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Yeah because his mate is going to say what a crap owner he is to the press.
Come on now Tone.
I've been called Eric and now Tony this morning. You all need to make your mind up.
Why would anyone just give away 80mil of their own money? He isn't a billionaire because he just throws money at everything.
He has paid off our debts with an interest free loan with no repayment date. Firstly, it protects his investment should he later sell the club on. He can then claim his 80mil back from the new owners - this is the unlikely scenario. More likely is that once the club is on a better financial footing - better commercial revenues, new stadium, Champions league football, high levels of turnover - he could take back his investment and the club becomes self funding without any liabilities.
I am an Evertonian and even I wouldn't just give 80million of my cash away - if I had that much
Frank Gallagher
Player Valuation: £50m
what ??? the blokes either deluded or the mosh has a huge warchest coming over on a wooden sailboat down the mersey direct from the somalian pirates..
tommye
Player Valuation: £100m
You know what he does. You all know what he does. Yet despite this you all dance to his tunes wherever that may be.
Feed the troll and he will bore.
Moshiri's mate saying Moshiri's sound.
Has weird mates him.
If he was my mate I'd be saying he'll take them down.
davek
Player Valuation: £150m
Dont call a loan an investment. It's not.
investment
ɪnˈvɛs(t)m(ə)nt/
noun
the action or process of investing money for profit.
loan
ləʊn/
noun
a thing that is borrowed, especially a sum of money that is expected to be paid back.
roydo
in memoriam - 1965-2024
Fair enough.
He has used his financial position to refinance Everton in such a way that saves us real money in interest payments, and improves the accounts we can produce by not having to include said loan in/on them cos there is no longer a fixed repayment date.
Ish.
That better?
What is a purchase of a bond then? Or issuing of preference shares? They are investments and are repaid back.
Your definition by the dictionary is poor dave.
roydo
in memoriam - 1965-2024
Been a few years out of this game, but doesnt the issuing of bonds equate to debt on the company/Government that issues them, and the folk who buy them are investing in said debt in return for a regular income? Similar but not quite the same for prefs?
davek
Player Valuation: £150m
Exactly, it's a loan not an investment which will be paid back. However, that seems the only factor put forward in terms of an explanation when someone asks the not unreasonable question about what substantially this feller has achieved that would elevate him to any sort of status?
davek
Player Valuation: £150m
If someone had said" "look, the loan will be paid back, but it has the benefit - the ONLY benefit really - of aiding a future stadium move if the opportunity arrives" then I'd accept that without hesitation.
But in and of itself that ^^^ is not substantial either. A stadium scheme first has to be put in place and planning permission accepted for it to transform into substance.
roydo
in memoriam - 1965-2024
I am quite happy with the direction he seems to be taking us. I like the way he seems to have a plan, the ambition, and access to his cash, and I presume like minded folk he has bumped into during his 30 odd years in a successful career.
What accounting tricks he pulls to improve our finances I couldnt really care less about.
Have we got a shiny new ground all ready? Nope.
Have we got a realistic hope that we might? Yep.