Chapter 1310 13 high can really make money
In the palace in the sky, Andy leaned against the wide loose sofa, looked at the handpiece, and the little assistant next to him handed the ruby Roman grape worth $226 each into Andy's mouth.
"Tsk tsk, these Japanese devils can really make money." Feeling the sweetness in their mouths made Andy sigh.
Tori picked up a grape the size of a table tennis ball and put it into her mouth. The delicious taste was indeed excellent. She has eaten a lot of good things since she followed the Great Demon King. However, the newly launched ruby Roman grapes for the famous rich man were indeed the best.
"I heard that the yield is extremely low. If you like it, I will call them to notify them later and prepare more." The little assistant picked up one again and handed it to Andy's mouth, and said softly.
"Well. Let someone send it to Ivana, let her taste whether she likes it or not." Andy said while flipping through the documents.
"clear."
At this moment, the cell phone on the table rang, the little assistant reached out and took it, took a look, and handed it to Andy, "Boss, it's Mr. Smith's phone number."
"Oh?" Andy reached out to take the phone, answered it directly, put it in his ear, and greeted with a smile: "Good morning, grandpa."
"Haha, good morning, where are you now?"
"I'm flying to Paris on the plane. Is there anything wrong?" Andy asked with a frown.
"It's not a big deal. A funder is interested in selling assets. I want me to ask you if you are interested."
"Oh? I can ask Grandpa, you call this. It seems that this business is interesting." Andy was a little curious.
"Haha, Yellowstone Club, in a financial crisis, has applied for bankruptcy protection from the court. Adra is interested in selling all assets to repay debts. Are you interested?"
"Of course!" Andy's eyes lit up, and he sat upright, and said with interest, "How much does she want?"
"I didn't ask much about the specifics, but it will be around 400 million to 450 million. After all, it involves a loan of $375 million. If you are interested, I'll ask Edra to contact you."
"OK……"
After getting some information from Smith, Andy hung up the phone. It turned out that in recent times, with the plunge of the US real estate market and the decrease in new members, the Yellowstone Club's revenue has dropped sharply, and the failure of the club's global expansion plan has made it financially stretched.
The key is that the Brix Seths, who owns the Yellowstone Club, are a desperate couple. Not only does they spend a lot of money on their luxurious private life, they often travel around on private jets, and there are countless precious cars under their names.
Some investors and members of the Yellowstone Club took them to court, accusing them of being able to use the club's funds and not being concerned about the investors' rights. But later the lawsuit ended in an out-of-court settlement.
Since 2005, the couple began to expand globally blindly, diverting funds originally used for club affairs for other purposes, and even purchasing assets under their personal names, thus further deteriorating the club's financial situation.
Of course, the most important thing is that the couple fell out in August this year, and a rebellion caused by fighting for control of the club. In the end, his wife Adra gained control, but after taking office, she was stunned by the financial storm and high debts.
To be honest, Andy has definitely coveted the Yellowstone Club, which owns about 54 square kilometers of land near Yellowstone National Park for a long time. When he took Lima to the Yellowstone Club for the first time on vacation, he was attracted to the land. Unexpectedly, the opportunity was sent to him.
Soon, Edra, the current Yellowstone Club eO, called in. After a few polite greetings, Edra talked straight to the point about the Yellowstone Club with Andy, and the offer was $445 million.
Andy naturally would not make a statement immediately, but just told the other party that he was very interested and would shoot the acquisition team to contact the other party as soon as possible. He could hear the other party's eagerness from the phone. It seemed that the Yellowstone Club was indeed unsustainable.
After hanging up the phone, Andy contacted Alvetre in New York and told the matter. Al was also very clear about his boss's extensive land hoarding. While asking his boss to report on his work, he asked his subordinates to quickly collect information about the Yellowstone Club.
"Boss, the Yellowstone Club covers an area of about 5,420 hectares and currently has 200 resort chalets, a large ski resort and a golf course.
Currently, there are 340 members. After paying a deposit of US$250,000 in one membership, members will have to pay a membership fee of US$18,000 every year. Currently, the club has more than 600 employees.
Two months ago, the Yellowstone Club announced a massive expansion plan, including the construction of 450 new vacation homes, apartments and supporting entertainment and leisure facilities, such as luxury hot springs, clubs, baseball stadiums and more ski runs. However, the expansion plan has been put on hold due to the club's financial strain.
Overseas assets include a French castle, a Scottish golf course, a Mexican villa and a Caribbean estate.
The fees charged to members since its establishment and opening in 1999 are about US$88 million, and a $375 million loan obtained by the club from Credit Suisse in 2005. The debt of the Yellowstone Club is mainly due to this loan. However, due to business and management issues, there are many problems in where these funds go…”
"Haha, artificial hole!" Andy immediately understood what the couple did when he heard this. However, this leisure and vacation club is not a mess. Apart from the financial chaos, the others are very good.
"Ah, what do you think?"
"Good assets and great room for development. The main reason is that the membership system of this private club is very distinctive and has great appeal to some super rich people. If the boss takes over, it will undoubtedly increase its influence to a higher level!"
To put it bluntly, the Yellowstone Club has a very high standard. The membership application that was boasted to the public before was not qualified to join. It also released the members including Bill Gates, former vice president, senator and other big names, which undoubtedly blew up the standard of this private club.
If Andy takes over, the Yellowstone Club's stature will naturally increase by more than one level. After all, the status of the desperate couple cannot be compared with Andy. In this way, Andy will make people expand the size of the club and will be more attractive to the rich people in the United States and even the world.
"Then send someone to talk. I like the scenery there. I live there for a month or two every year, which is also a good choice. Alas, if possible, I really want to connect the farm and the club..."
"..." Alvetre's mouth twitched on the other end of the phone, and a black line appeared on his forehead. He rolled his eyes and pretended not to hear it. The farm was in the middle area of Montana, and the club was connected in the lower state border?
"Cough cough." When I found that Al was not in the way, Andy also coughed a little embarrassedly, and then said: "By the way, let's take a look at the land farms around Yellowstone Park. If it's cheaper, buy a little more. When I buy the club, I will build an airport!"
"Okay boss." Al immediately responded that building a small airport is very reliable. This is of great help to the development of the club. It solves the transportation problem and will undoubtedly make this resort more popular. You should know that the rich all hate trouble. If you have to change transportation back and forth on a vacation, they will not be regarded as their preferred destination even if the scenery is beautiful.
After hanging up the phone, Andy felt that the more she had a lot of room for development of this club. At that time, her security company would establish a branch base, with the most beautiful scenery, the best facilities, the food from all over the world, the most famous wealthy people, the most complete security, tsk, I believe that the Yellowstone Club will develop into the world's top club, and let the world talk about it while yearning for it.
Not a member of Yellowstone Club, do you have the nerve to say that you are a world-class rich man? 8)
Chapter completed!