Chapter 283

Martial Training Peak Chapter 283

Aiden Barkley feels tonight's negotiations are a bit fragile.

Because the pace is so fast, it doesn't look like you're talking about an expensive £350m media group.

On the contrary, it is as simple as buying a potato at the vegetable market.

But in fact, in tonight's negotiations with Aiden Buckley, Abel's advisory team did a lot of work quietly.

Includes real-time research and observation into the value of BT Media Group, as well as the value of some of its newspapers. The only thing truly valuable under this corporation is the "Daily Telegraph".

The Daily Telegraph is an influential national newspaper in the United Kingdom.

It was founded on June 29, 1855. In 1937, it merged with the Morning Post in England, called the Daily Telegraph and Morning Post, and later changed to its current name.

It is the best-selling of the four national 'premium' dailies in the UK. The newspaper has a compact layout and rich content, but the information is shorter than other national newspapers. In 1994, the newspaper became the first online newspaper in Europe.

Like its counterparts in the United States, the Internet emerged and entered the new century.

The British press industry was initially very developed but gradually declined.

"Daily Telegraph" at its peak, the daily sales record was 2.45 million copies. It was Victory Day in World War II and it featured the victory in World War II.

That day, newspaper sales in the UK and even around the world increased nearly twice as much as usual.

This is the highest sales volume in history and the gold content is slightly low.

However, over the long period of 40 years from after the war until 1990.

The "Daily Telegraph" can almost maintain sales of about 1 million copies. When the new era came and the Internet appeared.

The Daily Telegraph, like its peers, is suffering from falling sales.

In 2001, the average daily sales of the Daily Telegraph were only about 800,000 copies.

Even with these sales, this allowed the "Daily Telegraph" to secure first place in the daily sales of British newspapers.

The Times in second place and The Guardian in third place, their scores were even worse. The bottom line is that these newspapers are more serious and cannot allow too much advertising to affect sales. In recent years, they have even had difficulty making a profit.

Like the Daily Telegraph, the newspaper has been losing money for two years. The Times has been losing money for nearly three years.

The worst is "Guardian", which has been losing money for more than 5 years. "The Times" or, behind it, the British News Corporation, is Murdoch's News Corporation.

With "Time" backed by a super tree, this small loss is not a problem at all.

"Daily Telegraph" and "The Guardian" without back thighs gradually became a bit unbearable.

As the largest newspaper, "Daily Telegraph" has a relatively thick health bar.

As for Guardian, since last year, news of bankruptcy and liquidation have appeared regularly. In this day and age, the fate of these warlords in the age of paper media is like the fate of the empire on which the sun never sets.

When we grow old, all that remains is the glory of the past.

Aiden Buckley was a little uncomfortable. Abel's quick and concise negotiating style was too inconsistent with the norms of the business world.

That's what Aiden Buckley didn't know. The background of Telegraph Media Group and "Daily Telegraph" was searched by Abel.

Even possible suggestions from the group and consulting group are also given for reference.

Aiden Barkley's £350m offer has been included in the reference price.

Abel Tonight, there are still many negotiations to be carried out.

Make sure this quote comes after psychological expectations. Abel quickly resolved the chaos and quickly settled the matter with Telecom Media Group in Aiden Buckley's somewhat chaotic mood.

Of course.

After Aiden Buckley returns, he will meet his family and shareholders.

Finally, it was decided whether or not to sell the British Telecom Media group for 350 million pounds.

Not to mention Aiden Buckley's chaotic mood. This is the Savoy hotel.

Abel immediately began further negotiations.

The second person sitting next to Aiden Buckley just left.

The name of the second businessman is Kerry Kirsch.

Kerry Kirsch is not British, he is German and he just arrived from Germany today. Kerry Kirsch is one of the members of the Kirsch family and the Kirsch family is the founder of the Kirsch Group.

On the other hand, Kirsch Group is one of the largest media groups in the world, the largest media company in Germany and the third largest media group in Europe.

Kirsch Media, a subsidiary of the group, has exclusive rights to broadcasting and advertising rights of the Bundesliga.

Abel's goal in finding Kerry Kirsch is simple.

"Mr. Kirsch." Abel said:

"Honestly, I would like to buy SELC shares owned by Kirsch Group."

Kerry Kirsch is just like Aiden Buckley. Having the opportunity to come here, I negotiated many times with Abel's advisory group.

Those who can come in person are mainly those who have already agreed on prices and various conditions.

It can be said that they all intend to trade.

The people in front of me are all here. They came here to make final contact with Abel. As long as both sides have no doubts, the next step is to officially sign the contract.

Kerry Kirsch looked at young Abel melodramatically.

The German businessman in his fifties sighed and said:

"Okay. I'm here to sell SELC shares. Kirsch Group has no objection to this offer."

Abel smiled and said: "We have an agreement, right?" Since we have common intentions, it would be good for both sides to confirm them as soon as possible. Time is money, my friend.

"You're right, Mr. Smith. Time is money!"

Kerry Kirsch, who is over fifty, completely agrees with this statement.

