Chapter 012: Negotiation (Medium)
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In the face of Joe Lewis's aggressive gaze and angry roar, Danny Levy did not immediately act on the other party's orders, but said his thoughts head-on: "Joe, I think it would be better for us to take this opportunity to sell all the Tottenham shares we hold now." Pen, fun, pavilion www. biquge。 info”
"Danny, do you know what you just said?!" Seeing that his friend and subordinate was actually contradicting at this time, Joe Lewis's anger couldn't help but rise higher and louder, "You mean, the British government will favor George Nelson in this acquisition, or do you think I can't compare financially to that milky little guy?"
"Joe, calm me down!" Seeing that his friend was still obsessed, still intending to fight the menacing and well-prepared George Nelson to the end, Levy had no choice but to turn his heart on and roared back at the same decibel volume, "I have already investigated, George Nelson began to quietly buy Tottenham shares from the London stock market a month ago. In order not to attract our attention, he deliberately suppressed the shares held in his hands to less than 10%. Then, just three days ago, George got the old guy a whopping 25% Spurs share from the old guy. As a result, George has now effectively crossed the threshold at which a tender offer can begin, but he has not immediately proceeded because of legal constraints. As for the odds of the British government stepping in to block George from buying Tottenham Hotspur...... Joe, with all due respect, I think the odds of this happening are incredibly slim!"
Even Levi had to admit that George's trick was indeed quite exquisite. First, he firmly controlled his stake below 10% to avoid attracting the attention of the market and Tottenham management, and then tried to persuade Alan Schug, the club's second largest shareholder, to directly buy all the Tottenham shares in the other party's hands, crossing the 30% threshold in one fell swoop, so as to achieve the goal of surprise.
As things stand, George's move was effective, with a flurry of punches that left Levi and Joe Lewis dizzy. And the two of them in the bright place couldn't think of any effective countermeasures for a while after being caught off guard, and they could only scold George in their hearts.
"How is this possible?" seemed to be squeezed by Levy's sudden roar and the cruel reality, and this time Joe Lewis spoke much quieter than before, "Don't the stupid asses of the British government know that their doing so is likely to cause distrust of the government, and even cause a serious crisis of trust?"
"As far as I know, the main reason why the British government will not put obstacles in the way of George's takeover is that George promised Tony Blair that he would fund the formation of a railway company in the coming year to reduce the British government's growing financial burden on railways, in exchange for the British government's deafness and dumbness when he bought Tottenham. Levy thought for a moment and decided to tell what he thought was the most likely guess based on the information he had investigated, "What's more, George Nelson's Nelson family is a famous family in Britain. The British government is clearly more willing to let a traditional English aristocrat be the master of Tottenham Hotspur, a Premier League club, than we are outsiders. ”
If George had been here at this time, he would have praised Levi's ability to gather intelligence. Because the information that Levy found was basically true, George did make a deal with the British government in exchange for the government's promise that it would not block his investment in the purchase of Tottenham. However, it was not the current British Prime Minister Tony Blair who made the deal, but Chancellor of the Exchequer Gordon Brown.
Although there are some deviations in the details, being able to guess to this extent with limited intelligence is enough to prove Levy's ability. It's a pity that due to the appearance of George, it is clear that Levy will not have the opportunity to show his talents at Tottenham in this life.
"If the situation is really like what Danny said, then the situation we are facing now can be said to be extremely bad. After listening to Levy's account, Joe Lewis's face became worse and worse, and he said in a low tone, "Danny, according to what you can see, if we increase our stake to 30% like George, and then launch a tender offer to all shareholders, and compete with him for financial strength, will we be able to resist this takeover he initiated?"
"Joe, you don't even think you're a big football fan, so why do you have to hold on to Tottenham this time?" Levy was also very unhappy about the possibility of George being forced to leave Tottenham. However, for practical reasons, he also tried to dissuade Lewis as much as he could, hoping that he would be able to suppress his anger and retract this seemingly unsound idea, "You know, if George wants to buy enough shares from our shareholders that he controls the board's decisions, then he has to make a tender offer at a price that is attractive enough." Therefore, George's acquisition is arguably the best chance we have to recoup our investment in Tottenham!"
