Install the app
How to install the app on iOS

Follow along with the video below to see how to install our site as a web app on your home screen.

Note: This feature may not be available in some browsers.

 

Farhad Moshiri

7+ Years On... Your Verdict On Farhad Moshiri

  • Pleased

    Votes: 111 7.9%

  • Disappointed

    Votes: 1,295 92.1%
  • Total voters
    1,406

The Esk said:
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.
Click to expand...
Post balance sheet event? I take it that means it's not going to be in the public domain to verify?
 
hibbo'sclass said:
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...
Click to expand...
The only reasonable position to hold, especially with this club.

Do you think that loan will be interest free?
 
davek said:
Post balance sheet event? I take it that means it's not going to be in the public domain to verify?
Click to expand...

No Dave. A post balance sheet event is something significant that happened after the date of the balance sheet but before the publication of the financial statement. So in the case of Everton it's something that occurs after 31st May (financial year end) but before the publication of the accounts.

In this case it is the repayment of the long term debt, verification of which is already in the public domain, but will also be mentioned in the accounts even though it occurred after the financial year end.
 
davek said:
The only reasonable position to hold, especially with this club.

Do you think that loan will be interest free?
Click to expand...
I honestly don't know.
My gut feeling is that it is unsecured and interest free, then it should be looked upon as a downpayment on a share issue following the options being exercised, otherwise all that is happening is the lender (BHHL) is subsidising the other shareholders with "free money". Would probably have to be converted to share capital anyway?
 

hibbo'sclass said:
Clearing the long term debt is evidenced by the removal of 2 charges at Co's House, and removal of charges against Everton Investments Limited and Goodison Park Stadium Ltd mate.
Click to expand...

The Esk said:
No Dave. A post balance sheet event is something significant that happened after the date of the balance sheet but before the publication of the financial statement. So in the case of Everton it's something that occurs after 31st May (financial year end) but before the publication of the accounts.

In this case it is the repayment of the long term debt, verification of which is already in the public domain, but will also be mentioned in the accounts even though it occurred after the financial year end.
Click to expand...

Thanks gents.
 
I don't like Moshiri coming out and saying we bid X amount for a player, like he has done with Koulibaly.
It is all a bit David Gold and David Sullivan for my liking.

I don't understand why he isn't doing his communicating directly through the club's official channels either.

It all seems to be guesswork as to what his plans are at the moment. After decades of lies from Kenwright and Co, it would have been nice to feel like we're in the picture of what the future holds for Everton.

Until we see real evidence that we have the stadium and we have a feasible plan to finance it and we see significant investment in the playing squad (which is desperately needed), I don't think his 'takeover' can be seen as an outright success.

I suppose after years of Kenwright, patience has run out with a lot of our fans now. Which isn't always a negative. It is about time we started asking some real questions of the board and didn't sit back and allow them to get on with whatever they wanted to.
 
hibbo'sclass said:
I honestly don't know.
My gut feeling is that it is unsecured and interest free, then it should be looked upon as a downpayment on a share issue following the options being exercised, otherwise all that is happening is the lender (BHHL) is subsidising the other shareholders with "free money". Would probably have to be converted to share capital anyway?
Click to expand...

Why wouldn't the share issue come first? Would a loan allow him to simply just buy up the rest of the existing shares?
 
I'm a simple man so a lot of the stuff posted on here goes right over my head. I just wondered if they have to do an AGM, or if they don't do one would they give a reason why? Would there be a reason why one wouldn't happen? I seem to remember weren't these stopped a few years ago by Kenwright and then brought back
 
maccavennie said:
I'm a simple man so a lot of the stuff posted on here goes right over my head. I just wondered if they have to do an AGM, or if they don't do one would they give a reason why? Would there be a reason why one wouldn't happen? I seem to remember weren't these stopped a few years ago by Kenwright and then brought back
Click to expand...

There will be an AGM, its just this years is a little later than last years. It was thought it might be the same as last year but that date has passed. It will be announced shortly though (along with accounts)
 

Welcome to GrandOldTeam

Get involved. Registration is simple and free.

Register
Back
Top