Farhad Moshiri

[davek]

How it has been repaid - don't know is the simple answer. JG Funding Ltd has 2 charges against PL core receipts, which may or may not mean that last seasons loan is still outstanding.
If paid off by BHHL, then until a share issue is done, it appears to be an unsecured loan to the club which may or may not attract interest.

How much will this be clarified with the publishing of this year's accounts / AGM? Will the shareholders association (or anyone else from the floor) be able to ask (and receive the answer to) questions regarding this matter?

 

[orly]

Well, we dont know how that long term debt has been settled yet (or, more precisely, who it's been settled by), so we'll see if that does go into his win column in due course.

As for the stadium: photo opportunities and tweets from Joe Anderson dont really cut it, and Meis' involvement means nothing substantial other than he's been asked to maybe present a design - I remember when the Goodison For Everton group of fans who were in opposition to Johnson moving the club to Kirkby golf course hired Ward McHugh to produce a plan for redevelopment of Goodison (Ward McHugh had designed the redeveloped Twickenham at that time). The plans are still online, in fact: http://toffeeweb.com/club/goodison/gfe/

Less than £40m for a stadium lol

Loons

 

[davek]

Less than £40m for a stadium lol

Loons

I bet Johnson would have paid for it too!

 

[hibbo'sclass]

How much will this be clarified with the publishing of this year's accounts / AGM? Will the shareholders association (or anyone else from the floor) be able to ask (and receive the answer to) questions regarding this matter?

May be contained within Post Balance Sheet Events note. Someone can ask the question, but I suppose the "commercially sensitive" card could conceivably be used.
Same way that in depth new stadium questions could be dealt with I imagine.
Not a shareholder, so don't know how many questions are taken from the floor, or if they have to be pre-submitted.
Not much help sorry.

 

[davek]

May be contained within Post Balance Sheet Events note. Someone can ask the question, but I suppose the "commercially sensitive" card could conceivably be used.
Same way that in depth new stadium questions could be dealt with I imagine.
Not a shareholder, so don't know how many questions are taken from the floor, or if they have to be pre-submitted.
Not much help sorry.

Thanks for the feedback mate.

I've no in depth idea of the detail of Evertons finances so I enjoy you and the esk's correspondence on here and try and pick through it.


I get the impression that you're hoping for Moshiri to demonstrate that he's sorting this club out - clearing debt and laying the basis for further investment and a new stadium - but your unwilling to commit completely to his regime yet? Probably bollocks from me but that's the impression I get from you.

 

[The Esk]

How much will this be clarified with the publishing of this year's accounts / AGM? Will the shareholders association (or anyone else from the floor) be able to ask (and receive the answer to) questions regarding this matter?

Given the significance of removing the long term debt, it is almost certain to be explained as a post balance sheet event.

My understanding is that EFCSA are not currently planning to ask a series of questions as per last year.

 

[hibbo'sclass]

Thanks for the feedback mate.

I've no in depth idea of the detail of Evertons finances so I enjoy you and the esk's correspondence on here and try and pick through it.


I get the impression that you're hoping for Moshiri to demonstrate that he's sorting this club out - clearing debt and laying the basis for further investment and a new stadium - but your unwilling to take commit completely to his regime yet? Probably bollocks from me but that's the impression I get from you.

If you ever meet me, you will realise immediately that I am a boring old fart.
I am supportive of the Moshiri regime, but I am a "show me the evidence" type, so tend to be more tempered in my view - neither happy-clappy, nor miserable as sin.
Do I think BHHL have put money in by way of a loan - probably, but possibly less than the 70m mentioned on this or another thread.
Think of me as the beige of this thread...

 

[hibbo'sclass]

Given the significance of removing the long term debt, it is almost certain to be explained as a post balance sheet event.

My understanding is that EFCSA are not currently planning to ask a series of questions as per last year.

In fairness, it's the least interesting aspect of PBSE note - we know it has happened.
Interesting one will be the analysis of loans/PBSE note in relation to JG in my humble opinion.

 

[The Esk]

In fairness, it's the least interesting aspect of PBSE note - we know it has happened.
Interesting one will be the analysis of loans/PBSE note in relation to JG in my humble opinion.

Sorry poor explanation on my part, given how keen Moshiri was to repair the balance sheet, an explanation to how that has been achieved will be given. (I accept you have no proof that the balance sheet has been repaired)

 

[Blues Harp]

I don't see any spending or realistic plans to grow the club. The stadium remains a chimera. Yes, long term securitisation debt has been eliminated which would be an obstacle to moving to a new home, but we're miles off that and in the meantime I see nothing at all that gives me the belief Moshiri will generate commercial potential and hand it over to the manager for wages/fees.

For me, he really has got away with an easy ride up to this point. It's all words.

Just like Trump really......

 

[roydo]

I am quite glad that I have not got a clue what you two are on about.

 

[hibbo'sclass]

Sorry poor explanation on my part, given how keen Moshiri was to repair the balance sheet, an explanation to how that has been achieved will be given. (I accept you have no proof that the balance sheet has been repaired)

By getting rid of the Pru, even if replaced by short-term debt I would argue that the balance sheet has been strengthened.
It's removal also leaves the door open to have a similar EIL/GPSL structure to finance borrowings required for a new stadium, and also (only my instincts) that restrictive covenants on ownership were probably contained in Pru charge, so it clears the way for the exercise of the share options at an appropriate time.

 

[Blues Harp]

I am quite glad that I have not got a clue what you two are on about.

 

[roydo]

 

[roydo]