Farhad Moshiri

[Foot Long Hot Dog]

Lol. Paying for shares is not investing.

He's loaned cash to pay off debt...which is the new long term debt.

We sold a player to pay for incoming players last summer.

We have promises of jam tomorrow on the stadium front.


Sick of hearing how better off we are under this feller. We might be in time, but now is not that time and no amount of spin can make it seem so.

He's put £80m of his own cash onto the balance sheet on top of buying into the club for a further £87.5m.

There's strong rumours that he's put further cash onto the balance sheet since.

Your view is puerile nonsense as we are in a vastly different position. Unless that is, you can tell me the last time we had an investor who put £80m onto the balance sheet - interest free and with no repayment schedule?

 

[Dymak]

Paying for shares is investing. He is 'investing' HIS money into Everton Football Club, to own a significant shareholding in the club, which then gives him the position of being able to affect things within the club. Just because HIS money went into Kenwright and Woods pockets and not directly into the club's coffers is completely irrelevant. Moshiri made a significant contribution by paying the necessary £89m asking price to obtain 49.9% of Everton. This is completely inarguable.

Secondly, he paid off the debts, of which we were being charged crippling interest on every year. We have had these long term debts for over 20+ years. He paid another £80m - of HIS own money - to clear these debts, that were debts attributed to something he owns 49.9% of. So he effectively now owes himself £80m. The loan is interest free. There is no timetable for repayment. He could very easily convert the loan into equity and expand his shareholding into the club that way. So again, he's made a significant financial contribution.

Running financial total spent by Moshiri thus far, based just on the two things above: £89m + £80m = £169m.

Now on to more of his spending....

Roberto Martinez threatened to take Everton to court after his dismisal, demanding £12m compensation for payment on the rest of his contract. He settled out of court with Everton, for £10m.

Add that to the money Moshiri shelled out. Plus pay offs for Martinez backroom staff.

Ronald Koeman came to Everton because we agreed to pay him £6m a year. This is double what Martinez salary was.

Since July 1st, 2016, we have spent £76.1m on signings, and have recouped £47.5m due to one player sale. Total net spend on players thus far is £28.6m.

Just for comparisons sake, during that same time period, LFC have spent £61.9m and recouped £77.8m. Which puts Moshiri's spending commitment into perspective, compared with FSG.

So all in all, thus far, in the space of less than one year, Moshiri has spent well over £200m bankrolling Everton Football Club.

And that's also including money spent doing up Goodison and also a lot of money paying the likes of Dan Meis for stadium design and all the associated costs with investigating the feasibility of Bramley Moore Dock.

It's absolutely embarrassing and shows supreme ignorance, not just to basic facts but also to Everton's financial history over the past 17-18 years - to even question Moshiri's financial backing of Everton Football Club at this point. He is totally transforming the club.

Many of your points are accurate, but why are you acting like Moshiri has been meeting the costs of Martinez' contract termination and the increase in salary for the new manager? They were expenses that were met with club revenue, and you neglect to mention that Moshiri's arrival has coincided with a massive new TV deal that was even bigger than the last one.

Without Moshiri we would still be on a massive decline as a result of the damage caused by Martinez the Saviour and our best squad in 30 years. Moshiri's investment is coming in the form of sponsoring Finch Farm, with the investment being about 35 million over five years, I believe? That, along with removing our interest payments burden will increase revenues and decrease costs allowing for money to be spent on the squad.

He has effectively gained control of Everton for just under 90 million pound at a time when a relegated Aston Villa was sold for just under 70 million, and just weeks after he received in excess of 150 million pound for his Arsenal shares. When you include his debt payments, his outlay on purchasing Everton is about 170 millon, which is what we were being valued at prior to the change in ownership. You talk about how easy it would be for Moshiri to convert the debt to equity, but he is deliberately choosing not to do so. This doesn't make him the Devil incarnate, but it does mean that talk of 100 million pound cash injections and 60 million pound world record breaking bids for defenders are BS and way off the level that we are going to be operating at.

 

[davek]

He's put £80m of his own cash onto the balance sheet on top of buying into the club for a further £87.5m.

There's strong rumours that he's put further cash onto the balance sheet since.

Your view is puerile nonsense as we are in a vastly different position. Unless that is, you can tell me the last time we had an investor who put £80m onto the balance sheet - interest free and with no repayment schedule?

DONT try and make this feller out to be a benefactor. He is NOT.

He will get his loan back and his shares will rocket in value when a stadium is a built and this club is shifted onto the next "investor".

"We're in a vastly different position" only if we subscribe to your naive view that ignores the fact we have seen no substantial change where it matters most: game changing cash investment for improving the squad and getting a spade in the ground on a stadium build.

 

[Foot Long Hot Dog]

Many of your points are accurate, but why are you acting like Moshiri has been meeting the costs of Martinez' contract termination and the increase in salary for the new manager? They were expenses that were met with club revenue, and you neglect to mention that Moshiri's arrival has coincided with a massive new TV deal that was even bigger than the last one.

Without Moshiri we would still be on a massive decline as a result of the damage caused by Martinez the Saviour and our best squad in 30 years. Moshiri's investment is coming in the form of sponsoring Finch Farm, with the investment being about 35 million over five years, I believe? That, along with removing our interest payments burden will increase revenues and decrease costs allowing for money to be spent on the squad.

He has effectively gained control of Everton for just under 90 million pound at a time when a relegated Aston Villa was sold for just under 70 million, and just weeks after he received in excess of 150 million pound for his Arsenal shares. When you include his debt payments, his outlay on purchasing Everton is about 170 millon, which is what we were being valued at prior to the change in ownership. You talk about how easy it would be for Moshiri to convert the debt to equity, but he is deliberately choosing not to do so. This doesn't make him the Devil incarnate, but it does mean that talk of 100 million pound cash injections and 60 million pound world record breaking bids for defenders are BS and way off the level that we are going to be operating at.

