Aiden Barkley felt that tonight's negotiations were a bit unreliable.

Because it's so fast, it's not like you're talking about £350 million, an expensive media conglomerate.

On the contrary, it is as simple as buying a potato in the vegetable market.

But in fact, in tonight's negotiations with Aiden Buckley, Abel's advisory group has done a lot of work in private.

This includes examining and observing the value of BTM Media Group in real time, as well as the value of several of the group's newspapers.

The real value of this company is actually only a copy of the Daily Telegraph.

The Daily Telegraph is the most influential national newspaper in the UK.

It was first published on 29 June 1855 and merged with the Morning Post in England in 1937 as the Daily Telegraph and Morning Post, which later changed to its present name.

It is the largest selling of the UK's four national "high-end" daily newspapers.

The newspaper was compact and wide-ranging, but its message was shorter than that of other major national newspapers, and in 1994 it became the first online newspaper in Europe.

Like its American counterpart, the Internet emerged after entering the new century.

The British newspaper industry, which was originally particularly developed, has also been gradually shrinking.

At its peak, the Daily Telegraph recorded 2.45 million copies sold daily.

It was the day of the victory in World War II, and it carried the news about the victory in World War II.

On that day, the sales of newspapers in Britain and around the world almost doubled compared to usual.

This is the highest sales volume in history, and the gold content is slightly lower.

But in the period from the end of the war to 1990, more than 40 years.

The Telegraph was able to sell about 100+ million copies.

When a new era comes, the Internet comes along.

The Telegraph, like its peers, is declining in sales.

By the time of 2001, the average daily sales of the Daily Telegraph had only left about 80+ thousand.

Even this sales volume still makes the Daily Telegraph the number one newspaper in the UK in terms of daily sales.

The Times in second place and The Guardian in third place, they had even worse results.

The point is that these newspapers, which are more serious and can't let too many ads affect sales, have even been in question for profitability in recent years.

The Telegraph, for example, has been losing money for two years. The Times has been losing money for almost three years.

The worst is the Guardian, which is said to have been losing money for more than five years.

Fortunately, the Times is backed by the British News Corporation, which is Murdoch's News Corporation.

The Times, which is backed by a supertree, is not a problem at all.

The "Daily Telegraph" and "The Guardian", which have no thighs behind their backs, are gradually becoming a little unbearable.

As the largest newspaper, the Daily Telegraph has a thicker blood bar.

On the Guardian side, since last year, there have been frequent news that it is going to be liquidated.

In the current era, the fate of these overlords of the paper media period is like the fate of an empire on which the sun never sets.

Dying old, only the glory of the past remains.

Aiden Barkley was a little uncomfortable, and Abel's quick and concise negotiation style was too inconsistent with the rules of the business world. ….

This is what Aiden Buckley does not know, and the foundation of the Telecommunications Media Group and the "Daily Telegraph" has been all searched by Abel's side.

Even the group's possible offers, the advisory group gave references.

Aiden Barkley's £350 million offer is in the reference price.

Abel: There are still a number of negotiations to take place tonight.

Determine this offer after psychological expectations.

Abel quickly cut through the mess and quickly resolved the matter with the Telecom Media Group in Aiden Barkley's somewhat messy mood.

Of course.

When Aiden Barkley returns, he will have a meeting with the family and the shareholders.

In the end, it was decided whether to sell BTM Media Group for 350 million pounds.

Not to mention Aiden Buckley's messy emotions.

This side of the Savoy Hotel.

Abel has already started the next negotiation soon.

The second person sat next to Aiden Barkley, who had just left.

The second businessman's name was Kerry Kirsch.

Kerry Kirsch is not British, he is a German, and he has just arrived from Germany today.

Kerry Kirsch is a member of the Kirsch family, which is the founder of the Kirsch Group.

As for the Kirsch Group, it is one of the largest media groups in the world, the number one media company in Germany and the top three media companies in Europe.