In Levy's view, taking advantage of George's big foray into Tottenham, it is in their best interest to cash out these seriously depreciated Tottenham shares as soon as they see a good deal. You know, Joe Lewis is still in the idea of letting football clubs run their own profits and losses, and he will never invest any money in these clubs. As a result, Tottenham struggled to do well without funds to bolster their squad, and it was difficult for its shares to appreciate and attract large sponsorship and commercial revenues for Lewis to profit.
"Besides, it doesn't matter if we sell these shares in Tottenham and lose our foothold in the Premier League. You know, there are so many clubs in England, and there are 20 teams in the Premier League alone. Let's buy another one and start all over again!" Seeing Joe Lewis's hesitant expression, Levy hurriedly said something like this, intending to strike while the iron was hot and strengthen the other party's determination to sell Tottenham shares.
Levy's words were like a bucket of cold water, which suddenly woke up Joe Lewis, who was already showing some signs of enthusiasm, and made the business tycoon regain his previous calm and shrewdness: "Danny, you're quite right. Indeed, I don't have to fight George Nelson to the death. In that case, even if we win the battle for Tottenham shares, it will probably cost a lot of money. ”
For Joe Lewis, who aims to rely on football for his own benefit and that of the ENE Group, such an outcome is clearly unacceptable to him. So, having regained his shrewdness, after weighing it up, he finally made a decision!
So, twenty-four hours after receiving the notice from the London Stock Exchange, Danny Levy, at the behest of Joe Lewis, issued a public notice announcing that Tottenham would hold a general meeting three days later, on the last day of May. At that time, the General Assembly will vote on whether to agree to George Nelson's continued contribution to the acquisition of Tottenham shares. The result of this vote will determine whether Tottenham Hotspur will apply to the British government in the name of resisting hostile takeovers, asking the government to stop George's takeover!
Of course, Joe Lewis, who had received enough information from Levy, knew in his heart that even if he finally applied to the British government to block the takeover, it would be difficult to get a satisfactory result for him. The main reason why he called the general meeting was to pressure George to shell out more real money to buy his Spurs shares.
Suffice it to say, Joe Lewis had already made up his mind to sell his nearly 30% Spurs shares to George at a high enough price, even before the shareholders' meeting had even taken place. Joe Lewis is clearly not alone in the same purpose.
On May 31, the conference hall of Tottenham Hotspur headquarters was full of people, and all shareholders who hold Tottenham shares gathered here to wait for the arrival of George Nelson, the famous young commander of the British Isles and their savior who was trapped in Tottenham stocks!
So, although George was the last Tottenham shareholder to arrive at the meeting, he caught the attention of everyone in the hall as soon as he appeared on the stage!
"Ladies and gentlemen, it is a great pleasure for you to be here and participate in this General Meeting of Shareholders...... I would like to announce that the Tottenham Hotspur General Meeting is now officially open!" Seeing that the protagonist of today's meeting has finally arrived, Danny Levy, who is the current chairman of Tottenham Hotspur, could not wait to call the meeting open after a brief opening statement. He was also keen to know what price George would offer to buy their Spurs shares.
Although Levy doesn't know exactly how much George spent to buy the 25% Spurs stake from Alan Schug, judging from Alan Schulger's performance in the past few days, George will definitely not pay a small amount - otherwise, how could Schuger buy a fairline yacht that sells for up to £5 million for recreation?
It should be noted here that under English law, in order to protect the interests of minority shareholders, when the acquirer makes a tender offer, it must offer the same purchase price to all shareholders. So, if George wants to achieve his goal of taking Spurs into his pockets, he must feed these shareholders and sell them to him obediently.
At the very least, before buying the line that would trigger Tottenham's forced delisting from the London Stock Exchange (i.e. one party owning more than 75% of a company), George had to make sure that these people could see that selling his shares to him would make more money than continuing to hold them!
Therefore, when George was the first to stand up and walk to the front of the stage, everyone in the audience focused on him. Levi and Lewis, in particular, had a greedy look in their eyes that was almost turned into a physical entity, and they couldn't wait to rush up to George now to ask about the acquisition.