The Usmanov Question - why he won't be buying into Everton
The Premier League is real estate with a limited number of properties (clubs). Few investors can access this market, and most of the desirable properties have already been acquired. Clearly Usmanov is a big fan of the Premier League, has committed resources to it and wishes to increase that exposure. Similarly Moshiri is of the same opinion.
How do they both achieve their aims of increasing their investment exposure to the Premier League? Arguably a week ago the answer was to hope for Kroenke to sell his majority holding in Arsenal to Red and White Holdings, however given this is unlikely to happen in the near time, and the desire is to increase exposure now how do they achieve this?
Red and White holdings provides Usmanov and Moshiri with approximately £400 million worth of exposure to the Premier League between them. By Moshiri selling to Usmanov, Usmanov increases his exposure to £400 million. Moshiri in the meantime switches his exposure from Arsenal to a more risky but with higher growth potential investment in Everton.
Result - their combined exposure (I'm not saying they're working together, far from it, just from an asset allocation position) has increased by 50%, Usmanov now has a larger interest in his beloved Arsenal and Moshiri has a higher growth potential investment in Everton and he's running the show.
So, for Usmanov to buy Everton he would now have to sell his enlarged position in Arsenal, and reduce his exposure to the Premier League and Moshiri would lose control of his own football club, something we believe has been an ambition for a long time.
A Very interesting take and perspective on the matter
@The Esk, i know it's just your own opinion and such but a few counter arguments to what you said.
Kroenke will not let go of control of Arsenal, additionally he has stated numerous times he sees it as something he will leave to his children when the time comes, he rose to cpontrol of Arsenal primarily due to the backing of the then board being an opposition to Usmanov, since taking control he has kept Usmanov on the outside and rebuffed time after time any attempt for him to take any form of control or influence at the club, I don't see that situation EVER changing
Usmanov has clearly stated he wants control - by words and his actions, eventually won't there come a point that he relaises it will never happen at Arsenal - at that point why would he stay at the club knowing every attempt he can make will be futile?
Now for my own conspiracy theory take on things.
Usmanov and Moshiri could not invest or take ownership in any club whilst co owning 30% of Arsenal via red and white holdings, by selling one to the other they have basically freed one of them up to come into a club and start the groundwork for the others arrival, in terms of gaining control and not facing a situation ala happened at Arsenal, in order to raise the profile, start the ground move/redevelopment and in order to give the other party time to fetch the maximum price for their stake in Arsenal (or potentially make one last serious push at gaining control)
I'm betting that the price per share of Moshiri buying us compared to the price per share if it was Usminov coming in would be significantly larger
The track rtecord of Usmanov and Moshiri is one of working together for nigh on 25 years? both have the same aim - to have control of the direction of a club - but they share the same vision of how that could be done - as evidenced by their open letter to Arsenal of 4 years ago, I don't see one acting compltely independant of the other. Also i think the American interest kind of forced there hand from sitting and waiting for the situation to fully resolve itself at Arsenal one way or the other - with us as a contingency plan for them, to havign to act now - hence the quick sale of Moshiris half of red and white holdings and purchase of us.
Be interested to hear your take on what i have posted mate