Top of the Great Era
Chapter 1908 Financial Hole
Two days later, Klopp came to London and met with boss Zhou again to chat about Manchester United's future team building plans.
Then, a verbal commitment was made.
The annual salary directly doubled to £500 million before tax.
The signed contract is a 5-year period of "1+6".
The media in the UK is powerful. Zhou Buqi only reached a verbal promise. Manchester United has not yet issued an official document. Similar news has been spread all over the street.
Basically, the more the pass, the more reliable it is, saying that Manchester United may choose the German marshal Klopp to succeed the great Sir Alex Ferguson.
This matter did not cause trouble to Zhou Buqi, after all, a great event was accomplished.
Next, go back to China and prepare for the listing of Yuanwei milk tea in Hong Kong.
Senior Sister Zhenyu and Sister Baoshan, as the core members of the original milk tea chain store, will also go back with them to witness this memorable moment together.
The only pity is that the European debt crisis has become more and more troublesome.
This will inevitably affect the capital market.
On the plane, Sister Zhenyu even expressed more worries, "In the first half of the year, Pluto Capital and Neptune Capital both fell into losses, the former lost 11.5%, and the latter lost 9.8%. Now, in addition to Apple's stock price and In addition to remaining basically flat at the beginning of the year, the stock prices of other major companies have basically plummeted. Even Google, at the beginning of the year, Google’s stock price reached 630 US dollars, and now it is only 530 US dollars.”
Zhou Buqi is not too worried about this, "When the second quarter is over, the U.S. economy should start to improve in the third quarter. Isn't the new quantitative policy already implemented?"
Zhen Yu nodded lightly, "Our private equity will not fall into a loss, but if we want to maintain a growth rate of more than 20%, I'm afraid it's impossible."
Zhou Buqi's mentality is very good, and his performance is very flat, "If you don't have it, you don't have it, and it is impossible to maintain a super high growth rate of more than 20% every year."
Zhen Yu was very anxious, "But in this way, we won't get any dividends!"
According to the investment agreement between Pluto Capital and Neptune Capital, if the annual growth rate exceeds 20%, as the manager of the fund, it can obtain 25% of the dividends from the income.
Over the past two years, each year has been more than one billion US dollars.
Once the annual growth rate is less than 20%, the fund manager will not participate in dividends, and the money will be gone.
"Then what should we do?" Zhou Buqi frowned slightly, "Didn't you say that the scale is too large to handle accounts?"
Zhen Yu said seriously: "No matter what, we can't do accounts. We have made too much money in the past two years. How many eyes are staring at us. We can do it or not."
"That's how it is." Zhou Buqi waved his hand indifferently, "It's okay if there is no dividend, at least we can tell Wall Street that we don't always succeed."
"But..." Zhen Yu's delicate and fair face became bitter, "But if there is no dividend, the family's debt pressure will be too great. This year, we have borrowed another 10 billion US dollars. By next year, we need to repay 3 million US dollars in debt and $4 million in interest."
"so much?"
"Well, the total debt of the family is now $57.8 billion."
Zhen Yu was a little embarrassed.
It seems that she, the big housekeeper, didn't manage the family's finances well, which led to such a heavy debt burden.In fact, it has nothing to do with her. The reason for the high debts is mainly due to the debt left over from the acquisition of Manchester United and the establishment of Ziweixing Global Group.
"Principal + interest", $7 million will be paid next year.
To raise such a large amount of money, it is impossible to rely on salary, and must go to the financial market to raise funds.Either go to the market to sell stocks, or continue to mortgage assets for loans.
For Zhou Buqi, this is actually not a big problem.
Not to mention other assets, he already owns 98 bitcoins alone.Mining machines are still mining, and the number will increase.
This is free money, don't want it for nothing.
These billions of dollars in debt are not worth mentioning at all.
"If you really can't get the dividends, then continue to borrow money." Zhou Buqi was afraid that she would worry, and said with a smile, "Borrowing new debts to exchange old debts, after all, this year. I guess it will start next year. The capital market will vigorously pour into the tide of the mobile Internet. At that time, Pluto Capital and Neptune Capital will no longer have to worry about their performance not meeting their standards. This is the difficult time of this year. After this year, Everything is getting better."
Zhen Yu bit her lip lightly and did not speak.
It seems that there are other plans.
On the other side, Baoshan, Wanran and the others were watching a movie. It was Marvel Pictures' new film "Thor", and the sound was a bit loud.Zhou Buqi pulled Senior Sister Zhen Yu, went to the wine cabinet at the back of the plane together, poured two glasses of wine, and asked with a smile: "Senior Sister, how do I see that you have other ideas?"
Zhen Yu sighed softly: "It's not okay to borrow money like this. If I had known that the economic environment this year would be so bad, I wouldn't have borrowed so much money to buy luxury real estate..."
