Shenhao started as a military training anchor
Chapter 488 Debt Crisis
When Holly mentioned his intention to buy the Inter Milan team, his wife and Zhong Yiwen both looked at him in surprise.
After all, this is a multi-billion dollar business.
Holly held their shoulders and smiled, "Don't worry, although your men are rich, they are not stupid either.
This time I mainly came to chat with the club chairman, and a professional team will be asked to evaluate the investment value later.
What's more, I'm not planning to acquire it wholly.
With 10 billion cash in China, I can make a lot of money. "
"Sir, he always does things safely." Zhong Yiwen said.
Holly smiled and nodded, and took the two women to the restaurant for dinner.
After a good rest at night, I went to the Inter Milan club the next morning.
Club chairman Zhang Kangyang and club CEO Marotta were waiting at the door with the club's senior officials.
Holly got out of the car and Zhang Kangyang came up with the club leadership.
"Mr. Huo, it's a pleasure to meet you and welcome your guidance." Zhang Kangyang welcomed him warmly.
Holly himself quite admired him.
He is a down-to-earth rich second generation man.
In the past few years that Inter Milan has been run by him, its losses have been decreasing year by year. If it were not for two ridiculous things last year, it would have reached breakeven.
And led Inter Milan to win five championships in two years and reach the Champions League final.
In addition, his father Zhang Jindong dumped Suning's mess on him. It can't be said that he turned the situation around, but at least Suning is still there.
This young entrepreneur is capable and courageous.
"Nice to meet you, Mr. Zhang." Holly called.
"Hello, Mr. Huo, welcome to Inter Milan Club." CEO Marotta gave a warm hug.
"Thank you!" Holly smiled and nodded.
"Mr. Huo, since the team is playing at home this afternoon and the players are preparing seriously for the game, I apologize for not coming to welcome you." Zhang Kangyang said.
Holly said: "Just in time, let's take a look at the scene this afternoon."
"Hahaha, yes, Mr. Huo, sit down in the office." Zhang Kangyang invited.
"Please!" Holly extended his hand and followed the club's senior management to the board meeting room.
Holly sat down and drank tea, and Zhang Kangyang handed over the details of Inter Milan's financial situation in recent years to Holly, "Since Mr. Huo intends to acquire or invest in Inter Milan, we will get straight to the point.
They are all Chinese, so communication is more direct. "
Holly smiled and took it.
In the past three years, Inter Milan's financial situation has improved year by year.
In the 20-21 season, the loss was 2.5 million euros.
In the 21-22 season, the loss was 1.4 million euros.
In the 22-23 season, the loss was 8500 million euros.
In 23, the club's revenue reached 4.25 million euros, and ticket revenue alone exceeded 8000 million euros.
This ability to attract money is considered top-notch in Serie A.
"It can be seen that Mr. Zhang has made great efforts to improve the club's financial situation in recent years." Holly said bluntly.
Zhang Kangyang looked at the sitting directors and said modestly, "It is the joint efforts of our team.
If it hadn't been for the sponsor's default last year and Skriniar's backstabbing, we would have broken even.
I am very confident that this season we can ensure that the club will break even and even make a profit. "
Holly nodded and said, "Mr. Zhang is passionate about football."
"It's true, Mr. Huo, if we just treat it as a business, I have already made a lot of money by selling it to the Arab sovereign fund for 13 billion euros.
But I led the team to win the Serie A championship and reach the Champions League final.
I also want a Champions League title. "
Zhang Kangyang is ambitious.
This season Serie A has played 17 rounds, and Inter Milan is still firmly at the top of the list, with great hopes of winning the championship.
But it’s hard to say for sure whether the next Champions League will reach the final again. But one thing is certain, Inter Milan is very strong now.
Holly nodded slightly and asked with concern: "When will your loan contract with Oaktree Capital expire?"
Zhang Kangyang said bluntly: "It's almost time. If it weren't for this money, I wouldn't consider selling the team."
In 21, in order to solve the debt problem, Inter Milan borrowed 2.75 million euros from Oaktree Capital in the United States with an annual interest rate of 12%. After three years of maturity, it will need to pay 3.5 million euros to Oaktree Capital with interest.
The team that has just made up for its losses has to face such a large debt again, and the club management must be anxious.
This is also the reason why Zhang Kangyang took the initiative to find a buyer.
Others quoted prices, but he was a little reluctant to give up, even though he had made a lot of money.
There is still that feeling.
Not reconciled.
After running the club for many years, everything is going well for the club and there is hope of winning the Champions League. It would be too cruel for him to sell it at this time.
Holly knew how he felt.
Holly said bluntly: "Mr. Zhang needs to give me a clear attitude now.
Do you want to sell the team, or do you want to find partners to solve the current debt crisis together, overcome the current hurdle, and continue to achieve better results.
In other words, you are more inclined to continue borrowing to solve the problem.
If it is borrowing money, it is better to solve it. I can lend you this 3.5 million euros, also calculated at an annual interest rate of 12%, and the principal will be paid back with interest after three years. "
"Mr. Huo, this time I am more inclined to transfer part of the equity and seek high-quality partners." Zhang Kangyang said.
Holly said: "How much equity is Suning prepared to release?"
"20%", Zhang Kangyang said.
According to the current valuation of the club of 13 billion euros, a 20% stake is almost 2.6 million euros.
Even if Suning releases 20% of its equity, it will still control the club with 48% of its equity. The second largest shareholder is Lane Capital of Hong Kong City.
If Hawley acquires this 20% stake, he will become Inter Milan's third largest shareholder.
Holly said bluntly: "I understand what Mr. Zhang means. After returning to China, I will send an inspection team to inspect it. It will probably take some time to give you an accurate answer.
However, I promise to give you an accurate response before the contract between the club and Oaktree expires, so as not to delay the normal operations of the club. "
"Thank you Mr. Huo." Zhang Kangyang stood up and shook hands with Holly.
After talking about acquiring the team, the two sat and chatted for a while. After lunch, they went to the stadium podium to watch the 18th round of Serie A, Inter Milan versus Lecce.
No suspense.
Inter Milan is too strong on paper, and Lecce is a mid-to-lower team.
But what Holly didn't expect was that Argentina national football forward Lautaro showed his real thigh strength in Serie A. He scored a hat trick in this game (scoring three goals).
Zhang Kangyang's joy is beyond words.
Facing Holly as an investor, the team playing high-level games will definitely be beneficial to financing.
"Not bad." Holly smiled and nodded in affirmation.
After the game, I followed Zhang Kangyang to the lounge.
The players still have great respect for him as the club president, and they opened champagne to celebrate when they entered the room.
"We haven't won the championship yet! Everyone, please calm down a little bit." Zhang Kangyang introduced Holly in a strong voice, "Let me introduce to you, Holly, a famous Chinese investor and young entrepreneur.
He may also be our shareholder or your boss in the future.
Everyone welcomes Mr. Huo as a guest at Inter Milan Club. "
The players applauded enthusiastically.
Lautaro and Sensi directly lifted Horli up, and a group of teammates also ran over and lifted him high in celebration.
The team atmosphere is very good.
The cohesion of a championship team depends on the team atmosphere displayed behind the scenes.
Zhang Kangyang, the club chairman, is a good leader.
Holly was put down firmly by the players and praised, "Guys, you played great tonight. You guys showed me the strength of a championship."
(End of this chapter)
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