Farhad Moshiri

[pfim]

In our case the debt isn’t with the seller though is it, it comes with the house you’re buying, I.e. if buying the club you take on thee clubs debt, it’s not Farhad Moshiris debt. The two existing club debts are secured against club assets.

Thus either the next owner takes on the debt but won’t pay much for the equity.

If we have an external debt of £550 mill after the stadium is financed, who is paying any more to buy the club after taking on that debt and the impact of the servicing costs on the business.

It’s the clubs debt, he can’t sell the club without paying that off or having the lender agree with the new owner. The lenders will have change in control covenants to preserve their claim on assets.

The clubs assets have a value based on projected cash flows. Debt and equity are just how it’s financed. The book value of equity is rather meaningless in a sale.

But you are correct, the more debt on the books, the less of a capital gain the shareholder will realize.

 

[Toffeepot]

I think the number pleased has gone up by 3 recently lol

 

[BullensRoad]

There will be lots of interested parties in buying a club of our stature... if the price is right. And as you say, the price will have to be reduced if there is a lot of debt due to the stadium.

I would take not investing in the squad right now and just spending what we bring in. Because over the last 2 - 3 seasons we haven't had that. I haven't done the maths, but over the last year we've brought in a ton from transfers and the lack of reinvestment is absolutely unacceptable and I'm disgusted by it.

You're spot on. The fan base, the new stadium in a prime location in one of the beat citys in the world.

It only lies with one person and he's been a cancer for a few decades.

 

[Terrarian]

We need a Sheik.

 

[John from Bootle]

Im not saying the stadium doesn't matter by any means , but results matter so much more than the stadium. I'd rather stay in the premier league and play on a council pitch

You do know what would happen to us if we got relegated and we were stuck at Goodison?

No tv money and a stadium that can't make as much as others =Sheffield Wednesday.

I also think it's pretty selfish of you to put your own pride before the long term future of the club. You almost sound like a glory hunter. If we do get relegated, can'r you find another Prem team to support if that's all that matters to you?

Not meaning to have a go, but this stadium is the club's future for the next century, and is the best thing to happen to this club since 1995. You sound like a bit of a baby demanding we keep prem footy even if it means the stadium continues to hold us back for countless more decades.

What's up? will all your kopite metes make fun out of you on Facebook and Twitter if we have to play second tier football for a bit? Diddums.

 

[GN!]

Sheik and Bake

 

[ToffeeTim]

You do know what would happen to us if we got relegated and we were stuck at Goodison?

No tv money and a stadium that can't make as much as others =Sheffield Wednesday.

I also think it's pretty selfish of you to put your own pride before the long term future of the club. You almost sound like a glory hunter. If we do get relegated, can'r you find another Prem team to support if that's all that matters to you?

Not meaning to have a go, but this stadium is the club's future for the next century, and is the best thing to happen to this club since 1995. You sound like a bit of a baby demanding we keep prem footy even if it means the stadium continues to hold us back for countless more decades.

What's up? will all your kopite metes make fun out of you on Facebook and Twitter if we have to play second tier football for a bit? Diddums.

Getting relegated while financing and building a stadium would be equally as bad. Getting relegated is disastrous for the club.

Not sure how saying relegation would be terrible makes me a baby. And why would I find another team?

The idea of an Everton supporter born in the 90s being a glory hunter is a strange concept!

 

[nsno-chris]

You do know what would happen to us if we got relegated and we were stuck at Goodison?

No tv money and a stadium that can't make as much as others =Sheffield Wednesday.

I also think it's pretty selfish of you to put your own pride before the long term future of the club. You almost sound like a glory hunter. If we do get relegated, can'r you find another Prem team to support if that's all that matters to you?

Not meaning to have a go, but this stadium is the club's future for the next century, and is the best thing to happen to this club since 1995. You sound like a bit of a baby demanding we keep prem footy even if it means the stadium continues to hold us back for countless more decades.

What's up? will all your kopite metes make fun out of you on Facebook and Twitter if we have to play second tier football for a bit? Diddums.

