09-09-2015, 06:46 PM
Berlusconi went for the bidder with very unimpressive financial background, but highest bid price, and this is the situation he has to deal with. This is basically a situation where your local street thug tells you he can double your money in a month. Sure, the reward looks amazing, but the risk is also sky high to go along with it. I, for the record, still believe the deal will be done, simply because I don't think Bee would want to pay the cancellation penalties. But until the pen is put to the paper, this kind of rumor will continue to show up.
Sitting from afar, the one thing I have always wondered about Bee was his business plan. He is paying a premium price for the team, and I have to think he is trying to make some money off of this deal. He is, afterall, not a billionaire who can burn through cash without thinking twice for fun. His plan, up to this point, seems very ambitious. And since the timing of the plan is also very short (IPO in two years, 300M+ revenue from Asia within the same time frame, etc.), I have to wonder how he actually plan on achieving that. A brand new business plan takes time to be implemented and even longer to achieve its desired results. If tripling our revenue is easy, we would have done it already. What is especially puzzling is that Bee is also retaining a lot of the senior management from current regime (Galliani and Barbara), which will only make implementing the new plan difficult (I don't think I need to elaborate on how difficult working with Galliani is, ask Leonardo).
I am not speculating on whether the deal will go through or not. But as a business professional, not being able to articulate the business plan of the buyer gives me concerns. The deal might go through without any issues, but even after the purchase, lacking a solid business plan could be a major problem for our team.
Sitting from afar, the one thing I have always wondered about Bee was his business plan. He is paying a premium price for the team, and I have to think he is trying to make some money off of this deal. He is, afterall, not a billionaire who can burn through cash without thinking twice for fun. His plan, up to this point, seems very ambitious. And since the timing of the plan is also very short (IPO in two years, 300M+ revenue from Asia within the same time frame, etc.), I have to wonder how he actually plan on achieving that. A brand new business plan takes time to be implemented and even longer to achieve its desired results. If tripling our revenue is easy, we would have done it already. What is especially puzzling is that Bee is also retaining a lot of the senior management from current regime (Galliani and Barbara), which will only make implementing the new plan difficult (I don't think I need to elaborate on how difficult working with Galliani is, ask Leonardo).
I am not speculating on whether the deal will go through or not. But as a business professional, not being able to articulate the business plan of the buyer gives me concerns. The deal might go through without any issues, but even after the purchase, lacking a solid business plan could be a major problem for our team.