Chapter 013: Negotiation (Part II)
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"I believe you should know very well what the purpose of holding the general meeting of shareholders here today is. Pen | fun | pavilion www. biquge。 infoSo, I won't go around in circles with you here, just get straight to the point. As Tottenham's current largest shareholder and the number one protagonist of the conference, George was the first to speak on stage. And George's speech also adhered to his usual style, that is, when it should be straightforward, he should not drag his feet: "In my opinion, most of you probably don't want to be trapped in the junk stock of Tottenham, and watch the property they have saved so hard continue to shrink, right?"
"As for my purpose, I believe that you all know it in your hearts, so I will not say more. Seeing that most of the people present nodded in agreement, George continued the statement with satisfaction, "And I am sure that everyone here must be hoping that I can buy your Tottenham shares at a high price, and preferably make some money in the process.1 I don't really want to sue the government with a complaint." ”
There was no problem with George's guess. Although Levy claimed in the notice that the general meeting was held this time to solicit the opinions of all shareholders to see if everyone agreed with George's acquisition of Tottenham Hotspur this time, and whether to seek help and support from the British government. But in reality, as Joe Lewis thought, the vast majority of Tottenham shareholders intend to use this topic as a cover to see what George has made at this meeting. If the price was right, they might have chosen to sell the shares to George at the conference.
As for applying for support from the government in the name of George making a hostile takeover, most Tottenham shareholders present did not consider it from the outset. You must know that the Nelson family's status in the UK is quite special, and if George, as the first heir, expresses his willingness to buy Tottenham, the British government will generally not give him this face in such a trivial matter. Therefore, Tottenham shareholders who are aware of this situation will not consider this option, and shareholders who intend to do so have an absolute disadvantage in holding shares, and it is difficult to get enough say in this meeting.
It can be said that George's acquisition of Tottenham Hotspur this time, after he secretly dealt with the government, there is no possibility of failure. The only question is how much real money George will spend on buying a stake in Tottenham!
“…… Therefore, I don't plan to continue to whet your appetite or waste time, so I will just announce the purchase price of the stock here. George said as he pulled a stack of papers from his briefcase, "As of yesterday's London stock market close, Tottenham shares were listed on the London Stock Exchange at around 42p per share. I, on the other hand, now intend to buy your Tottenham shares for 80p each. I don't know, are you happy with the purchase price I offered?"
80p! This young man is going to buy our shares for 80p a share!
Sure enough, as soon as George's words came out, an eight-magnitude earthquake was immediately triggered at the venue. No one expected that George would spend such a large amount of money to buy their Tottenham shares at a price nearly double the current market price!
No wonder these people would be so shocked when they saw the price. You know, if all these Tottenham shareholders sell their Spurs shares to George at the current price, then George will have to shell out at least nearly £80 million to buy these shares. Counting the £40 million spent on Alain Schuger and the cost of collecting fractional shares from the stock market, George would have spent more than £120 million on the Tottenham takeover!
Buying a Premier League club that has been in the middle of the league all year round and doesn't have many well-known stars at such an outrageous price was enough to make George a stupid and money-rich existence in the eyes of people in 2003. You know, when Abramovich bought Chelsea, the Russian only spent 140 million pounds (not counting the part of the debt repayment), and Chelsea are much better than Tottenham's city rivals in terms of popularity and results.
However, for George Nelson, who had already raised enough liquidity for the occasion, the expense had been anticipated for a long time. After all, unlike Chelsea, where most of the stake is concentrated in Bates' own alone, Tottenham's stake is very dispersed as the world's first football club to be listed on the stock exchange. So, in order to get the deal done as quickly as possible, so that he could have enough time to restructure the club and the team, George had to take this approach to get these shareholders done.
"The relevant formalities have been prepared by my subordinates, and these documents are now in my hands. If you think the price I have given is acceptable, then please sign your name on the agreement and indicate the number of shares you hold. It seems that there is no time for the shareholders present to think calmly, and George, who has just dropped a bombshell, will immediately break the news again, "Of course, due to legal restrictions, if this agreement wants to take effect, it still needs to be approved by the government, and I am allowed to carry out a tender offer, I hope you can understand." ”
Hearing George's words, the Tottenham shareholders who were about to come to the stage to receive a letter of agreement nodded yes and understood. After all, the UK government's regulation of corporate acquisitions is very strict and the relevant procedures are very complicated, especially when it comes to foreign capital. Although for his own people like George, the government's supervision will be slightly relaxed, and it will also give him a lot of convenience in secret, but the other people present at the moment are not aware of this matter, so they will gladly accept George's statement.