Kirsch Media, which is owned by the group, has a monopoly on broadcasting rights and advertising in the Bundesliga.

Abel's purpose in looking for Kerry Kirsch was simple.

"Mr. Kirsch." Abel said:

"To tell you the truth, I want to buy a stake in SELC in the Kirsch Group."

Kerry Kirsch is the same as Aiden Buckley.

To be able to come here, I have already negotiated with Abel's advisory group many times.

Those who can come to the scene are basically agreed to in terms of price and various terms and conditions.

It can be said that they all have trading intentions.

The people in front of them are all here, and they came to make the last contact with Abel.

As long as both parties have no doubts, the next step is to formally sign the contract.

Kerry Kirsch looked at the young over-the-top Abel.

The German businessman, who was already in his fifties, sighed and said:

"Okay. I'm here to sell my stake in SELC. The Kirsch Group has no objection to this offer."

Able smiled and said, "We've already said it, haven't we? Since we already have mutual intentions, it will be beneficial for both parties to determine it as soon as possible. Time is money, my friend."

"You're right. Mr. Smith. Time is money!"

Kerry Kirsch, who is in his fifties, agrees with this statement.

"So it's like we said. 800 million euros, 75% of SELC's shares." Abel smiled.

Kerry Kirsch nodded in agreement.

Before the old man came.

The headquarters and shareholders of the Kirsch Group have already agreed to this price.

The old man came here, basically to go through a passing scene.

Seeing Abel's hearty appearance with Aiden Barkley just now, and with himself.

Kerry Kirsch, who originally had no extra thoughts, couldn't help but speak: ....

"By the way, Mr. Smith. Are you interested in the Kirsch Group?"

"Kirsch Group?" Able smiled and said, "As far as I know, you are in a bad situation right now."

Kerry Kirsch's face sank, but he also knew that what Abel said was true.

Now everyone knows that the Kirsch Group is very problematic.

As the world's largest media conglomerate, the situation for the Kirsch Group at this time was very bad.

At present, the total debt of the entire Kirsch Group amounts to more than 6.5 billion euros.

It is not terrible to owe a lot of debt, but it is terrible to have a sharp decline in profitability.

From 2001 to the present, the pre-tax profit of Kirsch Media has fallen by 9 percent to just 178 million euros.

And now, the debt of Kirsch Media, a subsidiary, has reached 2.2 billion euros.

Even in Germany, the word "cancer" is used in the local media to describe the spread of debt within the Kirsch Group.

The Kirsch Group claimed to the outside world that the German Bavar

Leah State Bank, Mortgage Union Bank, Commercial Bank and DZ Bank will all take part in the action to help the Kirsch Group.

Together, the banks will decide who will take over the Kirsch Group.

None of this is a secret in Europe.

It is precisely because the situation is very bad. The Kirsch Group will have to start selling some of the high-quality assets that people want.

In order to get a new injection of capital to save the dying parent company.

It's just that some are a drop in the bucket, and some drink to quench their thirst.

"Hard days will pass." All Kerry Kirsch could say was this, "That's what my brother always told me."

Kerry Kirsch is the younger brother of Leo Kirsch, founder, chairman and CEO of the Kirsch Group.

"Then I wish the Kirsch Group a speedy journey through these difficult days." Abel smiled.

Kerry Kirsch sighed inwardly.

The old guy knew that the American tycoon in front of him didn't want to take over the mess of the Kirsch group.

But Kerry Kirsch can't blame Abel either, because Abel isn't the only one.

Even local banks in Germany, and even *** in Germany, do not want to help the Kirsch Group in its current situation.

The reason is simple: the Kirsch Group is in the predicament it is in the first place, and it is self-inflicted.

This media group company is a typical example of wanting to pretend even if you don't have money.

It was the Kirsch Group that doubled the price and cost of the Bundesliga's broadcasting rights in five years and tripled in ten years.

The exaggerated broadcast fee allowed the Kirsch Group to monopolize the broadcast rights of the Bundesliga, and the Bundesliga team was very happy.