"Then it's like we said. 800 million euros, 75% SELC shares." Abel smiled.

Kerry Kirsch nodded.

Before the old man arrived.

Kirsch Group headquarters and shareholders approved this price.

The old man came here basically to watch a cutscene. Check out Abel's warm glances at Aiden Buckley and himself earlier.

Kerry Kirsch had no further comments, but couldn't help but say:

"By the way, Mr. Smith. Are you interested in Kirsch Group?

"Kirsch group? Abel smiled and said: "As far as I know, your current situation is very bad.

Kerry Kirsch's face darkened, but he also knew that what Abel said was true.

Now everyone knows that the Kirsch group is facing a big problem.

As the world's largest media group, the Kirsch Group's situation is currently very dire. Currently, the total debt of the entire Kirsch group is more than 6.5 billion euros.

Too much debt is not scary, what's terrible is plummeting profits.

Since 2001, Kirsch Media has been the only integrated company and pre-tax profits have fallen by 9%, to just 178 million euros.

Currently, the debt of a subsidiary of Kirsch Communications Company is up to 2.2 billion euros.

Even in Germany, local media used the word "cancer" to describe the growing debt problem within the Kirsch Group. The Kirsch Group told the outside world that the Bavarian State Bank, Mortgage Bank, Commercial Bank and DZ Bank would all get in on the action to help the Kirsch Group.

These banks will also jointly decide who will take over the Kirsch group.

None of this is a secret in Europe.

It's also because the situation is very bad. The Kirsch Group will have to start selling some sought-after high-quality assets. To obtain new capital to save the dying parent company.

It is just a drop in the bucket, and at the same time a poison to drink to quench thirst.

"The difficult days will pass." Kerry Kirsch could only say: "My brother always told me that."

Kerry Kirsch is the younger brother of Kirsch Group founder, chairman and CEO Leo Kirsch.

"So I wish the Kirsch team to get through this difficult day as quickly as possible." Abel smiled.

Kerry Kirsch sighed silently. The old man knew the American tycoon in front of him and did not want to face the mess of the Kirsch group.

But Kerry Kirsch can't blame Abel, because it wasn't just Abel.

Even the local banks in Germany and even the German government do not want to get involved in the current situation of the Kirsch Group.

The reason is very simple. The Kirsch Group is in their current situation because they asked for it. This media conglomerate company is a prime example of wanting to pretend to have no money.

It was the Kirsch group that unexpectedly increased the price and cost of Bundesliga broadcasting rights twice in 5 years and three times in 10 years.

High broadcasting fees have allowed the Kirsch Group to monopolize Bundesliga broadcasting rights, which makes Bundesliga teams very happy.

It's just that what you eat will eventually be excreted

Parallel in time and space, Kirsch Group will be dissolved next year.

After that, the Bundesliga, which had lived well with the Kirsch Group for a few years, was out of luck, except for Bayern who were suspected of insider trading and taking some money for the Kirsch Group. Big teams are fine and can survive. These small and medium-sized teams almost followed suit after the collapse of the Kirsch Group.

Kirsch Group's contract with the Bundesliga worth up to 800 million euros did not come true. Many small clubs are on the verge of bankruptcy. Kaiserslautern and Nuremberg even need player contributions to stay afloat. German banks and local authorities then stepped up lending support, which allowed the Bundesliga to continue operating.

Only then, after a few happy years in the Bundesliga, did they turn from luxury to frugality, and the difficult days passed.

In parallel time and space, the Kirsch incident caused Berbatov and other stars to leave the Bundesliga one after another.

This crisis has even spread to far away Italy.

Before the start of the 2002–03 season, the Italian national broadcaster significantly reduced the broadcasting fees paid to Serie A, from 88.5 million euros to 45 million euros. The sharp decline in television revenue has caused a series of small and medium-sized clubs to face difficulties. Fiorentina, one of the Seven Sisters of Serie A, directly declared bankruptcy.

A similar example is the World Cup.

It is outrageous to think that the Kirsch group could accumulate so much debt.

This is Leo Kirsch, the founder and chairman, who insisted on buying the global television rights to the 2002 and 2006 World Cups for an exorbitant $1.67 billion.

A series of clever actions by Leo Kirsch since the 1990s almost destroyed Germany's leading media group. Kerry Kirsch now considered Abel "rich and powerful".

The Kirsch group is desperate if they can get money from Abel.

Or if Abel is allowed to take over the Kirsch Group, Kerry Kirsch believes there is hope to revive the Kirsch Group.

What was the name of Abel Smith, who once crossed the Atlantic and transmitted it to Europe?

Perhaps this way revenue can be maintained and the business can last longer. It's just that Abel's advisory group told him about these situations.

Even suggestions are given.

Simply put, Kirsch Corporation is not worth owning. She got into too much debt and defaulted.

What's more worrying is that Leo Kirsch's wise judgment turned out to be wrong. The profits of most of the Kirsch Group's operations do not correspond to their costs.

Like Kirsch Media, average annual pre-tax profit over the past three years has been just around 200 million euros.

