Chapter 272: An Opportunity

"Wait, Mr. Baron. Pen, fun, pavilion www. biquge。 "If I'm not mistaken, both the royal family and Prime Minister Tony Blair should have been supportive of London's bid to host the Games, and even let Princess Anne join the Olympic Organizing Committee." It stands to reason that you don't have a financial problem. Even if there were, banks would be happy to lend in this regard. ”

George's words were not unfounded. Although the early Olympic Games were indeed a loss-making sporting event, after the Americans demonstrated what it means to be commercialized at the 1984 Los Angeles Olympics, the Games, which were already unattended, immediately turned around and became a favorite in the eyes of everyone with the huge profits it could bring.

Therefore, when he saw Sebastian Coe actually bothered about financial problems, and even chose to ask himself for help, George's first reaction was to feel incredulous - could it be that all these banking giants in Britain are so short-sighted that they can't even see the huge business opportunities hidden in an event of the Olympic level?

"That's right, we did think that we could easily get a lot of investment by bidding for the Olympics. Unfortunately, they all seem to prefer to be sponsors or partners of the London Games, and generally have little interest in providing funding for the Games. Hearing the confusion in George's words, Sebastian Coe couldn't help but show a wry smile and told George what had happened.

It turns out that compared with futures, stocks, real estate, and other industries with short investment cycles and huge profits, the preparation time and investment cycle of the Olympic Games are undoubtedly much longer, and the return on investment is relatively low, which has largely discouraged the vast majority of British banks and consortia from funding to help organize the London Olympics - with this time, they can all multiply their investment in the bullish oil futures and real estate market all the way!

In addition to banks and consortia, Sebastian Coe can also turn to the British royal family and hereditary nobility for support. However, he also knows very well in his heart that although the British royal family and these traditional nobles have extremely strong family assets and are willing to contribute to the construction of the country, the problem is that their assets are mainly various real estate and jewelry collections handed down from their ancestors, and the liquidity they can use is actually very limited. So even if the royal family and aristocrats were willing to help with the preparation of the Olympics, they could only say that they could not do anything in the face of the funding gap of up to 10 billion pounds.

As for seeking loans from foreign banks or consortia to solve the problem of insufficient funds, Sebastián Koda did not consider it from the beginning. You must know that the reason why the British government is so enthusiastic to support London to host the Olympics is not to show the so-called great power style, but to stimulate economic development and reduce the unemployment rate of the domestic population, so as to gain more votes and higher public support.

Therefore, if Sebastian Coe chooses to cooperate with a foreign bank or consortium to obtain funding, it will undoubtedly put the cart before the horse. Because these foreign powers do not think about this matter, they will definitely point fingers and set restrictions on the use of funds with the ultimate goal of maximizing profits, and will never agree with the British government to use this money to deliberately support domestic enterprises.

In short, those who have money do not have the heart to support Britain's large-scale economic construction this time, while those who are willing to participate do not have enough financial resources to support them to participate in it. Therefore, Sebastian Coe put his hope on George, who was born in the traditional aristocratic circle of England, but had deep financial resources!

"Well, Baron Coe, let me think about it. After figuring out the whole thing, George couldn't help but get into thought. After all, this is a big business with a capital scale of tens of billions of pounds, and if you are not careful, you will easily end up with a wedding dress for others, and you will not get any benefits at all.

While the Olympics have gone from a money-burning machine to a money-sucking weapon under the example of the Americans, the profitability of each Olympics varies. In addition, it is customary for the entire London Olympic Village to be owned by the London Organising Committee for the Olympic Games during the Games. Therefore, if too much liquidity is invested in this, it will not only bring huge pressure to George's capital chain, but also face the situation that it will not be able to recover all the investment for a long time in the future!

However, although it is not a small risk to raise tens of billions of pounds of money for the construction of the London Olympics, then again, for George and Tottenham Hotspur, this is not a huge opportunity?

Chelsea in the past life is the best example of this. After receiving capital injection from Roman Abramovich, Chelsea Football Club wanted to expand the stadium at Stamford Bridge, which can only accommodate 40,000 fans, but the residents living nearby simply did not agree, resulting in Chelsea's expansion plans repeatedly being put on hold, and the commercial development around the stadium was also greatly affected. Until the year George crossed, Chelsea, whose expansion plan had been approved, was still in dispute with local residents over the matter, and the project was not going well.

Tottenham are now facing the same problems as Chelsea in their previous lives. Knowing that White Hart Lane has a capacity of 5,000 fewer than Stamford Bridge, and the Tottenham borough is one of the most unemployed and poorest areas in London. As a result, the expansion of White Hart Lane is a bit easier than Chelsea's, but it would not be of much benefit to Tottenham to expand in a slum.

The situation is quite different now. If George had taken this opportunity to request in the name of the funder that the location of the Olympic Village be moved to the north London area where Tottenham is located, and that the "London Bowl" of the previous life be used as Tottenham's new home, and that the entire Olympic Village be transformed into a theme park belonging to Tottenham Hotspur after the London Olympics, then Tottenham would no longer have to face these problems, and someone would have stepped forward to help them solve them!

As for what will happen to East London, which has been stripped of its Olympic Village status, it is not something that George needs to care about.

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