Farhad Moshiri

[Brisan123]

Incredible losses.

Us and a lot more clubs

 

[Brisan123]

Listened to EBM last night and one thing that got mentioned which was interesting was Moshiri's role with USM. Apparently his share holding has dropped below the 10% mark and USM/Everton are not now "interested parties" as a result. I think this is a big take out of the accounts, and if the case will essentially mean the so the rules around "market value test" essentially no longer apply to USM sponsorships.

It is probably a little conspiratorial, but I will put my own theory on this.
1) USM buy Moshiri's shares to get him to a point he's under 10%. I have no idea what his share holding was before but he seemed a substantial but not majority owner, so lets say 20%. Lets say it's valued at 5bn. That means to get him to say 9%, they purchase Moshiri's shares at 300m. Maybe a bit more for good good will and it being a private trade.

2) Moshiri uses some of that money to finance the club, some to purchase shares in a new share issue (up to £250m) and the rest as a down payment on a stadium (which he keeps some equity of, and his name on, so he becomes a key negotiator and figure for any future developments in that area).

3) USM is now not constrained by by "fair market test". Bear in mind City, who negotiated the biggest sponsorships in the league, for an existing ground were deemed to have not breached the fair market test by an impartial and sovereign court. However even that level of scrutiny is no longer relevant and they can make a big initial sponsorship deal with the ground. There may even be an arrangement on top of sponsorship to acquire some equity in the development.

4) Potentially, USM may even buy shares in the club, or (if they were inclined to) to become a partner in Blue Holdings Limited, and thus allowing themselves more influence.

5) If the former (above) it's likely another share issue might come, Moshiri dilutes shares, and sells sections of his shares which can either be directed in club and/or make a profit to himself in the process. Hopefully you push the value of the club up, and at some point in future, may even invite a 3rd wealthy party (potentially Chinese billionaire) to buy stake in club.

6) Up until point 3, it's very likely this has been been checked and cleared with the PL before doing it.

I do not think this manouvreing is in any way coincidental with the ground very close to getting PP. In a lot of ways, once that is done, it would not be unusual for other figures who may have wanted to stay in the background to then come into the foreground more, and use said influence that will come forward having a major development in a major UK city.

As far as I can see it's not been spoken about much, but seemed a very interesting take out. It doesn't seem coincidental that his share holding in USM has just dropped below the level required to now not be governed by the fair market test regulation.

The bit in bold is merely a coincidence with the new stadium on the horizon

 

[Exeter_Gently]

Farhaaaaaaaad

 

[Brisan123]

Listened to EBM last night and one thing that got mentioned which was interesting was Moshiri's role with USM. Apparently his share holding has dropped below the 10% mark and USM/Everton are not now "interested parties" as a result. I think this is a big take out of the accounts, and if the case will essentially mean the so the rules around "market value test" essentially no longer apply to USM sponsorships.

It is probably a little conspiratorial, but I will put my own theory on this.
1) USM buy Moshiri's shares to get him to a point he's under 10%. I have no idea what his share holding was before but he seemed a substantial but not majority owner, so lets say 20%. Lets say it's valued at 5bn. That means to get him to say 9%, they purchase Moshiri's shares at 300m. Maybe a bit more for good good will and it being a private trade.

2) Moshiri uses some of that money to finance the club, some to purchase shares in a new share issue (up to £250m) and the rest as a down payment on a stadium (which he keeps some equity of, and his name on, so he becomes a key negotiator and figure for any future developments in that area).

3) USM is now not constrained by by "fair market test". Bear in mind City, who negotiated the biggest sponsorships in the league, for an existing ground were deemed to have not breached the fair market test by an impartial and sovereign court. However even that level of scrutiny is no longer relevant and they can make a big initial sponsorship deal with the ground. There may even be an arrangement on top of sponsorship to acquire some equity in the development.

4) Potentially, USM may even buy shares in the club, or (if they were inclined to) to become a partner in Blue Holdings Limited, and thus allowing themselves more influence.

5) If the former (above) it's likely another share issue might come, Moshiri dilutes shares, and sells sections of his shares which can either be directed in club and/or make a profit to himself in the process. Hopefully you push the value of the club up, and at some point in future, may even invite a 3rd wealthy party (potentially Chinese billionaire) to buy stake in club.

6) Up until point 3, it's very likely this has been been checked and cleared with the PL before doing it.

I do not think this manouvreing is in any way coincidental with the ground very close to getting PP. In a lot of ways, once that is done, it would not be unusual for other figures who may have wanted to stay in the background to then come into the foreground more, and use said influence that will come forward having a major development in a major UK city.