It's just that if you eat it, you will eventually spit it out

In parallel time and space, the Kirsch Group will be liquidated in bankruptcy next year.

Then the Bundesliga, which relied on the Kirsch group to live a good life for several years, except for Bayern, who was suspected of insider trading and took a sum of money from the Kirsch group in advance, everything else was unlucky.

The big teams are okay and can hold on. Those small and medium-sized teams, after the collapse of the Kirsch group, almost followed.

The Kilsch Group's €800 million contract with the Bundesliga has come to naught, many smaller clubs are on the verge of closure, and Kaiserslautern and Nuremberg even need player donations to stay afloat. ….

It was later that German banks and local *** stood up for loan support to make the Bundesliga continue.

It's just that after that, after a few years of coolness, the Bundesliga once again went from luxury to frugality, and the hard days passed.

In parallel time and space, the Kirsch incident caused Berbatov and other stars to leave the Bundesliga.

The crisis has even spread to faraway Italy.

Before the start of the 2002-03 season, Italian state television cut the broadcast fee paid to Serie A by a large scale, from 88.5 million euros to 45 million euros.

The sharp drop in broadcast revenue has put a large number of small and medium-sized clubs in trouble, and Fiorentina, one of the seven sisters of Serie A, has directly declared bankruptcy.

The same is true of the World Cup.

The Kilsch Group was able to build up its debt so dramatically.

It is related to Leo Kirsch, the founder and chairman, who insisted on buying out the global television rights for the 2002 and 2006 World Cups at a sky-high price of $1.67 billion.

Léo Kirsch's clever manoeuvres from the nineties onwards have almost destroyed Germany's No. 1 media group.

Kerry Kirsch saw Abel's "wealth" at this time.

The desperate Kirsch Group, if only he could get money in Abel's hands.

Or if Abel is added to the Kirsch Group, Kerry Kirsch feels that there is hope for bringing the Kirsch Group back to life.

Who called Abel Smith's rich name, which had already crossed the Atlantic and passed to Europe?

Maybe that way, you can maintain the turnaround and let the company last longer.

only

However, Abel's advisory group had already reported these situations to him.

Even the advice was given.

That is, the Kirsch Group is not worth owning, it is too heavily indebted, it is so serious that it is insolvent.

To make matters worse, Leo Kirsch's wise judgment went awry.

Much of the profitability of the Kirsch Group is mismatched by its costs.

For example, Kirsch Media has an average annual profit of around 200 million euros before tax for three years.

If you pay corporate tax, you may lose even 150 million euros in profits.

The profit of 150 million euros is only enough to pay off the interest on the debt, and this year's situation does not even look like enough.

In addition, it is unlikely that there will be a large increase in its revenue in a few years that will be visible to the naked eye.

This means that Kirsch Media will continue to lose money for at least five years.

With a debt of 2.2 billion euros, few people can afford it.

Subsidiaries like this can be said to be located throughout the Kirsch Group.

The most apt description in the local German media is that the Kirsch Group at this time is full of cancer, and the cancer cells have spread to the whole body.

It's good that there are only two or three taels of flesh left on the body, and everything else is already full of cancer cells proliferating.

This made Abel, who was still quite interested in the Kirsch Group, also retreated.

Abel is not short of money, and it is not false that he wants the world to hear the voice of Smith Media.

But such a super pit, even he wouldn't jump into it.

Fortunately, the advisory panel also gave him advice.

The advisory panel suggested that Abel could not take a stake in the Kirsch Group.

But if the Kirsch Group wants to borrow money, with some terms, it can be lent out. ….

In that case, the Kirsch Group really has a priority clause in place, and Smith Media may have the opportunity to acquire some of the high-quality assets of the Kirsch Group.

It's just a pity that everyone thinks so.

The banks and companies that have lent money to the Kirsch Group have already divided the high-quality assets of the Kirsch Group.

