Top of the Great Era

Chapter 1886 Don't use the interest-free loan
The impact of the European debt crisis has spread to Britain and the United States, and even has an impact on Zhou Buqi's business.

For example, the blind box business.

In response to the European debt crisis, both the EU and the UK have started quantitative easing, resulting in the depreciation of the pound and the euro, because the EU is the UK's main export source, and the UK is also the EU's key export market. It will be more conducive to export.

This in disguise leads to an increase in the cost of the blind box and shrinking profits.

And more importantly, the listing plans of Jieyu Media and Yuanwei Group may be hit in the future.The financial crisis is global and has a great impact on the Hong Kong government.

Jieyu Media is now the largest entertainment company in Asia. It was valued at 800 billion Hong Kong dollars when its internal shares were reformed, and the market value of the issue price can reach 1000 billion Hong Kong dollars.

Seeing that it is about to go public, the major financial institutions are a bit overwhelmed.

I can't afford that much money.

This led Jieyu Media to urgently lower the issue price and reduce the expected scale of financing.

For such a big matter, even Xu Baihui, who is as pungent as Xu Baihui, can't make a decision, so I called Boss Zhou and asked him for advice.

Zhou Buqi told her not to care too much about short-term interests.

Let's talk first!
It is now 2011, and there will be a big bull market in a few years.

If Jieyu Media abandons the current listing plan and waits for the impact of the European debt crisis to pass in a year or two before seeking listing, even if it goes public at that time, important shareholders will not be able to cash out at high prices in the bull market due to the lock-up period up.

The listing plans of Jieyu Media and Yuanwei Group remain unchanged!

Zhou Buqi came to Old Trafford to watch Manchester United's home game against Chelsea in the quarter-finals of the Champions League. Several dignitaries from Manchester came to the VIP table.

To talk to him about cooperation.

The European debt crisis has seriously affected the British economy, and various economic indicators in the first quarter have been declining, which has already shown that the turmoil has spread to the UK.

Some people are even protesting.

Ask for Brexit, don't play with EU idiots, it's too bad!
However, this time the British authorities withstood the pressure of the public and did not decouple.But it became the fuse. When the refugee wave came and the European Union issued a target requiring all member states to accept refugees, the UK really couldn't stand it anymore and completely decoupled.

This is all something later, and the British economy is in trouble right now.

The Congress quickly came up with a package of ways to get out of the economic crisis, similar to those in China, one of which is to engage in large-scale infrastructure projects.

However, the specific implementation level is slightly different.

The British authorities promised to provide low-interest loans and interest-free loans, hoping that companies can cooperate in carrying out some infrastructure projects to create jobs and increase GDP.

It's just a coincidence.

After the big boss Zhou took over Manchester United, he has been building a lot.

The training base has been refurbished, the reserve stadium has been expanded, and the renovation of the Old Trafford stadium is also being carried out annually on a large scale.

Manchester United is the most representative company in Manchester and has the strongest brand. The authorities hope that Manchester United can take the lead in further strengthening infrastructure investment.

To this end, the authorities can provide 20-year, 30-year interest-free loans.

Football is not a commercial project in the normal sense. It has certain "public welfare" attributes. Football clubs all over the world can get the most favorable local support policies.

interest-free loan...

This attraction is really too great!

Don't be in vain!
However, Manchester United really has no new planned infrastructure projects.

The score in the first half was 0:0.

In the second half, Zhou Buqi sat with David Gill and discussed the matter.

"The South Stand has been repaired and the stadium has a capacity of nearly 9. This will further increase Manchester United's ability to generate income."

David Gill may have been intimidated by the previous Glazer family, and he didn't really want Manchester United to take out a loan.

An interest-free loan is also a loan. There is no need to pay interest, but the principal must be repaid, right?

In case the newly invested project fails, it will still be borne by the club.

Manchester United is already very good now, there is no need to make some big moves.

Zhou Buqi didn't think so. His understanding of finance was getting deeper and deeper, and he said lightly: "Manchester United is the banner of Manchester. It has been supported and loved by local fans in the past few years. Now that Manchester's economy is going down, let Everyone's lives have been affected. If Manchester United can do something, it must do it! This is Manchester United's social responsibility!"

"what?"

David Gill was stunned.

The judgment was uncertain for a while, and I didn't really believe that Boss Zhou, a foreigner, would have such a strong sense of responsibility and mission in Manchester.

Zhou Buqi said: "If the authorities need it, if the society needs it, we must do it. You just need to think about it, what other new infrastructure projects can Manchester United develop?"

For a capitalist of his level, an interest-free loan is tantamount to free money.

Even if there is no suitable investment target, it can be converted into physical assets and stored.With the depreciation of currency and the appreciation of land, the value of infrastructure assets will become higher and higher.

It's like building a building with an interest-free loan of 1 million pounds.

After paying off the loan 20 years later, the asset value of the building has reached 2 million pounds.

This is equivalent to using official funds to make Manchester United 1 million pounds for nothing.This does not include the use value and revenue value brought by Manchester United's use of this building for nothing in the past 20 years.

David Gill said: "If this is the case, this summer, the Carrington training base can be further transformed and refurbished to make it the best training base in the world."

"Any more?"

"The refurbishment of Old Trafford..."

"This is not a new project."

"Well, then..." David Gill narrowed his eyes and said slowly, "There is actually a hotel project."

"Oh?"

As soon as Zhou Buqi's eyes lit up, he was very interested.

Build a hotel?
This is a high-quality asset project!

Taking interest-free loans and cheap land from the authorities to build hotels and make money for Manchester United is of course a very good investment plan.

David Gill is obviously not thinking about the financial field. He and Ferguson wear a pair of pants, and he is thinking about the development of football. "In the past Premier League home games, the team's bus will always be affected. This is a hidden danger. .”

Zhou Buqi was slightly taken aback, "What do you mean?"

David Gill said helplessly: "Manchester City is not what it used to be. Manchester City is now very strong. It is No.2 in the standings, second only to Manchester United."

"Ok?"

Zhou Buqi still didn't understand.

David Gill said: "Manchester United and Manchester City are the two Premier League teams in Manchester. Manchester United's fare is higher, targeting more upstream fans. Manchester City is a mass fare, targeting lower-level fans. Among local fans , Manchester City has more fans than Manchester United."

"So insidious?"

Zhou Buqi immediately understood what was going on, opened his eyes wide, and couldn't help but want to curse.

Depend on!
British football hooligans!

(End of this chapter)