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Chapter 1908 Financial Hole

Two days later, Klopp came to London and met with boss Zhou to talk about Manchester United's future team building plans.

Then, a verbal commitment was made.

The annual salary doubled directly to 5 million pounds before tax.

The signed contract is a "5+1" six-year period.

The media in the UK are powerful, but Zhou Buqi only reached a verbal commitment. Manchester United has not yet issued a formal document, and similar news has been spread all over the street.

Basically, the rumors are getting more and more reliable, saying that Manchester United may choose German coach Klopp to succeed the great Sir Alex Ferguson.

This incident did not cause any trouble to Zhou Buqi. After all, he accomplished a major event.

Next, I will return to China to prepare for the launch of Yuanwei Milk Tea in Hong Kong.

Senior Sister Zhen Yu and Sister Bao Shan, as the core members of the original milk tea chain store, will also go back to witness this memorable moment together.

The only pity is that the European debt crisis has become increasingly troublesome.

This will inevitably affect the capital market.

On the plane, Senior Sister Zhen Yu even expressed more worries, "In the first half of the year, both Pluto Capital and Neptune Capital fell into losses, with the former losing 11.5% and the latter losing 9.8%. Now, in addition to Apple's stock price and In addition to remaining basically flat at the beginning of the year, the stock prices of other major companies are basically falling sharply. Even Google’s stock price reached US$630 at the beginning of the year, and now it is only US$530.”

Zhou Buqi is not too worried about this. "By the end of the second quarter and the third quarter, the U.S. economy should start to improve. The new quantitative policy has already been implemented."

Zhen Yu nodded lightly, "Our private placement will not fall into losses, but it may be impossible to maintain a growth rate of more than 20%."

Zhou Buqi has a good attitude and behaves very calmly, "If you don't have it, you won't have it. It's impossible to maintain a high growth rate of more than 20% every year."

Zhen Yu was very anxious, "But if this happens, we won't get any dividends!"

According to the investment agreement between Pluto Capital and Neptune Capital, if the annual growth rate exceeds 20%, then as the fund manager, you can obtain 25% dividends from the income.

In the past two years, it has been more than a billion dollars each year.

Once the annual growth is less than 20%, the fund manager will not participate in dividends and the money will be gone.

"Then what should we do?" Zhou Buqi frowned slightly, "Didn't you say that the scale is too big to keep accounts?"

Zhen Yu said sternly: "We can't do the accounting no matter what. We have made too much money in the past two years. How many pairs of eyes are staring at it. We can't do it but we can't do it."

"So be it." Zhou Buqi waved his hand nonchalantly, "It's okay if we don't pay dividends. At least we can tell Wall Street that we don't always achieve great success."

"But..." Zhen Yu's delicate and fair face became bitter, "But if there are no dividends, the debt pressure on the family will be too great. This year, another US$1 billion in loans was taken out. Next year, US$300 million in debt will need to be repaid. and $400 million in interest.”

"so much?"

"Well, the family's total debt now is $5.78 billion."

Zhen Yu was a little embarrassed.

It was as if she, the housekeeper, had failed to manage the family's finances well, leading to such a heavy debt burden. In fact, it has little to do with her. The reason for the high debt is mainly the debt left when acquiring Manchester United and establishing the Ziweixing Global Group.

"Principal + interest" will pay $700 million next year.

If you want to raise such a large amount of money, it is impossible to rely on wages. You must go to the financial market to raise funds. Either go to the market to sell stocks, or continue to mortgage assets to get loans.

For Zhou Buqi, this is actually not a big problem.

Not to mention other assets, he already owns 980,000 Bitcoins alone. Mining machines continue to mine, and the number will increase.

This is free money, don’t give it away.

These billions of dollars of debt are simply not worth mentioning.

"If you really can't get the dividends, then continue to borrow money." Zhou Buqi was afraid that she would worry, so he said with a smile, "Borrowing new debts to exchange old debts will only be this year. I estimate that starting from next year, The capital market will surge into the mobile Internet tide. By then, Pluto Capital and Neptune Capital will no longer have to worry about performance failing to meet standards. This is the difficult moment of this year. After this year, Everything gets better.”

Zhen Yu bit her lip lightly and said nothing.

It seems that there are other plans.

On the other side, Bao Shan and Wan Ran were watching a movie. It was the new movie "Thor" from Marvel Studios, and the sound was a bit loud. Zhou Buqi picked up Senior Sister Zhen Yu and went to the wine cabinet at the back of the plane. He poured two glasses of wine and asked with a smile: "Senior Sister, why do I think you have other ideas?"

Zhen Yu sighed softly: "It's not okay to borrow debt like this. If I had known that the economic environment would be so bad this year, I wouldn't have borrowed so much money to buy luxury real estate..."