Unless Kirsch Group survives, it will not be able to pledge the high-quality assets that it can dispose of to Abel.

In other words, even if Abel wanted to take out a loan, the Kirsch Group would not be able to get the high-quality assets he wanted.

The shares of SELC are already the only high-quality assets that can be sold.

The rest has already been mortgaged.

Kerry Kirsch did not mention the loan, but directly asked Abel if he was interested in shares.

That's not something that nature has.

Kerry Kirsch had to leave with regrets.

Abel was also a little regretful.

The Kirsch Group is undoubtedly a big piece of fat, but unfortunately it is this piece of fat that is overgrown with cancer and is prohibitive.

Fortunately, it was not without gains, at least 75% of the shares of SELC were bought.

After getting Kerry Kirsch done, Abel talked to everyone else.

Like I said before.

These people who were able to come here had already negotiated with Abel's advisors in advance.

Coming over here is just going through the motions and finalizing it.

Among the remaining guests, there are the owners or representatives of several newspapers such as the British "Daily Mail", "Daily Star", and "Daily Express".

Don't look at these newspapers, each with a "daily" prefix.

They have nothing to do with telecom media groups. It's just that, like The Daily Telegraph, there is a "Daily" in front of the name.

The Daily Mail is a "high-end newspaper" similar to the Daily Telegraph, which is about the same seriousness as The Times and the Guardian.

The Daily Express is a middle-class newspaper known for its short, concise, and easy-to-understand articles, and its readers are mostly middle- and lower-class.

As for the Daily Star, it is a pure tabloid newspaper with a status similar to that of The Sun in the UK.

The newspaper covers ***, weather forecasts, girls and sports news, entertainment news, and more.

It is also one of the most famous paparazzi newspapers in the UK.

For the bosses or representatives of the bosses of these newspapers, Abel is also quick to cut through the mess.

If there is no problem with the price, then start preparing the contract and the transfer agreement.

If you have any questions, let them leave first and talk to your own advisory team.

In this way, it only took him about an hour to get the first five guests.

After sending off these five guests, there was only an old man in his seventies left in front of Abel's eyes.

Alan continued to introduce Abel, "Boss. This is Mr. Kerry Landzer. He is the Chairman and CEO of Landzer Entertainment Media."

"Hello, Mr. Landezier." Abel smiled.

Cutting through the mess quickly, in a short period of time, he has reached many deals.

He is now glad that he has set up this advisory group, which is similar to the "Military Aircraft Division".

Otherwise, if you rely on yourself to bring people and talk carefully with these people one by one. ….

He felt like he didn't have to do anything else in the future.

It is estimated that the time spent on the negotiation all day and on the way to the negotiation is terrible enough.

Fortunately, there is now this "Military Aircraft Department", and most of the trivial matters and preliminary preparations can be entrusted to them.

You just need to be cautious and make judgments.

The only thing to be concerned about is that the internal members of the advisory group may collude with the outside world.

Abel had thought of this, but now he was still negotiating with the last guest.

Kerry Landzer shook Abel's hand, and the old man smiled and said:

"Mr. Smith, it's so exciting. I've never seen anyone buy a company like they buy potatoes, and when they buy it, it's a bunch of them."

Abel thought to himself, don't you Europeans really don't know how to make analogies without potatoes?

"It's fine." Abel smiled, "After all, they are all inexpensive companies."

When Kerry Landzer heard his answer, the corners of the old man's mouth couldn't help but tug.

While the old man was still muttering in his heart, Abel said:

"Mr. Landzer, let's get to the point. I want a stake in MUPLC held by Landzer Entertainment Media."

"Of course, of course." Kerry Landezer smiled back at Abel, and the old man said:

"I came here to sell these shares to you. A hundred million pounds, right?"

"That's right." Abel smiled.

The old man stood up and stretched out his hand to him, "I am willing to sell, sir."

Able got up and shook his hand, and said with a smile, "Good cooperation, sir."

(End of chapter).

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