Chapter 642: The Creditor Comes to the Door
RS Corporate Office, Manhattan, New York, USA.
Real estate tycoon Stephen Ross and his team of assistants slammed open the door of the conference room and walked in one after another.
This made Matt Higgins and Charlie Stiletano, who were sitting inside, a little at a loss, and their eyes showed a look of surprise, obviously feeling that the atmosphere was abnormal.
Usually Stephen Ross comes to RS by himself or by bringing bodyguards, but rarely does he bring not only bodyguards, but also his personal lawyer, and the most competent accountant beside him.
What does that mean?
Could it be that he is here to settle all the debts and bills of RS?
Matt Higgins looked at Charlie Stillitano as if to ask, could this be suspicious of us?
Charlie Stilitano raised the corners of his mouth and shook his head, indicating that he would wait and see what happened.
As soon as Stephen Ross walked into the room, he sat down in the top seat, and the lawyer and accountant sat on his left and right, just right apart Matt Higgins and Charlie Stillatano.
This made the latter two obviously feel offended.
It's said that it's a partner, but what does it mean to do it now?
"I'm here, you're in such a hurry to find me, what's the matter, you can talk about it now!"
Stephen Ross chuckled, and behind his gold-rimmed glasses, there was shrewdness in those slender eyes.
Matt Higgins glanced at Charlie Stiletano, who nodded and signaled that he could begin.
As a result, Matt Higgins coughed heavily, "That's right, Stephen, we rented hotels, training grounds, and courts for each of the participating teams in order to organize the North American Invitational, and we only paid the down payment at that time, and according to the terms of the contract we signed at that time, we should ...... after the tournament is over."
Matt Higgins had no finish saying this when Stephen Rose raised his hand.
"Matt, I understand what you mean, since the contract was signed in the first place, then we should act according to the contract, I think, this kind of thing shouldn't need to be asked to me, right?"
Matt Higgins and Charlie Stillitano both realized it was a tricky matter.
'But, Stephen, our income has been ...... after paying for the appearance fees of Chelsea, AC Milan and the likes of the previous tournament
Matt Higgins is already clear, that is, the company has run out of money!
Stephen Rose smiled when he heard this, "What does the bank say?" ”
"We have borrowed several sums of money in the past few years and have not yet paid off, and I am afraid that no bank will be willing to lend us any more!"
"Then what do you mean ......"
Matt Higgins is still young, inexperienced, and a little unspeakable.
Charlie Stillitano has also been involved in the American sports world for many years, and the reason why RS has been able to invite so many European giants to participate in the North American Invitational Tournament is because of his relationship and operation.
Usually, this type of person will have a thicker skin.
So, seeing that Matt Higgins couldn't speak, he took the conversation.
"Stephen, as we said before, the first few years of the tournament preparation must be at a loss, no tournament can make money from the beginning, not even the FIFA Club World Cup, and you promised at the time that you would be in charge!"
This is a key part of their partnership with Stephen Rose!
In the final analysis, the three of them are a combination of interests, not a complete monolith.
After hearing this, Stephen Rose also nodded, "Yes, you're right, but what the two of you told me at the time was that in five years at most, this event would be self-financing, and even a little profitable, but now?" ”
Charlie Stillitano and Matt Higgins looked at each other, both feeling the helplessness in each other's eyes.
There is a good saying, poor couples mourn everything.
When the company develops well, everything is easy to say and solve, but now the company has encountered problems, and all the contradictions immediately surfaced.
Last year was a little better, after all, last year was good, but this year is completely over.
Because the schedule of the North American Invitational Tournament overlaps with the schedule of the International Champions Cup to a large extent, the total attendance rate of all the matches of the North American Invitational Tournament is less than 70,000, which is not enough for the average attendance of the International Champions Cup.
Thinking about it, people want to scold their mother, because the difference is too big!
Only Charlie Stillitano and Matt Higgins themselves understand that, at the end of the day, the International Champions Cup is a great team and that they have invested real money to invite the best teams in Europe to compete, which in itself has a high market appeal.
In this case, the sensible approach of the North American Invitational should be to avoid its edge, adjust the schedule, and miss the International Champions Cup, after all, the schedule was drawn up as early as February, obviously to tell you, avoid me.
But at the beginning, Stephen Rose was determined not to change the schedule, and he must be with the International Champions Cup.
Okay now, it's a failure, right?
Charlie Stillitano felt helpless, because Stephen Rose's tone was obviously blaming the two of them, obviously to put the blame for the continuous losses of the North American Invitational on them.
But what can they do?
"Okay, Stephen, what do you think now?"