"What's that?" Zhou Buqi immediately refuted her wrong thinking, "Buying a house is for living, and isn't making money just for spending? Isn't it just that we owe some money? For our family's financial resources, , what is it?”

Zhen Yu rolled her eyes at him, "If Teacher Wen, Aunt Xue, and Wu Yu knew that the family had 700 million US dollars in principal and interest to pay next year, do you think they would be worried? There is also 200 million US dollars in household pocket money. If they leave any Set aside $100 million as a reserve...Next year the family’s financial hole may be as high as $1 billion.”

Zhou Buqi said with a smile: "Don't tell them, we will solve it ourselves behind closed doors."

Zhen Yu said softly: "I have two options now."

"oh?"

"First, get back the money you lent to Jieyu Media and Taizun Real Estate. Now that they have completed their listings, they have raised a large amount of money, and it's time to pay back the money."

"Yeah, that's okay."

Zhou Buqi nodded, feeling that at this stage, he could recover his debt.

Previously, in order to support Jieyu Media’s platter investment plan in Hollywood, it borrowed US$500 million; in order to support Taizun Real Estate’s rapid expansion plan, it also borrowed US$400 million.

Now that both companies have gone public, it's time to pay back the money.

At least US$1 billion can be recovered with interest.

The financial hole of US$1 billion next year will be filled in one go!

Senior Sister Zhen Yu continued: "However, this is a temporary solution rather than a permanent solution. Foreign debt can only be collected once, and once it is collected, there will be no next time. So compared to collecting foreign debt, finding new income-generating projects is the most critical."

"New project?" Zhou Buqi's expression was a little complicated, "Senior sister, this kind of large-scale project of hundreds of millions of dollars, and fast in and out... This can only be a financial project."

"Yes, it's a financial project." Zhen Yu's fair face flashed with anger, "I want to start working on European debt again!"

"European debt?"

Zhou Buqi laughed.

Zhen Yu said angrily: "Pluto Capital and Neptune Capital were operating well, but there will be some surprises this year, mainly because of the impact of the European debt crisis. The loss of profits caused by the European debt to our family can only be taken from We’ve made back our losses on European debt!”

"Have you thought about it? Do you really want to continue to engage in European debt?"

"Well, I'm raising money. I have given up my plan to buy a house in Switzerland and save the money. After removing some necessary reserves, I will prepare 500 million US dollars in available funds. Let's give it a try!"

"Okay, it's a sure-fire deal anyway."

"Guaranteed profit without losing money?" Zhen Yu was quite serious at first, but when she heard this word, she immediately smiled, "How can you be like this? The European debt market is the riskiest market in the world. All the big capital in the world , big funds are all in it, and the world’s top economists, financiers, and bankers are all cutting into this new big profit cake!”

Zhou Buqi didn't care at all and said calmly and firmly: "Anyway, we just need to stick to the two bottom lines. The euro will not collapse and the EU will not abandon Greece. The biggest risk is not a debt default, causing the national debt to become It’s just waste paper. We don’t have this option here!”

Zhen Yu said very cautiously: "Now there is a new hidden danger. Germany is about to change its leadership. The new candidate and Merkel are not on the same page. Once Merkel fails to be re-elected, Greece will lose its big backer. Maybe it’s because geopolitical risks have turned into financial risks.”

Zhou Buqi said: "There is no need to worry so much. Even if Merkel steps down, the EU will not give up on Greece."

"Anyway, Greece is now in danger again. Their national debt yield has reached 100%. The big capitals around the world are frightened and dare not enter the market." Zhen Yu shook her head gently, "This is no longer an investment. It’s just a gamble.”

The U.S. government bond yield is about 2%, China's government bond is about 5%... Greece's government bond is 100%. Who would dare to buy such an exaggerated yield?

Maybe if you buy it, it will become useless paper!

In fact, you can also reduce risks through hedging. You can buy Greek government bonds with your left hand and CDS and other default risk hedging contracts with your right hand to complete the hedging.

However, the prices of these hedging contracts have reached an unimaginably high level, and there is no opportunity for arbitrage.

In other words, buying Greek government bonds at this stage has completely lost the rational guarantee, and it is all about rushing forward with passion.

Zhou Buqi didn't care, and said with a smile: "With a 100% rate of return, doesn't that mean that if you buy 500 million US dollars this year, you don't have to complete the long and short position strategy, and you can hold it with peace of mind, and it will become 1 billion US dollars next year?"

"Roughly the same."

"What a good business, let's do it! Senior Sister Zhen Yu, you know, no matter what you do, I will support you!"

"What if..." Zhen Yu was still a little worried, "What if we really break the contract and the US$500 million is wasted?"

Zhou Buqi laughed, leaned over and kissed her a few times on the cheek, "It's just a waste of time, so what? It's only 500 million US dollars, and our family can't afford to lose. Do it. Come on! I support you!"

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