Winning the new financial era

Chapter 382

After Zhang Yida reached a deal with Li Hengbo, the latter came forward to chat with Li Yonghong.

On behalf of Temasek, Li Hengbo set out several loan conditions to Li Yonghong.

Li Yonghong was required to first use domestic assets, including shares and real estate, as collateral.

After the delivery of AC Milan's shares is completed, the loan collateral will be changed into AC Milan's shares.

At the same time, he also took out an agreement, which contained a variety of dazzling clauses, including interest rates, penalty interest, loan default disposal methods, club compulsory takeover procedures, and so on.

After seeing it, the lawyer hired by Li Yonghong shook his head again and again, calling it too exaggerated.

Li Yonghong's face was also a little ugly, this is simply taking advantage of the fire!

Li Hengbo wasn't too pushy, as if you liked to sign or not.

Li Yonghong finally said that he would go back and think about it, and did not sign the contract immediately.

After Zhang Yida heard the news, he said to Li Hengbo, "Okay, let's do this first! Let's see how he chooses."

For Zhang Yida, it doesn't matter whether Li Yonghong takes the bait or not.

It is of course best to be hooked. It is better to make me cheaper than the US emperor, so as to avoid the loss of Chinese assets.

Don't take the bait and don't force it, after all, this kind of thing can't be forced.

However, Zhang Yida's offer was much more generous than Elliott's.

In his previous life, Elliott only gave Li Yonghong a symbolic compensation of "US$2", while Zhang Yida offered a price of US$200 million.

In addition, in terms of interest rates, including various penalty interest rates, the highest annual interest rate is only 20%, which is still much lower than Elliott’s 23%.

If this is the case, Li Yonghong still chooses to borrow from Elliott, and Zhang Yida has no choice.

After the episode of Li Yonghong ended, Zhang Yida turned his attention to Tottenham again.

Despite the public opinion and fan demonstrations, Levi and Lewis did not end their contact with Zhang Yida.

It's just that the two sides did not meet again, but arranged for the subordinate team to meet.

Zhang Yida is not so keen on buying Tottenham now.The first is that the price offered by the two Jews was too dark, and they still refused to let go;

The second is that there is an extra AC Milan as an alternative;
The third is that after visiting various Chinese-funded clubs, he realized many practical difficulties.

Football doesn't mean that you can play well just by having money.Of course, if you learn from the local tyrants in the desert, you can definitely achieve certain results by burning money for a long time.

The point is, the current strength does not allow him to do so.

At present, the outside world says that he is a billionaire.

But he is very sober, and now he is only a small success in entrepreneurship.The so-called [-] billion assets are also very watery.

He is now able to come up with more than 20 billion US dollars in cash without selling assets or pledging equity.

Moreover, it will take some time to raise enough money to sell and redeem the various bonds, stocks, equity, real estate, and hedge funds purchased by the family office.

Part of the money used to acquire the football team also comes from the family office.

The highest price he can bear for Tottenham is 12 billion pounds, which is 1 billion yuan, close to 8.3111 billion yuan, based on today's exchange rate of 99.73:100.

ENIC Group holds 85.55% of Tottenham's shares, and taking this part of the shares can be regarded as controlling Tottenham.

Zhang Yida's family office has to spend at least 20 billion yuan, while others use fund raising and financial leverage.

In his previous life, Cai Xin spent US$23.5 billion to acquire the Nets and also used the family office-Blue Pool Capital.

Founded in 2014, Blue Pool Capital (Blue Pool Capital) is a family wealth fund jointly established by Jack Ma and Ahri Baba’s core founder Cai Xin and others. It is not well-known and its office address is in Central, Hong Kong.

According to media reports, Zhang Ying, the wife of Jack Ma, once complained to her friends that Bluepool Capital was not efficient and suggested hiring another fund manager to engage in "horse racing".

Cai Xin is a Canadian citizen. Most of the acquisition of the Nets is to use the NBA to break into the upper class of the United States.

At the same time, the commercial value of the NBA league is increasing year by year, which is also a very good target for the family office's idea of ​​diversifying investment.

To put it bluntly, it means that the United States puts some assets, and the rabbits have three holes.

Zhang Yida didn't have such ulterior motives when he wanted to buy Tottenham.

What I want is to use the football club to open up the situation and become a bridgehead to enter Europe.

Musical.ly, and others, want to be a global technology company.On the one hand, it is inseparable from technological innovation and superb operations, and on the other hand, it also requires the founders to actively increase their global popularity.

In addition, Premier League clubs such as Tottenham are also in good financial condition, and they have all begun to generate blood on their own, getting rid of their dependence on the boss.

In the 2016-17 season, 20 of the 18 Premier League teams achieved a pre-tax profit.

A football club with an annual profit of tens of millions of pounds and a growing commercial value is considered a high-quality investment target.

Levi's shrewdness is also well-known throughout the Premier League. Tottenham's performance has been a mess in recent seasons.

In this case, after he let go to 20 billion pounds, he never let go.

Zhang Yida felt helpless when he heard the offer.

Tottenham have not yet reached their peak. In two years, they will enter the Champions League final, with annual revenue exceeding 4 million pounds and annual profit exceeding 1 million pounds. Wouldn't they want to offer 40 billion pounds?
Zhang Yida asked the negotiators to continue negotiating with Tottenham, while he returned to China.

……

On January 1, local time in the United States, Yimindai submitted a prospectus to the US SEC.

According to the prospectus, Yimindai plans to be listed on the New York Stock Exchange under the stock code "YMD", with a proposed maximum fundraising amount of US$5 million.

Morgan Stanley, Bank of America Merrill Lynch, Goldman Sachs, and CICC are the underwriters for this listing.

