Farhad Moshiri

[maccavennie]

Kinnel...you're like Angel delight reincarnated!...Bore off you wankspangling pissflap!

lol

 

[chrismpw]

How many millions are in a billion?

For most of human existence a million million has been a billion. Because those in the US either can't count, or wanted to impress the world by having billionaires they adopted a much smaller number of a thousand million.
For inexplicable reasons* the rest of the world have fallen for this and, other than me and a few others in my bunker, use the yank quantity.

*similar reasons how they've managed to convince the world that sweet fizzy water flavoured with God knows what is "cool" and worth paying way over the odds for, and that mechanically reclaimed meat scrapings in a bap, grown in a bulldozed and destroyed patch if dwindling rainforest, is haute cuisine.

 

[hibbo'sclass]

@The Esk
Do ypu think that the shares were sold at 5k each cash or 5k less debt element so about £3,450 cash.

If the former, the club was valued at 230 mil rather than the 175 mil.

Just curious.

 

[Blue Cheese]

And where did he say this? All I seen was his interview with Jim white when he sounded like a blubbering mess and changed his story over James Mccarthy being 'part of the family', he also said we bid for players and the clubs would not sell, that hardly strikes me of a good business man if he accepts yes as answer.

Also he made a good but underwhelming appointment in Koeman after being linked with likes of Favre, Emery, Jose it looks like we took the easiest option besides the obvious Unsworth/Moyes.


What I don't understand is if the money is there why can't we sign pre contract agreements with players as Leicester have no problem signing a player for 15m from Gent outside the window?

Christ on a bike mate this is all old news, give it a rest.

 

[The Esk]

@The Esk
Do ypu think that the shares were sold at 5k each cash or 5k less debt element so about £3,450 cash.

If the former, the club was valued at 230 mil rather than the 175 mil.

Just curious.

I believe the shares were sold at £5,000. Interestingly the figure of £230 million is the figure the Americans (Moore) were valuing the club at.

 

[hibbo'sclass]

I believe the shares were sold at £5,000. Interestingly the figure of £230 million is the figure the Americans (Moore) were valuing the club at.

Don't believe in coincidences me. But when you say £5,000, I take that to mean cash with debt as a separate issue.

Makes the rumour that Moores had offered more as you say (no pun intended) into a positive spin for BK, I "could have got more" to paraphrase him, when in fact the cash value was the same to him, one ex debt and the higher one cum debt.
Cheery conspiratorial Christmas.

 

[windymiller]

Moshiri's loan of £80 million is the enabler that allows the club to move forward. Without the repayment of the secured loan, land purchase or agreement to purchase was just not feasible.

It says a number of things about Moshiri. He's committed to moving the club forwards, he's prepared to fund the necessary steps in our development, and make no mistake it says he's in control.

You don't own 50% of a company, have rights to another 23%, and lend on an unsecured basis unless you are very confident of what's going to happen and your ability to control it.

Knowing many months ago that this had happened is why I have maintained such confidence in our future under Moshiri - we have a great time ahead as Blues.

There is, of course, risk associated with this position though. Eddie Davies essentially bankrolled Bolton on this model and that went well for a long time but, ultimately, became unsustainable. It really isn't the same as "paying off the debt" which was Moshiri's public position on this. It was a transfer of debt (which is a good thing btw if it is on improved terms). Now, he may be planning on converting debt into equity once he owns considerably more of the club (as Abramovich and others have done) but we don't know that that is his plan and we'll have to wait and see.

 

[The Esk]

Don't believe in coincidences me. But when you say £5,000, I take that to mean cash with debt as a separate issue.

Makes the rumour that Moores had offered more as you say (no pun intended) into a positive spin for BK, I "could have got more" to paraphrase him, when in fact the cash value was the same to him, one ex debt and the higher one cum debt.
Cheery conspiratorial Christmas.

Totally correct

 

[Brendan Janus]

The man of many a false promise !!

