Chapter 350: Flowers in London

"George, what do you think is London's hope of winning the Olympic Games this time?" Although they were not able to attend the Olympic Committee meeting, which was about Tottenham's fate, George and Elizabeth kept a close eye on the progress of London's bid through live television.

"It's hard to say, after all, Paris and Madrid are not bad. It will not be easy for London to defeat these two opponents. Having spoken to London Olympic Bid President Sebastian Coe before, George knew that there were five candidate cities in the race for the right to host the 2012 Summer Olympics. However, among them, New York and Moscow's Olympic bids are not fully prepared, and the taste of participation is heavier, so only Paris and Madrid can be called strong rivals on the road to London's Olympic bid!

The first to take the stage was the Paris delegation, one of the favourites. In order to show the importance and support for Paris's bid for the Olympic Games, the Paris delegation not only made extremely detailed preparations, but also invited the famous director Luc Besson to make a propaganda film for the Olympic bid, which perfectly combined Paris, which is known as the capital of flowers, with the Olympic movement! In addition, French President Jacques Chirac even came to the scene to make a speech and used practical actions to build momentum for the Paris delegation's bid for the Olympic Games!

After the Paris delegates finished their presentations, the delegates from New York and Moscow, who took the stage next, performed well, but it can be seen from the promotional video and the question-and-answer session that their preparations were still much worse than those in Paris. If nothing else, these two cities should be the first to be eliminated!

The London delegation was scheduled to take the stage in the fourth. Compared with the previous life, the London delegation in this life appeared more confident when it came to the stage to make a statement. Because after getting George's promise and signing a cooperation agreement, the biggest weakness of London's Olympic bid, that is, the problem of funding, no longer exists!

The last to take the stage was the delegation of Madrid. Although Spanish Prime Minister Zapatero personally took the stage to make an opening speech, expressing the Spanish government's support for Madrid's bid to host the Olympic Games, and Madrid also showed its superiority while playing the celebrity card in the promotional video, the Madrid bombing that occurred a year ago made the committee members suspicious of Madrid's security forces. As a result, Madrid's odds of winning the bid are higher than those of New York and Moscow, but still not as good as those of Paris and London.

In the end, after four rounds of voting, London defeated Paris by a narrow margin of four votes in the final round of voting, and successfully won the right to host the 30th Summer Olympics!

Since London had previously hosted the Olympic Games in 1908 and 1948, when the dust settled on the 2012 Olympic Games, London became the first city to host the Olympic Games three times!

"It's decided!" George waved his fist excitedly when he saw Olympic Committee President Rogge announce that London had won the right to host the 2012 Summer Olympics, and high-fived Elizabeth sitting next to him, "Ellie, tell John, let him start acting immediately according to the original plan!"

With London successfully winning the right to host the 2012 Summer Olympics, it means that the cooperation agreement signed by George through Trafalgar and the London Olympic Bid Committee has finally come to be officially implemented!

George was thrilled to think that after completing this project, he would have an inexhaustible super gold mine, and at the same time, his business scope would expand from investment to real estate, and his heart was quite excited - although for George now, money has long been just a number, but that doesn't mean he doesn't like to see this number continue to increase!

Of course, it is extremely necessary to sign a formal contract with the London Olympic Bidding Committee, which will be reorganized into the London Organising Committee, before the official start of construction. After all, the cooperation agreement reached between the two sides has only delineated a large frame, and many details and provisions have not yet been fully implemented. For example, the specific delivery date of each facility, and the time period when the income from the Olympic Park and Olympic Village will be owned by the London Organising Committee, etc., all need to be finalized by George to the Organising Committee of the Olympic Games!

Based on the final contract, George was able to determine his next plan of action to ensure that he could do more with the least amount of money!

While the total amount of money needed for the entire London Olympic project is so huge that even all the cash George can raise now will not fill the hole, don't forget, how can anyone run such a mega event out of their own pocket these days?

And what does Trafalgar do best? Undoubtedly, that is capital operations! This is reflected in the plan submitted by John Smith - according to his previous plan, George actually only needs to provide about 800 million pounds of funds for the preliminary construction, and then he can mortgage the future income of the completed properties and various competition venues to the bank, and complete the subsequent construction work through bank loans!

Considering that the City of London intends to turn this area where Tottenham is located into a new CBD (Central Business District, that is, the central business district, which is the core area of a city with a high concentration of economic, technological and cultural forces of the city) through the Olympic Games, its profitability is worth looking forward to, and there should be many banks willing to provide George with such a loan!

This way, George was able to handle this large project without using too much cash flow!

George believes that the banks will be willing to lend themselves such a huge loan, rather than turn them away, and believe that they can see that the future profitability of the new CBD and the Olympic Park and the Olympic Village is only part of the reason. The main reason is that the Trafalgar company controlled by George is the majority shareholder of Apple and Google, and it is also the parent company of emerging technology companies such as Facebook and Twitter!

In other words, even if the benefits of these facilities do not meet expectations in the future, the bank does not have to worry that George will not be able to pay back the money - you know, the total value of George's shares in Google and Facebook is already more than $10 billion!

So, if the London Organising Committee were to take out a loan from a bank as collateral for the revenue, then Coe would most likely end up being a nose to the ashes. Because they don't have the high-quality assets that can reassure the super conglomerates behind these banks, and the strong economic strength to ensure that these loans will not turn into bad debts!

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