Farhad Moshiri

[Neiler]

I think we are certainly looking to realise a value on the site, through some kind of residential and commercial development, maybe even the likes of the hotel on the park side. I certainly dont think we will be giving gaffs away. How much or how little, that will yield is speculative at this point as we dont know the model, plans etc, you would assume less then Highbury that did the 150 mill in business during a recession. But an interesting development none the less, i suspect we will go about this is a less philanthropic way then we all would previously assumed albeit we will dress it up.

But it certainly significant in my opinion.

 

[Goat]

I think we are certainly looking to realise a value of the site, through some kind of residential and commercial development, maybe even the likes of the hotel on the park side. I certainly dont think we will be giving gaffs away. How much or how little, that will yield is speculative at this point as we dont know the model, plans etc, you would assume less then Highbury that did the 150 mill in business during a recession. But an interesting development none the less, i suspect we will go about this is a less philanthropic way then we all would previously assumed albeit we will dress it up.

But it certainly significant in my opinion.

??????????

Where you getting 150m from?

However, the redevelopment of Highbury could present some difficulties. Construction is close to completion, with 186 apartments, at a value of £76.7m, now finished and sales at £58.1m at 30 November 2008.

 

[davek]

Shes just a glorified secretary, she has no say in how the business is ran.

She's good at getting charity donations for EitC and handing it a lot of good PR. That's it. But it's not what we need in a CEO. That position requires a visionary. We need a clearout of the amateur culture at Everton. Unfortunately, amateurs and pliant placemen and women are exactly what Moshiri wants. It's to his benefit to create the veneer of levels of command with himself aloof from the whole day to day running. The reality is those people make small decisions in the day to day running of EFC and handle PR; Moshiri makes the broad brush stroke decisions on the important things.

 

[Neiler]

??????????

Where you getting 150m from?

However, the redevelopment of Highbury could present some difficulties. Construction is close to completion, with 186 apartments, at a value of £76.7m, now finished and sales at £58.1m at 30 November 2008.

The company said it had sold 362 private apartments at Highbury Square, the site of its former home ground.

Those and a social housing site nearby generated £156.9m revenue from property and allowed it to repay £129.6m of bank loans.

The overall level of group net debt had fallen from £297.7m last year to £135.6m.

Turnover grew from £313m to £379.9m.

Arsenal property deals send profits to record high

Arsenal profits hit a record high boosted by flat sales from the development of its former Highbury home ground.

www.bbc.com

 

[Bob Elstone]

She's good at getting charity donations for EitC and handing it a lot of good PR. That's it. But it's not what we need in a CEO. That position requires a visionary. We need a clearout of the amateur culture at Everton. Unfortunately, amateurs and pliant placemen and women are exactly what Moshiri wants. It's to his benefit to create the veneer of levels of command with himself aloof from the whole day to day running. The reality is those people make small decisions in the day to day running of EFC and handle PR; Moshiri makes the broad brush stroke decisions on the important things.

Got to agree with this.

She was such an easy selection as a candidate for the job.

Everton had a chance to show some ambition. Recruit some hard nosed visionary from the commercial private sector and as usual took the easy option.

Gave it to someone already in the tent with no experience running a world class Organisation. Was a disappointing, unambitious appointment and missed opportunity imo.

 

[The binman chronicles]

Everything you need on one site here...

Architects
Directors
Accountants
Construction specialists
Marine construction specialists
Land developers
Board members
Valuers
Property developers....you name it, its all on GOT

To be fair with how many people are on this site I would be disappointed if there wasn't at least one of the above knocking around.

 

[Frang]

I mean Arsenal made 30m for selling 90 apartments in London town, but that was 9 years ago.

I cant see the value increasing 3 fold in 9 years, in Walton.

Personally I suspect Denise is chatting utter wham.

its very unsurprising though isn't it, as the entire board seem to live in cloud cuckoo land.

 

[Frang]

She's good at getting charity donations for EitC and handing it a lot of good PR. That's it. But it's not what we need in a CEO. That position requires a visionary. We need a clearout of the amateur culture at Everton. Unfortunately, amateurs and pliant placemen and women are exactly what Moshiri wants. It's to his benefit to create the veneer of levels of command with himself aloof from the whole day to day running. The reality is those people make small decisions in the day to day running of EFC and handle PR; Moshiri makes the broad brush stroke decisions on the important things.

and this ^^^^ people , is why will will go nowhere as it stands.

we need a real board of professionals, not what we have now.

to think our commercial side will improve under this lot is laughable... and without commercial revenue increasing dramatically, then we will not be able to spend any of Moshiri's dough... that's even if he wants to spend any

 

[CRIMHEAD]

Well you fell at the first fence there - seeing as Moshiri isn't a businessman.

And I'm happy for you to be able to read a financial statement and not see the wood for the trees. We have our largest ever debt in the club's history. We have a terrible commercial department that offers no scope to significantly reduce that debt; we have a majority owner looking to add another minimum of half a billion pound sterling to the £350M debt the club already carries in order to add value to his investment here.

You *know* how businessmen work, I know how carpet baggers work. You have a cavalier approach to debt and the long term security of Everton; I have a cautious approach that senses danger from an outsider looking to make a massive profit from Everton by stretching the club's ability to stay sovent in any unforseen event...Maybe that's because I support just Everton and dont have the Pittsburgh Steelers to fall back on?

Again, looking at things from a business sense. I'm sure the line of credit and/or any future financing will have covenants that will restrict Moshiri's ability pull money out. He'd sell if he suddenly was forced to do that and you obviously wouldn't care as he's a ruthless carpet bagger. Solvent? Again, there's no external debt but the line of credit.

I guess I just don't understand your concerns. Everton is not dying or going away. Certainly not as currently structured.

So let me ask you this - what could an owner do to make you happy with them? In all seriousness. Is this really a concern about Moshiri, or is it ANY owner?

 

[CRIMHEAD]

and this ^^^^ people , is why will will go nowhere as it stands.

we need a real board of professionals, not what we have now.

to think our commercial side will improve under this lot is laughable... and without commercial revenue increasing dramatically, then we will not be able to spend any of Moshiri's dough... that's even if he wants to spend any

It tripled from last year, didn't it?

 

[CRIMHEAD]

Everything you need on one site here...

Architects
Directors
Accountants
Construction specialists
Marine construction specialists
Land developers
Board members
Valuers
Property developers....you name it, its all on GOT

Its actually true.

 

[Frang]

It tripled from last year, didn't it?

yet we are still limited on how much we can actually spend... go figure

 

[CRIMHEAD]

yet we are still limited on how much we can actually spend... go figure

Honestly, it's more from having such a low number to begin with.

Why do you think we are limited in what we can spend?

 

[Frang]

Honestly, it's more from having such a low number to begin with.

Why do you think we are limited in what we can spend?

because our turnover is so poor we are limited.. that's why we HAVE to sell before we buy as not to infringe the rules.

we all know we have to shift dead wood on anyway..

look at united , they are looking to buy in new players, but they don't HAVE TO SELL as their commercial revenue is so high... they could keep Pogba and snachez in the youth team and still go and sign 5 new players at 80m+ without a worry

 

[CRIMHEAD]

because our turnover is so poor we are limited.. that's why we HAVE to sell before we buy as not to infringe the rules.

we all know we have to shift dead wood on anyway..

look at united , they are looking to buy in new players, but they don't HAVE TO SELL as their commercial revenue is so high... they could keep Pogba and snachez in the youth team and still go and sign 5 new players at 80m+ without a worry

That's fine, I wasn't sure if it was the rules of the concern that Mosh wasn't going to keep investing.