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MSP Sports Capital

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I’d love to see Euros games there just for the cachet, to be honest.

Seeing Goodison in Creed and then Bellew’s fight there has made me want more non-football stuff at our ground.

I want to see something insane like Monster Trucks at BMD one day. Or maybe some Evel Knievel-style bus jumping on a motorbike?

Something with flame throwers, anyway.
Watching Everton has made most people want more non-football stuff at our ground TBF :dodgy:
 
There is a lot of legal stuff that has to happen in the background beyond the complex contracts for the deal itself.

Potentially this includes altering the Memorandum and Articles of Association of the club and stadium company to protect the warrant (convertible debt) holders giving them shareholder style rights even before the warrants are converted to equity.

We will also have to obtain existing lender approvals that will need to be documented and make potential modifications to any pre-existing charges on assets.

Then there are Premier League approvals for new directors, possibly pre-approval for MSP as a future shareholder and probably sign-off of any budget changes to incorporate new interest costs etc. (as they are signing off our budgets). The FA will also have hoops to go through, including being informed on any changes to stadium funding, ownership or timeline given the Euros bid.

Sponsor contracts may also require us to inform (not consult) on any potential change in ownership or Board. Laing O’Rourke also.

As a recently retired CFO this kind of stuff is much more complex, with many more moving parts than average fans expect. It takes as long as it takes.
 
then we should keep our powder dry until those buyers appear.

You have many wealthy bidders looking at Utd for example - if Ratcliffe or the Qatari Royal miss out then we need to be selling a pitch to get them in the door.

Selling to MSP means another 5-10 years of the last 28 years of plodding along not troubling the elite.

In an ideal world for Moshiri they bridge the gap on the stadium funding but if needs be I suspect the funding will be found even if it meant turning a blind eye to some more dodgy cash being funnelled across the channel.

When BMD is being picked for the euro bid this corrupt govt will pick and choose when it wants to crack down on unsavoury businessmen/financiers just look at the Newcastle takeover.
I agree with you fully on this. MSP just gives Moshiri a safety net which enables him to stay longer. I think he will stay as long as the ship is sailing along until he makes a big profit. However, if something threatens to derail it e.g. relegation or no funds for the new stadium he could be forced to cut his losses and sell Everton.
 
It hasn't gone quiet, the athletic article last week said nothing would be completed for 4-5 weeks
Which is after reports saying it would be completed the day after the season ended. Im not saying things arent going to go through, but "If Moshiri and MSP can complete their deal.....in the next four to five weeks" is hardly a guarantee of anything and instead speculation from the Athletic. If the deal DOES go forward soon, it may be a sign that MSP is considering pumping the brakes on the equity and board seats side of it, and sticking to a loan until they see evidence there wont be another relegation battle.
 

then we should keep our powder dry until those buyers appear.

You have many wealthy bidders looking at Utd for example - if Ratcliffe or the Qatari Royal miss out then we need to be selling a pitch to get them in the door.

Selling to MSP means another 5-10 years of the last 28 years of plodding along not troubling the elite.

In an ideal world for Moshiri they bridge the gap on the stadium funding but if needs be I suspect the funding will be found even if it meant turning a blind eye to some more dodgy cash being funnelled across the channel.

When BMD is being picked for the euro bid this corrupt govt will pick and choose when it wants to crack down on unsavoury businessmen/financiers just look at the Newcastle takeover.
If those buyers don’t appear (and there’s apparently none around us at present) we could end up in serious financial problems.
You seem to be ignoring completely that Moshiri is under investigation and could conceivably be placed under sanctions which would affect Everton.
You also seem to infer that Moshiri could still draw on Usmanov’s wealth if necessary?
That is never going to happen , again he is already under investigation and nobody will be turning a blind eye to something as brazen as that, however corrupt the government.
Besides this government is looking dead in the water for the next election and a Labour government will definitely not overlook any financial infractions.
Continuing as we are under current management is not an option , the current board has failed in every way imaginable and exist as only the lamest of lame ducks.
MSP may not be your preferred solution but they are currently the best option available.
We don’t have the luxury of time , our time has almost run out.
We desperately need change and we need it now.
 
There is a lot of legal stuff that has to happen in the background beyond the complex contracts for the deal itself.

Potentially this includes altering the Memorandum and Articles of Association of the club and stadium company to protect the warrant (convertible debt) holders giving them shareholder style rights even before the warrants are converted to equity.

We will also have to obtain existing lender approvals that will need to be documented and make potential modifications to any pre-existing charges on assets.

Then there are Premier League approvals for new directors, possibly pre-approval for MSP as a future shareholder and probably sign-off of any budget changes to incorporate new interest costs etc. (as they are signing off our budgets). The FA will also have hoops to go through, including being informed on any changes to stadium funding, ownership or timeline given the Euros bid.

Sponsor contracts may also require us to inform (not consult) on any potential change in ownership or Board. Laing O’Rourke also.

As a recently retired CFO this kind of stuff is much more complex, with many more moving parts than average fans expect. It takes as long as it takes.
You should start and blog and a podcast mate. Theres a real gap in the market of blues that know the business side of things.
 
