Farhad Moshiri

[The Mighty Quint]

 

[Wat Tyler]

And don't forget, it hasn't been ratified by the PL yet, it hasn't officially been confirmed yet. Let's wait until that happens, then I am sure we will hear more.

 

[Neiler]

Mate, what Moshiri has done is this:

He's acquired 17,325 shares from existing shareholders giving him a 49.9% stake. He will have the agreement of the existing large shareholders particularly Woods and Kenwright to start making the changes he feels necessary for the club as a business to run better. He will also no doubt, continue conversations with Liverpool City Council to see if a suitable solution can be found for either a new stadium or a redeveloped Goodison. He will have a budget in mind as to the likely costs and will have discussed this already with Kenwright.

In the next few months he will prioritise the areas that need capital, and once the amount of capital required is determined , it is most likely the club will issue more shares which he will purchase thereby making him the majority holder. He may also acquire further shares from existing shareholders around the same time.

So for example lets say for argument sake he decides to inject £150,000,000 into the club for initial funding of the stadium solution, working capital and some squad additions.

Using a pre money valuation of £175,000,000 the club would issue with shareholder approval, 30,000 shares valued at £5,000 each. Moshiri would acquire all the shares, putting £150,000,000 into the club. He would then own 47,325 shares of the 65,000 shares in issue giving him 72.8% of the club. If he purchased a further 1,425 shares he would have 75% giving him total control. The new shares issued may be the same class as existing shares or may carry some preferences in terms of voting or dividends - however dividends are not going to be the issue here.

He might have the agreement of existing shareholders to acquire the rest of their shares upon different benchmarks - for example, agreement of stadium, initial stadium works, or completion of stadium - those details may or may not come out into the public domain.

His initial purchase is just the first phase - it enables him to make the changes necessary to prepare the business for the capital it requires - he will fund the capital in return for an increased stake in the business. This is standard business practice.

So deals like this mate for 49.9% of shares are usual? Incumbent on the seller and buyer to hit certain bench marks over a period of time to increase the shareholding?

It's the deal itself and shareholding that has me cautious, but is it standard practice in you expierence?

 

[Toffeelover]

And don't forget, it hasn't been ratified by the PL yet, it hasn't officially been confirmed yet. Let's wait until that happens, then I am sure we will hear more.

Rubber stamp job, mate.

 

[CynicalBlue]

Bloody typical that we finally land a billionaire and now with FFP we can't all be guns blazing burning the man's dough!

 

[Goat]

And don't forget, it hasn't been ratified by the PL yet, it hasn't officially been confirmed yet. Let's wait until that happens, then I am sure we will hear more.

NO LAD, ITS AN UTTER JOKE, DISS FELLA HAS HAD 24 HOURS, WHY HASNT HE BOUGHT ALL THE SHARES? WHY HASNT HE STARTED BUILDING A NEW STADIA? WHY HAVENT WE SIGNED A SINGLE PLAYER? AN UTTER, UTTER JOKE, HES NO BETTER THAN DAT DER ROBERT EARL, GET THIS FELLA OUT OF OUR CLUB RAR NOW, IM ON THE PHONE TO THE BLUE UNION ERE, THE CLOWN IS ON HIS WAY AS WE SPEAK, DISS FELLA IS GONNA KNOW WHAT HAPPENS WHEN YOU MESS WITH EVERTON

YNWA

 

[Gwladys St. Glory]

it is most likely the club will issue more shares which he will purchase thereby making him the majority holder.

*grumbles about "dilution of shares"*
*forms Walton FC*

 

[davek]

Actually I do think it might be a bit unrealistic, generally I'd prefer someone to get their feet firmly under the table and make sure they know the situation completely before making promises/plans that at a later date prove false. I've waited years for this, a few more weeks won't hurt.

I disagree. I think you can see even now the that heads are being scratch at the architecture of this deal and it'll only get more concerning if there's no statement.

 

[The Esk]

So deals like this mate for 49.9% of shares are usual? Incumbent on the seller and buyer to hit certain bench marks over a period of time to increase the shareholding?

