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Two wrongs dont make a right.But @davek Kenwright just took and took.
Right now Moshri has invested or got investment into the club while Bill screw up every single deal worthwhile from kits to stadiums
That's the club's money.
I cant believe anyone is actually still believing that this feller is handing over his own cash to run the club. It's like some people aren't aware we get money in for player sales, commercial deals and the tv cash. You do realise that all that cash doesn't come into the club and into his pocket and then "he" provides funds for the stuff you point to going on, surely?
*sigh*
I'm no apologust for the Kenwright/Green era, but the worst excesses of that had ended before Moshiri arrived. The net spends in the last two seasons were (at that time) very decent compared to what had gone on before. The extra tv cash had a massive effect on what we were able to do.
If there's been a big leap forward in terms of club governance at this club I haven't seen it. In fact, I see an almighty mess in terms of finances and the increased layer of useless bureaucrats at the club making awful decisions.
We are flabby and clueless as an organisation. That's all happened on Moshiri's disastrous watch.
All true.
Two wrongs dont make a right.
Kenwright and Earl and Green / Moshiri and Usmanov
= carpetbaggers.
Prima facie, that report by John Blain does not totally gel with the 'carpetbagger' characterisation anointed Moshiri here on GOT (thanks largely to the tireless investigative work of esteemed GOTer @davek, (who, as chief whistle-blower as to the back-stabbing inclinations of Bainesy and Capt Jags, enjoys a large amount of credibility around these parts).If indeed @davek is correct, (and his track record toward this is hitherto unblemished), it would appear Mr Blain has been cleverly hoodwinked by the Iranian interloper, the Persian carpetbagger.
I for one, am taking this report with more than a grain of Dead Sea salt...
not only that, it's a magic carpet...the bag flies.Using Persian carpet to make the bag....how classy is that
He's not collecting interest and he put in 150M of cash to pay off debt. OF COURSE it's equity, because its his frigging club. He owns it. I cannot believe that you don't understand that. It's his investment that he's making NOTHING OFF OF. He's not taking profits from Everton, he's not taking any cash back. As a result, he eliminated a significant amount of interest payments to help with financial fair play.
So yes, if he sells the club and makes any money off of it - and I'm not even going to get into valuation methods - he would get his investment back. But the opportunity cost and money he's leaving off the table by just handing the club 150M is literally AT MINIMUM 5M a year, but realistically closer to 10M. So he's not just giving the club 150M, he's eating like 10M a year on top of that AND saving the club almost as much in interest by paying off the debt, which is saving the club like 10M a year at least.
So by any accounts, he's been a tremendous owner from a financial standpoint. He's clearly not making investment to make money downstream or else he's insane, and he's absolutely not.
Now the second he starts taking money out of the club, we can have a different conversation. But until that happens and/or we start spending less than we take in, which we don't right now, you need to stop talking out of your behind.
Cousin of a pillowbiter?Whats a carpetbagger?