Great business instincts bill
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.
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.
One concern for bidders, which at least one group has discussed, is whether any payment to Moshiri is at risk of breaking sanction laws if the purchase money is used to pay damages to Usmanov — though one source close to Moshiri with knowledge of the case insists that UK laws and regulations would prevent him from paying damages.
Verrrrry big reach to make any of it an Everton story.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.
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!
From the article.
That doesn't seem like it'd be a real worry, surely. What Moshiri does with the money is of no concern to - or responsibility of - the purchaser.
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.Seems to me that this is all just a work around.
Moshiri own shares in Russian company, can’t take a profit out of it, so worthless. Or can’t be seen to have ties.
Usminov can.
“Tell you what Farhad lad, I’ll sue you, you give back the USM stock, look great, you manage the stuff west of Ukriane - you can stay in my London pad and wel divy up later, don’t stress on Everton, get out of there and I’ll take the £450 mill hit.”.
Nothing to do with business instincts. He just wanted any idiot who'd let him still run the train set, and these two jokers complied.Great business instincts bill