He's bought half of EFC for £87.5m making the total value £175m so your Villa comparison is nads

He can't convert the interest free loan into equity until he owns the club ffs

 

[Foot Long Hot Dog]

DONT try and make this feller out to be a benefactor. He is NOT.

He will get his loan back and his shares will rocket in value when a stadium is a built and this club is shifted onto the next "investor".

"We're in a vastly different position" only if we subscribe to your naive view that ignores the fact we have seen no substantial change where it matters most: game changing cash investment for improving the squad and getting a spade in the ground on a stadium build.

You talk utter tripe Dave I thought your football knowledge was dire but your business knowledge is non existent

Sorry but you've proven yourself to be completely clueless on this issue and are merely continuing to display your total ignorance

 

[Jebus_lives]

DONT try and make this feller out to be a benefactor. He is NOT.

He will get his loan back and his shares will rocket in value when a stadium is a built and this club is shifted onto the next "investor".

"We're in a vastly different position" only if we subscribe to your naive view that ignores the fact we have seen no substantial change where it matters most: game changing cash investment for improving the squad and getting a spade in the ground on a stadium build.

I agree the man's an absolute disgrace. How dare he put in all that money while expecting his investment to increase in value.

 

[Dymak]

He's bought half of EFC for £80 making the total value £160m so your Villa comparison is nads

He can't convert the interest free loan into equity until he owns the club ffs

He's gained de facto CONTROL of Everton for 90 million, although it's really about 170 million because the debt payment should have formed part of the purchase cost, and for all intents and purposes it was included as that is his outlay in purchasing the club. An outlay which just about meets our market value. He could own the club tomorrow if he wanted to and convert the debt immediately, but he strategically chooses not to.

 

[nsno-chris]

Don't act intentionally daft. Every football fan measures investment by a very different yardstick than someone merely picking up the shares of their club and declaring themselves owners. When did anyone ever think to describe Kenwright as a great investor in this club? Never. It never happened because he didn't follow that up with anything of substance for moving the football club forward, be that in terms of investing in infrastructure or the squad.

You know that, but be my guest and continue to demonstrate how on the ball you are over traditional definitions of investment in the wider world. I'm sure the gallery will give their approval.

Kenwright is irrelevant because we're talking about Mosh for which he has invested money

Those the facts jack

 

[davek]

You talk utter tripe Dave I thought your football knowledge was dire but your business knowledge is non existent

Sorry but you've proven yourself to be completely clueless on this issue and are merely continuing to display your total ignorance

Don't think so. I've argued against clear falsehoods that allows those using them to present a great step forward here at Everton when there really hasn't been one.

Anyone viewing typical acquisition business practice as the sign of an organisation on the move and being boosted need to give their heads a very violent wobble.

 

[davek]

I agree the man's an absolute disgrace. How dare he put in all that money while expecting his investment to increase in value.

I agree with the substance of this. That's exactly what he is, a speculator. That's all that's being claimed. Others seem to want to also argue that he's our patron. Which, as you and I can both agree, is utter tosh.

 

[Warlordperforming]

The gibson contract harris on payroll and now this not adding up to anyone else?

 

[Jebus_lives]

I agree with the substance of this. That's exactly what he is, a speculator. That's all that's being claimed. Others seem to want to also argue that he's our patron. Which, as you and I can both agree, is utter tosh.

If his investment increases our brand, brings added revenue and a potential for greater investment that is progression for the club. Then we can entice this dickensian billionaire benefactor of yours to finally pump their money into the club. Exciting times ahead!

 

[DerbyshireAndHarper]

Many of your points are accurate, but why are you acting like Moshiri has been meeting the costs of Martinez' contract termination and the increase in salary for the new manager?

Because Bill Kenwright would not have been able to afford to sack Martinez, nor have the available funds to attract Koeman.

You talk about how easy it would be for Moshiri to convert the debt to equity, but he is deliberately choosing not to do so. This doesn't make him the Devil incarnate, but it does mean that talk of 100 million pound cash injections and 60 million pound world record breaking bids for defenders are BS and way off the level that we are going to be operating at.

Not necessarily. Him not converting the debt to equity straight away doesn't mean he's not willing to splash as the cash on players, as has already been proven by his spending thus far since July 2016, the start of his first window.

 

[The binman chronicles]

getting a spade in the ground on a stadium build.

To be fair Dave, if you wanted to build a house from scratch and you already had the land and the plans, it would probably still take a year before you see any work after planning and finding a contractor. So building something this size when you don't have the land and the plans aren't finished is going to take some time.

It can't be used as a stick to beat him with, unless you want a Kirkby style stadium in a dump out in the middle of nowhere? Some things are worth waiting for.

 

[hibbo'sclass]

@DerbyshireAndHarper
I am a simple man and have a simple question.
80mil(loan) +87.5mil (purchase of shares)= 167.5 mil.
Where has your figure of over 200 million investment by FM come from?
I would also point out that although the loans were paid off, there is a picture showing the projected borrowings figires for 16/17 from the GM which clearly shows borrowings of 80mil from BHHL and 22.5 mil from Rights and Media Funding.
The RMF loan was not extortionate in terms of interest at 5.2%. At their peak in terms of interest rates, Vibrac/RMF charged 8.8% as opposed to 8.2% charged by Barclays/Investec Bank which preceded them from memory.
I am an FM believer, but please lets not over-egg things.