Farhad Moshiri

[Bullet]

In fairness, it's not me that needs to be enlightened but the people asserting that loans have been paid off.
I am sure that the short term funding will be paid off in the near future, but the Pru/AIB needn't be at present as there is no threat to the underlying income stream that it is secured on.
I may be wrong though.

Indeed I just thought it would make for a more dramatic post to word it that way.
I assume the intention is to pay off the debt in future, if and when Moshiri's stake is enlarged. Can't see any compelling reason why capital should be expended upon it now when it could be used in transfer fees / wages to strengthen a team that remains weak in several areas.

 

[hibbo'sclass]

Indeed I just thought it would make for a more dramatic post to word it that way.
I assume the intention is to pay off the debt in future, if and when Moshiri's stake is enlarged. Can't see any compelling reason why capital should be expended upon it now when it could be used in transfer fees / wages to strengthen a team that remains weak in several areas.

I would imagine that the short term debt via RMF/Carroch Holdings will be paid off and not renewed shortly due to the term being up. Now @The Esk reckons that this was paid off using the May tranche of PL money, but given the minimal (if any) saving on interest, the fact that EFC/RMF and the person providing the funds via Carroch Holdings would have to act in concert not to remove charges, and based on CH being a 2005 act IOM company, it becomes redundant when the loan is repaid. Could be kept to re-use, but as it would appear that the new funding was given, one company per club was set up, the other Manx co being in respect of West Ham (I think) doesn"t make sense to keep it.
Long term debt - no need to pay off as outlined previously.
Thing is, as long as the RMF/Carroch structure goes and not replaced by similar borrowings, I'm not bothered.

If you read this diatribe, I doff my cap to you.

 

[The Esk]

I would imagine that the short term debt via RMF/Carroch Holdings will be paid off and not renewed shortly due to the term being up. Now @The Esk reckons that this was paid off using the May tranche of PL money, but given the minimal (if any) saving on interest, the fact that EFC/RMF and the person providing the funds via Carroch Holdings would have to act in concert not to remove charges, and based on CH being a 2005 act IOM company, it becomes redundant when the loan is repaid. Could be kept to re-use, but as it would appear that the new funding was given, one company per club was set up, the other Manx co being in respect of West Ham (I think) doesn"t make sense to keep it.
Long term debt - no need to pay off as outlined previously.
Thing is, as long as the RMF/Carroch structure goes and not replaced by similar borrowings, I'm not bothered.

If you read this diatribe, I doff my cap to you.

The Premier League payments were assigned to the lender, thereby meaning as you know that the lender received the payments, deducted the amount due and forwarded the balance to Everton as in previous years.

The difference this year is that we do not have to continue the short term lending agreement because of the additional TV revenues and the working capital injection by Moshiri.

Re the long term debt, despite the fact I've not seen supporting documentation (and nor should I have), I'm comfortable that the long term debt has been repaid both in terms of the identities of the sources of this information was and the recent acquisition of land for the new stadium.

 

[summerisle]

Perhaps this is why he left Arsenal.

http://arseblog.com/2016/08/stan-kroenke-problem-will-probably-get-worse/

 

[TheFinnFan]

Perhaps this is why he left Arsenal.

http://arseblog.com/2016/08/stan-kroenke-problem-will-probably-get-worse/

...and again...why did Usmanov bail his business partner out?....something just doesnt feel right there.

 

[TheFinnFan]

We are so lucky that we got Moshiri

 

[DualityNSNO]

Perhaps this is why he left Arsenal.

http://arseblog.com/2016/08/stan-kroenke-problem-will-probably-get-worse/

That's not what I expected from a website called "arse blog".

 

[summerisle]

That's not what I expected from a website called "arse blog".

From past experience ?

 

[DualityNSNO]

From past experience ?

Well... yeah?

 

[Brennan]

The vaults only go back 10 pages.

I used it first.

Fact.

L o l !

Imagine only thinking you can vault people using the site search function.

Bless.

 

[bizzaro]

The Premier League payments were assigned to the lender, thereby meaning as you know that the lender received the payments, deducted the amount due and forwarded the balance to Everton as in previous years.

The difference this year is that we do not have to continue the short term lending agreement because of the additional TV revenues and the working capital injection by Moshiri.

Re the long term debt, despite the fact I've not seen supporting documentation (and nor should I have), I'm comfortable that the long term debt has been repaid both in terms of the identities of the sources of this information was and the recent acquisition of land for the new stadium.

I agree.

It makes no sense not to pay it off if it was easy for Moshiri to do at minimal cost relative to year to year costs.

 

[AmericanBlue]

Moshiri's only recently bought a 49.9% stake in EFC. Why on earth would he expend tens of millions paying off debt during his first transfer window, and before he's exercised his option to increase his stake to 75%, when he could dedicate those funds to the transfer budget?
It makes no sense because it hasn't happened. There. You've been enlightened.

It's called having a vision for the furure, a plan. You don't just wake up and you're a billionaire. Laying groundwork v important.

 

[davek]

The Premier League payments were assigned to the lender, thereby meaning as you know that the lender received the payments, deducted the amount due and forwarded the balance to Everton as in previous years.

The difference this year is that we do not have to continue the short term lending agreement because of the additional TV revenues and the working capital injection by Moshiri.

Re the long term debt, despite the fact I've not seen supporting documentation (and nor should I have), I'm comfortable that the long term debt has been repaid both in terms of the identities of the sources of this information was and the recent acquisition of land for the new stadium.

If the words 'we do not have to continue the short term lending' were replaced by 'we did not continue the short term lending' and documentary evidence was in place to confirm land acquisition for a new stadium, then disbelievers become believers.

I dont blame people for having doubts about what goes on at Everton, more especially around debt. Experience tells you it's wise to be cautious where this club is concerned, and it'll take more than reassurances to allay those fears.

 

[Toffeelover]

If the words 'we do not have to continue the short term lending' were replaced by 'we did not continue the short term lending' and documentary evidence was in place to confirm land acquisition for a new stadium, then disbelievers become believers.

I dont blame people for having doubts about what goes on at Everton, more especially around debt. Experience tells you it's wise to be cautious where this club is concerned, and it'll take more than reassurances to allay those fears.

Why should the club provide documentary evidence? Is there a requirement for it to do this? Or are you asking for this to satisfy your disbelief?

Really do not understand you on this at all, these could well be and most likely confidential information on finances so why should the club make it public? Why not have a little patience and give the club time to reveal all.

 

[davek]

Why should the club provide documentary evidence? Is there a requirement for it to do this? Or are you asking for this to satisfy your disbelief?

Really do not understand you on this at all, these could well be and most likely confidential information on finances so why should the club make it public? Why not have a little patience and give the club time to reveal all.

We've been strung along by the Johnson and Kenwright regimes for decades. I dont take face value anymore. Not many Evertonians do. An unimpressive transfer window followed up by another pie in the sky stadium announcement wont be acceptable.