It's the deal itself and shareholding that has me cautious, but is it standard practice in you expierence?

I think there's a reason related to the secured Prudential loan why he hasn't taken a overall majority immediately - I thought I had the papers at home but do not, will check tomorrow.

This is a friendly takeover, there's no argument among the major shareholders, there's absolutely no reason to be concerned over the current size of his holdings.

 

[Goat]

I disagree. I think you can see even now the that heads are being scratch at the architecture of this deal and it'll only get more concerning if there's no statement.

SPOT ON DER DAVE MATE, WHY HASNT HE SAID ANYTHING? HES HAD A GOOD 24HOURS TO PIPE UP, I DONT EVEN CARE THAT ITS A SUNDAY, I WANT THIS FELLA WORKING 24 HOURS A DAY 9 DAYS A WEEK, ITS A JOKE, THATS WHAT IT IS

 

[allen]

Mate, what Moshiri has done is this:

He's acquired 17,465 shares from existing shareholders giving him a 49.9% stake. He will have the agreement of the existing large shareholders particularly Woods and Kenwright to start making the changes he feels necessary for the club as a business to run better. He will also no doubt, continue conversations with Liverpool City Council to see if a suitable solution can be found for either a new stadium or a redeveloped Goodison. He will have a budget in mind as to the likely costs and will have discussed this already with Kenwright.

In the next few months he will prioritise the areas that need capital, and once the amount of capital required is determined , it is most likely the club will issue more shares which he will purchase thereby making him the majority holder. He may also acquire further shares from existing shareholders around the same time.

So for example lets say for argument sake he decides to inject £150,000,000 into the club for initial funding of the stadium solution, working capital and some squad additions.

Using a pre money valuation of £175,000,000 the club would issue with shareholder approval, 30,000 shares valued at £5,000 each. Moshiri would acquire all the shares, putting £150,000,000 into the club. He would then own 47,465 shares of the 65,000 shares in issue giving him 73.02% of the club. If he purchased a further 1285 shares he would have 75% giving him total control. The new shares issued may be the same class as existing shares or may carry some preferences in terms of voting or dividends - however dividends are not going to be the issue here.

He might have the agreement of existing shareholders to acquire the rest of their shares upon different benchmarks - for example, agreement of stadium, initial stadium works, or completion of stadium - those details may or may not come out into the public domain.

His initial purchase is just the first phase - it enables him to make the changes necessary to prepare the business for the capital it requires - he will fund the capital in return for an increased stake in the business. This is standard business practice.

I was going to say that.

What would we do without @The Esk? Not only does understand this stuff, he explains it in terms us mortals can follow.

 

[davek]

Which I think everyone was happy to do until you started stirring lol

I'm not trying to panic people. I'm just needing clarification on this deal to start celebrating it myself.

Would you be happy if this all now went quiet without further in depth comment?

 

[Goat]

I'm not trying to panic people. I'm just needing clarification on this deal to start celebrating it myself.

Would you be happy if this all now went quiet?

Would be over the moon if you did.

 

[TGW89]

Could have said that yesterday and been done with it...let the man get his feet wet, he's not going to be able to hide.

The guy looks too much like a bond villain to be a failure. I mean, come on...

Now compare.....

I rest my case. I actually think we will win another derby before I get my telegram from George VII.

 

[Neiler]

He isn't obliged to but if he wanted a comfortable existence - not investing further money, little work and just collecting his profits - he already had that at Arsenal. Why on earth would he sell all that up to invest his money in a club that is in a far riskier situation without having plans on improving it?

I wouldn't think he made a loss on his Arsenal shareholding, in fact quite a healthy profit. I believe he Prob paid significantly less for the 49.9 shareholding in Everton on the bases that he is the majority shareholder and now has 49.9% of the PL tv deals etc at significant rate of growth might be a sounder investment then 20% as a pretty powerless minority share holder.

I'm not critising this guy, I just think we should be cautious until we know his intentions.