"There are many Manchester United fans in China, and the AIG logo on the Manchester United jersey has become a classic." said Xie Qian, deputy general manager of AIG Insurance Co., Ltd. (AIG) Beijing Branch.
“中国有很多曼联球迷，曼联球衣上的AIG徽标已成为经典。” AIG Insurance Co.，Ltd.（AIG）北京分公司副总经理谢谦说。
As a former sponsor of Manchester United, this once wealthy company was on the verge of bankruptcy in September 2008. AIG first experienced a "counterfeiting scandal" (rating scandal), and then encountered the 2008 economic crisis. In the fourth quarter of 2008, AIG's loss reached $61.7 billion, creating the largest quarterly loss in the history of the United States. In the end, the U.S. Treasury Department and the Federal Reserve made another move with a rescue fund of $30 billion. In the course of this series of off-track, AIG was exhausted, and the sponsorship with Manchester United could not continue, so a rare new jersey in the history of the Premier League was born to advertise the dead company.
So how do you sell the MBS of these non-performing loans? The clever bankers package all the bad credit loans into CDOs and divide them into two tranches. The A-grade tranche has low interest and the B-grade high. Then if there is a default part of the entire loan, the B-level loses first, and the B-level loses and then the A-level part is lost, and then they are sold to investors with different preferences. What should no one in B-level do? I took a guarantee, and then I asked a rating agency to rate an AAA, and a good product is on sale again! Later, the non-performing loans are all used up, then we will sell the CDO of the CDO, which is called
那么，您如何出售这些不良贷款的MBS？聪明的银行家将所有不亚博的官网地址良信用贷款打包为CDO，并将其分为两部分。 A级档次的利息较低，B级档次的利息较高。然后，如果整个贷款中有违约部分，则B级首先损失，B级损失然后A级部分损失，然后将它们出售给具有不同偏好的投资者。 B级人员不应该做什么？我做出了保证，然后我要求评级机构对AAA进行评级，然后又开始销售优质产品！之后，不良贷款全部用完，然后我们将出售CDO的CDO，这称为
The 20 teams in the Premier League had debts of more than 3 billion euros that year. The former Manchester United shirt sponsor, the aforementioned AIG, had its share price plummeted by more than 30%. Now the sponsor of Tottenham Hotspur is a son of AIG. The company AIA (AIA) on the 16th and 17th of 2008, AIA suffered about 20,000 surrenders in Hong Kong, China, and AIA’s total insurance coverage in Macau and Hong Kong had more than 2 million insurance policies, of which more than 95% were at Hong Kong. AIG's subsidiary American International Assurance (AIA) branch in Hong Kong, China launched emergency crisis public relations on the 18th. In the end, it was confirmed that the Fed’s US$85 billion revolving loan was supporting AIG, and the wave of AIA surrenders in Hong Kong was temporarily stopped. The deteriorating trend continued, and the stock price of Tottenham Hotspur, the world's first team to list the team, also suffered a devastating blow.
The teams that competed in the Premier League in the 2007/2008 season were heavily in debt. The league as a whole was condemned and disapproved by UEFA. Most of the teams were at the end of their lives. Due to poor management, the teams sought overseas investment and sold stars. There is no guarantee for the team itself.
Of the 20 teams competing in the Premier League that season, 10 teams are currently relegated to the English secondary league, and this number is still growing. Among them, Wigan Athletic, Sunderland, and Portsmouth have already been relegated to the Premier League. Bolton, a powerful team that could not be ignored in the Premier League, almost went bankrupt due to economic problems. It is now in the second league and is struggling to relegation. The largest local steel plant in Middlesbrough, that is, the largest steel group in England, the British Steel Group, has also been bankrupted and reorganized in recent years. This national company that accounts for 90% of the British steel production capacity has also been acquired by a Chinese company. This will also cause immeasurable impact and challenges for the local economy and the future of the team.
Germany has large consortia across the world such as Volkswagen, Audi and Bayer, and Italians have huge consortia like the Agnelli family and the Berlusconi family that are involved in various industries, but you ask yourself, what does Spain have? Nothing, so how do they support this huge football industry? In the two years of the economic crisis, Real Madrid and Russell were able to invest wildly in the global market precisely because they still had the ability to rely on personal connections to obtain loans from banks, but when Spanish banks have tightened credit, even Barcelona’s When super clubs rely on loans to pay their wages, it is enough to prove how unhealthy the country’s economy is.
The main source of investment and income for the Spanish team is the members of the team. In addition to relying on member support, Real Madrid and Barcelona have almost monopolized all quotas in the field of football investment in this country, and the domestic investment that other clubs can attract is very limited. . In the 20 Premier League clubs, more than half of the owners are worth more than 1 billion euros. This figure in La Liga was "0" before the Qatar consortium and the Dubaines bought Getafe.
西班牙团队的主要投资和收入来源是团队成员。除了依靠会员的支持外，皇马和巴塞罗那几乎垄断了该国足球投资领域的所有配额，其他俱乐部可以吸引的国内投资非常有限。 。在20个英超俱乐部中，一半以上的老板身价超过10亿欧元。西甲联赛中的这个数字在卡塔尔财团和迪拜人收购赫塔菲之前为“ 0”。
Roig, the proprietor of Villarreal, was a member of the "1 Billion Club", but the sudden economic crisis caused heavy losses to the ceramic factory he relied on for consumer goods manufacturing.
In fact, the real estate's blow to La Liga clubs has been particularly severe. Because the country cannot find the support of a financially strong consortium, they can only hope to sell land to survive like Real Madrid did in the past, but suffered a real estate bubble and deep debt. The collapse of Valencia is exactly the same: The Bats are the only teams in Europe that are hoping to obtain debt restructuring investment from replacing stadiums, but now they "own" two stadiums: one "can't sell." The other "cannot be repaired".
