American Fortune Life
Chapter 1310 Thirteen blocks tall can really make money
In the palace in the sky, Andy leaned on the large and loose sofa, flipping through a stack of documents in his hand, while the assistant handed each ruby Roman grape worth 226 US dollars into Andy's mouth.
"Tsk tsk, these little devils really make money." Feeling the sweetness in his mouth, Andy couldn't help but admire.
Tori picked up a grape the size of a ping-pong ball and put it into her mouth. The delicious taste is indeed excellent. Since she was with the big devil, she has eaten a lot of good things, but this kind of foot basin is newly available. The $6,400 bunch of ruby Roman grapes given to well-known rich people is indeed the best.
"I heard that the output is extremely low. If you like it, I'll call them later and prepare more." The little assistant picked up another one and handed it to Andy's mouth, and said softly.
"Yeah. Someone send it to Ivana, and let her see if she likes it or not." Andy said without raising his head, flipping through the documents.
"clear."
At this moment, the mobile phone on the table rang. The little assistant reached out to pick it up, glanced at it, and handed it to Andy, "Boss, it's old Mr. Smith's phone."
"Oh?" Andy reached out to take the phone, picked it up directly, put it next to his ear, and greeted with a smile, "Good morning, grandpa."
"Hehe, good morning, where are you now?"
"On the plane, it's flying to Paris, what's the matter?" Andy asked with a slight frown.
"It's not a big deal. A sponsor intends to sell assets and wants me to ask you if you are interested."
"Oh? Let Grandpa make this call. It seems that this business is interesting." Andy was a little curious.
"Hehe, the Yellowstone Club is in financial crisis and has already filed for bankruptcy protection. Adera intends to sell all assets to pay off debts. Are you interested?"
"Of course!" Andy's eyes lit up, he sat up straight, and said with great interest, "How much does she want?"
"I didn't ask more about the specifics, but it will be around 400 million to 450 million. After all, it involves a loan of 375 million US dollars. If you are interested, I will let Adera contact you."
"OK..."
After getting some information from Old Smith, Andy hung up the phone. It turned out that recently, with the plunge of the American real estate market and the decrease of new members, the Yellowstone Club's income has dropped sharply. In addition, the club's global expansion plan The failure of the company made it even more financially stretched.
The key point is the Brixseth couple who own the Yellowstone Club. They are a couple who are committed to death. Not only has their luxurious private life of spending a lot of money been criticized, they often travel around by private jet, and there are countless luxury cars under their names.
Some investors and members of the Yellowstone Club have sued them in court because of this, accusing them of enriching their own pockets during the use of the club's funds and being indifferent to the rights and interests of investors. But the lawsuit was later settled out of court.
Afterwards, from 2005 onwards, the dying couple began to blindly expand globally, embezzling the funds originally used for club affairs for other purposes, and even used them to purchase assets under their own names, which further deteriorated the club's financial situation.
Of course, the most important thing is that the couple had a falling out in August this year, a fight for the control of the club. In the end, his wife Aidla got the control, but after taking office, facing the financial turmoil, Facing the high debt, I was dumbfounded.
To be honest, Andy has coveted the Yellowstone Club, which owns about 54 square kilometers of land near Yellowstone National Park, for a long time. When he took Lima to the Yellowstone Club for the first time on vacation, he was attracted to that piece of land I didn't expect the opportunity to be presented to him like this.
Soon, the current CEO of the Yellowstone Club, Aidela, called. After the two parties exchanged a few polite words, Aidla talked about the Yellowstone Club with Andy straight to the point, asking for a price of 445 million US dollars.
Of course, Andy won't express his opinion right away.
I just told the other party that I am very interested, and I will contact the acquisition team as soon as possible. I can hear the other party's eagerness from the phone. It seems that this Yellowstone club is indeed unsustainable.
After hanging up the phone, Andy contacted Alvetrie in New York and explained the matter. Al was also very clear about his boss's hoarding of land. By the way, he wanted to report to the boss, and asked his subordinates to quickly collect information about the Yellowstone Club. information.
"Boss, the Yellowstone Club covers an area of about 5,420 hectares, currently there are 200 independent holiday wooden houses, a large ski resort and a golf course.
At present, there are 340 members. Members need to pay an annual membership fee of US$18,000 after paying a membership deposit of US$250,000. The club currently employs more than 600 people.
Two months ago, the Yellowstone Club announced a large-scale expansion plan, including building 450 new holiday homes, apartments and supporting entertainment and leisure facilities, such as luxury spas, clubhouses, baseball fields and more ski trails. However, this expansion plan has been put on hold due to the club's financial constraints.
Overseas assets include a French chateau, a Scottish golf course, a Mexican villa and a Caribbean estate.
It has collected about $88 million in fees from members since its founding and opening in 1999, and a $375 million loan the club received from Credit Suisse in 2005. The Yellowstone Club's debt is mainly due to this loan. However, due to operational and management issues, there are many problems with the whereabouts of these funds. . . "
"Hehe, man-made hole!" When Andy heard this, he immediately understood what the couple had done. However, this leisure and vacation club was not a mess. Apart from the financial chaos, everything else was pretty good.
"Al, what do you think?"
"It's a good asset with a lot of room for development. The main reason is that the membership system of this private club is very characteristic, which is very attractive to some super rich people. If the boss takes over, it will undoubtedly increase its influence by another level. Grade!"
Forceful, to put it bluntly, the Yellowstone Club’s force is very high. The membership application that was boasted to the outside world before, even Hollywood stars are not eligible to join, and the members released include Bill Gates, the former vice president, senators and other big names. Undoubtedly, it blows up the aggressive style of this private club.
If Andy takes over, it will naturally raise the standard of the Yellowstone Club to more than one level. After all, the status of the dead couple cannot be compared with Andy. In that case, Andy will let people expand the size of the club , it is even more attractive to the wealthy in the United States and even the world.
"Then send someone to talk about it. I like the scenery there. It is also a good choice to live there for a month or two every year. Hey, if possible, I really want to connect the farm and the club... "
"..." Alvetrie on the other end of the phone twitched his mouth, rolled his eyes with a black line on his forehead, and pretended not to hear. The farm is in the middle of Montana, and the club is on the lower state border. one slice?
"Cough cough." Seeing that Al didn't pick up the quarrel, Andy coughed a little embarrassingly, and then said: "By the way, let me show you the land and farms around Yellowstone Park. If it's cheap, buy more. When I buy the club, I want to build an airport!"
"Good boss." Al immediately responded. It is very reliable to build a small airport. This will be of great help to the development of the club. Solving the traffic problem will undoubtedly make this resort more popular. They all hate trouble. If you need to switch transportation back and forth for a vacation, no matter how beautiful the scenery is, they will not be the first choice.
After hanging up the phone, Andy thought more and more that this club has a lot of room for development. When the time comes, let his security company build a branch base in it, with the most beautiful scenery, the best facilities, delicious food from all over the world, the most Famous rich people, the most perfect security, tsk tsk, I believe that the Yellowstone Club will develop into the top club in the world, and it will make the world talk about it and yearn for it.
You are not a member of the Yellowstone Club, so you have the nerve to say that you are a world-class rich man?
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