MSP Sports Capital

[Mrbluenose]

Hope the behind-the-scenes stuff doesn't drag on all summer to the detriment of our transfer business. If we go in again with an inadequate squad we may finally fall through the trap door.

 

[Simon Buttle]

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.

Possibly that would tie in with recent stories about large personal losses for Moshiri over recent months and the suggestions his UK accounts are currently frozen, maybe Farhad just can't get hold of any money at present.

 

[Neiler]

Possibly that would tie in with recent stories about large personal losses for Moshiri over recent months and the suggestions his UK accounts are currently frozen, maybe Farhad just can't get hold of any money at present.

It also ties in with what i posted in the transfer thread as well mate, he usually would write of our losses - but if we have no money to spend - hes banked the Gordon and Kean money against this years losses 22/23 - projected to be about 80 mill. Hes not prepared to issue another shareholder loan - is how it looks at the moment.

 

[Tony’s Carp]

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.

Amounts might be a coincidence but the fact we raised 40m in January that went unspent on the squad, then are borrowing another 40m a few months later does suggest we have no other means to pay our LOR instalments and are scrambling to keep the builders on site.

 

[Jeff Jones]

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.

Yeah, that'd be good. Turf with long, deep gashes from 2 metre high tyres.

 

[allen]

Yeah, that'd be good. Turf with long, deep gashes from 2 metre high tyres.

Let’s see how City like playing on that!

 

[Tony’s Carp]

It also ties in with what i posted in the transfer thread as well mate, he usually would write of our losses - but if we have no money to spend - hes banked the Gordon and Kean money against this years losses 22/23 - projected to be about 80 mill. Hes not prepared to issue another shareholder loan - is how it looks at the moment.

As you’ve said, I don’t think FFP is the major limiting factor in our transfer budget, it’s that the stadium financing is no longer separate from the operational / transfer finances and with Moshiri a busted flush everything is being diverted that way.

The problem we have is that if the budgets are intertwined then significant investment would be required to keep the builders on site AND improve the squad, not with huge expenditure (FFP still relevant), but enough to keep us clear of relegation. And it sounds like Moshiri is unwilling to give up the equity and control that investment on that scale would require.

 

[Jeff Jones]

Possibly that would tie in with recent stories about large personal losses for Moshiri over recent months and the suggestions his UK accounts are currently frozen, maybe Farhad just can't get hold of any money at present.

I saw a report recently that Moshiri's wealth had gone up by a billion since he bought Everton and he's now worth over three billion.
Can't give you a link because I forget it.

 

[Simon Buttle]

I saw a report recently that Moshiri's wealth had gone up by a billion since he bought Everton and he's now worth over three billion.
Can't give you a link because I forget it.

Seems odd as there had been a report just a few weeks back suggesting he has lost nearly £400m over the last 2 years.

 

[Raino85]

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

Probably down to this back in March

Treasury’s sanctions police ‘reviewing’ finances of Everton FC owner, Guardian understands

Farhad Moshiri reportedly a ‘person of interest’ at special unit over links to sanctioned oligarch Alisher Usman

www.theguardian.com

 

[everton1953]

Spekulayshun, spekulayshun, oh so much spekulayshun. The words of a song are forming. Nothing else to do is there? Sick of it.

 

[BlueStevie35]

Spekulayshun, spekulayshun, oh so much spekulayshun. The words of a song are forming. Nothing else to do is there? Sick of it.

Then maybe stop reading it?

 

[Jeff Jones]

Seems odd as there had been a report just a few weeks back suggesting he has lost nearly £400m over the last 2 years.

Yes, that's what I thought when I read here that he'd had recent losses. I hope it isn't impacting on EFC if it's true.

 

[Simon Buttle]

Yes, that's what I thought when I read here that he'd had recent losses. I hope it isn't impacting on EFC if it's true.

It is though that's the thing. Farhad is clearly a wealthy individual however much of his money is what would be deemed as 'paper wealth' it's stocks, bonds, investments in companies etc, etc. He doesn't have loads and loads of disposable cash, certainly not the amounts required to run a top flight football club and certainly not without Usmanov in his corner. If you have idiots in the boardroom and at the top who are miles out of their depth then you need an owner who is constantly bailing the club out. If you get proper people, who work together towards a common goal (to say a 5 year plan) then a club can make it's own money and run efficiently. We only have ourselves to blame tbh.

 

[Joey66]

An accountant who knows very little about football - Thanks Bill.....