Farhad Moshiri

[Toffe3m4n]

You become more preposterous with each passing day. Well done.

 

[roydo]

It's highly speculative.

Its not. Its a repeated model for dock/brown field development all over the planet. I feel like a busted record, but take a peek at any shopping centre development. Every single one will have a "Big Name" first user tenant, a Lewises, Marks, whatever. It attracts the footfall, and the finance, for the smaller units to be filled.

Same with distribution sites. They have an Amazon/Tesco/Asda type to get the local authority excited and hence support.

Dock development in Liverpool? How about a football stadium Joe?

Not a bad idea that.

 

[AsiaAsia82]

Any update ref Mosh's voodoo comments? Is Rom suing him or anything?

 

[deipnosophist]

£250m offer on the table. Ashley wants £350m, apparently.

So, using your logic, how much will Moshiri get for EFC with £600m debt on the balance sheet?

if Moshiri reckons he can load 600mio onto Everton's balance sheet, he can kiss his investment goodbye...because Everton will be bankrupted.
But I think he's smart enough to know this.

 

[deipnosophist]

Any update ref Mosh's voodoo comments? Is Rom suing him or anything?

he's waiting to hear from his adviser (aka the witchdoctor)

 

[Charlie Sweet]

Fake news.

Some of it is from player sales, some of it is from the TV deal, but we have sacked 2 managers and appointed another 2, your mate Clownface rinsed the club for 15m on his own, trust me, the sales and the TV deal dont stretch as far as you think.

Since hes arrived we are the top 3 spenders in the league, NET AND GROSS.

The debts have been paid
Land bought for the stadium

But its not enough for Dave, 59, from wigan, he wants MORE!!!!

Theres actually not a lot more he can give.

Don't want to dampen your enthusiasm but we haven't bought the land for the stadium as of yet...

And as for "Since hes arrived we are the top 3 spenders in the league, NET AND GROSS."........

 

[technojoe]

Fake news.

Some of it is from player sales, some of it is from the TV deal, but we have sacked 2 managers and appointed another 2, your mate Clownface rinsed the club for 15m on his own, trust me, the sales and the TV deal dont stretch as far as you think.

Since hes arrived we are the top 3 spenders in the league, NET AND GROSS.

The debts have been paid
Land bought for the stadium

But its not enough for Dave, 59, from wigan, he wants MORE!!!!

Theres actually not a lot more he can give.

You’re the real frandel here!

 

[Brisan123]

Debt is only a problem if you can’t repay it
We all ( or most of us ) had big debt at some point in our lives , that’s why the banks limit what you can borrow.
600m is a lot of money to us , a hell of a lot.
However to investment funds and Big property companies ( like the one who do buisness with Corestate Worth 500b ) it’s not a lot of money
Amortise 600 m over 30 yrs at 4% ( a good deal with eurozone rates at zero) and it’s 26 m a year
20m naming rights for the USM stadium naming rights
9m off Sportspesa
4/5 m off Angry birds ( Usmanov/Moshiri connections )
15/20 m extra stadium revenue
It all addds up and is not a problem for the big lenders.
And before you say why would USM sponsor the stadium I’d say Finch Farm
20m is 1% if what Usmanovs net worth increased by last year.
Not saying any of this will happen , but these lads don’t get involved unless they know what they are doing

 

[bluestevon]

What's it to him though? He had three major assets in blue jerseys he could cash in on when he arrived. He sold two for mega money and went spare when the other refused to go when told. He had to recycle that cash and the tv money to remain competitive and attract investors to the Everton project and the proposed stadium would be the beneficiary of that. It wasn't cash coming from his pocket, so it was a sound business move. However, it was wasted by a terrible manager, and you have to wonder whether the two were connected: Everton's waste of cash and downturn on the pitch to relegation threatened candidates and the inability to attract investment for the stadium via the preferred SPV route of the club and LCC, which led in turn to a necessity for LCC to get even more involved.

Whatever the feasibility of that the cash spent was entirely logical and not something that points to "commitment" from Moshiri beyond the obvious parasitical relationship he has with us.

why spend 300m when he could have spent 150m instead dave and ultimately see Ashley, Porno barons etc for what a owner whose just interested in max profit will act like.

and ultimately Dave, he will be the sole owner of the club soon anyway, so in essence the clubs money will be basically his, it's not like if he didn't spend the tv money then it'd go to someone else, would just be sitting there as a asset/balance for when he buys out the remaining shares etc

Trust me mate, he's not behaving as a owner just wanting a short termish profit would behave, now does that mean i rate him as an owner because of that, nope, he's looked dangerously out of his comfort/knowledge zone so far and if he doesnt learn fast or usmanov doesnt arrive then doesnt matter what his motives are anyway as he will leave us in a mess he can't spend his way out of.

 

[The binman chronicles]

My point is that Moshiri has done nothing in that respect that Kenwright wasn't in is last two seasons here...we had net spends in the £20M+ mark on the basis of extra tv cash and now that tv cash has increased (and just at the same time as two massive sales).

Yiu and others are guilty of genuflecting way too much toward Moshiri given what he'\s ACTUALLY committed to us.

