The period of exclusivity is precisely to do that.
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MSP Sports Capital
- Thread starter Milk
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Did he? Not defending him as he is too concerned about himself but never heard that.
Oh something is definitely happening.
But with him we are nearly relegated again, losing money and can only fund transfers through sales. He is abysmal.
catcherintherye
Player Valuation: £80m
I'm just speculating on aspects of this mate, it's not gospel.
But looks to me like MSP lend the club £150m needed to complete stadium. This can be converted into equity (25% ownership) in the future. Not sure of the terms of this.
They may receive a coupon (interest payment) for this, but not certain. If they do not take up the option of equity, the club would owe them that money.
It is also suggested they can then buy additional shares, at the pre-agreed price, of around 600m for the club.
Everton dont make a profit and have never paid a dividend, so doubt they get dividends. The preferential shares may allow them greater voting rights. As a preferred shareholder, they could also insist on board members (which I suspect they have).
Everything seems to suggest they want to have involvement in running of the club. Ultimately, it's a good deal for them, and this is especially so if the club remains a PL team with that stadium. However, if the club goes bankrupt, they will lose their investment, so will not want that option. I think they know, without serious improvements at board level, that's a risk. In a lot of ways, they may choose direct involvement at board level, over interest payments as a better safeguard of capital.
They want to do a phased takeover. I dont know why this is. I have a suspicion it's because they may not have access to that much funding initially, and they may find it easier to raise further funds once a new board is in place, and the stadium is built.
As a final aside, I would not discount 777 coming in as well, taking some of Moshiris equity, and providing working capital that could be used for transfers this summer.
catcherintherye
Player Valuation: £80m
Well partially yes, but they will have seen the public accounts, which are very bad, although this year, which is not currently published is much better.
I dont think they will be shocked by that.
What would worry me, is if we are being relegated or not, as ultimately whether the previous board are going to be removed. That may be a hold up.
They will want to run the club in a very different manner to what the previous board have done, have probably seen the corrosive impact our board have, and will want them as far away as possible. That's just my opinion though.
Ferguson1878
Player Valuation: £30m
signed jeffers too without moyes knowing
I can’t see Moyes signing the two Chinese fellas.
They were obviously part of the sponsorship deal.
You could argue Everton were phase one in Chinas plans for the expansion of football over there.
Lie Tie was as big as Beckham in China, easily their biggest player. Was he amazing? Nah.... But he was more than adequate before his leg break.
As for MSP, If they do anything, they need to extinguish for good the 'plucky little Everton' mindset that's been allowed to brew at the club for over two decades under you know who.
The club barely survives despite massive TV revenues and a very generous owner pumping money in. Ryzanstev recognised this and was pushing for commercial expansion into new markets but 'Chairman Bill' and 'Best in the business' DBB both resisted.
It's literally pointless having a commercial team. USM, Megafon, etc....all favours from the owners mate. Oh, we had a minor deal here and there, but nothing significant. We also tarnish our reputation in business for a few hundred thousand by screwing over a potential shirt sponsor that was all but signed to go with a partner DBB had as recently as 18 months earlier scoffed at.
On top of that, they've outsourced whatever we can, even if it means short changing themselves. Unless you are in Liverpool, your only option to buy 'Everton tat' is Via fanatics who pay us a fixed amount each year. Even if we won a cup and merch sales increased 5x, we'd see very little benefit. It was a very similar deal with the last partner, Kitbag. Why did we do these deals? It's historical..... We were so strapped for cash under BK we'd take cash upfront for whatever we could to keep the wolves from the door. (translation - to keep him in charge.)
All I want from new investors/owners is a degree of competency. If that's sprinkled with a degree of ruthlessness all the better.
We're Everton football club. A giant of the English game. It's time we started acting that way again.
Tom Hughes
Player Valuation: £10m
The only broken record is the same old argument that your hero has had no responsibility for our situation..... when he is still our chairman, and has been throughout.
Sunday night I'm hoping to be winding down somewhere in L4 with a few friends and family after another carcrash season that hopefully sees the ending of Kenwright's involvement forever. Will you even show face? Will your hero? If he does, will you stand to acclaim him when he appears on the screen celebrating more "good times"?
The only reason MSP or anyone is now interested in the club is because of the promise of the stadium, which has been entirely funded by Moshiri, nearly 20yrs after we could've resolved all our infrastructure problems for a tiny outlay, but were denied by the actions of the same chairman..... the only common denominator and recurring theme in the whole sorry tale.
The quality, type and motives of those interested parties might well be dictated by the desperation of an owner now needing to get rid because his chairman/board failed to deliver anything, all despite his backing to the tune of several hundred million.
Tom Hughes
Player Valuation: £10m
The owner is an absent landlord who was sold a pup. He thought he could leave the same chairman/board in charge and just supply the cash, build a stadium and leave them to it.
The same chairman who had previously run the club into the ground for well over a decade, selling off almost every property asset in the process and who's failings were papered over by Moyes delivering sides despite him and certainly not because of him. When Kenwright joined our board we were roughly 3rd or 4th in terms of income. By the time he sold to Moshiri we weren't even top 10, didn't own our training ground and had spent less on our stadium than the whole 92, and had had multiple failed stadium moves.
Yes he's been abysmal.... primarily for leaving the same serial failures in charge. His prime role has been to supply the funds.... he has done that continually. The board's job has been to provide direction/strategy and manage that money wisely. How's that gone?
Billy Dean
Player Valuation: £70m
Franny Jeffers for example
Thank you.
This is the first reasoned explanation of their involvement that makes any sense.
However, preferred share holders or not it's difficult to to see how 25%gives them the right to dictate the clubs direction of travel and who should / shouldn't be on the board
In short I can't see how 25% gives them the right to run the show.
You're right, it doesn't give them the right to run it.
It could well be they've talked sense into Moshiri and pointed out he's burning through money letting those people in the board continue driving the clown car.
Yes, Moshiri has publicly backed his board, but he's also said if the right peolme came along that could strengthen the board it would be looked at.
He's also backed managers a week before binning them off.
The days of BK and DBB are almost over.
We're not rid of Moshiri yet, but this is the start of that journey.
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