"Please wait, Mr. Viscount Nelson. Just as most of the Tottenham shareholders present were whispering that they were satisfied with the price George had made and were about to sign their names on the agreement, an untimely voice suddenly emerged, "I wonder what exactly you are buying Tottenham for?" And, as we all know, you're very talented in the football coaching industry, and it was certainly a surprise to all of us here to raise so much money to run such a massive takeover, but you can't guarantee that you will be able to perform as President of Tottenham Hotspur as you did when you were acting head coach of Manchester United. ”
"Oh, I really didn't expect that among these shareholders of Tottenham, there are really people who care about the future development of the team. Thinking so, George took a closer look and found that the person who spoke turned out to be Tottenham Hotspur legend and the record holder for goals in the English top flight, Jimmy Greaves.
"Mr. Greaves, it's a pleasure to see you here. For one of the greatest strikers in the history of English football and a legend of Tottenham's all-time leading scorer, it is only natural that George should pay enough tribute to his opponent on this occasion: "You have a point. That's right, I'm really just a newcomer to the position of club president compared to the coaching position that has already proven my ability. But who can guarantee that someone who hasn't had the same experience won't be able to do the job? You know, when I took over the reins of Manchester United's first team from Sir Alex Ferguson, I was judged very similarly to you. ”
"Uh...... I'm sorry, Mr. Viscount, but this time I lost my words. After hearing George's rebuttal, Greaves was also speechless, so he had to express his apologies to George. Because he found that what the other party said was indeed very reasonable - far from it, Berlusconi and Florentino, the two bigwigs, did not serve as the president of a football club before becoming the president of AC Milan and Real Madrid, but did not both of them build their respective clubs into world-famous top giants?
With these two success stories ahead of him, and George's miraculous performance of leading the team to the championship in the face of danger, it is not natural for Greaves to say that the ambitious George Nelson could not do this. Therefore, Greaves, who was full of responsibility, asked George about Tottenham's future development and team building plans, intending to see if the other party really had Tottenham, and the latter, who had been prepared, also answered them one by one, but kept the details secret on the grounds of secrecy.
For the persistent attitude shown by Greaves, George can be said to be very satisfied in his heart. Because there are still a lot of shareholders like Greaves who care about the future of the club. Therefore, the more serious the other party behaves at this time, and the more he can convince the other party in the process, then those shareholders who are in the same position as Greaves are probably also affected by this and sell their shares to him.
"Well, Mr. Viscount, you have succeeded in convincing me that I am willing to sell you my Tottenham shares. After receiving a satisfactory answer from George, Greaves happily signed his name on the agreement, "I believe that under your leadership, Tottenham will sooner or later overtake Arsenal and become the leading boss of London City!"
At the behest of the legendary Greaves, shareholders who had doubts about George's takeover of Tottenham and were in the same trench as Greaves signed the agreement to transfer their shares to George - and after watching the Q&A between the two men throughout the whole process, they were convinced that George was indeed a very reliable candidate for the chairmanship.
All the preparations were so well done that even if Lady Luck didn't favor George, she could have achieved a considerable degree of success. At the very least, it's better than the club still being under the control of Joe Lewis.
Thus, the negotiation over the acquisition of Tottenham's stake ended in a complete victory for George Nelson. At this shareholders' meeting, George bought more than 50% of Tottenham for a total of £80 million. This means that as long as the government approves his acquisition, George's shareholding in Tottenham Hotspur will soar to 85%!
Next, as long as Levy, as the representative of Tottenham Hotspur, informs the London Stock Exchange and the relevant government departments, stating that they do not consider George's takeover to be a hostile takeover, that is, agreeing to him to carry out the next step of the tender offer, then the deal involving half of Tottenham's shares can be officially completed!
At that time, George, who owns 85% of the shares, will have the power to delist Tottenham from the London Stock Exchange, and then become the new master of White Hart Lane!