If those buyers don’t appear (and there’s apparently none around us at present) we could end up in serious financial problems.
You seem to be ignoring completely that Moshiri is under investigation and could conceivably be placed under sanctions which would affect Everton.
You also seem to infer that Moshiri could still draw on Usmanov’s wealth if necessary?
That is never going to happen , again he is already under investigation and nobody will be turning a blind eye to something as brazen as that, however corrupt the government.
Besides this government is looking dead in the water for the next election and a Labour government will definitely not overlook any financial infractions.
Continuing as we are under current management is not an option , the current board has failed in every way imaginable and exist as only the lamest of lame ducks.
MSP may not be your preferred solution but they are currently the best option available.
We don’t have the luxury of time , our time has almost run out.
We desperately need change and we need it now.
BTW he can't be sanctioned he is a British citizen.

I cannot find anything at all from OFSI for Moshiri being a " person of interest " other than an article in the Guardian and rehashed through Sky etc.
On official govt sites there is nothing to suggest anything of the sort , have the Guardian just made this term up ?
They seem to have a death wish with this club.

Secondly you state
There are no other "buyers around" how would you know that ?
6yrs ago all talk was the club being sold to John Jay Moores then out of nowhere Moshiri was installed.

No one other than the inner circles and their respective legal teams know anything at all what is going to happen.
 
There is a lot of legal stuff that has to happen in the background beyond the complex contracts for the deal itself.

Potentially this includes altering the Memorandum and Articles of Association of the club and stadium company to protect the warrant (convertible debt) holders giving them shareholder style rights even before the warrants are converted to equity.

We will also have to obtain existing lender approvals that will need to be documented and make potential modifications to any pre-existing charges on assets.

Then there are Premier League approvals for new directors, possibly pre-approval for MSP as a future shareholder and probably sign-off of any budget changes to incorporate new interest costs etc. (as they are signing off our budgets). The FA will also have hoops to go through, including being informed on any changes to stadium funding, ownership or timeline given the Euros bid.

Sponsor contracts may also require us to inform (not consult) on any potential change in ownership or Board. Laing O’Rourke also.

As a recently retired CFO this kind of stuff is much more complex, with many more moving parts than average fans expect. It takes as long as it takes.
Best post in a while.
I was beginning to think the quietness was a marriage of convenience for Moshiri and the Board, and that they believed they could lay low and could ride it out.

I was all for fans pushing the protest agenda further, even if it meant to our initial detriment, if those in charge weren't inclined to take action, as it was mutually beneficial for them, above the club's needs.

I'm more inclined to believe, the above now, seems to be so complex.

We see how slow we are announcing players, we are so badly run, whatever this investment/staged takeover is, this will take a while.
 

I am not ruling out the possibility Moshiri screws it up (he has previous), merely pointing out it typically takes significant time for even well run businesses to get from Memorandum of Understanding/Heads of Agreement to a signed approved deal for something this complex. I am not blaming anyone for impatience or cynicism. This is Everton after all so both are generally my own default position.
 
Andy Bell has invested £40 mill of MSPs £100 mill already, that money is with the club right now.
It's quite remarkable that a lot of posters are unaware of this or chose to ignore it.

MSP are not only tied to an exclusivity period, they're already in the building.

I'm not sure of the hold up with announcements but we're already spending their money.
 
It's quite remarkable that a lot of posters are unaware of this or chose to ignore it.

MSP are not only tied to an exclusivity period, they're already in the building.

I'm not sure of the hold up with announcements but we're already spending their money.
What? Everton being slow with an announcement? Never 😆

I'm sure they do it on purpose to wind fans up like when Ant and Dec do those secret wind ups... "now tell them all we will buy a striker, then dont"! Or "now accuse them of head locking the CEO"!

I just hope that somebody involved somewhere has a plan.
 
That's my concern too mate. MSP have similar investments in a number of other European teams, and so have a stable.

However there's no disputing that the Prem League is different gravy in terms of investment / potential returns. If they stick with their European model, you have to question whether they can take us to the next level - without further investment from someone else (and a further dilution).

Wonder what Moshiri's 5 year plan looks like?
I guess mid table and new stadium is the next level. A few young players in the side. At that point moshiri can prob get out for a profit
 
It's quite remarkable that a lot of posters are unaware of this or chose to ignore it.

MSP are not only tied to an exclusivity period, they're already in the building.

I'm not sure of the hold up with announcements but we're already spending their money.

Thats it mate. If it wasnt getting done Bell wouldnt have invested, id sugest its just the processing of the paper work.

The real take home and concern for me is - why did we need the Bell money in advance of the MSP deal- were we struggling with the payment schedule of the stadium, are we low on cash flow.....strikes me as a bit of a red flag.

Also be interesting to see how this plays out, as it stands as a debtor and possibly a minority share holder he cant be a board member, however if he is repaid his 40 mill - by MSP and it turns out to be a bridging loan - he can take a place on the board. i.e. what we dont know at the moment is if the Bell money is part of the 100 mill or the club desperately needed the £40 mill now ahead of the MSP deal - which would be a red flag.
 
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