"What's that called?" Zhou Buqi immediately refuted her erroneous thoughts, "Buying a house is for living, and making money is for spending? Isn't it just owed some money? For our family's financial resources , what is it?"
Zhen Yu rolled his eyes at him, "If Teacher Wen, Aunt Xue, and Wu Yu know that the family has 7 million US dollars in principal and interest to be paid next year, do you think they will be worried? There is still 2 million US dollars of pocket money for the family, and then I will keep it. Put down a $1 million reserve fund... next year, the family's financial hole may be worth $10 billion."
Zhou Buqi smiled and said, "Don't tell them, we will solve it ourselves behind closed doors."
Zhen Yu said softly, "I have two options now."
"Oh?"
"One, get back the money lent to Jieyu Media and Taizun Real Estate. Now that they have completed the listing, they have raised a large sum of money, and it is time to pay back the money."
"Well, that's fine."
Zhou Buqi nodded, feeling that at this stage, the debt can be recovered.
Previously, in order to support Jieyu Media’s platter investment plan in Hollywood, it borrowed 5 million U.S. dollars; in order to support Taizun Real Estate’s rapid expansion plan, it also borrowed 4 million U.S. dollars.
Now that these two companies have been listed one after another, it is time to pay back the money.
Even the principal with interest can recover at least 10 billion US dollars.
The $10 billion financial hole next year will be filled in one go!
Senior Sister Zhen Yu continued: "However, this is a temporary solution, not the root cause. The foreign debt can only be collected once, and once it is recovered, there will be no next time. Therefore, compared with collecting foreign debts, finding new income-generating projects is the most critical."
"New project?" Zhou Buqi's expression was a bit complicated, "Sister, this kind of large sum of hundreds of millions of dollars is fast in and fast out... This can only be a financial project."
"Yes, it's a financial project." Annoyance flashed across Zhen Yu's fair face, "I'm going to do European debt again!"
"European debt?"
Zhou Buqi laughed out loud.
Zhen Yu said angrily: "Pluto Capital and Neptune Capital were originally operating well, but there will be some accidents this year, mainly because of the impact of the European debt crisis. The loss of profits brought by the European debt to our family can only be obtained from The European debt has earned back its losses!"
"Have you figured it out? Do you really want to continue to engage in European debt?"
"Well, I'm raising money. I've given up on buying a house in Switzerland to save the money. I'm going to have $5 million in available funds, minus some necessary reserves, and I'll give it a try!"
"Okay, anyway, it's a sure-fire deal."
"Stable profit without loss?" Zhen Yu was quite serious at first, but when she heard this word, she immediately burst into a smile, "How can you be like this, the European bond market is the riskiest market in the world, and all the big capitals in the world The world's top economists, financiers, and bankers are all cutting up this new big cake of interest!"
Zhou Buqi didn't care at all, and said calmly and firmly: "Anyway, we only need to stick to the two bottom lines. The euro will not collapse, and the EU will not abandon Greece. The biggest risk is not the debt default, which will lead to national debt becoming Waste paper. In our place, there is no such option!"
Zhen Yu said very cautiously: "Now there is a new hidden danger. Germany is about to change its term. The new candidate is not on the same side as Merkel. Once Merkel fails to be re-elected, Greece will lose its big backer. Probably because geopolitical dangers turned into financial dangers."
Zhou Buqi said: "There is no need to worry so much. Even if Merkel steps down, the EU cannot give up on Greece."
"Anyway, Greece is in danger again now. Their national debt yield has reached 100%. The big capitals in the world are frightened and dare not enter the market." Zhen Yu shook her head lightly, "This is no longer an investment. It's just a gamble."
The yield of US treasury bonds is around 2%, and that of China's treasury bonds is around 5%. Greece's treasury bonds are 100%. With such exaggerated yields, who would dare to buy them?
If you buy it, it will become waste paper!
In fact, hedging can also be used to reduce risk, buy Greek government bonds with the left hand, and buy default risk hedging contracts such as CDS with the right hand to complete the hedging.
However, the prices of these hedging contracts have reached an unimaginably high level, and there are no more arbitrage opportunities.
In other words, buying Greek government bonds at the current stage has completely lost its rational protection, and it is all about rushing forward desperately.
Zhou Buqi didn't care, and said with a smile: "100% yield, doesn't that mean that if you buy 5 million US dollars this year, you don't need to complete the long-short position strategy, hold it at ease, and it will become 10 billion US dollars next year?"
"more or less."
"What a great business, let's do it! Sister Zhenyu, you know, no matter what you do, I will support you!"
"What if..." Zhen Yu was still a little worried, "What if the contract is really breached and the 5 million dollars is for nothing?"
Zhou Buqi laughed, and leaned over to kiss her on the cheek a few times, "It's nothing but nothing, so what? It's only 5 million US dollars, and our family can't afford it. Do it. Go! I support you!"
