Farhad Moshiri

[davek]

Why's that funny? Not a bad return really.

Three games into the season? It's hilarious that it's been used as evidence all is well.

 

[Jreverton1]

Like others well more versed in this stuff have said, if/when we build a new ground, it will not be with some spare change off Moshiri or anyone else. It will need outside finance, so make sense to keep lines of credit open.

Like having a nil balance on your credit card. You know you can draw on some if needed.

Ah I see makes sense. Some people just trying to turn something into a negative then? Not Everton that then is it?

 

[Toffeeslam]

Done it.

Btw, anyone thinking the Sissoko deal was on the level need to give their heads a wobble.

That was an old skool production from the Everton Phantom Bids corp.

You say old skool but

1)if Spurs never came in we would have to buy

2 if we did go through with the deal he would have been labelled a panic buy ( Including me as he is gash) by many of us on here so glad it didn't happen

They would be dammed if they do and dammed if they don't

We missed out targets and that needs to be looked at but having no money I don't see or believe that, we are just rubbish at selling the club with no UCL or Europe.

Even that Muppet Sissoko said its abiut the UCL

 

[Whistlin' Dixie]

Three games into the season? It's hilarious that it's been used as evidence all is well.

It's a fair point - but we've managed to win two games on the bounce...

 

[hibbo'sclass]

Say what ??

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

Not from Isle of Man - Directors of Rights and Media Finance.

He's resident in UK still I think, Ms McMorrow who's relationship to him I don't know lives in Ireland and was appointed 25th August.

RMF basically borrows money from Carroch Holdings in the Isle of Man and loan it to Everton.

RMF has no links to the James Grant Group, but also borrows money from Mousehole Ltd (a BVI company) which allegedly was the sister company of Vibrac, and was used to provide finance for several European clubs. (CBA checking but certainly a German club and a Spanish club spring to a fuzzy mind)

 

[davek]

Lets get Martinez back all will be sound

Yes. We know in his first season he can get 72 points. Let's keep employing him and then sacking him until we get a CL place out of it.

 

[Jreverton1]

Three games into the season? It's hilarious that it's been used as evidence all is well.

Just like the magical 72

Hang on a minute I'm being drawn into this! You're too good at winding people up.

 

[Neiler]

There is one key piece of evidence that proves this is Jarg that everyone seems to be overlooking.

Does anyone actually believe that Jim White has any friends.

 

[roydo]

There is one key piece of evidence that proves this is Jarg that everyone seems to be overlooking.

Does anyone actually believe that Jim white has any friends.

lollol

 

[Jreverton1]

There is one key piece of evidence that proves this is Jarg that everyone seems to be overlooking.

Does anyone actually believe that Jim White has any friends.

lollollol

 

[Efcjake]

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.

Great post mate! Please post more, some of us like reading financial stuff from more-informed folks like yourself.

 

[Toffeeslam]

Yes. We know in his first season he can get 72 points. Let's keep employing him and then sacking him until we get a CL place out of it.

Got booed in his 1st game for Belgium....he might be available quite soon

 

[nsno-chris]

Three games into the season? It's hilarious that it's been used as evidence all is well.

Hahahahaha from the man who stood by El fraudo till his dying days.

Oh lord this is the thread that keeps giving, the last few hours have been really special, it's like comedy gold

 

[Efcjake]

Not from Isle of Man - Directors of Rights and Media Finance.

He's resident in UK still I think, Ms McMorrow who's relationship to him I don't know lives in Ireland and was appointed 25th August.

RMF basically borrows money from Carroch Holdings in the Isle of Man and loan it to Everton.

RMF has no links to the James Grant Group, but also borrows money from Mousehole Ltd (a BVI company) which allegedly was the sister company of Vibrac, and was used to provide finance for several European clubs. (CBA checking but certainly a German club and a Spanish club spring to a fuzzy mind)

Why is there a third-party involved? Why don't we just lend from Carroch Holdings direct?

 

[Bungle]

Too busy.

Those women won't kidnap themselves will they....