From country team to giant

Chapter 101 Have You Known Hoffenheim?
Under the gaze of the crowd, Zhang Xian turned to the witnesses and said slowly:

"First of all, I would like to ask the hearing officers, what is bad debt?"

In this regard, the hearing staff all looked at each other, and one of the hearing staff engaged in the financial industry explained; "Non-performing creditor's rights refer to the phenomenon that a company's funds, commodities, technologies, etc. are borrowed or leased to other companies but cannot be recovered or recovered in a small amount."

Zhang Xian smiled in satisfaction and said, "Thank you for your explanation."

After finishing speaking, he turned to look at the chief judge, Howard, and said, "If this is the definition of bad debt, then I can tell you that Hoffenheim does not have any bad debt!"

As soon as the words fell, the audience was in an uproar again.

Is this breath too loud?

They don't know what to say when they can be so confident with a debt that is 20 times their assets.

But at this time, Zhang Xian pulled out a data file from the side and said, "This is the financial report of the Hoffenheim Club this year. It contains detailed expenditure and income!"

After Zhang Xian handed it to the hearing officer in the first row, everyone began to pass it on and read it.

At this time, Zhang Xian talked eloquently: "Hoffenheim has achieved positive financial growth since last year, and after this year's upgrade, its economic income has increased by a full tenfold!"

After the financial report was circulated in the hands of everyone, it came to the chief examiner Howard.

Howard glanced at the profit curve, and the exaggerated slope was almost straight to the sky.

And below it is a full income of 1000 million euros.

This made Howard stunned, took off his glasses, wiped his eyes, and confirmed again. .

It is indeed 1000 million euros!

Howard looked up at Zhang Xian with disbelief.

Zhang Xian smiled and said, "So, everyone is just focusing on Hoffenheim's huge debts, relying on the preconceived notion that Hoffenheim is a sixth-tier team, you think they are poor!"

"But the answer is quite the opposite. Hoffenheim is fully capable of repaying the debt this time, which is one of the reasons why the bank is willing to lend us money."

"Let me make a calculation for everyone. Hoffenheim's home stadium has moved 5000 seats after the expansion, and our recent attendance rate has stabilized at around 4000. On the basis of dividing the seats into two levels and selling them at 30 Euros and 15 Euros respectively, we can make a profit of 150 million Euros in a season's home games."

"Gentlemen and ladies! Hoffenheim's football market is much hotter than you imagined!"

"In addition to home revenue, our jersey sales can also be stabilized at 100 million euros a season."

"At the same time, with the unique environment in the Sinsheim area, Hoffenheim can benefit more commercially."

"We sold ten home advertising spaces last season, and the transaction price of each advertising space was 20 to 30 Euros, which is close to 300 million Euros in revenue."

"And the LOGO of the jersey was also sold at a price of 400 million euros and 80 euros respectively, and the home naming fee was also won by Haas Meat Federation at a high price."

"Counting these, Hoffenheim's annual net income exceeds 1000 million euros."

"These evidences all show that Hoffenheim is a good elite team with sufficient commercial value!"

Having said so much, Zhang Xian was able to breathe a sigh of relief. He turned his head to Howard and said, "Dear judge, may I ask whether Hoffenheim is qualified to repay the loan?"

Howard looked at the financial report in a daze.

It's like hell.

Which small team earns so much money, it is almost catching up with the teams in the third division of the Bundesliga.

Of course, he also suspected Zhang Xian's financial fraud, but Zhang Xian immediately took out the certificates of various income.

At the same time, he took out the bank account statement and deposit report.

Lending banks promoted Hoffenheim as a premium client, with the ability to secure more loans, the report said.

Now, Howard and the other witnesses were silent.

This is outrageous!
Which small team can make so much money!

After a while, Howard sighed and said, "Congratulations, Mr. Director, you have proved that you have the qualifications to repay the loan."

As soon as the words fell, Zhang Xian breathed a sigh of relief.

He was afraid that Howard would do something wrong, saying that the Football Association did not recognize a debt that was 20 times his own.

But Howard is far more enlightened than he imagined.

At this time, Howard suddenly said: "But you also need to explain the home violation."

