It is precisely because the situation is so bad that the Kirsch Group has to start selling some of its high-quality assets that some people want.

In order to obtain new capital injections to save the dying parent company.

It means that some are just a drop in the bucket, and some drink poison to quench their thirst.

"The hard days will pass," Kerry Kirsch could only say. "My brother always told me that."

Kerry Kirsch is the younger brother of Leo Kirsch, founder, chairman and CEO of Kirsch Group.

"Then I wish the Kirsch Group to get through this difficult day soon." Abel said with a smile.

Kerry Kirsch sighed inwardly.

The old guy knew that the American tycoon in front of him didn't want to take over the Kirsch Group's mess.

But Kerry Kirsch can't blame Abel, because Abel is not the only one like this.

Even local German banks and even the German government do not want to help the Kirsch Group in its current situation.

The reason is very simple. The Kirsch Group has found itself in this predicament because it originally asked for it.

This media group company is a typical example of someone who has no money and still wants to pretend.

It was the Kirsch Group that forcibly increased the price and fees of Bundesliga broadcast rights by three times in five years and three times in ten years.

The exaggerated broadcast fees allowed the Kirsch Group to monopolize the broadcast rights of the Bundesliga, making the Bundesliga teams very happy.

It's just that if you eat it, you will eventually vomit it out.

In parallel time and space, Kirsch Group will be liquidated next year.

Then the Bundesliga, which had made a good living for several years thanks to the Kirch Group, was in unlucky condition except for Bayern, which was suspected of insider trading and took a sum of money from the Kirch Group in advance.

The big teams are okay and can survive. Those small and medium-sized teams almost followed suit after the collapse of the Kirsch Group.

The Kirch Group's 800 million euro contract with the Bundesliga has evaporated, and many small clubs are on the verge of bankruptcy. Kaiserslautern, Nuremberg, etc. even need donations from players to stay in business.

It was later that German banks and local governments came forward to provide loan support, which allowed the Bundesliga to continue.

But after that, after a few years of fun, the Bundesliga once again turned from extravagance to frugality, and the hard days passed again.

In parallel time and space, the Kirsch incident caused Berbatov and other stars to leave the Bundesliga.

This crisis has even spread to distant Italy.

Before the start of the 2002-03 season, Italian national television drastically reduced the broadcast fees paid to Serie A, from 88.5 million euros to 45 million euros.

The sharp drop in broadcast revenue has put a large number of small and medium-sized clubs in trouble. Fiorentina, one of the seven sisters in Serie A, directly declared bankruptcy.

The same example is the World Cup.

It is exaggerated that the Kirsch Group can accumulate so much debt.

It has something to do with Leo Kirsch, the founder and chairman, insisting on buying out the global television broadcast rights for the 2002 and 2006 World Cup at a sky-high price of US$1.67 billion.

Leo Kirsch's series of wise operations since the 1990s have almost ruined Germany's number one media group.

Kerry Kirsch saw Abel's "rich wealth" at this time.

If the desperate Kirsch Group can obtain funds from Abel.

Or if Abel is allowed to take over the Kirsch Group, Kerry Kirsch feels that there is hope that the Kirsch Group can be revived.

Who knew that Abel Smith's reputation as a wealthy man had already crossed the Atlantic and reached Europe?

Maybe that way, the turnover can be maintained and the company can last longer.

It's just that Abel's advisory team has already reported these situations to him.

Even suggestions were given.

That is that Kirsch Group is not worth owning. It is too heavily in debt and has become insolvent.

What's even more troublesome is that something went wrong with Leo Kirsch's wise judgment.

For most of the items owned by Kirsch Group, the profitability does not match their costs.

For example, Kirsch Media Company's average annual pre-tax profit over the past three years was only about 200 million euros.

If corporate tax is paid, the profit of 150 million euros may be lost.

The profit of 150 million euros is only enough to repay the interest on debts, and this year's situation looks like it is not even enough.

In addition, it is impossible for its income to increase significantly within a few years.

This means that Kirsch Media will continue to lose money for at least five years.

With a debt of 2.2 billion euros and continued losses, few people can bear it.

Subsidiaries like this can be said to be spread throughout the Kirsch Group.

The local German media described it best. At this time, the Kirsch Group was covered in cancer, and the cancer cells had spread throughout the body.

Only two or three ounces of meat are left on the body that are good, and the rest are all filled with cancer cells.

This caused Abel, who was originally quite interested in the Kirsch Group, to retreat.

It is true that Abel is not short of money, and it is true that he wants to let the world hear the voice of Smith Media.

But even he would not jump into such a huge pit.

Fortunately, the advisory group also gave him advice.

The advisory group suggested that Abel should not invest in the Kirsch Group.

But if the Kirsch Group wants to borrow money, it can lend it out with some terms.

In that case, Kirsch Group really has a contingency, and with the priority clause, Smith Media may have the opportunity to acquire some high-quality assets of Kirsch Group.

It's just a pity that everyone thinks so.

The banks and companies that lent money to the Kirsch Group have already allocated the high-quality assets of the Kirsch Group.

Unless Kirsch Group can survive, it will not be able to mortgage high-quality assets that can still be disposed of to Abel.

In other words, even if Abel wanted a loan, Kirsch Group would not be able to provide him with the high-quality assets he wanted.

SELC's shares are already the only high-quality assets available for sale.

Everything else has been mortgaged.

Kerry Kirsch did not mention the loan, but directly asked Abel if he was interested in shares.

That doesn't exist naturally.

Kerry Kirsch had to leave with regret.

Abel also felt a little sorry.

There is no doubt that the Kirsch Group is a big piece of fat. Unfortunately, this fat is covered with cancer, making it prohibitive.

Fortunately, it was not without gain. At least I bought 75% of SELC's shares.

After taking care of Kerry Kirsch, Abel talked with everyone else.

Just like what was said before.

Those who can come here have already negotiated with Abel's advisors in advance.

I came here just to go through the motions and make final decisions.

Among the remaining guests were the owners or representatives of several newspapers including the British Daily Mail, Daily Star, and Daily Express.

Don't look at these newspapers, each of them has a "daily" prefix.

They actually have nothing to do with the Telegraph Media Group. They just have "Daily" in front of their name, just like the "Daily Telegraph".

The "Daily Mail" is a "high-end newspaper" similar to the "Daily Telegraph". It is similar to the Times and the Guardian in terms of seriousness and international focus, focusing on financial news.

"Daily Express" is a middle-level newspaper. It is famous for its short, concise and easy-to-understand articles. Most of its readers are from the middle and lower classes.

As for the "Daily Star", it is a pure tabloid, and its status in the UK is similar to that of the British "Sun".

The content of this newspaper includes betting, weather forecast, women and sports news, entertainment news, etc.

It is also one of the most famous paparazzi newspapers in the UK.

For the owners or representatives of the owners of these newspapers, Abel also cut through the mess quickly.

If you have no problem with the price, then start preparing the contract and transfer agreement.

If you have any questions, ask someone to leave first and talk to your own advisory team.

This allowed him to take care of the first five customers in only about an hour.

After sending away these five guests, only an old man in his seventies was left in front of Abel.

Allen continued to introduce Abel, "BOSS. This is Mr. Kerry Landzer. He is the chairman and CEO of Landzer Entertainment Media Company."

"Hello, Mr. Landzer." Abel smiled.

He cut through the mess quickly and reached many deals in a short period of time.

He is now very happy that he has established this advisory group similar to the "Military Aircraft Department".
To be continued...