Use of the word chairman rather than owner was key to my snide
@Steve Wigan with the agreement of members, the board and subject to clearing AML , "putting money into Everton's bank account" is not a problem - you or I could give EFC a multi-million pound loan, interest free if the funds were available. The point with Peter Johnson was that he invested by way of a share issue, so the money went to the club coffers, not to an existing shareholder. BTW Bill Kenwright still holds 5% of the shares to the best of my knowledge and belief, and if you look at it simplistically he was appointed chairman of a solvent company and sold an insolvent one.
@degsy Moshiri has two separate companies involved with EFC, Blue Sky Capital Ltd which provides funding and the holding company, Blue Heaven Holdings Ltd. Think I've remembered the names correctly. Both are IoM 2006 Act companies, so are asset holding vehicles, not trading companies. Haven't bothered looking at the accounts, but Moshiri states he owns them both and last time I did look the loan was treated as long term and added to capital. The source of the loan funds are anyones guess but unlikely to be from a commercial lender if the loan to EFC is unsecured interest free and not repayable for donkeys years.
