Farhad Moshiri

[toffeeblue9]

Has anyone considered that Moshiri could be playing a long game. Get the team improved, up the table, Euros footie and a new stadium on the waterfront! The club then becomes a very attractive proposition for a future takeover and Moshiri comes out of this with a great deal more money than he put in.

It's feasible

To be perfectly honest, if he manages to do that I'd vote we build a statue of him on the waterfront and name a stand after him because even in using us to make a profit he'd have done more for this club than anyone in the last 30 years

 

[hoppy]

Have Some Questions
Is Moshiri using his own money to fund these new signings has he paid any of our debt off or is Everton taking out new loans to fund these signings Does Anyone Know.

 

[MartyMcFly]

Just on the idea you mention that debts were paid off by shares I'm not sure what you mean?

Moshiri's original acquisition of 49.9% did not place money inside the club. All it was was the transfer of shares from several large shareholders to Blue Heaven Holdings for a cash consideration received by the shareholders who sold. The club's financial position did not alter because of that purchase.

It has altered since by an injection of cash from BHH which allowed the long term debt to be repaid - although the club has not officially confirmed this.

The further unofficial news last week of land purchases in and around Bramley Moore Docks is also an indication that the long term Prudential/AIB debt has been repaid - given the security terms attached to that debt I'm sure the land purchase would not have gone ahead prior to the satisfaction of the long term debt.

Ok can you explain to me then how he can "inject" money into the club without deluting other people's shareholdings or giving it as some sort of loan?

It's not likely to just be a gift.

 

[moyes cardy]

Have Some Questions
Is Moshiri using his own money to fund these new signings has he paid any of our debt off or is Everton taking out new loans to fund these signings Does Anyone Know.

The debt he cleared - no doubt signings now are based on the extra TV avenue and a more amenable bank manager. Without question this is a min 5 year plan, being linked to Hart (regardless of differing opinions) underlines the ambition - 6 months ago this would have been laughed at.

 

[The binman chronicles]

Have Some Questions
Is Moshiri using his own money to fund these new signings has he paid any of our debt off or is Everton taking out new loans to fund these signings Does Anyone Know.

He hasn't had to use any of his funds so far as the Stones money + extra tv deal has covered it all.

I'm sure he will provide the funds if required though. According to people in the know he has paid off the debts, just waiting for it to be confirmed.

Whatever it appears the club is going in the right direction, it's best to just wait and see. Only time will tell if Moshiri is as good as he seems at the moment.

 

[Toffeelover]

If Moshiri has cleared the club'c debts that is a big

 

[bring the ghost on]

Apparently 50% of the John Stones transfer fee has gone towards his new yacht which he's called The Mosh Boat, absolutely appalling.

 

[deipnosophist]

Have Some Questions
Is Moshiri using his own money to fund these new signings has he paid any of our debt off or is Everton taking out new loans to fund these signings Does Anyone Know.

not too many DAKs around here mate

 

[The Esk]

Ok can you explain to me then how he can "inject" money into the club without deluting other people's shareholdings or giving it as some sort of loan?

It's not likely to just be a gift.

It will be one of the following (i) an unsecured loan or (ii) an advanced payment against the issue of future shares when he has exercised the options agreement (ie some form of convertible loan).

We may be told in the near future but I suspect it will appear in the next report and accounts as a post balance sheet event.

 

[The binman chronicles]

Ok can you explain to me then how he can "inject" money into the club without deluting other people's shareholdings or giving it as some sort of loan?

It's not likely to just be a gift.

I may be way off here but as far as i understand it, as Moshiri invests after certain defined milestones are passed his shareholding increases.

What they are I have no clue though...

 

[bring the ghost on]

I may be way off here but as far as i understand it, as Moshiri invests after certain defined milestones are passed his shareholding increases.

That isn't the case mate, his investment levels and shareholding are unrelated.

 

[The Esk]

That isn't the case mate, his investment levels and shareholding are unrelated.

I think he's relating to certain trigger points or conditions to be met to exercise his options agreement.

 

[bring the ghost on]

I think he's relating to certain trigger points or conditions to be met to exercise his options agreement.

Yeah, there have been rumours that his option agreement is linked to certain "conditions", i.e. levels of investment, planning permission for stadium, etc.

I personally don't buy into that rumour, the reasons being (1) Moshiri would have been dictating the terms of the acquisition (given his very strong negotiating position) and his legal/financial advisors will have set the structure for the purchase price to include options (not the sellers' advisors), I would be very surprised if Kenwright & the other sellers took this stucture on board and sought to add any conditions into the call options, (2) it is pretty clear that the reason for the 49.9% shareholding (and existence of options) relates to the prudential loan, hence why it was structured thusly, so again, I think Moshiri will just exercise the option at a certain date or simply when he feels he is ready to do so, not as dictated by the selling shareholders.

 

[The Esk]

Yeah, there have been rumours that his option agreement is linked to certain "conditions", i.e. levels of investment, planning permission for stadium, etc.

I personally don't buy into that rumour, the reasons being (1) Moshiri would have been dictating the terms of the acquisition (given his very strong negotiating position) and his legal/financial advisors will have set the structure for the purchase price to include options (not the sellers' advisors), I would be very surprised if Kenwright & the other sellers took this stucture on board and sought to add any conditions into the call options, (2) it is pretty clear that the reason for the 49.9% shareholding (and existence of options) relates to the prudential loan, hence why it was structured thusly, so again, I think Moshiri will just exercise the option at a certain date or simply when he feels he is ready to do so, not as dictated by the selling shareholders.

Sure, I hear what you are saying but I have it on pretty good authority that there are milestones attached to the options.

Re the Prudential loan, it was me who brought the change of control clause to the public attention thereby restricting the initial purchase to 49.9%. Further to the Pru loan, further evidence of it having been repaid is the land acquisition as it is very unlikely the club could/would have acquired the land with the original secured loan still in place.

 

[TheHumbleEgg]

I doubt him - 100%.
He's jumped ship from the gunners where he'd have very little of the TV money in his own pocket, to us where he'll have 49% of the TV for very little outlay. He's not going to invest big. He's not going to have a "warchest" as others said when he bought his stake. He's no different than the muppet that had Villa or the pair who had that shower up the road.

...HIYA