Former Spanish football clubs were all members, but most football clubs are now joint-stock economic entities.
China fans don’t know much about this. They know that Barcelona and Real Madrid are membership clubs, but Spanish football clubs are all membership clubs. In fact, many Spanish football clubs are now joint-stock companies.
But this change is a long story.
In the era of membership, most of the financial situation of Spanish football clubs is very bad. The characteristic of membership is that they are not responsible for making profits at all. Because the law stipulates that they are not allowed to make profits, it is illegal … This sounds ridiculous, and it is mandatory that they are not allowed to make money. But this is the fact that membership clubs manage to spend money, no matter how they make money, they raise funds from members to maintain the development of club students. Otherwise, they will be considered as private pockets …
This has led to such a phenomenon-due to the natural characteristics of membership clubs, such as "the team spends money and the members pay the bill", it is difficult for club leaders to tighten the string of "living within their means" in financial issues. By the late 1910 s, debt was a common feature of many Spanish clubs, and the debt of La Liga club was even more terrible to the point of hundreds of millions or even billions of pesetas.
In order to save professional football clubs from imminent economic collapse, so that they can develop healthily in the future, the Spanish government issued a special decree in 1999. According to this decree, the state will pay off the debts of the clubs first, and the latter will repay the money to the Ministry of Finance in 12 years. At the same time, the clubs must be reorganized into economic entities with limited liability, and the more debts the clubs had before, the higher the amount of registered capital they needed. Otherwise, waiting for the club will be immediately forced to be demoted to the third grade or simply dissolved and punished. The Spanish government issued such a law in the hope that the football club can achieve real self-discipline in the financial level after it is incorporated, so that the management of the club will be more transparent.
In order to raise registered capital, clubs have chosen to sell future shares for financing, and most of them have adopted a "three-step" strategy, that is, selling future shares to members in April and May 1992 and selling shares to fans in June.
After the completion of this link, the classical membership club has been given a new meaning. After the purchase of shares, the club members and ordinary fans have been promoted to shareholders-although they are small shareholders, in the process of buying shares, due to the huge amount of debts of the club and the limited contribution of small shareholders, it is natural that a tycoon will spend huge sums of money to eat many shares and become a large shareholder. After the reorganization, the large shareholder will reasonably enter the club board of directors and become the actual head of a limited liability sports company.
Francisco Flores, a businessman in olive oil business, naturally took this opportunity to become the owner of Hertha Club.
Of course, he himself is an old member of Hertha Club, and his love for the team will not change because of money, but by letting him take control of the team, he will be more confident to bring Hertha to a broader stage.
Hertha really took off from his team.
Climb from the smallest team that hangs out in the regional league.
Finally climbed to the Spanish second division, just one step away from the top division.
It’s all thanks to Flores, or in other words, Flores’ investment in peseta …
Although many fans and players have to change the club manager Moscow, they still respect the club president Flores.
After all, it was this man who brought Hertha a new life.
……
Flores lives in a villa in downtown Madrid.
His olive plantation is in the sunny Andalusian region of southern Spain, which is the best olive oil producing area in Spain.
He has a modest manor there.
Francisco Flores is an ordinary one among many olive oil merchants in Spain.
Thanks to Hertha’s small team, it’s hard to say whether his financial resources will last for a long time.
……
When Changsheng arrived at Flores’ home, he first gave himself a gift from China-a fiery red Chinese knot with a fast ceramic decoration in it.
This, of course, is not his special gift for Flores.
Actually, Chang Sheng went to the wholesale market in his home city when he left … There are fifteen dollars for big and small, two dollars for small, and as much as he wants.
Changsheng is wholesale to give away.
When he came back, he sent a message to every colleague. Of course, the players were not left behind.
For ordinary Europeans for two years, China is still a place full of mystery. It is always better to give them these things, which are novel and interesting enough for them to get a gift from China. This is an enviable thing.
However, Chang Sheng didn’t give Flores a reason. There seems to be no good reason or opportunity.
I didn’t expect to finally send it out now.
This is the biggest and most exquisite thing he brought back. It doesn’t look like more than ten dollars.
Flores looked very happy after seeing this gift.
"This is really beautiful!" The master was a little fond of it, and then announced that he would let the servant hang this Chinese knot in a prominent position in the living room.
I can see that he likes this gift very much.
But this move hanging in the most eye-catching position in the living room is not very fond of gifts.
This means that he attaches importance to the gift giver.
Changsheng is not a fool, and naturally he can see the meaning.
In fact, he has never been very white. Why is Flores so optimistic and supportive of himself?
If this is because he led the team, he showed such a trend before, and his current achievements are inseparable from his previous support
Without the support of the club president, I’m afraid Gen won’t make it to the new season …
After receiving the gift, Flores introduced his family members to Changsheng one by one, including his wife, eldest son, eldest daughter-in-law, children and younger daughter-in-law, an unmarried little daughter and, of course, little grandson and granddaughter.
Everyone is happy.
Everyone is very enthusiastic about winning with a smile, unlike others, who are rich and look down on others.
This may be related to Chang Sheng’s achievements in Hertha.
Chang Sheng’s teaching achievements with Hertha have proved his ability. If he has strength, he will never be looked down upon.
Changsheng greets everyone.
……
Flores’ family dinner is still quite rich.
The family ate and drank and chatted.
Everyone is interested in the mysterious East.
Especially children, the East seems to be able to appear in myths.
Now that there is an oriental visitor at home, they will naturally not let go of their constant victory.
Pestering Changsheng to talk a lot about China.
It is also very strong for Tan Xing to be able to declare its motherland’s constant victory so directly.
Changsheng has become the protagonist of this meal, and everyone will be interested in him.
Everyone laughs from time to time in the restaurant.
A meal is a pleasure for both the host and the guest.
However, it is still difficult to doubt in the heart of winning.
Is his boss just inviting himself to eat such a meal?