MSP Sports Capital

[BeardedScotsman]

So essentially MSP will have agreed an interest rate for their lending, rather than say seats on the board?

Not a fixed interest rate but yes. I only know the investor side but I am piecing together the Everton side from the Tweets you are all sharing.

 

[catcherintherye]

Not a fixed interest rate but yes. I only know the investor side but I am piecing together the Everton side from the Tweets you are all sharing.

I wonder why this was never plan A for them?

 

[Streetender1878]

Wasnt it reported that msp was like an umbrella name for a number of investors/lenders and 13 were behind their interest in us. Could it be one of the 13 was this "rights and media funding" and they are out now for whatever reason. Cant they be replaced by another investor?Have the other 12 been named? Sounds proper shady. Plus wont moshiri use the £100m loan to borrow more money?

 

[PhilEFC]

I take it we are goosed then?

 

[BeardedScotsman]

Was / is there agreement for full purchase after the 3 years at a pre-fixed price for Moshiri's shared?


Seems odd to me MSP would do all the hard work to increase value, essentially enabling Moshiri to sell his stake in a few years easier or when it's worth more after he's done zero of the work.

Moshiri is broke. MSP is a lifeline.

 

[Bluelenny1984]

Wow this club lurches from the ridiculous to the comical. One thing after the next.

Having dumped our incompetent board, we are now effectively operating with what was meant to be an interim board.

No funds for players, a squad full of overpaid not arsed melts and now we are in a precarious position around any hope we had of more competent people coming in.

Moshiri is now effectively scrambling for investment, which is always a great negotiation starting position to start from.

Honestly, I think this club is circling the drain we maybe be witnessing the demise of our Football club.

 

[Bluelenny1984]

Moshiri is broke. MSP is a lifeline.

Was a lifeline

 

[BeardedScotsman]

I wonder why this was never plan A for them?

Spend £350 million, assume some debt, and end up with a £1 Billion asset if you don’t cock it up.

 

[BeardedScotsman]

Wasnt it reported that msp was like an umbrella name for a number of investors/lenders and 13 were behind their interest in us. Could it be one of the 13 was this "rights and media funding" and they are out now for whatever reason. Cant they be replaced by another investor?Have the other 12 been named? Sounds proper shady. Plus wont moshiri use the £100m loan to borrow more money?

There are probably 99 investors in the fund MSP created.

 

[caughtbythefuzz]

Absolutely mental that a shady funding company who's backer identity is not publicly available can put a halt to any sort of investment in Everton.

Especially when they have no actual investment in the club and their loan agreements are on ticket revenue and TV money.

Absolutely mental. A complete shambles.

I wonder what the odds on Bill having a few mates in this 'company' are...

 

[toffee66]

Spend £350 million, assume some debt, and end up with a £1 Billion asset if you don’t cock it up.

Exactly this. It is what PE does. Find ways to buy assets under value that can be spruced up quickly, generate cash (normally to pay interest on refinanced loans more than dividends) and then be flipped fairly fast at a big profit, normally to a new billionaire.

 

[Rollo Tomassi]

I always assumed it was Moshiri/Usmanov loaning the money to themselves but obviously not

Does seem weird as they loaned the money about 6 months after Moshiri came on board.

 

[jbee]

My hope is that there's some leak now from MSP to say they withdrew due to a link with Usmanov. Then the UK government may be able to force a sale if Everton is one of his assets.

 

[Tin-Tin]

Thread on Rights and Media Funding

 

[Bluelenny1984]

Correct me if I'm wrong here, but if our existing terms on the existing debt precludes MSP from buying in to Everton because they can not secure debt against existing assets then that means anybody coming in trying to leverage the club faces the same challenges. So stopping short of an oil state buying us with there own money investment is a none starter??

Can anybody clarify that?