普华永道——Business Recovery Services Germany-Credentials.ppt

* * * * * * * * * * * * Company Overview Sports club in the German football league with considerable national and international success High costs for players and agents of players in the past Causes and Areas of Crisis Imminent tax back duty of at least € 1 million Substantial financial burden due to considerable extension of sports stadium plagued by delays in building activities Failure in current football season, risk of relegation Declining revenues from utilization of TV-rights, sponsoring and advertising activities PwC-Approach – Major Steps Reduction of indebtedness status by relocation of non-current assets into a special purpose company Reduction of labour costs by shortening of players squad and new contracts Proceedings with tax authorities concerning the treatment of tax receivables Review and plausibility check of presented business planning Contractual workout of restructuring agreement Key Outcomes Restructuring agreement has been signed by all stakeholders involved Implementation of the developed financing concept and establishment of an special purpose company Club fully retained its capacity to compete in sports Client Feedback ? PwC has achieved to restore the confidence of creditors as well as of the general public and to ensure the general framework for future success in sports.“ Hospitality Leisure:Professional Sports Club Our Credentials Company Overview Insurance company which is obliged to repurchase vehicles from a leasing company, if lessee does not meet his contractual payments Lessee rents commercial vehicles to carriers in eastern and southern European countries In transparent legal and commercial circumstances regarding situation of debtor/lessee and company group PwC-Approach – Major Steps Investigation of actual situation of lessee regarding: - Transparency of legal company structure and economic involvements - Contractual relationships and security interest - Over-indebtedness Consulting of the creditor/insuran