As far as I can see it's not been spoken about much, but seemed a very interesting take out. It doesn't seem coincidental that his share holding in USM has just dropped below the level required to now not be governed by the fair market test regulation.

So basically Usmanov is giving Moshiri money to spend on Everton ,just doing it in a roundabout manner
The old Panorama fiver trick

 

[Brisan123]

Listened to EBM last night and one thing that got mentioned which was interesting was Moshiri's role with USM. Apparently his share holding has dropped below the 10% mark and USM/Everton are not now "interested parties" as a result. I think this is a big take out of the accounts, and if the case will essentially mean the so the rules around "market value test" essentially no longer apply to USM sponsorships.

It is probably a little conspiratorial, but I will put my own theory on this.
1) USM buy Moshiri's shares to get him to a point he's under 10%. I have no idea what his share holding was before but he seemed a substantial but not majority owner, so lets say 20%. Lets say it's valued at 5bn. That means to get him to say 9%, they purchase Moshiri's shares at 300m. Maybe a bit more for good good will and it being a private trade.

2) Moshiri uses some of that money to finance the club, some to purchase shares in a new share issue (up to £250m) and the rest as a down payment on a stadium (which he keeps some equity of, and his name on, so he becomes a key negotiator and figure for any future developments in that area).

3) USM is now not constrained by by "fair market test". Bear in mind City, who negotiated the biggest sponsorships in the league, for an existing ground were deemed to have not breached the fair market test by an impartial and sovereign court. However even that level of scrutiny is no longer relevant and they can make a big initial sponsorship deal with the ground. There may even be an arrangement on top of sponsorship to acquire some equity in the development.

4) Potentially, USM may even buy shares in the club, or (if they were inclined to) to become a partner in Blue Holdings Limited, and thus allowing themselves more influence.

5) If the former (above) it's likely another share issue might come, Moshiri dilutes shares, and sells sections of his shares which can either be directed in club and/or make a profit to himself in the process. Hopefully you push the value of the club up, and at some point in future, may even invite a 3rd wealthy party (potentially Chinese billionaire) to buy stake in club.

6) Up until point 3, it's very likely this has been been checked and cleared with the PL before doing it.

I do not think this manouvreing is in any way coincidental with the ground very close to getting PP. In a lot of ways, once that is done, it would not be unusual for other figures who may have wanted to stay in the background to then come into the foreground more, and use said influence that will come forward having a major development in a major UK city.

As far as I can see it's not been spoken about much, but seemed a very interesting take out. It doesn't seem coincidental that his share holding in USM has just dropped below the level required to now not be governed by the fair market test regulation.

One would think from all that ,that these lads and their mates did not become billionaires by accident but rather by planning and design
I have said from day one as has @roydo that there is more than the purchase of Everton Football Club and the building of a new stadium going on here

 

[Brisan123]

I haven't listed to the podcast yet, but some very interesting points there.

I can understand the cloak and dagger approach that has been necessary to avoid any suggestion of rule-breaking, and we are probably just going to see more of that until the stadium is as good as completed.

Until then, there is a natural limit to what we can achieve under this "arrangement" notwithstanding the tragic waste of money with transfer spending to date.

I don't ever see Usmanov being the de-facto owner of the club and the present situation is probably as close as we can get to that situation. Ithink its more likely actually as you raise in your Point 5) that in a situation where the stadium was built and we hopefully had some success and a much greater level of commercial growth, that we become attractive to some other oligarch-type or serious investment vehicle.

I don't know Moshiri's age (late 60s?) but its just my hunch that he will want to wrap things up here within the next decade and be the man that delivered the stadium and some modicum of success on the pitch. We would then be all set for another chapter with investors free of the trappings that have come between Moshiri and Usmanov, not that they have been unwelcome.

Usmanov has a relation involved with the club has he not

 

[roydo]

One would think from all that ,that these lads and their mates did not become billionaires by accident but rather by planning and design
I have said from day one as has @roydo that there is more than the purchase of Everton Football Club and the building of a new stadium going on here

Wasnt quite day one. But our collective thoughts once BMD was in play have continued to be not confirmed, but certainly not blown off course.

 

[arbok]

I have to admit I was skeptical of Moshiri to begin with, because after a year or so, it felt like most of our transfer dealings were duds and he got played by other owners as a newbie and overpaid on many players including guys like Klassen, Siggy.

But he's down well to improve on many aspects since then, and I'm not just saying it because we're winning. We got Carlo - perfect manager pick, we got James, Allan, Doucoure. New stadium is coming along. I don't agree with how we voted for having 5 subs in the prem, but aside from that, the club has gone about its business generally the right way.