Then, a verbal commitment was made.
The annual salary directly doubled to £500 million before tax.
The signed contract is a 5-year period of "1+6".
The media in the UK is powerful. Zhou Buqi only reached a verbal promise. Manchester United has not yet issued an official document. Similar news has been spread all over the street.
Basically, the more the pass, the more reliable it is, saying that Manchester United may choose the German marshal Klopp to succeed the great Sir Alex Ferguson.
This matter did not cause trouble to Zhou Buqi, after all, a great event was accomplished.
Next, go back to China and prepare for the listing of Yuanwei milk tea in Hong Kong.
Senior Sister Zhenyu and Sister Baoshan, as the core members of the original milk tea chain store, will also go back with them to witness this memorable moment together.
The only pity is that the European debt crisis has become more and more troublesome.
This will inevitably affect the capital market.
On the plane, Sister Zhenyu even expressed more worries, "In the first half of the year, Pluto Capital and Neptune Capital both fell into losses, the former lost 11.5%, and the latter lost 9.8%. Now, in addition to Apple's stock price and In addition to remaining basically flat at the beginning of the year, the stock prices of other major companies have basically plummeted. Even Google, at the beginning of the year, Google’s stock price reached 630 US dollars, and now it is only 530 US dollars.”
Zhou Buqi is not too worried about this, "When the second quarter is over, the U.S. economy should start to improve in the third quarter. Isn't the new quantitative policy already implemented?"
Zhen Yu nodded lightly, "Our private equity will not fall into a loss, but if we want to maintain a growth rate of more than 20%, I'm afraid it's impossible."
Zhou Buqi's mentality is very good, and his performance is very flat, "If you don't have it, you don't have it, and it is impossible to maintain a super high growth rate of more than 20% every year."
Zhen Yu was very anxious, "But in this way, we won't get any dividends!"
According to the investment agreement between Pluto Capital and Neptune Capital, if the annual growth rate exceeds 20%, as the manager of the fund, it can obtain 25% of the dividends from the income.
Over the past two years, each year has been more than one billion US dollars.
Once the annual growth rate is less than 20%, the fund manager will not participate in dividends, and the money will be gone.
"Then what should we do?" Zhou Buqi frowned slightly, "Didn't you say that the scale is too large to handle accounts?"
Zhen Yu said seriously: "No matter what, we can't do accounts. We have made too much money in the past two years. How many eyes are staring at us. We can do it or not."
"That's how it is." Zhou Buqi waved his hand indifferently, "It's okay if there is no dividend, at least we can tell Wall Street that we don't always succeed."
"But..." Zhen Yu's delicate and fair face became bitter, "But if there is no dividend, the family's debt pressure will be too great. This year, we have borrowed another 10 billion US dollars. By next year, we need to repay 3 million US dollars in debt and $4 million in interest."
"so much?"
"Well, the total debt of the family is now $57.8 billion."
Zhen Yu was a little embarrassed.
It seems that she, the big housekeeper, didn't manage the family's finances well, which led to such a heavy debt burden.In fact, it has nothing to do with her. The reason for the high debts is mainly due to the debt left over from the acquisition of Manchester United and the establishment of Ziweixing Global Group.
"Principal + interest", $7 million will be paid next year.
To raise such a large amount of money, it is impossible to rely on salary, and must go to the financial market to raise funds.Either go to the market to sell stocks, or continue to mortgage assets for loans.
For Zhou Buqi, this is actually not a big problem.
Not to mention other assets, he already owns 98 bitcoins alone.Mining machines are still mining, and the number will increase.
This is free money, don't want it for nothing.
These billions of dollars in debt are not worth mentioning at all.
"If you really can't get the dividends, then continue to borrow money." Zhou Buqi was afraid that she would worry, and said with a smile, "Borrowing new debts to exchange old debts, after all, this year. I guess it will start next year. The capital market will vigorously pour into the tide of the mobile Internet. At that time, Pluto Capital and Neptune Capital will no longer have to worry about their performance not meeting their standards. This is the difficult time of this year. After this year, Everything is getting better."
Zhen Yu bit her lip lightly and did not speak.
It seems that there are other plans.
On the other side, Baoshan, Wanran and the others were watching a movie. It was Marvel Pictures' new film "Thor", and the sound was a bit loud.Zhou Buqi pulled Senior Sister Zhen Yu, went to the wine cabinet at the back of the plane together, poured two glasses of wine, and asked with a smile: "Senior Sister, how do I see that you have other ideas?"
Zhen Yu sighed softly: "It's not okay to borrow money like this. If I had known that the economic environment this year would be so bad, I wouldn't have borrowed so much money to buy luxury real estate..."
