment, and fan development will not be included in the financial fairness plan assessment. ”
"This is the only place that is humane, and the Financial Fair Play Act should have been mainly aimed at local tycoons such as Chelsea and Manchester City at that time. ”
Zhang Yida thought about it, and it seemed that this was indeed the case.
"Then PSG's approach, which is to increase the team's income through huge sponsorships, is open source.
Invite the best accounting firm to "do the book", this is throttling!
Buying and selling player balance items is also a technical job!
Do you know how Neymar joined Grand Paris back then?"
Li Hengbo shook his head, he really didn't know the inside story, it seemed to be a price transfer.
Zhang Yida said: "Then let me tell you that the Paris Saint-Germain behind-the-scenes consortium paid a huge amount of money by hiring Neymar as the image spokesperson.
This allowed Neymar to buy out his €222 million contract with Barcelona and join Paris Saint-Germain as a free agent. ”
Li Hengbo laughed, "This operation is also a sauna, the club lost more than 200 million yuan in its account at once." ”
"What's even more interesting is that in Mbappe's transfer, he first took the form of loan, avoiding the three-year review cycle from 2015 to 2018, and then spent money to buy.
In addition, the transfer fee is treated as an asset and then amortized based on the length of the contract with the player.
Nowadays, clubs like to sign long-term contracts, just to spread the financial losses caused by the transfer. ”
Zhang Yida said with a smile, "If this can't settle things out, there is one of the most ruthless tricks, playing tricks for UEFA." ”
"Tricky?" Li Hengbo said puzzled.
"In 2014, Paris Saint-Germain and Manchester City were found to have a loss of nearly 200 million each.
At that time, UEFA was very tough, and was ready to expel the two upstarts from European competitions according to the law.
Seeing that a catastrophe was about to come, the local tyrant instantly lost his temper.
Manchester City and Paris immediately said that we were going to find the best 50 lawyers in the world and sue UEFA for 10 years.
As soon as he heard this, UEFA Secretary General Gianni Infantino instantly confessed.
Of course, on the surface, he still said that he would do business, but in private, he reached an agreement with Manchester City and Paris and made a light decision.
The head of UEFA's financial control agency at the time protested by resigning after hearing about the incident.
And then it's useless! Money is just the right thing to do."
After hearing this, Li Hengbo suddenly had a plan in his heart.
Asked Zhang Yida: "What do you want to do next? Learn from oil tyrants?"
Zhang Yida shook his head, "It won't be as exaggerated as them, when Ronaldo is in place, just build a lineup around him that can enter the Champions League." ”
Li Hengbo nodded, he was most afraid that Zhang Yida would not treat money as money, and learn from oil tyrants to spend money to invite fame.
If we did, Temasek would have to withdraw.
Singapore's ability to develop from a small country to a developed country depends on pragmatism.
"By the way, will the shares be transferred to you now, or will they continue to be held by Temasek?"
Zhang Yida weighed the loss in his heart, and now doesn't seem to be a particularly good time to be exposed.
Forget it, I'm afraid of an egg, Li Yonghong is going to jump up and down to make him better.
It's not me, it's Temasek! People all over the world know that.
"Okay, let's pay dividends on the equity held by hedge funds!
According to the current valuation of the club of 450 million euros, the floating profit of the fund is 150 million, the sharing ratio is 9 to 1, and you as a GP also hold 1% of the fund's shares.
Of the 50 million euros of the new capital increase, we each contributed half.
99.93% of the shares, I take 91.33%, you take 8.6%.
Do the math yourself, isn't that the number?"
Li Hengbo nodded, "I've calculated, it's not wrong!"
"There's another question!"
He asked Zhang Yida again: "It is necessary to introduce Ronaldo, plus build a lineup, and it is estimated that 3-500 million euros will be invested in it."
As you have just described, let Ruixiang and Temasek ...... in the form of sponsorship Investment?"
Zhang Yida smiled and nodded, his comprehension ability is quite fast, and he will be able to practice!