Did everyone's e mail contain nudes of farhad like mine. That's why it went straight to spam I guess
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Doesn't it move a liability to an asset, it must affect financial fair play. I don't understand how but must somehow?Why would that be the case? The club already had that money.
No more money has been made available. They have converted an existing loan into shares. All it does is increase his shareholding as a % of the total equity on the balance sheet.
It doesnt unfortunately. The sole purpose of him doing this is to increase his shares as an overall % of the shares (without putting another penny in) so he has total control over calling AGM's etc. He has made changes to the articles of association.Doesn't it move a liability to an asset, it must affect financial fair play. I don't understand how but must somehow?
"Spam Javelin"Did everyone's e mail contain nudes of farhad like mine. That's why it went straight to spam I guess
'Cash cow' comes to mind!Ensuring he gets a bigger slice of the pie when he sells the club in 3 years too. By the time he comes to sell up he’ll own close to 100% of the club. No idea why people are trying to convince themselves this means we’ve got an extra transfer warchest.
I think its more closing off scrutiny to be honest.Ensuring he gets a bigger slice of the pie when he sells the club in 3 years too. By the time he comes to sell up he’ll own close to 100% of the club. No idea why people are trying to convince themselves this means we’ve got an extra transfer warchest.
So where do loans sit on the P and L?It doesnt unfortunately. The sole purpose of him doing this is to increase his shares as an overall % of the shares (without putting another penny in) so he has total control over calling AGM's etc. He has made changes to the articles of association.
It doesnt affect the P & L.
Wow what a world we live inAn email is similar to a letter, but typed on a computer and sent electronically
His loans were interest free with no repayment date. This move doesnt free up money to spend, dont kid yourself.So where do loans sit on the P and L?
It slowly moves him towards the 95% of shares he needs to put him in a position where the other 5% of shareholders have basically no say in the running of the club, he can more or less do what he wants. Once he pases 95% it is impossible to call an EGM or in anyway hold him accountable for his running of the club. Simply put, let's say there are 100 shares in the club, Moshiri holds 94 of them and other shareholders combined hold 6, these other shareholders do not wish to sell their shares. The club convert a debt to Moshiri into equity by issuing another share and give it to Moshiri in return for him cancelling the debt. This means that although the other shareholders still have their 6 shares, the shares now amount to 5% of the club rather than the 6% they previously amounted to.What's the actual benefit of him converting the loans to equity?
A loan is a liability that has to be repaid, so it would have a value of -£100 million. It has been removed, so it must be accounted for?His loans were interest free with no repayment date. This move doesnt free up money to spend, dont kid yourself.
It doesnt increase T/O or profit.