Lol. Paying for shares is not investing.
He's loaned cash to pay off debt...which is the new long term debt.
We sold a player to pay for incoming players last summer.
We have promises of jam tomorrow on the stadium front.
Sick of hearing how better off we are under this feller. We might be in time, but now is not that time and no amount of spin can make it seem so.
Paying for shares is investing. He is 'investing' HIS money into Everton Football Club, to own a significant shareholding in the club, which then gives him the position of being able to affect things within the club. Just because HIS money went into Kenwright and Woods pockets and not directly into the club's coffers is completely irrelevant. Moshiri made a significant contribution by paying the necessary £89m asking price to obtain 49.9% of Everton. This is completely inarguable.
Secondly, he paid off the debts, of which we were being charged crippling interest on every year. We have had these long term debts for over 20+ years. He paid another £80m - of HIS own money - to clear these debts, that were debts attributed to something he owns 49.9% of. So he effectively now owes himself £80m. The loan is interest free. There is no timetable for repayment. He could very easily convert the loan into equity and expand his shareholding into the club that way. So again, he's made a significant financial contribution.
Running financial total spent by Moshiri thus far, based just on the two things above: £89m + £80m = £169m.
Now on to more of his spending....
Roberto Martinez threatened to take Everton to court after his dismisal, demanding £12m compensation for payment on the rest of his contract. He settled out of court with Everton, for £10m.
Add that to the money Moshiri shelled out. Plus pay offs for Martinez backroom staff.
Ronald Koeman came to Everton because we agreed to pay him £6m a year. This is double what Martinez salary was.
Since July 1st, 2016, we have spent £76.1m on signings, and have recouped £47.5m due to one player sale. Total net spend on players thus far is £28.6m.
Just for comparisons sake, during that same time period, LFC have spent £61.9m and recouped £77.8m. Which puts Moshiri's spending commitment into perspective, compared with FSG.
So all in all, thus far, in the space of less than one year, Moshiri has spent well over £200m bankrolling Everton Football Club.
And that's also including money spent doing up Goodison and also a lot of money paying the likes of Dan Meis for stadium design and all the associated costs with investigating the feasibility of Bramley Moore Dock.
It's absolutely embarrassing and shows supreme ignorance, not just to basic facts but also to Everton's financial history over the past 17-18 years - to even question Moshiri's financial backing of Everton Football Club at this point. He is totally transforming the club.