"What's that called?" Zhou Buqi immediately refuted her erroneous thoughts, "Buying a house is for living, and making money is for spending? Isn't it just owed some money? For our family's financial resources , what is it?"
Zhen Yu rolled his eyes at him, "If Teacher Wen, Aunt Xue, and Wu Yu know that the family has 7 million US dollars in principal and interest to be paid next year, do you think they will be worried? There is still 2 million US dollars of pocket money for the family, and then I will keep it. Put down a $1 million reserve fund... next year, the family's financial hole may be worth $10 billion."
Zhou Buqi smiled and said, "Don't tell them, we will solve it ourselves behind closed doors."
Zhen Yu said softly, "I have two options now."
"Oh?"
"One, get back the money lent to Jieyu Media and Taizun Real Estate. Now that they have completed the listing, they have raised a large sum of money, and it is time to pay back the money."
"Well, that's fine."
Zhou Buqi nodded, feeling that at this stage, the debt can be recovered.
Previously, in order to support Jieyu Media’s platter investment plan in Hollywood, it borrowed 5 million U.S. dollars; in order to support Taizun Real Estate’s rapid expansion plan, it also borrowed 4 million U.S. dollars.
Now that these two companies have been listed one after another, it is time to pay back the money.
Even the principal with interest can recover at least 10 billion US dollars.
The $10 billion financial hole next year will be filled in one go!
Senior Sister Zhen Yu continued: "However, this is a temporary solution, not the root cause. The foreign debt can only be collected once, and once it is recovered, there will be no next time. Therefore, compared with collecting foreign debts, finding new income-generating projects is the most critical."
"New project?" Zhou Buqi's expression was a bit complicated, "Sister, this kind of large sum of hundreds of millions of dollars is fast in and fast out... This can only be a financial project."
"Yes, it's a financial project." Annoyance flashed across Zhen Yu's fair face, "I'm going to do European debt again!"
"European debt?"
Zhou Buqi laughed out loud.
Zhen Yu said angrily: "Pluto Capital and Neptune Capital were originally operating well, but there will be some accidents this year, mainly because of the impact of the European debt crisis. The loss of profits brought by the European debt to our family can only be obtained from The European debt has earned back its losses!"
"Have you figured it out? Do you really want to continue to engage in European debt?"
"Well, I'm raising money. I've given up on buying a house in Switzerland to save the money. I'm going to have $5 million in available funds, minus some necessary reserves, and I'll give it a try!"
"Okay, anyway, it's a sure-fire deal."
"Stable profit without loss?" Zhen Yu was quite serious at first, but when she heard this word, she immediately burst into a smile, "How can you be like this, the European bond market is the riskiest market in the world, and all the big capitals in the world The world's top economists, financiers, and bankers are all cutting up this new big cake of interest!"
Zhou Buqi didn't care at all, and said calmly and firmly: "Anyway, we only need to stick to the two bottom lines. The euro will not collapse, and the EU will not abandon Greece. The biggest risk is not the debt default, which will lead to national debt becoming Waste paper. In our place, there is no such option!"
Zhen Yu said very cautiously: "Now there is a new hidden danger. Germany is about to change its term. The new candidate is not on the same side as Merkel. Once Merkel fails to be re-elected, Greece will lose its big backer. Probably because geopolitical dangers turned into financial dangers."
Zhou Buqi said: "There is no need to worry so much. Even if Merkel steps down, the EU cannot give up on Greece."
"Anyway, Greece is in danger again now. Their national debt yield has reached 100%. The big capitals in the world are frightened and dare not enter the market." Zhen Yu shook her head lightly, "This is no longer an investment. It's just a gamble."
The yield of US treasury bonds is around 2%, and that of China's treasury bonds is around 5%. Greece's treasury bonds are 100%. With such exaggerated yields, who would dare to buy them?
If you buy it, it will become waste paper!
In fact, hedging can also be used to reduce risk, buy Greek government bonds with the left hand, and buy default risk hedging contracts such as CDS with the right hand to complete the hedging.
However, the prices of these hedging contracts have reached an unimaginably high level, and there are no more arbitrage opportunities.
In other words, buying Greek government bonds at the current stage has completely lost its rational protection, and it is all about rushing forward desperately.
Zhou Buqi didn't care, and said with a smile: "100% yield, doesn't that mean that if you buy 5 million US dollars this year, you don't need to complete the long-short position strategy, hold it at ease, and it will become 10 billion US dollars next year?"
"more or less."
"What a great business, let's do it! Sister Zhenyu, you know, no matter what you do, I will support you!"
"What if..." Zhen Yu was still a little worried, "What if the contract is really breached and the 5 million dollars is for nothing?"
Zhou Buqi laughed, and leaned over to kiss her on the cheek a few times, "It's nothing but nothing, so what? It's only 5 million US dollars, and our family can't afford it. Do it. Go! I support you!"
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