Chapter 149: Acquisition of Manchester United (Part II)

Manchester United finally began to recover in time for the New Year's Eve and qualified from the first group stage of the Champions League, allowing Ferguson to focus on the league.

They won back-to-back victories over Newcastle, Liverpool and Arsenal, and the revival of Ruud van Nistelrooy and Forlan gave United the firepower to shine ever since.

These three games are also the most important games for United to win the title this year. But all season, only Arsenal struggled to take a point away from Manchester United at home.

Liverpool began to enter a slump at this stage, and although Arsenal lost, they began to lead the table for a long time at this stage. Manchester United's win over Arsenal was three points behind, but it paved the way for them to catch up.

Heading into December, Manchester United began to show signs of fatigue after a series of tough games, and after a home win over West Ham United, they knocked Chelsea out of the Carabao Cup. But the defeats to Blackburn Rovers and Middlesbrough gave the media plenty of reason to hype up a revenge battle between Manchester United's outcasts (York and Cole) and former assistant coach (McClaren).

Entering 2003, the Reds rejuvenated themselves with the controversial Uruguayan striker Forlan and David Beckham, who had returned from injury, as the main impetus was to make it to back-to-back victories, although there was some element of luck in their back-to-back victories, but in the same period they reached the fifth round of the FA Cup and reached the final of the League Cup. With a frightening six-game winning streak, United have pushed the deficit to three points.

Alex Ferguson believes that the suspension of European competitions during this period has given United time to adjust.

After six consecutive wins, Manchester United welcomed the Manchester derby again, and Sun Jihai started and made a big difference, delaying the progress of Manchester United. Manchester City are also one of the few teams to have conceded just one point to Manchester United this season.

A draw by Manchester City put Manchester United in the doldrums. First, they were beaten at home to Arsenal in the FA Cup fifth round, and there was a dressing room incident that shocked the world. They then struggled to draw with Bolton Wanderers in the league and lost to Liverpool in the Carabao Cup final. A cold February in England has clouded Manchester United's journey to the title.

Entering March. Reaching the quarter-finals of the Champions League, Manchester United are starting to clean up their domestic league fixtures, fielding substitutes against Basel and Deportivo La Coruna, and back-to-back victories over Leeds United, Aston Villa and Fulham in the domestic league. Before the Champions Cup quarter-finals with Real Madrid, Manchester United won Liverpool at home, which even alarmed Real Madrid.

After the 1-3 defeat at the Bernabeu, although Ferguson did not give up the Champions Cup, he has already begun to prepare for the final showdown with Arsenal. Manchester United's players took their anger out on Newcastle United, taking Arsenal by surprise with a 6-2 win at St James' Stadium. The result of the game at Highbury Arsenal is not important, what matters is that the Red Devils are undermining the Gunners' confidence and fighting spirit. Ferguson also asserted. Without Campbell's Arsenal backline, it would be full of holes. As a result, Arsenal narrowly managed to hold United to a 2-2 draw with an offside goal.

After returning to the home stadium and putting on a passionate drama with Real Madrid, Manchester United also cooperated to do a good off-field show and hype Beckham's transfer. Although he left the European arena, Ferguson's face showed that he was desperate to win the league title this season.

At this time, it is the end of April.

It was also at this time that the Jiang Investment Fund and the Glazer family. A financial war over Manchester United was unleashed on the stock market.

Looking at Manchester United's fixtures, none of their last few opponents this season have been very strong. And Arsenal has lost the capital and confidence to compete with Manchester United due to their own great injuries.

Manchester United won back-to-back victories over Blackburn Rovers, Tottenham Hotspur and Charlton Athletic, while Arsenal were held to a draw by relegation side Bolton. Defeated by relegated Leeds. With two rounds remaining, give the championship away.

At this time, it is during the May Day holiday.

With Manchester United's victory in the domestic league, coupled with the competition between the Jiang Investment Fund and the Glazer family. As a result, Manchester United's stock soared.

Jiang Lingyu saw that the situation was a little out of control, and decided to open up another second battlefield, that is, in the United States. Use all the financial resources of the Jiang Investment Fund to crack down on the Glazer family's estate.

Although the overall strength of the Glazer family was slightly stronger than that of the Jiang investment fund at that time, most of its assets were fixed assets, and its working capital was only a little more than a billion dollars, which was completely incomparable with the Jiang investment fund, which had just won tens of billions of dollars in the oil futures market last month.

