Top of the big era

The matter of Neptune Capital has basically come to an end. The next step is to look at the operation of Goldman Sachs and coordinate the investment shares of the Abu Dhabi consortium, Qatar consortium and Kuwait consortium.

Zhou Buqi mainly focuses on two things.

First, the acquisition of Manchester United.

Second, the financing of the online buyer store Farfetch and the subsequent strategic cooperation.

Zhou Buqi didn't attend the first official meeting with the Glazer family. Dad and Zhu Jun led the team, coordinating with Goldman Sachs, Barclays, HSBC and other consultant teams.

The other party shouted a sky-high price of 1.58 billion pounds, which is really greedy.

The attention of football in the UK is not much worse than that of the entertainment industry.

Moreover, everyone at Manchester United hopes that the club can break away from the control of the Glazer family, and they are secretly working hard to help Zhou Buqi.

Even the British media.

With the failure of the first round of negotiations, similar news was reported in the media.

"The vampire continues to suck blood!" "

"The last madness of the Glazer family, asking Manchester United for 1.58 billion pounds! "

"Manchester United, where do we go from here?" "

"Glazer family's asking price scares away Chinese consortium. "

"Glazer, how much money are you trying to make from Manchester United?" "

"Almost let it go, Glazer..."

The newspaper industry in the UK is very developed. Even in the age of the Internet, the sales of newspapers in the UK have not decreased. On the one hand, because it is a habit, British people have been used to reading a newspaper every morning in the past few decades; on the other hand, it is because of infrastructure.

Britain is an early developed country, so the infrastructure has been there for decades. There is no mobile phone signal in the subway, and you can only read newspapers when you take the subway to work.

Under this situation, the public opinion treatment of the Glazer family in the UK is exactly the same as when they leveraged buyout of Manchester United in 2005.

I was scolded when I bought it, and scolded again when I sold it.

Public opinion is under great pressure.

If this incident is too big to end, the pressure on the Glazer family will be too great. Although public opinion is not law, public opinion reflects social cognition.

If the case of Manchester United cannot be handled as soon as possible, the future business of the Glazer family will suffer major problems. Not to mention expanding to the UK market, it may not even be able to get out of the US.

Manchester United's influence is so great, if they make Manchester United too miserable, fans all over the world will hate them.

So, when Zhou Buqi took his younger sister Bao and two little secretaries to play in Paris for two days and then returned to Manchester, he received a notice from the Glazer family.

They hope to start the second negotiation as soon as possible!

Zhou Buqi found San Dezi and had dinner together again, "How much do you think our quotation is more appropriate?"

"this……"

"Guess."

"Well, I think ... I guess £1.25 billion would satisfy their appetite. If you don't want to waste too much time in the negotiation process and raise the offer to £1.28 billion, you can take over Manchester United sooner. "

San Dezi hesitated for a moment, but still told the truth.

At the beginning, he was the confidant of the Glazer family, and he was a professional. He provided the Glazer family's assessment of the value of the Manchester United club.

Zhou Buqi sighed, "As soon as possible, I heard that Manchester United lost an upset in the last game? The acquisition case caused panic, from Manchester United's board of directors, management, to the coaching team, to the player team. .Quickly settle this matter.”

If I remember correctly, this season Manchester United won the Premier League again, and then went all the way to the Champions League final. It's a pity that in the final, they ran into the "Dream Three" Barcelona. Ronaldinho, who lost the final, switched to Real Madrid and went to compete head-on with Barcelona.

Although San Dezi is also British, he has studied and worked in the United States for many years and can speak very fluent American English, so it is very convenient to communicate. "The Glazer family is now anxious to start the second negotiation. If it goes well , and the results should be available soon.”

Zhou Buqi waved his hand, "How much cash do I need to prepare here?"

San Dezi said: "Manchester United is currently in debt of 700 million pounds. If the transaction is 1.25 billion pounds, you need to pay them 550 million pounds."

"How much did they make?"

"a lot of!"

"how many?"

San Dezi planned and said: "At that time, they paid about 250 million pounds out of their own pockets, and the remaining 540 million pounds were leveraged loans. In the past three years, Manchester United has repaid 190 million pounds in debt. In September this year, the financial tsunami broke out , There was a problem with the Glazer family business. While selling the property, they used Manchester United to borrow 270 million pounds, and it was a usury loan with an interest rate as high as 16.5%. They took the money to save the family business. This means , They invested 250 million pounds to buy Manchester United, and now they can not only recover 550 million pounds, but also use Manchester United to help assume 270 million pounds of debt. Calculated, a total of 570 million pounds has been earned.”

Zhou Buqi couldn't help but cursed, "What the hell, the rate of return is really high!"

Three years ago, the Glazer family invested 250 million pounds. Three years later, they made a net profit of 570 million pounds, and the rate of return was more than doubled. This investment income is not lower than his expected rate of return in private equity.

Playing football can really make money!

Calling them Manchester United's vampires is really not wronging them.

San Dezi suggested: "The usury of 270 million pounds must be repaid as soon as possible. This is mortgaged by 30% of Manchester United's assets and two board seats. This problem must be resolved as soon as possible."

"Um."

Zhou Buqi nodded.

San Dezi said: "If your cash flow is sufficient, after the acquisition is completed, I can come forward to help you negotiate, communicate with the private equity of the loan, and close this contract. It is estimated that it will not cost more than 300 million pounds ...plus the £550 million paid to the Glazers, you need to prepare £850 million."

"Where are the dollars? How much are there?"

"Around $1 billion."

"Okay, that's how it's prepared."

Zhou Buqi accepted the plan.

There are still US$980 million in the family trust, which is left for the acquisition of Manchester United. For now, it's not enough. Because this case is too complicated, the fees paid to the four major investment banks Goldman Sachs, Morgan, HSBC, and Barclays, as well as KPMG accounting firm and law firm may reach 15 million US dollars.

Fortunately, he was already prepared.

Pluto Capital is already officially in operation, and Neptune Capital will soon complete its fundraising. By doing accounting and withdrawing the management fee for the next year in advance, we can raise 400-500 million US dollars, which is enough to solve all problems.

Including buying a new plane and buying a big yacht.