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Chapter 1886 Don’t get the interest-free loan in vain
The impact of the European debt crisis has spread to Britain and the United States, and has even had an impact on Zhou Buqi's business.
For example, blind box business.
In response to the European debt crisis, both the EU and the UK started quantitative easing, causing the pound and the euro to compete with each other in devaluation. Because the EU is the UK's main export origin, and the UK is also the EU's key export market, whose currency is worth less, which one It will be more conducive to exports.
This in disguise leads to an increase in the cost of blind boxes and shrinking profits.
What's more important is that the subsequent listing plans of Jieyu Media and Yuanwei Group may suffer a blow. 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 HK$80 billion when the internal shares were restructured, and the market value at the issue price can reach HK$100 billion.
Seeing that it is about to go public, major financial institutions are a bit overwhelmed.
We can no longer take on that much funding.
This caused Jieyu Media to urgently lower its issuance price and reduce the expected scale of financing.
Even Xu Baihui, who is as fierce as she is, can't make a decision on such a big matter, so she called Boss Zhou and asked him for advice.
Zhou Buqi told her not to care too much about short-term interests.
Let’s talk about it first!
It's already 2011 now, and it will be a bull market in a few years.
If Jieyu Media abandons its current listing plan and waits for one or two years for the impact of the European debt crisis to pass before seeking to go public, even if it is listed by then, important shareholders will not be able to cash out at high levels in the bull market due to the restrictions of the lock-up period. .
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 Champions League quarter-finals. Several dignitaries from Manchester were present in the VIP seats.
I want to talk to him about cooperation.
The European debt crisis has seriously affected the British economy. All economic indicators in the first quarter have declined, which shows that the crisis has spread to the UK.
Some are even protesting.
Asking the UK to leave the EU, stop playing with those idiots from the EU, it’s so deceptive!
However, this time the British authorities withstood public pressure and did not decouple. But it became a trigger. When the refugee wave came later and the European Union issued a target requiring all member states to accept refugees, the British side really couldn't stand it anymore and completely decoupled.
This is all a thing for later, the British economy is in trouble right now.
The Congress quickly came up with a package of solutions to get out of the economic crisis, which are similar to those in China. One of them is to carry out large-scale infrastructure projects.
However, the specific implementation level is slightly different.
The British authorities have promised to provide low-interest loans and interest-free loans, and hope that companies can cooperate in carrying out some infrastructure projects to create jobs and increase GDP.
That's a coincidence.
After Boss Zhou took over Manchester United, he has been carrying out extensive construction projects.
The training base has been renovated, the reserve stadium has been expanded, and the renovation of the Old Trafford stadium is also underway on an annual basis.
Manchester United is the most representative company in Manchester and has the strongest brand. The authorities hope that Manchester United can take the lead and further strengthen infrastructure investment.
To this end, the authorities can provide interest-free loans for 20 or 30 years.
Football is not a commercial project in the normal sense. It has a certain "public welfare" attribute. Football clubs around the world can receive the most favorable local support policies.
Interest-free loans…
This attraction is really great!
Don’t don’t want it for nothing!
However, Manchester United really has no new infrastructure projects to plan.
The score in the first half was 0:0.
In the second half, Zhou Buqi sat with David Gill and discussed the matter.
"The renovation of the South Stand has been completed, and the stadium has a capacity of nearly 90,000. This will further increase Manchester United's revenue-generating ability."
David Gill may have been frightened by the previous Glazer family and did not want Manchester United to take out a loan.
Interest-free loans are also loans. There is no need to pay interest, and the principal must be repaid, right?
If the newly invested project fails, it will still be borne by the club.
Manchester United is very good now and there is no need to make any big moves.
Zhou Buqi didn't think so. His understanding of finance has become deeper and deeper. He said calmly: "Manchester United is the flag of Manchester. It has been supported and loved by local fans in the past few years. Now that Manchester's economy is declining, it has made Everyone's lives have been affected. If Manchester United has the ability to do something, it must do it! This is Manchester United's social responsibility!"
"ah?"
David Gill was stunned.
I couldn't tell for a while, and I didn't quite believe that Boss Zhou, a foreigner, would have such a great sense of responsibility and mission for Manchester.
Zhou Buqi said: "If the authorities need it and the society needs it, it must be done. You just need to think about it, what other new infrastructure projects can Manchester United develop?"
For a capitalist of his level, interest-free loans are like giving away money for free.
Even if there is no suitable investment target, it is okay to convert it into physical assets and save it. As the currency depreciates and land appreciates, the value of infrastructure assets will become higher and higher.
It's like building a building with an interest-free loan of 100 million pounds.
The loan was paid off 20 years later, by which time the building's asset value had reached £200 million.
This is equivalent to using official funds to make 100 million pounds for Manchester United in vain. This does not include the use value and revenue value brought by Manchester United's use of this building in the past 20 years.
David Gill said: "If this is the case, this summer, the Carrington training base can be further transformed and renovated to become the best training base in the world."
"Any more?"
"Renovation of Old Trafford..."
"This is not a new project."
"Well, then..." David Gill narrowed his eyes and said slowly, "Actually, there is also a hotel project."
"oh?"
Zhou Buqi's eyes lit up and he became 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 certainly a very good investment plan.
David Gill is obviously not thinking about matters in the financial field. He and Ferguson wear the same pants, and what he is thinking about is the development of football. "In the past Premier League home games, the team bus was always affected to some extent. This is a hidden danger. ."
Zhou Buqi was slightly startled, "What do you mean?"
David Gill said helplessly: "Manchester City is no longer the Manchester City it was before. Now Manchester City is very strong and is second in the standings, second only to Manchester United."
"Um?"
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 ticket prices are higher and they are more for upper-class fans. Manchester City's ticket prices are for the public and they are for lower-class fans. Among local fans , Manchester City has more fans than Manchester United."
"So insidious?"
Zhou Buqi immediately understood what was going on. He opened his eyes wide and couldn't help but want to curse.
Depend on!
British football hooligans!
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