Chapter 361: The Roots of Buffon's Anger (Page 1/1)

Returning to the sofa of the lakeside villa, listening to the ocean tell the story of the before and after, Zhuo Yang suddenly realized.

It all started a few years ago.

Professional players are basically trained in football from a young age, and it is impossible to have time to learn any other professional skills. For most players, the prime of their careers is at best 15 years or less between the ages of 20 and 35. In the past 15 years, the vast majority of people have developed generous living habits because of their generous salaries and lack of planning for their lives, and habits are inertia, which still exists after retirement.

Therefore, what kind of work can be done after retirement to ensure that he always has a decent income has become a major life event for every player.

The smoothest chapter is naturally to be a coach, but the coaching industry is a pyramid like a player, not to mention whether everyone has the ability to be a coach, there are only so few star coaches in the world whose salary is comparable to that of players, and the rest are basically a senior white-collar worker, or even blue-collar, and the income ratio when being a player is a fraction, which obviously cannot satisfy the unrestrained heart.

There are people who work in a variety of industries after retiring, but this is a minority after all, and most players don't have any other survival skills, let alone skills that bring in a high income. As a result, it has become the most common choice to use a high-income salary to manage and invest when playing, and Gianluigi Buffon is no exception.

In 2004, Buffon was fooled by a friend who was an investment consultant with a second knife and fell in love with an old family textile company, Suqi.

Suqi was founded more than 100 years ago, earlier than all the clubs in Serie A, and it was once the largest textile company in Italy and famous in Europe. Until now, Suqi is also one of the top three textile brands in Italy, with more than 2,000 employees.

Suqi mainly provides a variety of bedding products for the hotel industry, especially high-end textile products, in which it has a large market share and belongs to the high-profile star brand.

However, with the setback of the general economic environment in Europe, especially the depression in Italy, Suqi's corporate profits have declined rapidly. At this time, the Suqi family was also keenly aware of the impending fatal crisis in the industry, so they decisively decided to abandon the family industry and quickly look for a successor.

Buffon, of course, does not have such economic vision, he is superbly good at the door, and he is not even a rookie in business. Under the foolishness of his friends, he was dazzled by Suqi's textile market share in the high-end market, and it didn't take long to start picking up this crumbling and shiny plate.

In March 2004, Buffon borrowed 6 million euros to acquire a 7.8% stake in Suqi, which he considered very worthwhile, given that Suqi's turnover reached 310 million in the last financial year. But he couldn't understand the complex amount of losses in the financial statements, and the Suqi family wouldn't deliberately point it out to him.

Using the 7.8% as bait, the Suqi family gave Buffon a 11.6% stake three months later, with the money, of course, financed by bank loans. So, the bait is bigger. In fact, at this time, Buffon has become the largest shareholder of Suqi, and the original Suqi family has basically achieved the goal of getting rid of it, and they only have less than 5% of the shares left.

Except for Buffon, who has not failed to become successful in this matter, other small shareholders have offered low prices to sell shares to Buffon, and all kinds of dazzling prospects are depicted. Today, the old Suqi family has long been clean, and Buffon already owns a whopping 61.8% stake in Suqi, which is simply an appalling proportion. It can be said that Suqi is no longer a joint-stock company, but Buffon's sole asset industry, which is awesome.

In the first year of Buffon's investment, in 2004, he invested a total of 8.2 million, and Suqi had a turnover of 103.6 million in this fiscal year and a loss of 21 million, of which Buffon accounted for a loss of 8.3 million. In other words, all his money was wasted. Buying shares every year, with huge losses every year, Buffon can't get rid of it, because his source of funds is all from bank loans, except for all the salary income over the years, and the principal and interest are as high as 50 million, and it is still snowballing.

No one will come to pick up his plate, because there is no rich man in Italy who is so easy to fool as him. Or simply grit his teeth and declare bankruptcy, but then all his investments will be lost, and he will be saddled with a terrifying huge debt.

Why is this so? Because since 2004, China has become the world's largest textile country, and with a production capacity doubling every six months, it is quickly leaving other countries far behind. The tremendous energy of reform and opening up, and the potential of the talent pool with population superiority have suddenly exploded. As far as the textile industry is concerned, no matter what grade of products, China has an overwhelming advantage in terms of production capacity, price and quality.

In 2004, it was the time when Chinese textiles were overwhelmingly entering Europe, and all opponents were about to collapse at the touch of a button, and there was no ability to resist at all. In front of China's textile giants, Suqi is the straw in a typhoon.

Because the precipitation time is still short, China's only disadvantage is in the brand, without a high-profile brand, there is no higher added value. Therefore, China's textile industry has taken a fancy to well-known Italian companies such as Suqi, and they want this signboard.

Ocean's overseas economic and trade company came to Italy to help China Textile Group complete the acquisition of this piece, Buffon is the largest shareholder of Suqi, who does Ocean not look for him?

At first, Buffon was overjoyed, he thought he had met such a stupid pick-up man, but after the first contact, he immediately knew that he was still the only one who was a fool. The Chinese analyze all financial statements in a much more professional way than Buffon's financial advisers and Suqi's treasurers. When it came to negotiations, every word of the Chinese was tied to Buffon's ribs.

The Chinese side has offered several share acquisition plans, but all of them are far below Buffon's expectations, after all, they only look at Suqi's brand, and nothing else can pass the eyes of the Chinese.

If Buffon agrees, he will still lose all his money, and the ball in the first ten years has been kicked in vain, how can this make him willing. But after talking, the hateful Chinese do not let go at all, and they are not willing to pay a penny more.

Especially the young negotiation assistant, who put on an arrogant and commanding appearance from beginning to end, and from time to time sneered in Italian, which was not very fluent, poking every sentence in the heart, and couldn't give a reply.

Buffon's lungs were about to explode, but people had to bow their heads under the eaves, and these people in front of him who hated and hated to the extreme were his only hope to get out of the sea of suffering. Therefore, Buffon could only hold back his anger and disgust, and endure the arrogance and squeeze of the ocean over and over again. During this period, Buffon left six times to wash his face in cool water, and once to flush his face.

The game could not be delayed, and he was not a negotiator, so Buffon left the matter to his financial adviser and embarked on the journey to Milan.

With a deep hatred for the Chinese buried in his heart, and a sense of disgust for the treacherous and cunning Chinese, he saw how Zhuo Yang could still hide. To tell the truth, Buffon only scolded those two sentences, and he was indeed a gentleman with considerable culture and grace.

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