Winning the new financial era

Chapter 526 Practical Manual
Just when domestic netizens were appealing for their grievances and shouting for "the Chinese businessman who bought AC Milan was framed by foreigners"!
An article titled "Li Yonghong, a businessman from Hong Kong, China" was published!

Li Yonghong, born in 1969, was born in Huazhou, Guangdong Province. He immigrated to Hong Kong in 1994 and served as the general manager of Hong Kong Lishi Group. This group also invested in Qiong Province Real Estate Development Company...

On the surface, this is a man who got rich first.

Later, the description about him became intriguing.

He was wanted as an accomplice in the illegal fund-raising case of Huazhou Green Mountain and River Manor in 2004. The main traders were his father Li Naizhi, his eldest brother Li Hongqiang, and his younger brother Li Yongfei...

In 2011, Li Yonghong bought Duolun shares with 3.6 million yuan.

In 2012, Li Yonghong was publicly condemned by the Shanghai Stock Exchange and fined 60 yuan by the China Securities Regulatory Commission for illegally buying and selling the shares of Duolun shares in a listed company and failing to report the information on the sale of shares.

Due to "unable to get in touch with Li Yonghong", the Shanghai Stock Exchange can only deliver a letter of intent for disciplinary action to the company in the form of an announcement.

It was reported in 2013 that Li Yonghong was also suspected of playing "dual identities" in the capital market...

Borrowing from netizens' descriptions, this is a capital vulture!
In 2017, the businessman became famous in one fell swoop through the acquisition of AC Milan for 7.4 million euros!
According to a report from Gazzetta dello Sport, Li Yonghong invested 9.11 million euros for Milan.

Of the 9.11 million euros, 7.4 million euros were used to acquire club shares, 9000 million euros were used to fill the club's financial deficit last season, 1000 million euros were provided free of charge, and another 7100 million euros were invested in Milan's capital increase.

According to reports, Li Yonghong spent several months in Europe and the Middle East looking for buyers for AC Milan, but no one wanted to have anything to do with him.

The main reason is Temasek's loan, which has an annual interest rate of more than 20% and is a "payment in kind" loan.

Li Yonghong was allowed to pay interest in cash instead of cash for an extended period of time on the debt, which meant that the longer it took to repay the debt, the higher the debt would be.

This became an obstacle for Li Yonghong to continue financing, and it was also the last straw that broke the camel's back.

Today, Temasek has officially taken over AC Milan at the cost of "3 million euros in principal + 0.9 million euros in interest".

It is conservatively estimated that Li Yonghong lost at least 3 million euros in this acquisition.

For Li Yonghong, this was the most unsuccessful capital operation among his many attempts.

……

After reading this article, many melon eaters stopped talking and silently deleted the "inappropriate remarks" they had posted online.

This horse is a "fraud habitual criminal" and "leek harvester", and he is really blind to defend him because of himself.

Except for a small number of domestic AC Milan fans, most people think that Li Yonghong really deserves it.

Fighting geese all day long, you will be blinded by geese in the end!

And AC Milan fans feel that Li Yonghong has spent real money in AC Milan after all. He neither owed the players' salaries nor sucked blood from the club. He is considered a good boss.

The so-called buttocks are different, and the words are also different, nothing more than this.

……

"Brother, you are putting our Temasek on the fire!"

Li Hengbo's tone was full of resentment. He originally thought that setting up a hedge fund with Zhang Yida to lend usury would be easy and profitable.

But until this moment, he didn't know how much thunder he had helped Zhang Yida.

A few days ago, Chinese public opinion was condemning Singapore and Temasek, and the upper echelon of the family almost wanted to intervene, but he stopped it.

Of course, Zhang Yida didn't let him down either, as soon as he made a move, he wiped out Li Yonghong's background.

At present, the incident has almost subsided.

However, Temasek's reputation has still been affected a little bit. In the future, when they cooperate with them, it is estimated that they will have to be careful.

"What kind of fire is roasting on it?"

Zhang Yida smiled, "You Temasek didn't make less money this time, did you?"

Li Hengbo spread his hands, "It's not necessarily true, AC Milan is in a bad situation now, the former prime minister and Li Yonghong messed up the club's finances.

Even if we want to increase investment, we are still limited by the Financial Fair Play Act.

At present, the club is still carrying UEFA's punishment on its back, and it has not even been able to play in the European war. It is even more difficult to get out of the quagmire. "

Li Hengbo poured a glass of red wine on his own, and half-lyed on the sofa to taste it.

"I said, brother, do you regard me as your own home?"

Li Hengbo laughed and said, "The shareholders are here, you, the chairman of the board of directors, don't even serve a glass of bouillon, isn't it justified?"

Zhang Yida smiled, knowing that this son-in-law was sometimes cynical, so he was not surprised.

"Do you know how Paris Saint-Germain circumvented FFP and played UEFA?"

Li Hengbo sat upright, looking very interested, "How did you play? Tell me quickly."

Zhang Yida didn't speak, but walked aside.

"Hey, why did you stop talking halfway?"

Zhang Yida poured a glass of red wine, then sat back on the sofa, "It's a long story, I want to moisten my throat first!"

Li Hengbo: "..."

"To understand simply, this Financial Fair Play Act does not restrict you from spending money, but just does not want you to go bankrupt!"

Li Hengbo smiled and said, "Can you still understand that? I originally thought it was to prevent Jinyuan Football from poaching people without restriction, which would directly lead to abnormal prosperity of the industry?"

