Of course I think he's admitted it now.. but being flippant he's now saying vibrac loans were investment... no that's because our board were financially incompetent..
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Or they didn't have a pot to piss in
On paper he does, but he is a special case I think (insofar as nobody ever expects him to call it in, given his behaviour over the last 15 yrs)
So it is a loan, exactly what Moshiri has done. Glad that's cleared up
But it's not though is it?
RA has no intention of being paid back. Moshiri? Not so much
Well it is, because he loaned money to Chelsea via a holding company. It's there in black and white. Unless you can prove otherwise
But it's not though is it. The two situations whilst appearing The same are actually quite different
tommye
Player Valuation: £100m
Not really. Unless you can prove otherwise of course.
Fine, they are the same. RA is going to bankrupt Chelsea, or Farhad has just gifted us 80m
So you know moshiri and abramovich personally and have asked them Yeah? I'm gonna go with you dont... you don't know and neither do I.
This charade can go on no longer. The simple question is: did Roman loan Chelsea FC money via a holding company?
The answer is yes, therefore a loan agreement is in place
Yes, but RA is a special case. Highly unusually, he is not going to call in that loan.
Our guy like the rest of tHe populationis going to call it in.
So I can say that Chelsea to all intents and purposes can treat that loan as investment because tHey know it will never be called in.
I thought you were a solicitor
davek
Player Valuation: £150m
My concern is for the long term well being of the club. Paying for a stadium is a risky business at the best of times, when you add on a deal on funding that has uncertainty surrounding control for four decades to come, that makes it even more of a risk. Build a stadium and get it paid off asap has to be our objective. I had harboured some hope that Moshiri would have a lot more skin in the game than nothing, not the least of reasons being that any increasing costs for the project would be avoided like the plague if some of the liability was headed toward him.
...and you haven't allowed for the possibility of opening the club up to a share issue or offering something like a debenture issue for seats which could cut down the need for institutional borrowing.
As I see it, there are two concerns here: one is balance between internal and external control of the club in this whole process; the other is the role of Moshiri who appears to have decided upon his "clever" funding model that no other top flight club would contemplate to the exclusion of more orthodox stadium funding models. He'll be here short term; the club will be here long after he's gone and will be dealing with the consequences of the architecture of his deal - through whatever environment exists in the coming decades for a consumer product like PL football.
Finally: I cant believe how lacking in caution are the views of many on here who seem to just be giddy with the prospect of a stadium at the docks and who've apparently thrown all reason out the window to the extent that they are unwilling even to look at all possibilities. We've just had two of the worst owners of this club in history in succession in the shape of Johnson and Kenwright, but some are willing to give a man like Moshiri a blank cheque to construct whatever plan he likes on this most crucial of issues.
I dont get it. We're not sheep who accept everything as a given. That's not my experience of my fellow Evertonians anyway.
tommye
Player Valuation: £100m
But how can you say either are true?
You have no idea. You're just assuming the worst and running with that.