I Become A Noble in England

The Devonshire landed in Baltimore, Maryland, which is on the east coast of the United States, not far from New York.

After Barron returned to Melbourne from China, he found that Jenny Butt was still "accompanying" Bonnie, and she and Countess Chris Butt had moved into the luxurious villa where Barron and Bonnie lived.

Therefore, Earl Bute had some business to deal with and had returned to London, and Barron was also away for the time being, so the three women naturally lived together.

In Jenny Butt's words, when Barron goes to America in a while, they can take a private plane back together.

Well, Barron had to come to the Sinclair Group's headquarters anyway, which was why he arrived on the same plane with Jenny Butt this time.

However, it was not until the plane landed that Jenny was able to pack and arrange her clothes.

It was also obvious from her movements that the previous "exercise" still had a great impact on her walking.

In fact, Barron came here this time at the invitation of John Smith - in addition, he had important matters to discuss with Barron.

Therefore, the other party sent a car directly to the airport to pick them up, and John Smith also took time out of his busy schedule to come and pick them up in person.

"What's the matter, dear?"

Although Jenny tried her best to endure it, John Smith still noticed the slight abnormality in her walking. When she heard her husband asking this, she couldn't help but blame Barron in her heart. Why was he so... violent on the plane that she still has sequelae now.

But she forgot who had initiated the flirtation in the beginning...

"It's okay, John. I just got an upset stomach from eating seafood in Melbourne yesterday. I haven't been feeling well since."

"Yeah?!"

John Smith said nervously:

"Why don't we take you to the hospital later, baby."

When she heard that they were going to the hospital, Jenny Booth immediately said,

"It's not that serious. I've taken medicine and I'm much better now. Let's go home first."

Since Jenny said so, John Smith put the matter aside for the time being and said to Barron:

"Glad you could come, Barron."

"I'm glad to see you again, too, John. Let's go to your place first and let Jenny rest. Don't you have something to talk to me about?"

The Devonshire itself came with Barron's convoy, so they followed John Smith's vehicle and arrived at John's home.

"There was an unexpected situation, Barron. I only found out about it not long ago..."

After Barron and John Smith were left alone in the study, he frowned and said to Barron,

"I received a call from the bank and learned that our family trust still has a high loan..."

It turned out that before, when the stock price of Sinclair Group was about to fall below $20, John Smith received a notice from the bank...

The other party told him that there was a mortgage loan of US$450 million, which was secured by 23.38 million shares of Sinclair Group held by the Sinclair Family Trust.

Because the Sinclair Group's stock price continues to fall, the other party now requires the Sinclair family to increase collateral or repay part of the loan. Otherwise, if the Sinclair Group's stock price is lower than US$19.5, the bank will consider selling these shares to recover losses.

After hearing the news, John Smith was very shocked because he had never known about this matter before.

Originally, the person with the greatest say in the family trust was John's eldest brother David Smith. However, he was stimulated at the last board meeting and suffered a stroke and fainted. He has not been conscious until now. Therefore, as a member of the Sinclair family, John Smith, who is now the chairman, needs to deal with this matter.

"John, you told me this. Aren't you worried that I might think something of the Sinclair Group?"

"You mean the shares we pledged in the bank? Impossible, Barron. You should understand that you can't control the Sinclair Group."

This is also the reason why John Smith chose to work with Barron, because Barron knew that what he said was true in a sense.

Just like in some key industries, managers prefer to cooperate with foreign capital because under certain restrictions, it is difficult for the other party to gain control of the company and at most they can exert a certain influence. Therefore, cooperating with those foreign capitals makes it easier to divide other shareholders to ensure control of the company.

The "certain restrictions" mentioned here are not written in any clauses, but are implicit rules.

Just like some media and energy companies in the United States, on the surface, they have always advertised themselves as a fair and open market. However, in these industries, when foreign capital is involved in controlling a company through equity, then in the name of national or public security, these foreign acquisitions will be subject to extremely strict investigation and review.

It is no exaggeration to say that in the "open and free" America, if you buy stocks of certain energy companies, you will be investigated by the CIA...

Therefore, John Smith was very sure that even if Barron knew that their family trust held 23.38 million shares of Sinclair Group, accounting for 25%, and there was a risk of being forced to sell by the bank, even if they wanted to sell them, the bank would not sell them to Barron, a "foreigner" with more Wall Street capital to choose from.

It's not that these banks are so "patriotic", but if they are sold to foreign capital, they will encounter strict and lengthy scrutiny, while if they are sold to Wall Street capital, there will be no such trouble. The choice is obvious.

It is worth mentioning that the bank that provided the Sinclair family trust with shares as collateral for loans was the Bank of New York Mellon.

This also explains why they had stood firmly on David Smith's side before.

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

After all, their goal is not to get shares of the Sinclair Group, but to earn interest income from the loan.

In their view, keeping David Smith running the company would make the company more stable and their loan more secure.

"You actually have more than one option now, John..."

When Barron finished speaking, John Smith's eyes widened:

"I kicked David out not because of personal grudges, nor did I want to destroy my family's efforts in Sinclair Group. Barron, if I hadn't seen that David would lead the company into the abyss, I wouldn't have done this..."

John Smith also understood what Barron meant. Although his eldest brother David Smith was still in the hospital and unconscious, the shares held by the family trust would still be under its control as long as he was alive. This was always a threat to John Smith.

Now, when the mortgage loans on these shares became a crisis, he could make a choice...

John Smith could even deliberately have these shares forced to be sold by Bank of New York Mellon, so that he would no longer have the threat from David Smith - the other party would not be able to use the Sinclair Group shares in the family trust against him.

But you should also know that the Sinclair family's total shareholding in the Sinclair Group is only 43%.

The largest portion of this is the 25% stake held by the family trust.

The remaining shares are held by six family members.

If these shares are taken back and sold by Bank of New York Mellon, it means that the Sinclair family's control over the group is likely to fall apart.

Currently, Sinclair Group's stock price is hovering around $20. If it drops slightly to $19.5, it will be very dangerous.

The source of all this was earlier last year, when John Smith's father Julian had not yet passed away. Julian and David Smith decided together to obtain $450 million in funds by mortgaging 23.38 million shares held by the family trust to the Bank of New York Mellon.