"It's not wrong for you to understand that!"

Zhang Yida looked out the window, "This bill was proposed by the then UEFA President Michel Platini in 09, with hundreds of pages of content.

And use specific figures to set the upper limit of accumulated losses: in the three seasons after the start of the 2011-12 season, any team participating in the Champions League or the Europa League must ensure that the club's accumulated losses shall not exceed 4500 million euros.

In the following three years, starting from the 3-2015 season, the upper limit of losses will be reduced to 16 million euros.

3000 million euros is not enough to buy a better player! "

Li Hengbo nodded, "That's right, a typical head-slapping decision, there is no classification between the wealthy teams and the civilian teams, and they are all based on a loss standard.

No matter the income of the rich teams in terms of ticket income, game broadcast income, or team peripheral products, etc., is far higher than that of civilian teams.

This makes it difficult for civilian teams to increase their competitiveness with wealthy teams by purchasing high-level players.

Even if excellent players are cultivated through their own youth training, it is difficult to resist the giants' teams poaching the leading players with high transfer fees and salaries.

If it goes on for a long time, I am afraid that the gap between the rich and the poor in the club will widen.It's just those teams winning the championship. Everyone is tired of watching it, and there is no sense of expectation at all. "

Zhang Yida nodded, "There is also a free zone for spending money. The expenditures on stadium development, youth player investment, and fan development will not be included in the Financial Fair Play assessment."

"This is the only humane place. The Financial Fair Play Act should have been mainly aimed at local tyrants like Chelsea and Manchester City."

Zhang Yida thought about it, and it seemed that this was indeed the case.

"Let's talk about Paris Saint-Germain's practice of increasing the team's income through huge sponsorships, which is open source.

The best accounting firm was invited to "do the accounting", which is saving money!

Buying and selling player balance items is also a technical job!

Do you know how Neymar joined Paris? "

Li Hengbo shook his head, he really didn't understand the inside story, it seemed like a sky-high transfer.

Zhang Yida said: "Then let me tell you that the consortium behind Paris Saint-Germain paid a huge amount of money by hiring Neymar as the image spokesperson.

As a result, Neymar bought out the 2.22 million euro contract with Barcelona on his own and joined Paris Saint-Germain as a free body. "

Li Hengbo laughed, "This operation is also a show! The club lost more than 2 million yuan in one fell swoop."

"What's more, in Mbappe's transfer, first take the form of loan to avoid the three-year review cycle from 2015 to 2018, and then spend money to buy.

In addition, the transfer fee is regarded as an asset, and then amortized according to the contract period signed with the player.

Now all clubs like to sign long-term contracts, just to spread the financial losses caused by transfers. "

Zhang Yida said with a smile, "If the matter can't be settled, there is still the most ruthless move, which is to play tricks on UEFA."

"Arrogance?" Li Hengbo asked puzzled.

"In 2014, Paris Saint-Germain and Manchester City were found to have a loss of nearly 2 million each.

At that time, UEFA was very tough and prepared to expel the two upstarts from European competitions according to the law.

Seeing that disaster was imminent, the local tyrant lost his temper in an instant.

Manchester City and Paris immediately stated that we will find the 50 best lawyers in the world and sue UEFA for 10 years.

Hearing this, UEFA Secretary-General Infantino immediately gave up.

Of course, on the surface it still stated that it would be business-like, but in private it reached an agreement with Manchester City and Paris, and the sentence was lenient.

The head of the UEFA Financial Control Agency at the time protested by resigning after hearing about the incident.

Then it's useless!If you have money, you can do whatever you want! "

After hearing this, Li Hengbo suddenly had a plan in mind.

Ask Zhang Yida: "What do you want to do next? Learn from oil tycoons?"

Zhang Yida shook his head, "It won't be as exaggerated as they are. After Ronaldo is in place, just build a lineup around him that can enter the Champions League."

Li Hengbo nodded, he was most afraid that Zhang Yida would not treat money as money, and follow the example of oil tycoons who spend money to invite fame.

To do that, Temasek can only withdraw.

Singapore has been able to develop from a small country to a developed country because of its pragmatism.

"By the way, are the shares transferred to you now? Or should they continue to be held by Temasek?"

Zhang Yida weighed the pros and cons in his heart, and it seems that now is not a particularly good time to expose.

Forget it, I'm afraid of being an egg, Li Yonghong wants to jump up and down and let him make trouble.

It's not me who cheated him, but Temasek!People all over the world know this.

"Okay, let's distribute the equity held by the hedge fund as dividends!
According to the club's current valuation of 4.5 million euros, the fund's floating profit is 1.5 million, and the share ratio is 9 to 1. As GPs, you still hold 1% of the fund's shares.

For the new capital of 5000 million euros, each of our two companies contributed half of it.

99.93% of the shares, I get 91.33%, you get 8.6%.

Do the math yourself, is this number right? "

Li Hengbo nodded, "I've done the math, it's not wrong!"

"There is another problem!"

He then asked Zhang Yida: "Cristiano Ronaldo will also be brought in, and in addition to building a lineup, it is estimated that an investment of 3-5 million euros will be required.

According to your description just now, let Ruixiang and Temasek invest in the form of sponsorship? "

Zhang Yida nodded with a smile, his comprehension ability is quite fast, and he can practice it!
(End of this chapter)