Stimulated by this news, Miaofenqi CEO Lu Min also launched the Pre-IPO round of financing.

As a shareholder of Miaofenqi, Ruixiang Digital Technology Group was also invited to participate in the financing meeting.

Zhang Yida wanted to send Lan Lan to the meeting, but Lu Min invited him by name.

So he had no choice but to attend the meeting in person, and take a look at the medicine sold in Lu Min's gourd.

At the beginning of 14, Lu Min came to his door and introduced the business model and prospects of Miaofenqi.

Zhang Yida gave him 800 million yuan to help Miaofen complete the angel round of financing and obtained 20% of the company's shares.

At that time, the relationship between Zhang Yida and Lu Min was quite good.

When Magic Treasure Pay formed the college promotion alliance, Lu Min also asked Miaofenqi to help as an agent in the major campuses;

In the early stage, Miaofen developed campus installment shopping and lacked funds. Yimin Wealth Management and Yimin Wealth also helped to raise funds.

Later, Leech Financial became a shareholder of Miaofenqi, and the relationship between Ruixiang and Miaofenqi became more subtle.

Lu Min, who used to send WeChat with him a lot earlier, and talked about starting a business, didn’t contact him very much anymore.

Zhang Yida still remembers that in the past, whenever he posted a post on his WeChat Moments, Lu Min would always like it and comment on it.

Now the eggs are gone!It's just that realistic.

Miao Fenqi itself has also developed quite well, as fast as in the previous life.

Including the angel round invested by Zhang Yida, four rounds of financing were completed in 14, with a total amount of tens of millions of dollars;

In 15, completed the D round of USD 1 million and the E round of USD 2 million.

The general financing situation is like this. Ant Financial has invested in the E round, which is almost a year and a half ago.

Ruixiang Group only invested 800 million in angel investment, and did not make follow-up investment later, so the shares were diluted to only 10.24%.

The Bentley Mulsanne parked at the downstairs of the Qingkong Habitat Building, and Qian Li opened the door for Zhang Yida, "Mr. Zhang, we're here!"

Zhang Yida opened his eyes and stopped thinking about Miaofen.

After getting off the car, I straightened my clothes and walked into the building.

Arriving at Miaofenqi Company, under the guidance of the front desk, Zhang Yida walked towards the meeting room.

Zhang Yida lamented that in the past, Lu Min either went to the elevator or went downstairs to greet him.

Now the wings are really hard!It should be said that the backing is relatively hard.

Zhang Yida walked into the meeting room and began to look around.

Yo, many acquaintances!

Zhou Yahui of Kunlun Wanwei, Wu Shichun of Plum Blossom Angel Venture Capital, Du Li of Huasheng Stock... more than a dozen men and women.

"Hi everyone!" Zhang Yida greeted first.

"Mr. Zhang, please sit down!"

"Hello, Mr. Zhang!"

"In front of Mr. Zhang, how dare we call ourselves big bosses."

……

The others responded with a smile.

Lu Min forced a smile, "Mr. Zhang, long time no see!"

Zhang Yida sized Lu Min up. He hadn't seen him for more than a year, and he had changed a lot.

A young man from a small town in the past, now wearing high-end suits and expensive watches... he looks like a successful person.

Seeing that everyone was greeting Zhang Yida, a 35-year-old bespectacled man sitting under Lu Min shrugged and said, "It's time for the meeting, let's catch up later!"

Zhang Yida took a look at this person, thinking he didn't offend you, why are you so weird.

This person didn't say hello to me just now, could it be someone from Leech Golden Clothes?
"Okay, all the shareholders are here. The financing meeting can also start."

Then, Lu Min asked the beautiful female secretary to send a financial statement to the investors and shareholders present.

Zhang Yida casually glanced at it a few times, startled.

In 2016, the revenue was 14.42 billion yuan and the net profit was 5.77 million yuan.

The revenue is much lower than that of Yimindai, even less than one-third of that of Yimindai, but the net profit is almost the same.

In other words, the net profit margin is three times that of Yimindai.

Lu Min sat in the first place and said, "2016 is a year for Miao Fen to turn around.

In accordance with the requirements of national laws and regulations, Miaofen has withdrawn from the campus market and faces the social market...

During this year, we turned losses into profits and created a net profit of nearly 6 million yuan.

Here, I would like to thank all employees for their efforts, as well as shareholders and partners for their support and companionship.

In addition, our shareholder Leech Financial Services has given us great help during the transformation process of Miaofenqi.I am so grateful personally and as a company. "

Speaking of this, Lu Min looked at Zhu Chao, the senior investment director of Leech Financial Services, and said with a smile: "I also thank Mr. Zhu, who has introduced so many resources to the company since he became the director of the company."

"It should be!" Zhu Chao smiled modestly.

"Okay, let's talk about financing again! This financing is the last round of financing before Miaofen's listing."

Lu Min jokingly said again: "Shareholders who want to cash out quickly!"

"According to the rules, angel investors should withdraw first!" Zhu Chao pointedly looked at Zhang Yida.

"That's right, our Blue Run Ventures came in late, and the shares are only a few points, and one set is gone."

Other shareholders also echoed their voices, complaining and complaining.

"Among the shareholders here, Ruixiang has the least investment. And it has never followed the investment. Since it is not optimistic, it is better for everyone to withdraw early."

Zhu Chao was the first to attack, and gave Zhang Yida a provocative look.

The other investors didn't make a sound. Leech Financial Services dared to offend Zhang Yida, but they didn't dare. After all, the Ruixiang and Huayi departments have become popular in the venture capital market.

They secretly looked at Zhang Yida, paying attention to his reaction.

Zhang Yida smiled, feeling like a Hongmen banquet!

(End of this chapter)