Farhad Moshiri

[Toffeelover]

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.

Dave you are too sceptical by far, forget about BK, SE etc that is in the past.

 

[suey_11]

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.

This 10000% we have past history of having hopes raised then being left disappointed.

Also spills over to some of the negativity on the transfer side to, action speaks louder than words, as has been mentioned before "watch this space".

 

[davek]

Dave you are too sceptical by far, forget about BK, SE etc that is in the past.

Seeing is believing.

I dont care two hoots about Moshiri and his wealth. The PL is littered with billionaires. I dont find it impressive or reassuring.

Only actual increased spending in the transfer market and/or real evidence that a stadium scheme has been put forward with the developers on board and cash spent out for land would prevent scepticism becoming rampant.

The time for adulation and goodwill is over. It's time for actions now.

 

[davek]

This 10000% we have past history of having hopes raised then being left disappointed.

Also spills over to some of the negativity on the transfer side to, action speaks louder than words, as has been mentioned before "watch this space".

Spot on.

 

[The Mighty Quint]

He's been here 5 months, poached Koeman, poached Walsh, and we are already talking about new stadiums and land being purchased on the docks.

All that within 5 months!!!

And if you want to know why top players won't sign for us, even when we outbid the likes of Chelski for players, then see @davek 's best mate Martinez, he's done untold damage to our Rep with players in this league, and it's going to take a good season to rebuild it.

 

[Bullet]

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.

An investor intending to pay off long term debt after he's exercised his option to bring his share holding from below 50% to around 75% is a sensible long term plan particularly if the exercising of that option is contingent on certain criteria being met.
Expending tens of millions on it now, during the first transfer window, when that capital could be used to strengthen the team just doesn't make any sense to me so unless credible evidence of it's veracity emergers it remains an unsubstantiated internet rumour and one which I do not believe to be accurate.

 

[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.

Just to confirm that RMF (formerly JG Funding) received payment and complete settlement, direct from the PL 'stabilisation' payments made to Everton but assigned to the lender, in May and June 2016.

 

[ToffeeTim]

Think he should strongly consider getting in a new CEO with experience in completing high profile signings.

 

[davek]

He's been here 5 months, poached Koeman, poached Walsh, and we are already talking about new stadiums and land being purchased on the docks.
All that within 5 months!!!
And if you want to know why top players won't sign for us, even when we outbid the likes of Chelski for players, then see @davek 's best mate Martinez, he's done untold damage to our Rep with players in this league, and it's going to take a good season to rebuild it.

Heard it all now: Witsel and Mata aren't coming because Martinez was here.

No, sorry. We've never been in the shake up for those players really. Everton: used again by agents of players who want a CL spot team. The club cant be blamed for that type of user, of course. But there's a whole spectrum of players out there before you reach the elite player level that could and should have been approached by now. We're way short going into this season and it's all to do with a regime that cant find its feet.

 

[Seanjd]

Heard it all now: Witsel and Mata aren't coming because Martinez was here.

No, sorry. We've never been in the shake up for those players really. Everton: used again by agents of players who want a CL spot team. The club cant be blamed for that type of user, of course. But there's a whole spectrum of players out there before you reach the elite player level that could and should have been approached by now. We're way short going into this season and it's all to do with a regime that cant find its feet.

Loads of clubs have struggled to attract players this summer, not just us. What sets us apart is that we were dreadfully equipped beforehand.

 

[davek]

Loads of clubs have struggled to attract players this summer, not just us. What sets us apart is that we were dreadfully equipped beforehand.

Best squad since the 80s I was told.

 

[everton2004]

Seeing is believing.

I dont care two hoots about Moshiri and his wealth. The PL is littered with billionaires. I dont find it impressive or reassuring.

Only actual increased spending in the transfer market and/or real evidence that a stadium scheme has been put forward with the developers on board and cash spent out for land would prevent scepticism becoming rampant.

The time for adulation and goodwill is over. It's time for actions now.

I also reckon Moshiri wouldn't give two hoots about a group of supporters crying on an internet forum!

 

[hibbo'sclass]

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.

The charge document registered at Companies House appears to be in relation to the 2016/17 receivables, so is the money paid in May in relation to 15/16 or 16/17? Edit - just seen your latest post.

I can be quite thick at times, but is the land purchase a done deal (I've probably missed it) and why would this trigger a repayment of the Pru/AIB loan - doesn't make sense in cash-flow terms. I've not seen any documentation regarding this charge with EFC because it's not available on Companies House, but I would be surprised if AIB/Pru would have the right to repayment on the purchase of land - it causes no threat to the underlying income stream or asset that they hold the charge over.

Don't get me wrong, I'm sure that both will be dealt with (if they haven't already as you assert), but I question everything until there is evidence, which in these cases there isn't.

 

[Seanjd]

Best squad since the 80s I was told.

You know as well as I do, that's not true. We had an horrendous squad, which had and is being built on. I think it would be wise to assess how much we spend and who we can attract once the window is finished.

 

[The Esk]

The charge document registered at Companies House appears to be in relation to the 2016/17 receivables, so is the money paid in May in relation to 15/16 or 16/17?

I'm on my phone on a boat so surprisingly don't have the deed of assignment to hand lol. If you look at the deed of assignment it clearly states that the borrowings will be repaid from the stabilisation payments received by Everton in May and June 2016. I will have to check but I believe both related to 2015/16. The first payment for the following season (2016/17) is usually received early August.

I'm pretty sure that the reference to 2016/17 would be in the event that the final stabilisation payments of the previous season do not cover the level of indebtedness.