Usmanov

[Goat]

Unless you have access to this years accounts plus next year accounts there is no way you can say whether Moshiri's loans have all been converted into equity. Then you have the problem of FFP which means you can only make up a shortfall of £30m per season.

Our accounts are going to be horrific.

I have access to last years accounts.

This investment, as well as the operating performance described above, was funded by a combination of shareholder injections via an interest-free loan, which reached £150m in 2018, and new borrowings. In accordance with FRS 102, the shareholder loan from Bluesky Capital Limited has been accounted for as equity. Bluesky Limited continued to support the Club post-year end with an additional shareholder loan of £100m received post year end.

 

[Librarian]

Ways to avoid FFP:
Everton beat Everton U23’s to lift the inaugural USM trophy and claim 500m prise money

Goodison park is sold for a jaw dropping amount to ‘Man with eye patch and pronounced facial scar’

71 chests of what is believed to be Spanish Armada gold discovered in Bramley-Moore excavation

 

[wainy]

I enjoy misery

You sound like my mrs

 

[PDAWG]

You sound like my mrs

I do call my cock misery like

 

[wainy]

I do call my cock misery like

So you love cock?

 

[PDAWG]

So you love cock?

Bugger

 

[Catfish Blues]

I have access to last years accounts.

This investment, as well as the operating performance described above, was funded by a combination of shareholder injections via an interest-free loan, which reached £150m in 2018, and new borrowings. In accordance with FRS 102, the shareholder loan from Bluesky Capital Limited has been accounted for as equity. Bluesky Limited continued to support the Club post-year end with an additional shareholder loan of £100m received post year end.

Strictly speaking the loans are treated as equity, rather than being converted to equity.

Basically they're soft loans, being treated as equity which pretty much contradicts the statement ...

City and Chelsea have soft loans that are converted into equity. We can't do that

... because, to all intents and purposes, it's the same mechanism. Moshiri can't go to the other shareholders for their share of the debt ( because they don't have the money ), so the other shareholders are effectively getting a free ride,

If Moshiri ever sells the club, he might hope to get his soft loans back, but, chances are, they will have been converted to equity before then.

 

[gwladysnight]

I have access to last years accounts.

This investment, as well as the operating performance described above, was funded by a combination of shareholder injections via an interest-free loan, which reached £150m in 2018, and new borrowings. In accordance with FRS 102, the shareholder loan from Bluesky Capital Limited has been accounted for as equity. Bluesky Limited continued to support the Club post-year end with an additional shareholder loan of £100m received post year end.

So until the next accounts finally get published you won't know if the £100m loan has been converted into equity will you ?

 

[Death]

So it’s true after all some Toffeemen are partial to misery cock. Close thread.

 

[Goat]

So until the next accounts finally get published you won't know if the £100m loan has been converted into equity will you ?

Yes.

 

[gwladysnight]

Strictly speaking the loans are treated as equity, rather than being converted to equity.

Basically they're soft loans, being treated as equity which pretty much contradicts the statement ...



... because, to all intents and purposes, it's the same mechanism. Moshiri can't go to the other shareholders for their share of the debt ( because they don't have the money ), so the other shareholders are effectively getting a free ride,

If Moshiri ever sells the club, he might hope to get his soft loans back, but, chances are, they will have been converted to equity before then.

Debt is transformed in to equity shares. So there are three possibilities.

1. Moshiri converts his loans into shares and increases his share of the Club.

2. Moshiri invests an equal amount to all the other shareholders and they pay off the debt equally.

3. Moshiri pays off the loan and all the other shareholders get a free ride.

Which one is it ?

 

[gwladysnight]

Yes.

Please tell us how you know the £100m loan has been converted into equity.

 

[Gwladys St. Glory]

M-IABU

 

[blulouie]

Debt is transformed in to equity shares. So there are three possibilities.

1. Moshiri converts his loans into shares and increases his share of the Club.

2. Moshiri invests an equal amount to all the other shareholders and they pay off the debt equally.

3. Moshiri pays off the loan and all the other shareholders get a free ride.

Which one is it ?

My brain hurts.

 

[fandjango]

Bugger

so you love cock and bugger ?