Chapter VIII Authorized Publication and Distribution Abroad

The next day, Andrew and his father Allen went to the publishing house to discuss overseas publishing matters with representatives of foreign publishers.

In the reception room, Mr. Lauren introduced the identities of both parties. It turned out to be a French publishing house, and after learning about "Football Boys" in a news report in London, after inspecting the market, he contacted Harber Collins Publishing Company, and this interview was born.

After the two sides exchanged views on the possibility of cooperation, the representative of the French Vervendi Global Publishing House submitted a proposal for cooperation.

Andrew and Allen's negotiations for a partnership with Vivendi Globe in France are going well. If there is sincerity on both sides, things will be easy to do. An hour later, the contract for the publication and distribution of the French version of the paper book was signed, and it was published and sold in France for a period of 10 years, with a royalty of 10%, and the book was also priced at 3.2 pounds, with a first printing of 100,000 copies.

The cooperation with the French Vervendi Global Publishing House went smoothly, and Andrew was very happy about it.

The benefits are not mentioned much, but the symbolic meaning is extraordinary, which is the first step for "Football Boy" to step out of the country and successfully go to the world. However, it is too inefficient to promote "Football Boys" abroad as soon as possible, and wait for foreign publishers to come to their door as they are now. It seems that you have to hire a professional broker to do the promotion.

Back home, Andrew consulted with his father, Alan, about the depreciation of the pound and his intention to start a book rights agency.

The possibility of another depreciation of the pound is predictable, and the British economy has been really bad lately, and the British government has had such a precedent several times. His father, Allen, recognized Andrew's analysis and judgment.

It is a good attempt to set up a book rights brokerage company, which is mainly engaged in promoting the book "Football Boys" abroad. His father, Allen, agreed with Andrew's idea and took over the preparatory work of the book rights agency.

The summer vacation is coming to an end, and the start of school is imminent. Andrew sorted out the harvest of this holiday, in terms of financial investment, to understand some basic financial knowledge and operations in this era, and then to strengthen learning and understanding. The preparatory preparations for the book rights brokerage company have begun, and his father Alan is busy and progressing smoothly. All these motivations are to prepare for investing in Hong Kong in two years' time.

Finally, I took stock of my earnings: 150,000 pounds from the football lottery. Remuneration, "Football Boy" has been printed and distributed in the UK so far 220,000 copies, 3.2 pounds per volume of 7%, a total of 49,280 pounds, France has printed 100,000 copies, 3.2 pounds per volume of 10%, a total of 32,000 pounds, the two remuneration of the two totals of 81,280 pounds, a total of about 230,000 pounds.

Andrew looked at the inconspicuous numbers calculated at the end, and couldn't help but sigh, it's really not easy to make money! The principal of going to Hong Kong to invest is still not enough, it seems that he has to work harder, and the follow-up version of "Football Boy" "The Prince of Football" must be completed and released as soon as possible to earn some royalties.

After the start of school in September, Andrew collected his mind and went to school with peace of mind.

After the first week of September, the sales figures for the English version of "Soccer Juniors" for August were released: 61,200 copies. The growth momentum is obvious. The publisher's reprint is imminent. After statistically analyzing the trend of sales data and taking into account the impact of the European Championship in June next year, Harber Collins has decided to print 500,000 copies for the fifth time. Andrew's royalty income was £112,000.

Andrew's book rights agency is also well prepared, the registration formalities have been completed, the company name (success) has been successful, and the first agent, Mr. Frank Lampard, has been hired and can be opened.

Andrew and his agent, Mr Frank Lampard, discuss the future direction of the brokerage and its main business at this stage. Mr Frank Lampard explained the scope and role of the relevant types of brokers.

After introducing the role of a broker, Andrew realized that he didn't know much about the broker's business. In fact, the matter of finding a spokesperson before can be handled by the transaction broker more professionally and properly.

Andrew informed Mr Frank Lampard of his idea of finding a media endorsement and asked for professional advice.

Mr Lampard's suggestion is that Andrew does not have much external affairs now, and there is no need to hire a full-time affairs broker, but can hire a affairs assistant in the brokerage company, and Andrew can transfer Andrew to the brokerage company, and the affairs assistant will make overall arrangements. In this way, both personal and corporate affairs can be taken into account.

Andrew agreed with Mr Lampard's suggestion and said the agency would soon be hiring a clerical assistant. Indeed, in order for a company to operate, it is necessary for an assistant to handle the daily chores of the company. After deciding to hire an administrative assistant, Andrew informed his father Alan of the situation and asked him to arrange the hiring.

October of '67 came, and good things followed. Andrew's book rights brokerage is up and running, with Miss Lisa, the clerk in place. Andrew's external affairs were also transferred to the brokerage company, and the administrative assistant Miss Lisa was responsible for the overall arrangement. Andrew and his father Allen are both much more relaxed.

On 9 October, the first volume of the English version of the Soccer Boy comic, which had been in operation for three months, went on sale with a first print run of 100,000 copies and was priced at £3.2. Andrew earns 3% of royalties and earns £9,600 in total.

Because the book "Football Boy" has a great influence among teenagers, the first volume of the "Football Boy" comic book has just been put on sale, attracting a large number of teenagers to buy it, and the sales are booming, and the sales prospects are good.