Regarding this, Zhang Xian nodded and said, "In fact, before the inspection, Hoffenheim has already contacted the Sinsheim Town Hall to request the lease of the 'Filmsmore Stadium', but you also know that this is not a problem that can be resolved in a short time, and we still need to negotiate with the local officials."

Howard nodded slightly, and suddenly said; "But this does not explain the violation of the field in Hoffenheim before. We hope that Hoffenheim can solve it as soon as possible. If not, we can only regret that Hoffenheim will be suspended."

Zhang Xian frowned, the old man was right on point.

Where will Hoffenheim find a home in a short time?
'Filtsmore Stadium' is still in talks, they need some time.

I saw that Zhang Xian pondered for a moment, and suddenly said: "Sir, have you paid attention to the low-level leagues?"

Howard blinked, low-level league?

Is this broadcast?
He really didn't pay much attention.

Seeing the other party's expression, Zhang Xian said directly: "Do you know what Hoffenheim was like before the promotion? Sir, this is a country team, you can't ask her with the standards of a high-level league club."

"Until last year, they were in a state of extreme poverty."

"In order to play an away game, they took a bus without air conditioning in winter and went to an away game!"

"In order to maintain the lawn, Hoffenheim had to ask the fans for tips!"

"At the end of the game, when opposing players wanted to swap shirts, they would put on a bitter smile and say 'this is the only kit we have'."

"In order to maintain the team, they have to sell their number one star in exchange for enough working capital!"

"They have experienced failure, so they want to seize the hope of victory more than anyone else!"

"They have experienced poverty, so they cherish everything now!"

"In this difficult environment, they persisted for decades. Now, they have finally upgraded and lived a good life, but because of your words, sir, they are likely to return to the dark and long years before!"

Under Zhang Xian's eloquent speech, the entire hearing conference room fell into silence.

Howard also showed a blank expression.

Seeing the other party's expression, Zhang Xian also knew that Howard had been shaken.

I saw that Zhang Xian made persistent efforts: "Sir, it's not that we don't want to change the stadium, but the conditions at that time did not allow it. Now we have the conditions and are working hard to negotiate for this. I guarantee that next season, Hoffenheim will be able to settle in a stadium that meets the Football Association's specifications."

Finally, Zhang Xian took a deep breath and said, "Sir, what we need is a little time, and you only need to make a more humane decision to save this club."

After a period of silence at the scene, a hearing officer raised his hand and asked, "Excuse me, where are the 2000 million euros from Hoffenheim's loan?"

In this regard, Zhang Xian said truthfully: "We use it to build a training base!"

I saw that the hearing officer smiled and gave a thumbs up; "Great decision!"

In fact, they don't dislike some of the club's debt situation.

They just hate clubs cashing out, moving funds elsewhere or using the team as a pure money maker.

After Hoffenheim borrowed 2000 million euros, they all invested in the construction of the club, which also gained a certain favor from the hearing staff.

I saw that everyone began to chatter:

"I think it's okay to give them a season!"

"I don't really hate this kind of operation, after all, they use the money to build the club."

"Last year in the DFB-Pokal, I watched their game against Saarbrucken. Their home atmosphere was really great."

"I searched for the pre-match performance of that game through follow-up reports. I have to say that their TIFO performance and flag array are so cool!"

"I think this hearing can be over, Hoffenheim did nothing wrong!"

"Yes, they put the money where it should be, and they have enough credit to pay it back!"

Amidst the hearing's discussion, Howard said solemnly: "Quiet!"

The scene immediately quieted down.

Howard turned his attention to Zhang Xian and said, "Mr. Director, your eloquence has won you the support of many hearing personnel, but I hope that Hoffenheim will never be eroded by capital and still love football as much as it is now!"

A smile appeared on the corner of Zhang Xian's mouth, and said, "As you wish!"

Howard nodded with a smile, and immediately said loudly; "Now I announce that after the hearing, Hoffenheim has sufficient repayment qualifications, and the Football Association supervises that they must settle in qualified stadiums next season."

After finishing speaking, he turned his head to Michelle, the official representative who had been silent all this time, and said, "Do you have anything else to say?"

Michelle shook her head with a smile and said, "No more! This is a very fair decision!"

Howard nodded and said:

"Now! The hearing is over!"

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(End of this chapter)