"What else can you think?" Stephen Ross thought it was funny, "We have a total of two or three hundred million debts outside, and now another creditor is catching up with us, or our three shareholders will invest another amount of money according to the proportion of shares, but whether we will continue to operate next year will have to be discussed separately." ”
"Either let's pat our butts and hand over this mess to the court to clean up, what should we do, happy and relaxed!"
Charlie Stilitano couldn't listen to it anymore, and the whole person stood up, "Are you going to declare bankruptcy and dissolve the company?" ”
"Or else?" Stephen Ross asked rhetorically.
Charlie Stillitano's face was filled with grief and indignation, and Matt Higgins found it hard to believe and accept.
They are different from Stephen Rose, who is only responsible for the money, but they have put a lot of effort and energy into this company, and if they declare bankruptcy and dissolve the company now, not only will they be discredited, but they may also be burdened with some debts and legal liabilities.
If one is not handled well, their connections in the sports world may be offended, and they can't expect to continue to be in this circle from now on.
"Charlie!" Stephen Ross looked at Charlie Stillatano, "Let's just open the skylight and say something, I even brought someone to you, just hurry up!" ”
"I am very, very dissatisfied with the organization and operation of this year's North American Invitational Tournament, compared with last year, not only has there been no progress, but it is going back, the International Champions Cup has signed new sponsorship contracts every year, and the broadcast area is getting wider and wider, and the influence is also increasing, but what about us?"
Charlie Stillitano and Matt Higgins were speechless.
"No one cares about the broadcast rights, not to mention, the sponsors are running away one after another, and our income on this side is pitifully small, so the losses are getting more and more serious, you tell me, how long will it last?"
No one can answer this question.
But Charlie Stillitano and Matt Higgins, who are in charge of attracting investment, are depressed, because many things are not their fault, like broadcasting rights.
You have to overlap the schedule with the International Champions Cup, and how can someone broadcast two different football matches at the same time?
The final result is definitely somewhere in between, choosing the one with the most viewers to broadcast live!
So, everyone has chosen the International Champions Cup, even if you can say it again, what can you do?
That's true for broadcasters, isn't it true for sponsors?
When the schedule is scheduled, that's crucial for an event!
Didn't you see how much work FIFA's Club World Cup did to schedule it in December? How many years has it been coordinated?
Stephen Ross shook his head and sighed when he saw that neither of them spoke, and sneered.
"I personally understand that it is very difficult and not easy for you to make this decision, you have all put a lot of effort into this event, but you must understand that this is not about feelings, we are talking about the operation of a company, it is the operation of capital!"
Stephen Ross sighed again and stood up.
"Well, I'm the majority shareholder, and this matter is up to me, and I have the final say!"
Charlie Stillitano and Matt Higgins looked at each other, both panicking.
It seems that he has to make this decision today!
"Although I am very happy to cooperate with you in the past few years, and we get along quite happily, but unfortunately, I have to make this decision, and if you want to blame me, then I have nothing to say!"
At the end, Stephen Rose smiled slyly and reached for the buttons of his suit.
"John, Jack, you're in charge of everything here, how to deal with it, you know!"
The lawyer and accountant who had arrived with Stephen Ross immediately stood up and nodded to the boss.
Obviously, they're all familiar with this kind of thing.
Seeing Stephen Rosschran leave the conference room, Charlie Stillitano and Matt Higgins seemed to be drained of all their strength.
Because they found that the cause they had been fighting for for many years had completely collapsed in such a short period of time because of a word or a decision from others, which made them all have a very strong sense of frustration.
The company is going to go bankrupt, and they will definitely be burdened with debts, what will they do in the future?
What are they going to do to pay off these debts?
What would be the reaction of those RS partners when they heard the news?
There are also these two men, a lawyer and an accountant, who are obviously trying to do everything they can to help Stephen Ross avoid debts and reduce the burden as much as possible.
They had heard of such a trick before, but they did not expect that it would be like this for the first time they experienced it firsthand.
But if they really want to do this, they will definitely offend a large number of creditors, so how can they continue to mix in the sports world in the future?
Thinking of this, the hearts of the two began to hate Stephen Rose.
He is a real estate tycoon, although he owns a rugby team, but offending these people in the sports world, it has no effect on him at all, but they are different, their careers and connections are here.
Without the world of sports, where else can they go?
Is this really the only way?
Charlie Stillitano and Matt Higgins both saw the helplessness in each other's eyes.
None of them could do anything about it.
But at this moment, Charlie Stilitano's phone rang very inopportunely.
Strange number, who?
Charlie Stilitano was a little frightened, and shook his head at Matt Higgins, who was very sensitive to data but didn't know where the number came from.
As soon as he picked it up, a man's voice came from the other side.
"Hello, Mr. Stilitano, I'm the CEO of Miracle Media, my name is Sun Yue!" r1148