Chapter 102: The Transfergate Incident

Moji, who had been in Florence for many days, had a somewhat "bitter hatred" expression at this time, but his "bitterness" was not entirely Zhuang Ming's song. More than half a month ago, when the two sides reached the transfer of Baggio, the 9.585 billion lira paid by Fiorentina could still be exchanged for 9 million US dollars, but after this sharp depreciation, these lira can not even be exchanged for 6 million US dollars.

Of course, Mo Lao Fox knew that with the virtue of the Italian government, it would be a matter of time before the lira was tossed and devalued by them, but he never expected that the Italian lira would depreciate by 60% in just a few days.

Although the loss of more than $3 million is nothing for Juventus, which has the support of the Agnelli family, the current business model of Juventus and Fiorentina is different. Since Girawudo took over, he has been trying to break even, so that Juventus can take care of their own profits and losses, and Mo Lao Fox is the general manager of Juventus FC, so he is naturally responsible for all kinds of financial problems.

Therefore, when Moji, who has always been known for his careful calculations, faced such a loss of several million dollars, he still felt a pain in his flesh.

Of course, such a loss that made Mo Lao Fox's flesh ache cannot be completely attributed to Zhuang Mingge.

Zhuang Mingge learned after communicating with Mo Ji that Mo Lao Fox not only forgot to add a currency hedging clause to the agreement signed by the two parties at that time, but also made a second major mistake: as one of the most financially managed managers in the Serie A League in the future, Mo Ji did not expect to go to the futures market for a hedging procedure, which made Zhuang Mingge's awe and evaluation of the old fox a lot lower.

Here are some of the currency hedging terms and hedging terms in general:

Currency Preservation Clause (ExchangeRate

ProvisoClause) is a commonly used means to protect against exchange rate risk. That is, when negotiating a transaction, the two parties negotiate to include appropriate hedging clauses in the contract (often a long-term contract) to prevent the risk of exchange rate fluctuations. The contract stipulates the ratio between a hedging currency and the national currency, and if the exchange rate changes more than a certain range at the time of payment, it will be adjusted according to the original exchange rate to achieve the purpose of hedging value.

Hedging refers to the trading activities of using the futures market as a place to transfer price risk, using futures contracts as a temporary substitute for buying and selling commodities in the spot market in the future, buying commodities now and preparing to sell them later, or insuring the price of commodities that need to be bought in the future.

Here, it mainly refers to hedging the Italian lira as a commodity to avoid unnecessary losses caused by fluctuations in its exchange rate against the US dollar at the end of the season, in other words, buying hedging to avoid the risk of price changes in the spot market.

Knowing that it was impossible for Mo Lao Fox to come to his place for such a big matter, so after some greetings, Zhuang Mingge sat on the chair and waited for the other party to tell the main purpose of coming to Florence this time.

After a period of painless "complaints", Mo Lao Fox, who was good at observing words and feelings, looked at Zhuang Mingge, who was drinking black tea, and said the "true purpose" of this trip:

"President Corleone, I'm here in Florence mainly for a player's business."

"Oh? I don't know which player in our team you have your eye on this time, is it Inzaghi, or Di Biagio? Zhuang Mingge raised his eyebrows, and his tone was a little unkind, "It seems that Mr. Moggie is very keen on Fiorentina's players." ”

"No, no, Chairman Corleone, you misunderstood." Mo Ji saw that Zhuang Mingge was a little angry, and hurriedly waved his hand, "I'm not here for the Fiorentina player, but a player under your banner." ”

"What?" Zhuang Mingge thought that he had heard it wrong, when did he directly take charge of other teams besides Fiorentina?

"That's the GM brokerage company, Chairman Corleone, aren't you the chairman of that company?"

Uh, this one seems to be true...... Could it be that Moggie has a crush on the players under the agency?

This is not right, now that the Bosman Act has not been implemented, there is anything to go directly to the top management of the club, is it necessary for Moggie to go to the agent line?

"So whose player's agent do you have your eye on, Manager Moji?" Zhuang Mingge, who couldn't think clearly, felt that it was better to satisfy his curiosity.

"Luis Figo." Mo Ji hesitated for a moment, but finally answered Zhuang Mingge's question honestly.

"......" When did Figo join the brokerage company? How I didn't know!

……

Twenty minutes later, Mo Ji, who received a satisfactory answer, left Zhuang Mingge's office with a spring breeze on his face.

"Tony, is this really okay? Just gave Figo to Juventus. Although Karin would not object to Zhuang Mingge's approach, she still raised her doubts.

"Hehe, Karin, you said, Moggi is now looking for Figo's agent, according to UEFA's transfer system, he can buy Figo's ownership by throwing money at Sporting Lisbon."

"This ......"

At that time, after hearing Moji's request, Zhuang Mingge's brain began to run rapidly, thinking about what happened to Figo......

By the way, it was the legend that finally allowed Barcelona to get the Portuguese superstar a transfer door!

Figo, who had been playing for Sporting Lisbon for many years at the time, had finally become a faint diamond, showing great potential in both European competition and the league.

At this time, Jose Vega became Figo's new agent (due to the butterfly effect of Zhuang Mingge, this gentleman also joined GM Brokers). The young agent, who is shrewd and discerning, understands that Sporting Lisbon's contract is far less than Figo's actual value, so he asks Sporting Lisbon to double Figo's salary, but Sporting Lisbon's owner, Sintra, is reluctant to shell out the money.

Serie A giants Juventus took the opportunity to come to Lisbon to negotiate the transfer of Figo, when Figo heard the news, he was so excited that he knew his value for the first time, and said in an interview much later: "Juventus wanted me, I was really flattered, so I signed a letter of intent, which did not stipulate conditions or a time limit for formal signing. But the president of Sintra did not like to play against a young player like me, and there were many rumors in the media, and it turned out that Juventus had privately agreed to pay Sporting Lisbon a multimillion-dollar transfer fee in order to get me, but the chairman hid it from me. ”

At that time, there were Benfica, Paris Saint-Germain, Monaco and other teams also joined the bid for Figo, but another team in Serie A, Parma was the first to come, and the general manager Partolero personally found Figo, not only offered attractive economic conditions, but also guaranteed Figo's opportunity to play and the club's ambition to win the championship Jihua, Figo signed a formal contract without saying a word, he believes that the signing with Juventus is only a letter of intent, not legally binding.

This was what happened in December 1994, when the local media, after learning of the incident, began to call Figo a "traitor to Sporting Lisbon", and after Figo himself announced it, he was besieged by more than 20 fans as he went out and smashed his Honda.

The Bianconeri did not sit idly by, they first offered the exact same terms as Parma, but Figo refused, so Juventus submitted the letter of intent to the Italian Football Federation, along with Parma's contract with Figo.

The Italian Football Federation decided that Figo should be punished and issued a verdict: Figo was banned from joining any Italian club for two years.

Judging by Moggie's attitude now, Figo should not be banned from landing in Italy, and Juventus is still in the stage of emergency communication with Figo.

However, for Figo, a player, to be honest, Zhuang Mingge didn't want to help him avoid this trouble, after all, in Figo's career, there were too many things because of the transfer, for example, when Figo transferred to Real Madrid, there was also a lot of chaos.

PS1: Chapter 14 of "Add more to complete jihua".

PS2: Due to the needs of the plot, the time of the transfergate event has been advanced by one month.