Chapter 1572: Buy the team and sell the engine
Claire's mind was a little overwhelmed.
As a British aristocrat, she has not seen the children of wealthy people. It's not that she hasn't seen those arrogant and domineering nouveau riche, but Li Fanyu's handwriting, she has seen it for the first time.
Williams, as a publicly traded team, is not uncommon for someone to be interested in a stake in the team. In fact, over the years, a lot of people have bought shares in the old F1 team out of their appreciation for the team's performance in the market, or simply out of sentiment.
But Li Fanyu, what is this?
Claire made an apologetic gesture to the crowd, picked up the coffee pot on the floor, and called the cleaner to come in and clean up the card fee stains on the floor.
Only then did he use wet wipes to clean his hands, and wondered: "Mr. Li, can I ask why you want to buy the shares of the team?"
Li Fanyu held the only cup of coffee in the room and smiled: "Of course, it is to let the Williams team rush to Zhengxin's engine." Theoretically, if I own 51 percent of the Williams team, then I can reorganize the board of directors and replace the Mercedes engine with a Zhengxin engine, right?"
Claire has been shocked by the local tyrant in front of her and has nothing to say.
In order to do the engine business, buy half of the fleet......
Is there still such a business?
You know, although the market value of the Williams team has been declining continuously, even so, the market value is nearly 500 million pounds!
Although the supply of engines in F1 is a big business, it is still a lot. Each F1 team consumes around 100 engines per year through in-team training, practice qualifying and race. This represents approximately 20% of the fleet's total spending.
On the Williams team, that's about 40 million pounds.
Even if the profit of each engine is 20%, then through this business, Li Fanyu can only earn more than 8 million pounds.
For the sake of this profit of more than 8 million pounds a year, spend more than 200 million to buy 50% of the team's equity?
Claire had to take a fresh look at the young tycoon in front of her, who owned Rolls-Royce, Bentley and the de facto owner of the British Associated Group.
How did you earn your money over the years?
Claire muttered to herself.
As if he understood Claire's inner thoughts, Li Fanyu smiled slightly, "Sir, please don't look at me with such eyes, I'm not crazy." ”
"But I don't quite understand your thinking. Sorry, sir. It's not that I doubt your investment vision, and I'm actually glad that Williams Racing has won your favor, but what I don't quite understand is, what are the benefits of doing this, and I mean buying a stake in the team?"
Li Fanyu shrugged his shoulders, "There are a lot of benefits." For example, I can get my engine into F1 right away, and for example, I can improve the team's performance by adapting the engine to Williams' car, which will increase the market value of the entire team. Or take it a step further, if the Williams team now has 70 points, it's not a top score, but it's barely in the upper middle range. If the engine is used and the financial support of the company is accepted, the team can catch up and win the championship in the second half of this year, and the Zhengxin Group will also follow the benefits. So you see, it's just a good investment. ”
Claire was completely confused by Li Fanyu's thinking.
"Wait! That's too idealistic!" Claire snapped up her palms and quickly stopped.
Li Fanyu changed to a more comfortable position on the sofa and stretched out a finger, "There are infinite possibilities for anything, my habit is to think in the most ideal place, is there anything wrong with this?"
Claire looked at the straight, flagpole-like index finger and cried out to God......
。。。。。。
Li Fanyu stayed in Oxford for two days, and after many contacts, he finally reached a purchase agreement with Williams Racing with the efforts of Zhengxin Britain and Geralde.
In addition to the large number of purchases by the current board of directors, the capital market has also undergone a lot of operation. In order not to affect the current listing positioning of Williams Racing, Li Fanyu does not act as a full holder of these shares.
Instead, 51% of the shares will be held by Zhengxin UK, Sino-British Union, Cheng Ke and their own four parties.
As a result, Williams has four seats on his board of directors.
Counting Claire, who was equivalent to being coerced into his sphere of influence, Li Fanyu held five of the nine votes on the board.
Actual control of the Williams team was formed.
At the first board meeting after the completion of the acquisition, Li Fanyu proposed a request to change the current team engine supplier to Zhengxin Fetype.
The result of the vote speaks for itself, 6 to 3.
The extra vote was purely a broken can from a shareholder who was dissatisfied with the team, believing that the team had now deviated from the normal track and was going in an unplanned direction sooner and farther.
At the same time, the Zhengxin Xca R&D team led by Wang Rui has completed the trial production and testing of Fetype.
After the Williams team passed the mid-season decision to replace the engine, Wang Rui rushed to Oxford, England with engineers from the FE technical support department and five sets of FEtype engines for testing under the instructions of Li Fanyu.
From this moment on, Williams and Mercedes said goodbye completely.
The race cars that were being assembled at the factory for the next sub-station were disassembled and equipped with the Type engine that Li Fanyu had so much hoped for.
And Williams was controlled by Zhengxin, and the replacement of the Fetype engine quickly spread in the circle.
People have a deep disdain for Zhengxin's behavior of smashing the F1 engine market with money;
"Zhengxin Group is simply an upstart with money in their arms! They don't understand F1 at all, and they don't play by the rules of F1 at all! God, I can't imagine what the second half of the season will be like for the Williams team after changing the Zhengxin engine that has never been on the official track!"
"FK, although the Williams team has been mediocre in recent years, this is just a team that I deeply respect. When Serena Williams was there, he ruled the team with iron and blood, and gave the team a foundation for winning without reservation. But now, Serena Williams has chosen to succumb to capital. The soul of this convoy is gone!"
"Our Lady Maria, I'm just asking for faith right now is a terrible engine, let that guy quit Williams after playing for a season and feel bored!
In the midst of this controversy, Williams' No. 2 car was assembled.
It's officially in the testing session!