Known as the "engine of Europe" but now satirized as the "ruins of Europe", Madrid and Barcelona account for more than 60% of the country's population. Times. Among the top 20 in the world football club income list in recent years, La Liga is the only one of the five major leagues with only 2 teams short-listed-enough to show the gap between the rich and the poor in La Liga.
However, it is worthy of recognition that Spanish football plays an important role in its overall economy. According to data, Real Madrid’s net investment of 257 million euros reached in 2008, setting the record for the most money-burning in European football. Superstars like Zema, Cristiano Ronaldo, Kaka, and Xavi Alonso joined in; the same Barcelona also invested 112 million euros to reinforce the lineup. The total investment of 400 million euros in La Liga that year can still be seen from the data. Spain's dependence on the football industry is no less than that of a major industry or career in other countries. Football still maintains an important role in economic recovery and promotion. This is an important feature of Spain in the development of the football industry.
但是，值得承认的是，西班牙足球在其整体经济中发挥着重要作用。根据数据，皇家马德里在2008年的净投资额为2.57亿欧元，创造了欧洲足球最赚钱的纪录。 Zema，Cristiano Ronaldo，Kaka和Xavi Alonso等超级巨星也加入其中；同样的巴塞罗那也投资了1.12亿欧元来加强阵容。从数据中仍可以看出拉西加当年的总投资额为4亿欧元。西班牙对足球产业的依赖不亚于其他国家的主要产业或职业。足球在经济复苏和促进中仍然发挥着重要作用。这是西班牙在足球产业发展中的重要特征。
From the prosperous "Little World Cup" to today's situation, the Italian Football League is affected by the global bubble economy, and its domestic situation is also inevitable. In 2001, the total deficit of Italian football clubs at all levels reached 1.675 billion euros. From the 1998/99 season to the 2007/08 season, the total loss of Serie A was as high as 20 billion euros! Similarly in the field of virtual economy, the stock markets of Italy and Spain both fell sharply during the economic crisis, and their long-term government bond yields also rose to near 7% historical highs in the euro area. This indicates that the virtual economies of both countries are also facing Great danger. In such a sluggish economic environment between the two countries, La Liga and Serie A took the lead in the suspension crisis of the league. Those who originally intended the next family also gave up the acquisition plan, so that the club can only reduce costs by arrears, salary cuts or layoffs; in addition, in order to reduce the deficit, governments in this case tend to treat high-income earners. Tax increases for players have caused conflicts between the players union and professional leagues. The Serie A crisis is a typical example. In other words, when clubs that were able to operate on debt find that it is extremely difficult (or have no debt at all) now, a lot of things about modern professional leagues are exposed.
The current league model of world football has given many speculators an opportunity to take advantage of. Some capital predators invest in football clubs with huge sums of money and invest in stocks or physical projects. Buying low and selling high are almost the same: they first acquire a relatively high valuation. The clubs with low value-added space will then increase the salaries and transfer fees of their players and head coaches to achieve the growth of total commercial value, and then look for the next player to make a profit at a high price after a period of time. This kind of business philosophy is a process of blowing big bubbles. Everyone doesn’t care how much the team should invest, but just invests a certain incredible amount of money. Their high investment, high investment, in exchange for a team that seems unmatched on the surface. They don’t care about players’ annual salary of millions or even tens of millions of euros, and they don’t even care about the injustices of small and medium-sized clubs in such cruel competitions. They are forced to sell their core players like "selling children and selling girls" and cut back. The team invests in striving for a "one inch seat" in the top league. These investors only care about whether they can play the "Ponzi scheme" of football if they find a suitable next home, at a reasonable price... Quite a few of them don't care about football itself, only use it. This tool achieves profit or other purposes (such as money laundering, tax avoidance, transfer of property, or bargaining chips, etc.). It only cares that the bubble must continue to blow in order to make money. The professional leagues and most of the non-rich club players have become the blow The victims of bubble games, especially those teams that are relegated to low-level leagues and small teams abandoned and abandoned by wealthy businessmen, Where are their prospects? In other words, local privates who really like a team and support a club Bosses, fans, where is their investment and return?
The problem is that at the end of this capital game, if these clubs are unable to find new buyers, this big bubble will collapse. This danger is particularly prominent in the context of the international financial crisis. On the one hand, the companies or individuals to which the clubs depend are unable to maintain the original operating costs due to tight funds; on the other hand, some originally intentional next companies have also abandoned the acquisition plan. As a result, clubs can only reduce costs by owing wages, reducing salaries or layoffs. Today’s football is also facing such a crisis. Under the influence of Covid-19, leagues around the world have been suspended, players infected, and teams The economic situation has been damaged. Many low-level leagues and even top-level league teams have made many adjustments in team wages and personnel adjustments. International gold, silver, and oil prices have soared and plummeted. Commodities have continued to fall. Regional and Australian problems continue, inflation in emerging countries and regions continues to rise, the Fed pushes or does not push the third period of quantitative easing (QE3), products similar to CDOs continue to be issued by banks, Covid-19 and the growing global ecological environment crisis , Climate change, these have a major adverse impact on the world economy, the major financial institutions and companies in Europe, America and Japan began to lay off large-scale employees, artificial intelligence technology is increasingly emerging, the world football must sound the alarm. Unite and resolutely resist high-debt leagues. More importantly, we must ensure the survival of the low-level leagues and give these more cups room to survive. Even the Bundesliga, which has implemented strict financial control policies for the clubs, is relatively indebted. In few leagues, there are clubs with serious debts like Schalke 04 and Hamburg.