Christ.It's more likely 777 will be more beneficial than Administration.
Not you, @GN! - just Christing that this is considered looking on the bright side.
What a mess.
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Christ.It's more likely 777 will be more beneficial than Administration.
That's entirely on our self-congratulatory board of the time.
90% of our revenue (outside of match day and TV) was Usmanov owned companies.
"Look how great we are getting all these deals signed!"
"Aren't we clever! Inventing an imaginary queue of people wanting to secure naming rights and getting 30m for nothing at all!"
It's akin to an investment manager putting everything you own into a single stock.
Pathetic way to run a business, well done BK and DBB.
This tired narrative again? Its not, and never was money laundering. Pre Ukraine invasion (which is when our spending stopped dead) all of Usmanov companies operated prefectly legitimately in all 4 corners of the earth.
He didn't need a middling premier football club to launder what is essentially chump change.
More likely it was an I'll advised attempt to stick two fingers up at Kronke and it backfired in a quite spectacular fashion.
I'd bet my house that Kenwright is involved, probably getting a cut somewhere.
First Vibrac, now Rights and Media.
Both offering the exact same service, one appears as soon as the other closes. Both faceless, both signed off by Kenwright.
I'm pleased Moshiri is on his way, the decision making has been abysmal.
The biggest failure was keeping Kenwright and all his enablers onboard.
Who knows where we'd be with 800m and a bit of competence?
We've known Usmanov was behind the funding for Everton for ages. Catch up journolists
I was shocked to read that , shocked I say , and if I knew how I’d add a “ How shocked I am “ gif
They keep saying "before sanctions". So why does it matter?
It's been pretty obvious all money came from Usmanov given it all stopped since he got sanctioned
I liked the bit where it says he got the shares without paying anything and the article saying "financial analysts say this looks like he got them for free".Simon Goodley.
Lol.
"Records seen by the Guardian appear to show that Moshiri borrowed £145m from a company wholly owned by the Russian-Uzbek tycoon from about 2020.
The papers also set out how, between 2018 and 2022, Moshiri sold about £270m of shares in a company whose largest shareholder was Usmanov. Moshiri did not pay for those shares, public accounts imply, which accounting experts suggested could mean the share sales were a gift."
Let's move on...
This is Simon Goodley...I liked the bit where it says he got the shares without paying anything and the article saying "financial analysts say this looks like he got them for free".
Really? Wish I got paid for stating the obvious like that
I can’t work out if this is tremendous news or absolutely dreadful news for us.