Farhad Moshiri

[nsno-chris]

Ha Ha Ha.

Sorry have I lied

 

[everton2004]

Just for some balance in this thread:

Usmanov's previous comments on Moshiri:

“With time, Moshiri actually became my financial mentor.I appreciate his honesty and his encyclopedic knowledge of finance and investments"

Hardly worth wasting your breath mate. Most will read the above then immediately arrive at questions such as "where was the warchest", "the stadium was a lie", "he's a fraud" etc etc. A lot on here are beyond redemption.

 

[Moomin]

Greg O' Keeffe fail.

I quoted you by mistake sir.

 

[Ihaters]

Did Morshiri actually ever personally make a promise of massive spending?

No but he did 'commit' to make additional transfer funds available which we certainly never saw

"I am here to support them as required to ensure that the club recaptures the glory days of the past and builds sustained success in the future.

"I know a lot of you want to know what my plans are. There is much to be done and things for me to learn, but I can confirm that I have committed to providing additional funds for transfers and retaining our key players to ensure that we have a strong core to build on for the future."

http://www.mirror.co.uk/sport/football/news/new-everton-investor-farhad-moshiri-7540042[/QUOTE]

I am still quietly optimistic, and most of this window was everyone fighting everyone for average players at crazy prices, it will settle down and we will be able to spend some money on decent players, it all starts with a decent league run from Koeman and the lads which is well within our potential, because if we bought no one and sold no one, we would still have a top 8 squad imo.

 

[Toffeeslam]

Alarm bells are ringing though when i see posters seriously suggesting that we're going to use Mr and Mrs McMorrow from the Isle of Man to anchor our stadium funding to. Now that'd be nice of them but I'm going to hazard a guess and say they may come up a bit short.

Say what ??

Who are Mr and Mrs McMorrow from the Isle of Man then ?

 

[davek]

Did Morshiri actually ever personally make a promise of massive spending?

Yes mate: "I'll give you all I have".

Given he has £1.3 billion I'd suggest him then going on to oversee a £3M negative net transfer window is a bit of an issue.

 

[Barnfred 55]

Not really any conspiracy theorising taking place though is there?

Squad investment was promised...not only didn't we get it, the club raked in £3M on the window.
We have a billionaire on the board...and are still using loan facilities with tuppence ha'penny Isle of Man financial vehicles.
Talk of a land deal for a stadium...not a dickie bird to suggest we're one inch further forward on the matter.

Maybe you see conspiracy theory there; the rest of us see very real anomalies that need explaining.

Can't believe the heads falling off on here.

I'm not an ITK regards Everton but I did work for a bank for nearly 40 years so have a good understanding of how company charges and registering at companies house works.

I don't know anything about Rights and Media Funding Ltd and J G limited, but I'll accept what's been written on this thread already that they are the people who finance our TV monies, and that have recently changed their name.

From what I understand, the TV monies are paid out by the Premier League in tranches throughout the season. Under this type of finance arrangement, the benefits are assigned to the funding company (Rights and Media Funding Ltd), so when the TV monies are paid out, they go directly to the funding company. Because they know they are going to receive these funds direct , they are happy to make advances to Everton ahead of these funds being received. It's a little bit like an overdraft facility in that we may or may not use it. It's just there in case of need and I assume we just pay interest on what we use so it's quite a cheap method of raising finance.

Everton FC is a limited company and any lender will always take a charge over either a fixed asset, i.e Goodison Park, or a Debenture which is basically a charge on anything (assets) owned by Everton. In this case I suspect it will be an actual specific assignment of the tv rights. Whatever type of charge it will need to be registered at Companies House.

A new charge will be required because of the change of company name, but this will basically replace the one that would previously have been given to JG Limited.

The fact that a new facility has been taken out does not mean that we have necessarily utilised it. In fact, given our net spend in the transfer window I suspect that we haven't had to call on it. But it is there for future use if needed and can, as Esk speculated, possibly be used in connection with the new ground.

As regards the Isle of Man, that would be purely for tax reasons, especially if the beneficial owner is a non UK resident. It has nothing to do with dodgy dealings!!

Don't know if the above makes you feel better or not. Most of you will believe what you want to believe to fit your own agenda I guess. Basically the new charge doesn't mean that we've taken out another loan, we've just set up a facility to borrow against future tv monies if we need to. I doubt very much whether there's many Premier clubs (Arsenal and Man city spring to mind) that don't have this type of facility available them either through a specialist finance company like us, or through their own bankers.

On a different note, assuming the report in the Echo is correct, I'm not happy with Mosh using Sky sports presenters as a mouthpiece. Plus the comments themselves just add fuel to the fume following the clubs embarrassing endeavours in the transfer market. We're not West Ham or Crystal Palace. We're Everton and we expect our board and owners to act in a certain way.

 

[Whistlin' Dixie]

Where Morshiri needs to come through is the Stadium, we have been stagnate for 20+ years while trying to sort this issue and for me the biggest test will be to deliver a stadium development that will push us forward not signing some overpriced mercenary in transfer window

If he fails on the Stadium front then those who have concerns can go nuts but for me that's the acid test

I agree.

However, the next window in January will come before any announcement on stadium progression. And he needs to get the next window exactly right to maintain confidence in him.

 

[Efcjake]

Greg O' Keeffe fail.

Even he thought it was jarg.

 

[Tubey]

Yes mate: "I'll give you all I have".

Given he has £1.3 billion I'd suggest him then going on to oversee a £3M negative net transfer window is a bit of an issue.

 

[Congen]

What happens when that time runs out?

Pitchforks at dawn?

When that time runs out we all realise that we're set for another decade of mediocrity. Nothing we can do about it like

 

[nsno-chris]

Yes mate: "I'll give you all I have".

Given he has £1.3 billion I'd suggest him then going on to oversee a £3M negative net transfer window is a bit of an issue.

Massive lol

Mosh why no £1.3bn for players? Mosh, Everton not happy we now boo

Hahaha the absolute state of that

 

[matty1878]

Clutching at straws now, earlier today you said the club don't respond to stuff like this. Yet I showed you earlier this week they denied tweets by Joe Anderson.

Just apologise.

For what? The club don't tho, if they have they've got our local red journo paper which is not favoured to our bitter rivals in the slightest, to print what they want gullible fans to Believe . You stick to your opinion and il stick to Myne

 

[davek]

Say what ??

Who are Mr and Mrs McMorrow from the Isle of Man then ?

They stand behind the financial vehicle we loan off: Rights and Media Funding Ltd. Sorry, they're now based in London.

 

[Jreverton1]

The point I was making mate, was that the charge itself does not signify lending has occurred - it could be a secured facility to drawdown as/if required.

Why tho?