We have upped our top earner wages from the 75k to 150k (& now have lots of them) this enables us to offer better deals than a lot of clubs but funny enough they get about the same income as us... I wonder where the extra money is coming from, or are they withholding? In both cases we are better off.

if Moshiri reckons he can load 600mio onto Everton's balance sheet, he can kiss his investment goodbye...because Everton will be bankrupted.
But I think he's smart enough to know this.

We wouldn't be bankrupted as it will be long term debt and affordable, however Dave's point that someone comes in and then buys Moshiri's shares is blown out the water as no one is going to give Moshiri 300M + (and even then that wouldn't be much of a profit) when there is 600M to be paid by the club. They would have to buy with their own money as no bank is going to give them a loan based on the assets, as they are already secured against charge 1.

So in fact the debt makes us less likely be ripe for a leveraged buyout keeping us away from would be wolves.

 

[bring the ghost on]

No they’re not, he’s only got options on the former true blue shares

Should have read just 1 post along ha

Yes, I assume when he said the other shareholders should put money in, he meant Kenwright, Woods, et al, rather than a bunch of minority shareholders who purchased a single share ten years ago...

 

[catcherintherye]

why spend 300m when he could have spent 150m instead dave and ultimately see Ashley, Porno barons etc for what a owner whose just interested in max profit will act like.

and ultimately Dave, he will be the sole owner of the club soon anyway, so in essence the clubs money will be basically his, it's not like if he didn't spend the tv money then it'd go to someone else, would just be sitting there as a asset/balance for when he buys out the remaining shares etc

Trust me mate, he's not behaving as a owner just wanting a short termish profit would behave, now does that mean i rate him as an owner because of that, nope, he's looked dangerously out of his comfort/knowledge zone so far and if he doesnt learn fast or usmanov doesnt arrive then doesnt matter what his motives are anyway as he will leave us in a mess he can't spend his way out of.

None of us really know what Moshiri's plans are beyond the next few month. In 6 months we will have some clearer answers. Basically it will be revealed once we have concrete plans for the stadium and we get the first "spade in the ground" as it were.

It's hard to look at what happens come the summer. It could well be, after 4 windows where we have had a net spend, money stops being spent and we have to stand on our own two feet. Alternatively at the other end you have Moshiri taking full control, and further increasing his investment again (or even Usmanov doing in and taking it another notch up on that). We could just keep going as we are, which is moving lads on, spending that money plus a bit of a premium on top.

I think a lot will be told by what happens in the summer. A lot will be on what we do with Allardyce. Do we keep or sack. If we sack how quickly is it done. How professionaly do we conduct a search. Who do we get in? Does Walsh go/have a change of role with it etc. I'm not sure there will be many excuses left if it doesn't go as we want it too

 

[roydo]

Yes, I assume when he said the other shareholders should put money in, he meant Kenwright, Woods, et al, rather than a bunch of minority shareholders who purchased a single share ten years ago...

Who said that?

Not a chance any other shareholder would pay a bean to the stadium because they all have a pre agreed price to sell to Moshiri when he pulls the Buy trigger.

 

[Woolly Blue]

Heres the thing though Dave, IF his ambition was just milking the club, then he'd be spending just what is required to stay afloat in the league

Like him or not, he hasn't done that by a long shot, or to put a perspective on it, Say West Ham sold a player for 75-90m - you reckon we'd see them spunking 150+ m on players in that season, not a chance in hell they would do. Same goes for Newcastle and the other clubs where the owners have shown that without doubt they are after lining their pockets first and foremost.

Moshiri could be here for 6-7 years and then move on after making a good profit after the stadium is built etc mate, but thats 6-7 years of having to put up with fans moaning in every media outlet that gives them a voice, on every social media platform, having to fend off questions from the media and negative articles, all for the sake of a few hundred million (lets call it 500m at a stretch) in profit after those seven years.

He made that much and more by buying up shares in Facebook early doors and then offloading them when they went through the roof about 4 years later, and all he had to do was sit there watching the price rise until the correct time to cash in and make the profit.

No hassle, no exposure, little risk as he knew the field, and easy money, why on earth would he go into this club to make a similar profit which will be the hardest grindiest profit he's ever made in his life, and having to deal with the utter mess the club is and all the problems that come from that? and even at the end of it, if he does cut and run he will be lumped in with chancers like Ashley and the dildo brothers, wreck his reputation, all for a profit he can and has made with little fuss in the past.

Really doesn't make any sense mate, this is for him a vanity project, IF he has the actual money to succeed and does he have the backing of Usmanov will determine that success, combined with if he is learning from his mistakes before it's too late for him and us (which are joined for now)

Spot on this post.

I'd wager Moshiri could have sold his shares in Arsenal to Usmanov, taken it somewhere else and made roughly 20% a year, year in, year out, doubling his cash every four years. The chances of him beating that sort of return over the next five to ten years at Everton are fairly low.

 

[davek]

£250m offer on the table. Ashley wants £350m, apparently.

So, using your logic, how much will Moshiri get for EFC with £600m debt on the balance sheet?

Everton had £80M of debt when Moshiri came in, with little by way of assets. The club was valued at £175M. We found our buyer then and in a much worse state than we'd be if a stadium is built on the docks.