Jiang Lingyu's strategy to save Zhao from Wei was a great success, and after Jiang Lingyu attacked the Glazer family's hometown, the Glazer family felt strong pressure and had to relax their acquisition of Manchester United and go all out to help.

At the same time, Jiang Lingyu's attack on Manchester United stocks has not been soft at all. She made a request to Irish horse racing tycoon Magnier, then United's largest shareholder, to buy over 75 million shares of Manchester United. The Irish horse racing tycoon could not resist the temptation of the Jiang investment fund's offer of as high as 300 pence per share, and sold all his shares, which accounted for 29% of Manchester United's shares, to the investment fund.

As a result, with the 22% stake originally bought by the Jiang Investment Fund, the Jiang Investment Fund now owns 51% of all the shares in Manchester United.

Seeing that the tide was turning, the Glazer family offered to settle with the Jiang Investment Fund, and sold the 18% stake in Manchester United acquired by the family to the Jiang Investment Fund at a price of 300 pence per share.

By this time, the Jiang Investment Fund had controlled 70% of all Manchester United shares.

As a result, Jiang Lingyu immediately submitted a formal application for a general acquisition to the London Stock Exchange, more than 10 days earlier than the deadline set by the stock market "Takeovers Council" for Jiang's investment fund (May 17).

Less than an hour after the takeover was announced, Scottish mining giant Dobson, the former third largest shareholder of Manchester United, decided to "follow the crowd" and agreed to accept a 300p offer from Jiang's Investment Fund to sell its 6.5% stake in Manchester United (about 17 million shares). As a result, Jiang's investment fund's actual control of Manchester United has reached 76.5%, not only has it firmly grasped control of the club, which means that Jiang's investment fund can make revolutionary changes to the club's personnel structure in the next 60 days, including the club's board of directors, and also reached the 75% holding threshold that marks the success of the acquisition.

By the close of trading in London on Wednesday, 7 May, Manchester United had soared 22% to 292p a share, and will remain at that price for at least the next week.

By 6 p.m. on Wednesday, the latest news from Jiang's Investment Fund showed that Jiang's investment fund was as high as 80% holding, and the relevant parties will issue a statement on Thursday morning to announce the progress of the situation.

In any case, Wednesday's situation means that only a successful acquisition of another 1.6% stake in Manchester United could force the club to be "forcibly delisted" from the stock exchange, making it a "privately owned" club.

And if the Kong Investment Fund reaches 90% control, it can "compulsorily" buy out all Manchester United shares under the relevant UK government business regulations, making it truly "privately owned".

"Master, because we didn't have even a single stake in Manchester United before, and now we have spent a full 700 million pounds, or about 970 million dollars, to acquire this 81% of the shares. If we were to buy Manchester United outright, we would need at least £164 million, or nearly $230 million. In other words, if we were to buy Manchester United completely, the total cost would be around $1.2 billion, not including the upcoming recruitment, stadium renovation and maintenance after the acquisition of the team. Jiang Lingyu said, "I estimate that if we follow your recruitment plan and stadium renovation plan, our spending this year will be as high as two billion US dollars!" ”

Jiang Feng knew what Jiang Lingyu meant when he said this, but he immediately stopped Jiang Lingyu and said: "Lingyu, I know all this, and I have long been mentally prepared for this, so you don't need to say it, you just follow my first plan." ”

Although the budget of Jiang Feng's acquisition plan has increased a lot due to the unexpected intervention of the Glazer family, this is within Jiang Feng's acceptable range.

Moreover, this operation, in fact, did not pay so much, because Jiang Lingyu told him that when the Jiang investment fund attacked the Glazer family's business in the United States, it had nearly 500 million US dollars. In other words, even if it costs $1.2 billion to completely acquire Manchester United, the real investment of the Jiang investment fund is only $700 million, and the other $500 million is paid for by the Glazer family. This is far less than the £790 million spent by the Glazer family on the other day to buy Manchester United, and of course, most of the money spent by the Glazer family was borrowed from the bank, which was eventually paid for by Manchester United.

This should be the price paid by the Glazer family for the actions of another time and space, Jiang Feng said in his heart.

Because of the series of unpleasant news just now, Jiang Feng's mood was a little unhappy, and now that he got the news of Jiang Lingyu, Jiang Feng was finally in a much better mood.

Jiang Feng was thinking that some of Jiang's Biotechnology Company's products must be accelerated in R&D and production, otherwise he would not be able to catch up with his investment and transformation plan for the Manchester United team, because that plan, many products, need to be produced and provided by Jiang's Biotechnology Company, which is not available in the current market. (To be continued.) )