No mate, the club will probably go into administration; the stadium will be sold to an investment arm and then leased back to use so we’ll see nothing from it.

 

[MikeH72]

You do know what would happen to us if we got relegated and we were stuck at Goodison?

No tv money and a stadium that can't make as much as others =Sheffield Wednesday.

I also think it's pretty selfish of you to put your own pride before the long term future of the club. You almost sound like a glory hunter. If we do get relegated, can'r you find another Prem team to support if that's all that matters to you?

Not meaning to have a go, but this stadium is the club's future for the next century, and is the best thing to happen to this club since 1995. You sound like a bit of a baby demanding we keep prem footy even if it means the stadium continues to hold us back for countless more decades.

What's up? will all your kopite metes make fun out of you on Facebook and Twitter if we have to play second tier football for a bit? Diddums.

The stadium will kill off this football club.

 

[MikeH72]

The finances were not good under him and we needed the Rooney sale to keep the Wolves from the door. We went about 5 windows without making a significant transfer.

Everything outsourced, Bellefield sold and we done a PPI scheme for Finch Farm which we still pay a fee each year. Future TV money mortgaged to the hilt.

Anything that wasn't nailed down was sold.

That’s quite literally exactly what’s happening now but on steroids and with a £800m stadium to pay for. Moshiri without access to Usmanov is Bill Kenwright shrunk in the wash.

 

[Furey1878]

I think the number pleased has gone up by 3 recently lol

We did finally get that striker he promised

 

[Ferguson1878]

Short term

I think we just have to stay in the Prem, sell off our best asset year on year and continue to reduce the wage bill.

Staying in the Premier League is easier said than done but with Beto and DCL coming back into the squad plus Danjuma and Harrison, I think we have genuine goal threats.

If we have to sell of an asset, Onana is looking like the prize pig. He is a young up and coming player who if he gains more praise, I could see bids for over £50m+ next summer

Team wise, we have some very big wages to leave next year:
Gomes - £100k
Dele - £100k
Gueye - £80k
Doucoure - £120k

That's nearly £20m saving just from those four.

We don't generate any huge revenue like kit deals or sponsorship so the likelihood of a Stadium Sponsor is slim but it would be an avenue we could explore.

Long term

We need to move into that stadium ASAP. It generates more revenue with will hopefully go towards strengthening the squad.

Once complete, I think we will be more attractive to buyers we want especially when we attract more eyes with concerts and Euro 2028.

Usmanov/Moshiri seem to have their hands/cash tied so I expect that any sale would be seen as better than the previous but investment type groups would be disastrous for us so I am hoping like us all and most fairytales we find our Prince

worst thing is 80 grand is a low wage to a lot of clubs god knows what kings of player well be able to afford

 

[Ferguson1878]

You do know what would happen to us if we got relegated and we were stuck at Goodison?

No tv money and a stadium that can't make as much as others =Sheffield Wednesday.

I also think it's pretty selfish of you to put your own pride before the long term future of the club. You almost sound like a glory hunter. If we do get relegated, can'r you find another Prem team to support if that's all that matters to you?

Not meaning to have a go, but this stadium is the club's future for the next century, and is the best thing to happen to this club since 1995. You sound like a bit of a baby demanding we keep prem footy even if it means the stadium continues to hold us back for countless more decades.

What's up? will all your kopite metes make fun out of you on Facebook and Twitter if we have to play second tier football for a bit? Diddums.

what happens if where relagated and still have to find the money to pay for the staduim ? we’d be in a even worse state than if we stayed at goodison

 

[Moomin]

That’s quite literally exactly what’s happening now but on steroids and with a £800m stadium to pay for. Moshiri without access to Usmanov is Bill Kenwright shrunk in the wash.

Pretty much and it seems this is the reason why Kenwright is still involved. His mates offshore will want a man on the inside while they have massive loans on the go.

 

[jonnyboy316]

No mate, the club will probably go into administration; the stadium will be sold to an investment arm and then leased back to use so we’ll see nothing from it.

Yep and we won’t get the deal of a life time peppercorn rate that West Ham got for the Olympic stadium.