Install the app
How to install the app on iOS

Follow along with the video below to see how to install our site as a web app on your home screen.

Note: This feature may not be available in some browsers.

Farhad Moshiri

7+ Years On... Your Verdict On Farhad Moshiri

  • Pleased

    Votes: 107 7.7%
  • Disappointed

    Votes: 1,290 92.3%

  • Total voters
    1,397
Screenshot_20240910_194826_Google.webp


Not like it really matters .
 

Nobody takes a £450 million hit, or as a matter of fact a £200 mill hit from the loss of USM sponsorship, not even Everton.

777 partners magically appear, loan it and fold.

Oligarch's accountants know every trick in the book, especially how to present things and themselves to the wider world as clueless.

When he said they didn't need help in financing the stadium they meant it.

The way they go about it is just different and make Chelsea's PSR dodges look like small potatoes.

A real haystack of backscratchers.

You lost me with Oligarchs accountants know every trick in the book mate!
 
The biggest effect on us that occurs to me is that money that was at least notionally Moshiri’s appears to have now been successfully claimed by Usmanov. This means that Mosh’s net worth on paper takes a massive hit - can anyone do the maths? Does it drop by a third or something? That obviously changes the risk level with regards to his various loans from a lender’s point of view and massively reduces his ability to extricate himself from a difficult situation. It doesn’t mean they’ve necessarily fallen out at all - because of the sanctions, it was the only legal route for Usmanov to access money that some believe is ultimately his anyway - but it does slightly leave Mosh looking like the Wizard of Oz once the curtain has been pulled back, less the formidable ruler and more like a little old man playing a game.
 

So, sensational headlines aside heres what that actually seems to mean:

1. Moshiris company held a 5% stake in USM. 5 other companies held a significant stake in USM.
2. A case was filed 1 year ago in Russian courts suing 6 foreign companies that held shares in USM
3. The case was to seize their USM shares, and legally turn them back over to USM and Usmanov, since their countries had sanctioned USM.
4. The case has ALREADY been completed, and that has already been done.

If you read the article past the headline, its basically Russia didnt like being sanctioned, so it is stripping foreign companies of shares in Russian companies and returning them to the russian companies.
So Usmanov could give Moshiri back his 5% of USM if he so wished
The same way he gave him 15% of Arsenal free gratis
He then bought back the 15% for cash , cash Moshiri used to buy Everton
 
This actually explains the drop of is his wealth if he was relying on dividends or finances from companies in sanctioned countries.

His personal investment and covering our losses in Everton pretty much halted when the war in Ukraine began.

What a sliding door moment in hindsight for us!
The damage was done when the EU and Britain sanctioned Usmanov
It was Usmanov money being used not Moshiri’s
 

Welcome to GrandOldTeam

Get involved. Registration is simple and free.

Back
Top