On 20 October, through Mr Frank Lampard's matchmaking, Andrew's Success Books rights agency and Bettel Verlag of the Federal Republic of Germany agreed on the licensing of Football Junior. Andrew authorised Bettel to publish and distribute the German edition of Soccer Boy in the Federal Republic of Germany for a period of 10 years, with a royalty of 10% and a price of £3.2 for a first print run of 100,000 copies.

This is the first successful business of a successful brokerage company, which is worth celebrating.

After dinner that day, Mr. Bill called and said that his internship had ended and he had become a fully licensed securities broker. As for Andrew's previous proposal to open a securities brokerage firm in Hong Kong, it was agreed that it would be discussed in detail on Sunday.

Andrew informed his father, Allen, of the idea of opening a stockbroking firm in London in partnership with Mr. Bill. My father knew Mr. Bill's situation well, and he was the nephew of a classmate and friend of his. The two young people cooperated to start a business and wanted to make a break in the society, and their father still recognized and supported it.

On Sunday, Andrew and Mr. Bill discussed the idea of opening a joint brokerage firm in London and the direction of investment. After the intention of cooperation was reached, the first thing was to determine the registered capital of the securities brokerage company at 400,000 pounds, with Mr. Beale raising 40,000 pounds, accounting for 10% of the shares, and Andrew raising 360,000 pounds, accounting for 90% of the shares.

It was agreed that the preparatory funds would be in place on December 1 this year, and that Mr. Bill would be responsible for preparing for the establishment of the company.

Andrew informed his father of the outcome of the discussion with Mr. Bill on the establishment of a brokerage firm in London. And asked my father if he was familiar with a reliable forex broker who wanted to convert the pounds in his account into dollars. And solemnly reminded his father Allen that the pound is very likely to depreciate in the near future.

Previously, his father Allen had agreed with Andrew's analysis that the pound might depreciate, saying that they would exchange it together, and as for the foreign exchange broker, he could help contact.

A week later, his father, Allen, came home and informed Andrew that £380,000 in his account had been converted into $1.06 million and that the family funds had been converted into £600,000.

On the morning of the second weekend in November, Andrew was at home writing "The Prince of Football" and had just stood up and wanted to relax when a call from the agency came.

It turned out that the Italian publishing house Rizzoli came to the door through Harber Collins Publishing Company, and had just reached an agreement with Andrew's successful book rights agency on the licensing of "Football Junior". Now Andrew needs to come to the brokerage to sign the authorization contract.

Andrew took a taxi to the agency, and after learning about the situation, he signed a licensing contract with Rizzoli Press. Authorised Rizzoli to publish and distribute the Italian version of "Soccer Junior" in Italy for a period of 10 years, with a royalty of 10% and a price of £3.2 for a first print run of 10 copies. After Andrew earned £32,000, he contacted his father, Allen, and asked to convert the £32,000 he had just earned into dollars.

Since November, as the British pound has been exchanged for the US dollar, his father Allen has begun to pay attention to the British government's economic improvement policies and the changes in the exchange rate of the British pound.

The British economy has indeed been bad in the past two years, and it has been getting worse and worse, and the British government's economic improvement policies have had little effect. However, the government has been emphasizing the need to maintain the financial status of the pound and to ensure the stability of the exchange rate. The government's reaction is manifested in the foreign exchange market, where the exchange rate of the pound has been stable and shows no signs of depreciation.

For half a month, the pound exchange rate has not changed much, and his father Allen judged that Andrew's prediction of the recent depreciation of the pound is unlikely to occur.

On November 19, 1967, British Prime Minister Harold Wilson announced that the pound would automatically depreciate by 14%, falling from 2.8 to 2.4 against the dollar. This is tantamount to a thunderbolt on the ground for the United Kingdom, which the government has always claimed will defend its exchange rate.

Speaking on television and radio that day, Wilson said: "From now on, the value of the pound abroad will be 14% lower than that of other currencies." This does not mean that the money in your wallet or bank has depreciated in the UK. This means that we can now sell more goods overseas at more competitive prices. ”

The British government wants to use the depreciation of the pound to curb domestic consumption of imported products and boost exports, improve the trade deficit and thus increase production capacity, and create more jobs at home.

British Prime Minister Harold Wilson's televised speech announced an automatic 14% depreciation of the pound. The British people watching the TV were surprised, shocked and disappointed, but Andrew's performance was delighted. 14% of £410,000, which is £57,000, and the exchange rate is hedged.

At this time, his father Allen, who had seen the TV speech, had an incredible expression.

For most of the previous month, he has been paying attention to the news related to the pound exchange rate, whether it is the government's statement or the performance of the foreign exchange market, the pound exchange rate has been stable, without a trace of depreciation. Too many people are confident that the pound will retain its value in the near future, and even Allen has recently switched to this camp.

But the announcement of the TV speech just now is still lingering in my ears, and the results are clear at a glance, Andrew's analysis and judgment are correct, and the vast majority of people, including Alan himself, if they are doing foreign exchange trading with Andrew, then they are complete losers.

Fortunately, following Andrew's advice before, the family funds took out 600,000 pounds to exchange for US dollars, and the exchange rate was preserved. Now if you convert the dollar back to pounds, it will be 684,000 pounds. Could it be that there is such a big gap between the direction of thinking and judgment between geniuses and ordinary people? Alan couldn't help but think to himself.

PS: Dear book friends, please collect, ask for recommendations!