- Status
This all day long.
Fund us mucho while publicly fingering the Premier League and FFP.
8 to 9 months actually.
New Everton stadium - where is the money coming from?
We answer the important questions about the Everton stadium announcement and Bramley Moore dock dealwww.liverpoolecho.co.uk
Liverpool council WILL loan Everton millions for new stadium, mayor says
Joe Anderson says council tax payers won't have to pay for stadium
Swiftly? These meetings and talks seemed to go on for at least a year
Probably met face to face once or twice.
Outcome is still the same...it got rebuffed.
No problem in businessmen negotiating for better deals or rates I bet they have spoke with many lending facilities.
But you want to make it sound he went begging to the council.
Does he and his mate look like they need the begging bowl out ?
They deal in money its their job.
Fansince1988
Player Valuation: £40m
Doubt it he probably didn’t want his name associated with poor managers like them, looks like he’s stayed out of it until a proper manager has come in.
d34noj
Player Valuation: £40m
Of course he wouldn't have. That's why people are employed to run various parts of the club. That would be down to Moshiri/Kenwright etc.
PDAWG
Player Valuation: £8m
Makes sense, Give your mate the money to front a new club and allow him to blow 200m on utter tripe
There's a certain patern very familiar in your postings.Just cant put my finger on it yet ....but I will do.
Been here before friend ?
Enjoy your stay here.
PDAWG
Player Valuation: £8m
Whats up mate? Need a hug
gwladysnight
Player Valuation: £10m
The bit that doesn't make sense is why we are taking out loans all over the place if Usmanov is funding us. In the last financial year we have had 5 charges placed on the Club to secure loans with the Industrial and Commercial Bank of China Limited, Metro Bank and more worryingly we have gone back to borrowing from Rights and Media Funding Limited.
Rights and Media Funding was formerly JG and lent us money in the dark days before Moshiri arrived.
At Everton’s AGM in November 2015, the CEO Robert Elstone castigated shareholders who asked questions about Green’s potential involvement before revealing that the club’s net debt had increased from £28.1m in 2013–14 to £31.3m in 2014–15, despite announcing a record turnover and bumper new TV deal.“We have three sources of lending,” he said. “We have a long-term loan with the Prudential that expires in 2026, an overdraft with Barclays that is not enough to manage the day-to-day cash flow of the football club and, to address that, we borrow from JG Funding (a private company) against the TV money. It is all fully disclosed in our accounts, is approved by the Premier League and paid back at the end of the year.”
So if Usmanov is on board why have we gone back to in effect making pay day loans against TV revenues, when we already have revolving credit facilities with major banks.
d34noj
Player Valuation: £40m
I'll be amazed if you last the night.
tim gabbott
Player Valuation: £30m
@MarcelsGoat can lend him one of his shirts.... probably fit perfectHe said he's open to investing, suggested new stadium could called "USM Arena" in a Financial Times interview.
Russian billionaire Alisher Usmanov eyes stake in Everton
Tycoon open to various forms of investment in Premier League clubwww.ft.com
edit:
Russian billionaire Alisher Usmanov is eyeing a stake in Everton football club, just over a year after he gave up a $1.3bn bid to take control of Arsenal.
Mr Usmanov, who has built a $16.5bn fortune from Russian metals, telecoms and technology, said in a Lunch with the FT interview this weekend that he was open to various forms of investment into the Premier League club, which is struggling on the pitch amid mounting financial losses and debts.
“I am thinking about my investment into this club,” he said. “There are many ways [to invest]. It is not obligatory for me to participate myself. I could sponsor them. I could be a shareholder.”
Everton is controlled by his longtime business partner Farhad Moshiri, whose wealth is closely tied to Mr Usmanov, as executive chairman and shareholder in the Russian tycoon’s holding company USM.
Since Mr Moshiri became the biggest shareholder of the Liverpool-based club three years ago, it has gone on a spending spree on players in an effort to push into the elite of the English game.
Those efforts have largely failed, but the ambition remains undimmed. Last month, the club fired manager Marco Silva and replaced him with Carlo Ancelotti, a three-time winner of the Champions League, Europe’s most prestigious club competition and a coach considered among the world’s best.
New funding from Mr Usmanov would also ease growing financial issues related to the push for silverware. In the 2017-18 season, the club had net debts of £66m, down from a net cash position of £9.6m in 2016/17.
Over the same period, the club made a pre-tax loss of £13m compared with a profit of £30m a year earlier, thanks to big increases on spending on player transfers and salaries. Despite this, the team is in 11th place in the Premier League table.
Mr Usmanov, who is a close friend of Chelsea owner Roman Abramovich, said that he would invest in Everton “with great pleasure” if Mr Moshiri asked him to. “Everton is the club of my friend, my brother,” he said. “So of course in a manner I am [already] linked to it.”
John Blain, chair of Everton Football Club Shareholders’ Association, a body that represents the interests of its small stockholders, said any move by Mr Usmanov to acquire a stake would “excite the fan base”.
“Farhad is a wealthy man, but it doesn’t compare to Alisher’s,” said Mr Blain. “And many hands make light work.”
Everton declined to comment.
In recent years, Mr Usmanov launched attempts to acquire Arsenal, the London-based club considered one of the Premier League’s “Big Six” — an elite group that includes Manchester United, Manchester City, Liverpool, Chelsea and Tottenham Hotspur.
He gave up that ambition in 2018, selling a 30 per cent share of the London-based club to majority shareholder Stan Kroenke, the US sports mogul, for £550m, ending a long-running ownership battle between the billionaires.
Since then, Mr Usmanov has built ties to Everton. USM sponsors the club’s training ground and the Russian said he could also acquire naming rights over a £500m new stadium the club intends to build to replace its Goodison Park ground.
“They are going to build a new stadium. Why not the USM Arena?,” he said. “Our company wants to help him [Mr Moshiri].
“I cannot reject Arsenal,” Mr Usmanov added. “I will not leave Arsenal as a fan. But if I will join Everton, then I will wear an Everton shirt, because I am a professional.”
SpongeBob brown shoes
Player Valuation: £40m
Your consistent I'll give you that, but your team is about to win the league, so why are you arsed about little old Everton getting some investment to held repair Woodison
Calvin Aldi
Player Valuation: £950k
Hope he gets more involved here than he did at Arsenal. We might actually start to be run as a professional business.
- Status
Welcome
Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.
Shop