If corporation tax is paid, a profit of 150 million euros could be lost.

A profit of 150 million euros is barely enough to cover debt interest, and this year's situation looks even more inadequate.

Moreover, in the few years visible to the naked eye, his income is unlikely to increase significantly. This means that Kirsch Media will continue to lose money for at least another five years.

With debt of 2.2 billion euros and continuous losses, few people can bear it.

It can be said that such subsidiaries are very common throughout the Kirsch Group.

Descriptions from local German media are most relevant. Currently, Kirsch's group is covered with cancer and cancer cells have spread throughout the body. It's good to have only two or three ounces of meat in the whole body, the rest is just proliferating cancer cells.

This caused Abel, who was very interested in the Kirsch group, to back down.

It's true that Abel is not short of money, and he also wants to let the world hear Smith Media's voice.

But even he wouldn't jump into such a big hole.

Luckily, the advisory group also gave him some advice. The advisory group believes that Abel cannot hold shares of the Kirsch Group.

But if the Kirsch group wants to borrow money, they can lend it under certain conditions.

In this case, Kirsch Group really has a chance. Through a preemptive provision, Smith Media may have the opportunity to acquire certain high-quality assets of the Kirsch Group.

It's a pity that everyone thinks like that. The banks and companies that lent money to the Kirsch Group divided the Kirsch Group's high-quality assets among themselves.

If the Kirsch group did not survive, it would not be able to mortgage its transferable high-quality assets to Abel.

In other words, even if Abel wanted to borrow money, the Kirsch Group would not be able to create the high-quality assets he desires.

SELC stock has been the only high-quality asset available for sale.

Everything else is mortgaged. Kerry Kirsch did not mention the loan but asked Abel directly if he was interested in the stock.

This is of course not the case.

Kerry Kirsch had to leave with regret.

Abel also had some regrets.

Kirsch's group is definitely a large mass of fat, but unfortunately this mass of fat is full of cancerous substances that make people scared. Fortunately, it was not without profit, at least 75% of SELC's shares were acquired.

Once Kerry Kirsch was settled in, Abe talked to everyone.

As said before.

Those who could come here had negotiated with Abel's advisors in advance.

Coming here is just a formality, to confirm definitively. Other guests included the owners or representatives of several newspapers such as Britain's Daily Mail, Daily Star and Daily Express.

Don't look at these newspapers, each one has the prefix "Daily".

In fact, they have nothing to do with Telemedia Group. Just like "Daily Telegraph", there is "Daily" in front of the name.

"Daily Mail" is a "premium newspaper" similar to the "Daily Telegraph", similar to the Times and Guardian, focusing on important international and financial news. "Daily Express" is a middle-class newspaper, famous for its short, concise, easy-to-understand articles, with readers mostly from the middle class or lower.

As for "Daily Star", it is a pure tabloid and its status in the UK is similar to the British "Sun".

This newspaper covers games, weather forecasts, girls and sports news, entertainment news and more.

is also one of the most famous paparazzi newspapers in England.

For the owners of these newspapers or representatives of employers, Abel also quickly put an end to this chaos. If you don't have any problems with price, start preparing contracts and transfer agreements.

If there are problems, let people go ahead and talk to their advisory group.

This way, it only took him about an hour to deal with the first five guests.

After greeting the five guests, Abel was left with only an old man about seventy years old.

Allen continued to introduce Abel, "BOSS. This is Mr. Kerry Landzer. He is the chairman and CEO of Landzer Entertainment Media Company. »

"Hello, Mr. Landzer." Abel smiled.

He quickly resolved the issue and closed many deals in a short time.

Currently, he is very happy to have established an advisory group similar to the "Military Aircraft Department".

On the contrary, if you bring single people, go and talk to each person in detail one by one. He felt that he would not have to do anything else in the future.

The negotiations were estimated to last all day, and the time spent in negotiations was already terrible enough.

Fortunately, now that there is this "Military Aircraft Department", most of the trivial matters and preliminary preparations can be entrusted to them.

I just need to be careful and judgmental.

The only concern is that internal members of the advisory group may collude with the outside world. Abel has thought about this, but right now he is still negotiating with the last guest.

Kerry Landzer shook Abel's hand, the old man smiled and said:

"Mr. Smith, this is amazing. I've never seen anyone buy a company like a potato and buy a bunch."

Abel said to himself: do you Europeans really not know how to make metaphors without potatoes?

"It is good." Abel smiled: "After all, they are cheap businesses.

Kerry Landzer couldn't help but twitch the corner of the old man's mouth when he heard his answer.

While the old man was still muttering in his heart, Abel said:

"Mr. Landzer, please be frank. I want MUPLC stock to be owned by Landzer Entertainment Media."

"Of course." Kerry Landzer smiled at Abel, the old man said:

"I'm here to sell you these shares. One hundred million pounds, right?

"No error." Abel smiled.

The old man stood up directly and held out his hand: "I'm willing to sell, sir."

Abel stood up and shook his hand, smiling and saying: "Good cooperation, sir."

(end of this chapter)