Farhad Moshiri

[Dymak]

As I said, nothing you are saying is even close to being true.

From Andy Hunter :

Three weeks ago, Silva claimed a sense of crisis was easy to manufacture around Everton given the money spent under Moshiri – around £450m, the fourth-biggest outlay in the Premier League over the past five years. But the crisis is now real and largely of Silva’s making.

But feel free to continue to spread lies.

Come on mate, his expenditure has just doubled in the space of your last two posts. People really need to stop conflating Everton's expenditure with Moshiri's.

 

[Goat]

Come on mate, his expenditure has just doubled in the space of your last two posts. People really need to stop conflating Everton's expenditure with Moshiri's.

Hunter is talking total spent, my figures were NET.

Anyway I feel as tho im making the same points hourly, so im done here for a bit.

 

[Dymak]

Hunter is talking total spent, my figures were NET.

Anyway I feel as tho im making the same points hourly, so im done here for a bit.

Your figures will have included the commonplace practice of restructuring debt during a takeover, they possibly even include his purchase of shares as well. I'm not claiming that he's done a Kenwright and spent nothing at all, but you can't ignore the absolutely massive figures being brought in through TV revenues and Moshiri's disastrous player trading when discussing how much the club and/or Moshiri has spent.

I don't think it comes under the umbrella of 'splashing the cash' in Premier League terms. The last two transfer windows have certainly seen no 'splashing of the cash'.

 

[Catfish Blues]

Matt let's try this in simple language.

You have £500.

You buy some shares in a company. You do nothing with them.

Hooray! A decade later, those shares are worth £5000. You've done nothing but leave your money in and bored a few people in the pub about it.

You sell.

Now, are you:

1. Incapable of writing a coherent sentence
2. A leech
3. A shrewd investor

To be honest, although Kenwright made a mint ( he's reported as paying 9 million for his shares ) and selling something like 36 million worth ( plus the 5% I think he still owns ? ) , it's taken him 13 years to make that profit, so it works at about 11% a year, which isn't massively different to the return he'd likely have got from investing in a big bundle of shares and reinvesting the dividends ( which would probably have been 7 or 8% ).

edit : his return will actually be a bit better than that, because he hasn't fully sold up yet

He's done well, but, purely from a financial perspective, given his contacts and the amount of money he started with, he could almost certainly have found a better home for his cash.

Not that I'm feeling sorry for him like, unless you're a total prat, money makes money, so I'm just putting it into perspective.

 

[orly]

To be honest, although Kenwright made a mint ( he's reported as paying 9 million for his shares ) and selling something like 36 million worth ( plus the 5% I think he still owns ? ) , it's taken him 13 years to make that profit, so it works at about 11% a year, which isn't massively different to the return he'd likely have got from investing in a big bundle of shares and reinvesting the dividends ( which would probably have been 7 or 8% ).

edit : his return will actually be a bit better than that, because he hasn't fully sold up yet

He's done well, but, purely from a financial perspective, given his contacts and the amount of money he started with, he could almost certainly have found a better home for his cash.

Not that I'm feeling sorry for him like, unless you're a total prat, money makes money, so I'm just putting it into perspective.

7 or 8% p/a on average for 13 years?

You'd marry off your daughter - and possibly your wife - for those returns. Jesus christ.

 

[roydo]

7 or 8% p/a on average for 13 years?

You'd marry off your daughter - and possibly your wife - for those returns. Jesus christ.

I would be more than content with half that.

 

[orly]

I would be more than content with half that.

... a classic combination of financial illiteracy and greed is why people fall for the mad get-rich-quick schemes, when even 3% p/a over a decade is pretty good

 

[Catfish Blues]

7 or 8% p/a on average for 13 years?

You'd marry off your daughter - and possibly your wife - for those returns. Jesus christ.

Dead easy if you've got cash which you don't need and the time to let it grow, nigh on impossible if you havn't.

As an example, mainly cos google threw it up, these are the figures for an HSBC Index Tracker ..

From https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR04CPQ&tab=1

You're basically talking about reinvesting dividends ( at about 3% a year ) and then expecting an average capital gain of about 4% a year.
Obviously that doesn't take into account the effect that inflation has, but neither does buying and selling shares in the club.

... a classic combination of financial illiteracy and greed is why people fall for the mad get-rich-quick schemes, when even 3% p/a over a decade is pretty good

I may be many things, but one thing I'm not is financially illiterate.

 

[roydo]

... a classic combination of financial illiteracy and greed is why people fall for the mad get-rich-quick schemes, when even 3% p/a over a decade is pretty good

Fear and greed. Scammers wet dream. Seen dozens and dozens of them over the years. Scams that is!

 

[Catfish Blues]

Fear and greed. Scammers wet dream. Seen dozens and dozens of them over the years. Scams that is!

From https://www.fool.co.uk/investing/2017/08/26/you-can-make-a-million-with-just-250-and-the-ftse-100/

Over the 100 years between 1917 and 2017, the average annual return for the FTSE All-Share is 7% (similar returns are available for the FTSE 100). Over the same period, the S&P 500, the leading US equity index has returned around 9% per annum.

If you can grow your wealth at a rate of 7% to 9% per year, it won’t take much for you to be able to build a life-changing savings pot.

 

[roydo]

@Catfish Blues

You dont think scammers prey on the fear and greed of their victims?

 

[roydo]

From https://www.fool.co.uk/investing/2017/08/26/you-can-make-a-million-with-just-250-and-the-ftse-100/

You have massively missed the point I was making ffs!!

I am an advocate of buy and hold, especially with divi payers. Makes total sense.

But scammers offering 15% return in a Brazilian forestry fund, or a Spanish property development succeed because they appeal to the vulnerable, is a slightly different pot of tea.

 

[orly]

@Catfish Blues

You dont think scammers prey on the fear and greed of their victims?

Apparently everyone is ultrashrewd, Moshiri however has sunk his money into a football club when he should have just wanged a billion into a tracker. Sniff it Farhad!

 

[orly]

You have massively missed the point I was making ffs!!

I am an advocate of buy and hold, especially with divi payers. Makes total sense.

But scammers offering 15% return in a Brazilian forestry fund, or a Spanish property development succeed because they appeal to the vulnerable, is a slightly different pot of tea.

Bingo.

(Or not bingo as that won't have a 103% ROI)

 

[Eggsyblueskin]

So he’s not a leech? Sat on the board as chairman sold us when he’s seen pound signs, has never done anything good whatsoever ever for this club exept pretend he’s a boss chairman when he’s not and he’s still freaking here.

Problem is if he hadn’t of stepped in when he did there was no one else in the wings and we’d probably have ceased to exist long ago.