My message to Moshiri, is I hope he's not in it just to make money off us. He's a businessman, that's his job, but i hope he's not going to flip us after 10-20 years to some trashy investment group looking to use our assets and value as collateral for other business ventures. I hope the value he creates goes back into the community and helps the city of Liverpool, that's who deserves the created wealth the most.

 

[Exeter_Gently]

One would think from all that ,that these lads and their mates did not become billionaires by accident but rather by planning and design
I have said from day one as has @roydo that there is more than the purchase of Everton Football Club and the building of a new stadium going on here

For the Gammon'ed like me,what is their end game in all this then?

 

[Goat]

For the Gammon'ed like me,what is their end game in all this then?

To make it rain by securing some prime riverside real estate.

Once the stadium goes up, that place will thrive, there will be lots of money to be made.

Call me naive, but I think his goals have changed, I think his main focus was to invest in us and make money off the back of the stadium, but the figures hes pumped in, I don't even see him getting his money back off from us at this point.

Clearly the clubs value will go through the roof when the stadium is built, but we really need success to make us attractive.

I think his goal currently is to test his accounting skills to the limit and turn water into wine to give Carlo money.

Basically I think his main focus was money at the start, but now I think he just really wants to turn us into a successful club.

Naive, I know, but a man whos goal is it to make money, doesn't squander as much money as hes done.

 

[roydo]

For the Gammon'ed like me,what is their end game in all this then?

The theory that a few of us chanced on a few years back, is the serious cash to be made for him and his fatty mate from the Liverpool Waters development.

Then, factor in that both Mosh and mate do actually like football, and understand it after years of being shareholders in Arsenal, they see, or saw, a massive opportunity to develop Everton.

There have been dozens of small things that have happened over the years that have underlined that theory, the latest being the decrease in Moshiris share holding in USM, removing a pesky "connected party" rule re investment from them.

Total end game? My guess is he will either stay for years after we move to BMD, or sell up at the first good offer. My money would be on the former. Same with his mate. Ego is a big deal for these billionaire fellas.

 

[Brisan123]

For the Gammon'ed like me,what is their end game in all this then?

You would be amazed how many people like to work and live by the water
Canary Wharf , Amsterdam docks ,NYC docks .Dublin docklands (now a major financial hub ,Tech hub ,entertainment hub and living accommodation hub ,whereas once it was only for brass ,drugs and criminals )

 

[Brisan123]

To make it rain by securing some prime riverside real estate.

Once the stadium goes up, that place will thrive, there will be lots of money to be made.

Call me naive, but I think his goals have changed, I think his main focus was to invest in us and make money off the back of the stadium, but the figures hes pumped in, I don't even see him getting his money back off from us at this point.

Clearly the clubs value will go through the roof when the stadium is built, but we really need success to make us attractive.

I think his goal currently is to test his accounting skills to the limit and turn water into wine to give Carlo money.

Basically I think his main focus was money at the start, but now I think he just really wants to turn us into a successful club.

Naive, I know, but a man whos goal is it to make money, doesn't squander as much money as hes done.

Usmanovs stepson does own a property development company ( on paper anyway )
Just saying

 

[catcherintherye]

So basically Usmanov is giving Moshiri money to spend on Everton ,just doing it in a roundabout manner
The old Panorama fiver trick

Well thats one intepretation certainly.

Officially, what we have is that Usmanovs company can now sponsor Everton for any value and not even be investigated by UEFA, as Moshiri's shares in said company have now been bought out so they are now under the level that makes the two businesses "related partners".

This is also been done alongside Moshiri pumping up to £250m more into the club and guarenteeing himself greater equity (purchasing shares at a lower value).

You could say that Usmanov has merely used Moshiri as a vehicle as a vessel to get money into the club and has done so in a way that will allow him to invest in the sponsorship at high levels and thus double the mount the club has and circum-navigate the FFP rules.

Or you could say it is just a series of coincidences and that Usmanov felt the need to buy out Moshiri, who also at the moment felt the need to do a share issue for the club to give it much needed funds, and the new shareholding he had in USM has just coincidentally fallen below the "related parties" level for FFP.

It's up to everyone which of those they believe, they are just two scenario's of course.

As an aside, Ryzanstev has said they regularly speak to UEFA too re FFP. I wonder if inthose conversations they found said convenient loophole? Or if thats just another coincidence. If it is, he isn't half a lucky bloke that Moshiri isn't he?

 

[roydo]

Usmanovs stepson does own a property development company ( on paper anyway )
Just saying

Doesnt Moshiri have connections to the group that bought the Liver Building as well?

Too busy a few years to retain every morsal of info, but reasonably sure its the case.