Farhad Moshiri

[Goat]

Nope.

The club still use loans backed up by the sky cash:

From The Guardian 6 months ago:

"At Everton’s AGM in November 2015, the CEO Robert Elstone castigated shareholders who asked questions about Green’s potential involvement before revealing that the club’s net debt had increased from £28.1m in 2013–14 to £31.3m in 2014–15, despite announcing a record turnover and bumper new TV deal.“We have three sources of lending,” he said. “We have a long-term loan with the Prudential that expires in 2026, an overdraft with Barclays that is not enough to manage the day-to-day cash flow of the football club and, to address that, we borrow from JG Funding (a private company) against the TV money. It is all fully disclosed in our accounts, is approved by the Premier League and paid back at the end of the year.”

Less than six months after the loan with JG Funding was taken out, Moshiri paid £87.5m for his 49.9% share, valuing the club at £175m. The publication of Everton’s 2015-16 accounts last week revealed the Iranian businessman has also provided an interest-free loan of £80m “with no agreed repayment date. This funding has been used post year-end to reduce the club’s long-term debt by repaying the entire other loans balance of £54.8m at 31 May 2016.”

Despite that, Everton’s accounts show that another loan was taken out on 26 August 2016. This time, it was registered to a company called Rights and Media Funding Limited, which had changed its name from JG Funding at the end of 2015"

Right and thats the debt that has just been paid off, its like you arent paying attention at all here.

 

[davek]

Which he will get back in spades, no doubt. He is not a philanthropist, he is a businessman and l have no qualms IF the end game makes Everton competitive. I really do not know what you want or expect out of Moshiri. Bill Gates, l believe, wants nowt to do with us but if that is how you feel then let's sack off Moshiri and stick to what we know best - being also rans with a proud 'history' because it means sweet F.A. nowadays. Mankind is where it is currently because people over the ages took risks - sometimes for good, sometimes for bad - but you will never know until you at least try.
So please stop your negative whinging. You are nothing more than an, albeit successful, 'shock jock' who likes to rattle people's chains to prompt a response.






Arghh, l fell for it!

Ok thats fair enough.

But just dont tell me that #nothingwillbethesame.

That's just bunkum and the club need to take that claim back.

 

[hibbo'sclass]

There are loans as far as I'm aware. These are still in play and secured by the sky cash.

Check Companies House - only charges are the standard ones for an overdraft.
No charges over PL payments as these were RMF/JGF.
BHHL loan (Farhad Moshiri) has no charges against anything, no fixed repayment date and interest free(?) per the accounts.

 

[davek]

Right and thats the debt that has just been paid off, its like you arent paying attention at all here.

I know the Pru debt was 'paid off' (in reality changed hands). The loans backed up by the sky money though is still ongoing...hence the fact we are in debt.

 

[davek]

Check Companies House - only charges are the standard ones for an overdraft.
No charges over PL payments as these were RMF/JGF.
BHHL loan (Farhad Moshiri) has no charges against anything, no fixed repayment date and interest free(?) per the accounts.

He'll get the £80M back by hook or by crook, either repayment or capitalizing his shares.

 

[hibbo'sclass]

He'll get the £80M back by hook or by crook, either repayment or capitalizing his shares.

He's an owner, not a sugar-daddy.

 

[granter79]

Debt free? We have short term loans and the little matter of owing Moshiri £80M.

Back in that negative cave of yours. Laughing stock now at this stage.

 

[CynicalBlue]

He'll get the £80M back by hook or by crook, either repayment or capitalizing his shares.

Most likely on sale of the club I would imagine.

 

[davek]

He's an owner, not a sugar-daddy.

He's not what was promised, that's for sure.

 

[hibbo'sclass]

Most likely on sale of the club I would imagine.

Guy gets money he's loaned returned to him shocker.

 

[hibbo'sclass]

He's not what was promised, that's for sure.

I'll indulge you.
What was promised?
By whom?
With links please.

 

[Goat]

He'll get the £80M back by hook or by crook, either repayment or capitalizing his shares.

You just got served.

Clear your desk.

 

[CynicalBlue]

I'll indulge you.
What was promised?
By whom?
With links please.

Forgive if I'm wrong but I remember BK always saying he was never looking for a buyer but more of an invester as he was worried of incidents like Blackburn, Leeds etc?

 

[davek]

I'll indulge you.
What was promised?
By whom?
With links please.

The promise of a complete reboot of this club that many were talking of and stoked by Moshiri himself with his talk of 'giving what I have' to the club.


That is all in the bin now. We now know what we have: a man who will use player trading cash and tv cash to keep the squad ticking over and look to leverage a massive debt onto the club to fund a new stadium.

That reality is hard to bear, I realise. But it is nevertheless a reality.

 

[davek]

You just got served.

Clear your desk.

Didn't notice that event. What happened?