 

[The Esk]

There is, of course, risk associated with this position though. Eddie Davies essentially bankrolled Bolton on this model and that went well for a long time but, ultimately, became unsustainable. It really isn't the same as "paying off the debt" which was Moshiri's public position on this. It was a transfer of debt (which is a good thing btw if it is on improved terms). Now, he may be planning on converting debt into equity once he owns considerably more of the club (as Abramovich and others have done) but we don't know that that is his plan and we'll have to wait and see.

Eddie Davies took it to ridiculous lengths though lending £185 million to a company that was loss making on turnover of less than £40 million (2014), albeit the company had assets.

Moshiri is of course taking a risk, but I see this as a huge vote of confidence in our future, not in any way a negative.

 

[n01efc]

Don't believe in coincidences me. But when you say £5,000, I take that to mean cash with debt as a separate issue.

Makes the rumour that Moores had offered more as you say (no pun intended) into a positive spin for BK, I "could have got more" to paraphrase him, when in fact the cash value was the same to him, one ex debt and the higher one cum debt.
Cheery conspiratorial Christmas.

I'm lost, can you explain that again? The Liverpool former Liverpool owner tried to buy Everton?

 

[Shropshire Blue]

There are few things more relaxing and amusing than sitting back watching people becoming increasingly obsessed with how they can free load off the back of someone rich whilst finding every excuse to mistrust and dislike them. Oh happy days.

 

[arch stanton]

I'm lost, can you explain that again? The Liverpool former Liverpool owner tried to buy Everton?

Wrong more mate, this Moore is joe-max Moore, he loved his time here so much he wanted to buy the club.

 

[windymiller]

Eddie Davies took it to ridiculous lengths though lending £185 million to a company that was loss making on turnover of less than £40 million (2014), albeit the company had assets.

Moshiri is of course taking a risk, but I see this as a huge vote of confidence in our future, not in any way a negative.

I think that we look at things a bit differently. I agree that Bolton is an extreme example but there are other examples when this model has resulted in operational stress for a football club. In terms of risk, I meant for the club (and by extension us - the fans) not for Moshiri. If Mr Moshiri decides he wants out, then there will be no shortage of takers and will recoup most or all of his investment or will profit from any sale in the current premier league climate. On the other hand, if Mr Moshiri decides he doesn't want to invest further in the club but wants to continue to receive a dividend and an above inflationary interest payment on the loans he holds then he can sit on the club, dictate the terms of those loans and run it at arms length (like Mike Ashley tried to do) this would leave us in a weird kind of limbo with no means of exiting it. I am not saying this is what he is going to do but I am cautious because of the way things have developed so far (i.e. being told the debt was paid off when it in fact was transferred to a different vehicle; being told we were going to have a blockbuster summer when we signed the same sort of players we have always signed after selling one of our most saleable assets; being drip fed info about a new stadium without any formal declarations of intent).

I admire your optimism, and hope it is ultimately justified, I'm just not sure where the evidence is to support it at the moment.

 

[hibbo'sclass]

I'm lost, can you explain that again? The Liverpool former Liverpool owner tried to buy Everton?

Simple one this mate.
Charles Noell and John Jay Moore (Americans)had a bid in about a year ago, and it was repoted that their bid valued the club at 230 mil.
FM comes in buys a stake in the club for a reported 5k per share - 35000 shares in issue so values the club at 175 mil.
230-175 = 55 mil less on the face off it, so BK can say we had a higher offer but thought FM was the right man - great spin.
Reality is that the 55mil reduction is the repayment of debt (35 RMF + 19.8 Pru) so if the Noell/Moores offer figure was reported (230 mil) pre debt repayment figure (-55), then by the time the debt had been repaid (175), the cash figure would be the same as FM (175).
So positive spin for BK, but same result in terms of cash received.
But I may be well wide of the mark.

Edit: Got a like from the Esk so the methodology and devious mind bit is spot on if nothing else!