bookrebus Chapter 765 Making up for the situation before it is too late
Chapter 765 Making up for the situation before it is too late
In the next two days, the Guan Gong Society was unstoppable and swallowed up most of the assets left by the Gao family.
But just when Manlong and others were in high spirits and wanted to take the opportunity to kick some families out.
"What? The loan contract we signed clearly stipulates repayment in installments over ten years. Why are they calling for a refund?"
In the past, the Guan Gong Association was too dependent on other families and major companies.
Their own property is pitifully small.
And when they began to take over the Gao family's businesses, they discovered that the Gao family had already transferred the assets overseas and the money flowed into the pockets of overseas capital.
There is a huge funding gap if we want to reopen the casino.
They had to use the casino as collateral to borrow money from major banks.
The amount of loans now amounts to tens of billions!
If the original plan is followed, repayment will be made in installments within ten years.
With the casino's profits, it is more than enough.
But they didn't expect that just as they spent the borrowed money, the bank wanted to recall the loan on the pretext of checking the accounts at the headquarters.
Manlong suddenly panicked and hurried to find Ye Yan.
Ye Yan frowned. "What do you think the Martial Arts Association is? A charity? Or a bank?"
"There's no way the Martial Arts Association can help you fill such a huge gap!"
"First, tell me, what exactly happened at the bank? Why did they default and call in the loan early?"
Ye Yan was also somewhat helpless about this.
He abides by the rules and does not interfere in the internal affairs of the Guan Gong Association.
But just because of this one glance, Guan Gong Society caused such a big trouble.
Manlong stammered, "We were careless before. We didn't pay attention to the details when signing the contract."
"According to the bank's explanation, if we use these loans for normal investment, it is completely legal and compliant, and they have no reason to recover them."
"But what we're investing in is... a casino! The bank headquarters wants to review the accounts and is calling in the loan, claiming the risk is too high!"
"If they can't make up the money within a week, they will auction off the casino according to the law!"
Ye Yan's frown deepened.
Once it gets to the auction stage, things get tricky.
Casinos are not normal businesses after all, and prices are difficult to predict. There is a high probability that even if they are auctioned off, they will still be insolvent.
In other words, not only would they lose the casino they had worked so hard to acquire, but they would also be unable to repay the loan!
The huge Guan Gong Association will fall into bankruptcy crisis overnight!
"This can't be entirely your fault. Someone must have deliberately targeted you and set a trap!"
"As for the banks, there's no need to talk about them. So-called international banks like Citibank actually have overseas capital behind them."
"The most important thing is that there is a traitor within your Guan Gong Association!"
"Otherwise, there's no way such a huge loophole in the contract would go unnoticed!"
A fierce look flashed in Manlong's eyes.
"When I get back, I'll immediately find out the traitor!"
Ye Yan sighed.
"It's not too late to make up for the situation before it's too late."
"But the most important thing right now is to fill this hole!"
At this time, he had already guessed who was the person who attacked in secret.
If Guan Gong was willing to bow to the falcon at this time, this difficult problem could be easily solved.
However, if this is done, the Guan Gong Association will inevitably owe huge debts to its overseas branches and other forces, and become a puppet in the hands of Falcon.
"With the Qianji Pavilion's kill order, Falcon doesn't dare to use force, so he starts using soft tactics?"
"How about this, I'll pay for this money, even if it's a loan to the Guan Gong Association!"
Manlong was stunned, his face full of disbelief.
"What? You...you can come up with so much money?"
"Didn't you just say that the Martial Arts Association couldn't possibly take action?"
Ye Yan said casually: "Even if the Martial Arts Association wants to help, it can't afford so much money."
"However, just because the Martial Arts Association has no money doesn't mean I have no money."
"Just say whether you want it or not!"
Manlong was surprised. In other words, this was Ye Yan’s personal investment?
Are you kidding? This is tens of billions, not just hundreds of dollars or millions...
Before he could think it over, Liao Feifan suddenly came hurriedly over.
"Senior Manlong, there's something fishy going on outside!"
"There are rumors that the acquisition of the Gao family's assets was a trap deliberately set by the Martial Arts Association for our Guan Gong Association."
"When we are in an economic crisis, they can easily acquire the Guan Gong Association..."
"Now, the brothers in the guild are discussing this matter, and there is a huge controversy!"
Manlong was stunned.
"That's complete nonsense. Is there anyone who believes such a rumor?"
However, the rumors outside were very credible, and people were certain that the Martial Arts Association was about to take action.
After being framed by the Martial Arts Association and burdened with billions of foreign debts, the Guan Gong Association has become a vassal of the Martial Arts Association from now on.
Some people think it doesn’t matter. As long as the hole can be filled, Guan Gong will have those casinos and will be able to turn things around sooner or later.
But some people are very resistant to this.
They advocate borrowing money from overseas branches and major families to thwart the conspiracy of the Martial Arts Association!
If they are led by the martial arts association, they will be completely making wedding clothes for others. So, do those casinos belong to the martial arts association or the Guan Gong Association?
Ye Yan's brows furrowed even deeper.
"Things really aren't that simple. Falcon is fully prepared this time!"
"It seems like even if I wanted to give my money away, you can't take it!"
As soon as he finished speaking, there was a commotion outside.
Liao Feifan's expression changed: "Falcon is here with all the major families!"
The falconer arrives before the sound.
"Everyone, please come in. I, Falcon, would be deeply grateful to you all for your generosity in helping the Guan Gong Association during this critical moment."
"All the brothers in Guan Gong will remember your kindness and will never do anything to betray us!"