Usmanov

[barneygumble]

Everybody LOVED watching the premier league the season Leicester won it, incredible story, it’s in everyone’s interest for the premier league to be as competitive as possible but I suppose the fear would be if we don’t have one or two super powers winning every other year, will we be able to win European trophies. Barca and Real have been so good in Europe over the last 15 or so years because they had all of La Liga’s best players

well scudamore did say he wanted 5 different winners over 5 different seasons...

 

[Toffeelover]

Can't he just leave a lorry container full of 50 pound notes on the center circle in goodison for Moshiri to find?

No, leave it outside my house, I will share a wee bit.lol

 

[bcblue1878]

Really? So because he has a different opinion he's a kopite?

Nowhere did I say that, the only one who’s mentioned the k word is you!

 

[Neiler]

Our finances appear exactly how the multi billionaire accountant majority shareholder wants them to appear. Nothing to see here.

I would have my doubts about that, thus far id say Moshiri and co are disappointed with their investment, lack of growth in the business as a result. I wouldn't envisage they thought it would be as difficult to progress as it seems to be.

We also do not live in a vacuum as has been pointed out we have regularity commitments to meet and even if we have some of the richest men in the world in the shadows backing us to an extent, getting finance into the club, meeting our regularity commitments and managing the gaping whole of the business's finances is tricky and not that easy. It has played out in front of us really.

The clubs finances as a business are a mess, we are about to post a 90mill - 100 mill loss as a business, significantly that is a massive pain, for owners, liquidity, ability to invest and meet our regularity commitments and our ability to go to the well again for finance for the playing squad.

 

[Telford-Feb-85]

Whatever his interview for it wasn't for our benefit. Its probably carefully set for other investment companies and individuals to see. Suspect it has more to do with the stadium and Liverpool waters than Megaton, but as time goes on they will become more or less the same thing.

 

[Catfish Blues]

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 ?

2 is highly unlikely

3 is a weird thing to ask. It's Moshiri's loan, he can't really pay back his own loan to himself

1 is the likliest scenario and, along with him buying up a few more shares from the likes of Kenwright, is what will probably happen.

I'd guess that, at some point, he'll make an offer to all shareholders to buy their shares, but, based on what he's previously said, he won't force them to sell. If he's converted debt to equity, then all the other shareholders will have been diluted down to a point where, financially at least, they're irrelevant.

To be honest, the loans he's made have effectively increased the enterprise value of the company, so they've already been effectively diluted.

 

[Toffeelover]

Ive long held the opinion, that Usminov is involved in a cartel involved with us with Moshriri as the figure head.

What i would say it makes little sense in him coming on board officially its far easier investing in the club not being involved then being involved.

I think the only thing that would change that is if we crossed the Rubicon and became successful and their was a bit of profile there.

Also if you are part of a consortium it makes sense that not all members are tied up in one single investment, leaves the option for other members to be able to get exposure by investing in football elsewhere if another opportunity came up.

Very well set out. Never agreed with Dave's view onthis. Whilst Usmanov has not publicly stated he is with us, the nature of his statement clearly shows he is open on the subject.

 

[OnlyBlueWillDo]

Mad how many posters on here seem to know the inner most workings of Usmanov and Moshiri's business affairs.

It was clear to a few, myself included, what Moshiri was here for, laying the groundwork for him and Usmanov to run a Prem team.

Moshiri's Arse shares are linked directly back to Usmanov, he sold those shares and bought into Everton, in a way it was all Usmanov's money.

They are great friends who wanted to run Arsenal, when that died their plan was obvious to me, they wanted a Prem team to own, and we were it.

 

[Toffeelover]

Its gotten a whole lot easier since the summer with STCC coming to an end and financial fair play period coming into play. if we had invested wiser and managed better we really should be attacking the league. It should really be good news for the likes of us, Wolves and Leicester, who can now spend a bit more like drunken sailors then we did under STCC.

Our finances are a mess though if you are looking at strictly through running a good viable business.

Much of this has been if we are truly honest down to the naivety of Moshiri taken on our football club.

 

[Toffeelover]

Its easier to invest in a football club by providing sponsorship with the regulations then it is owning it and giving it 100 mill to spend on players. But if your mate owns it, you are involved together, then you have the best of both worlds. Why would you get officially involved in that case, you leave all options open by not being formally involved.

The next steps with the stadium will be interesting though, as much of that cost can be written off in the financial regulations, i have a suspicion Moshiri and co may provide personal equity to the project, at least to some extent as part of the funding model.

Ive long expressed my concern over the finances of the business under Moshiri, they are currently rubbish and the worst in the club history and living in a non drip fed world you would have massive Leeds or Villa like concern. They are however what Chelsea's would have looked like during the Abramovich early era. So we better hope there is outside involvement.

I have not seen any of the a/c's for years so cannot comment exactly on the finances. However are big losses being generated to be available for the future for the club and investors?

 

[MrGrumpy]

Main problem been is the lack of leadership at the club and terrible appointments and horrendous spending on players clearly not good enought, 45 Sigi, 25 Keane, 25 Tosun.
That there 95 mil wasted.
Walsh and Koeman really fekkedus up with there spending and the wages they put players on

 

[tommye]

Nowhere did I say that, the only one who’s mentioned the k word is you!

Dont try be the smartarse, you know what you were implying

 

[tommye]

I would have my doubts about that, thus far id say Moshiri and co are disappointed with their investment, lack of growth in the business as a result. I wouldn't envisage they thought it would be as difficult to progress as it seems to be.

We also do not live in a vacuum as has been pointed out we have regularity commitments to meet and even if we have some of the richest men in the world in the shadows backing us to an extent, getting finance into the club, meeting our regularity commitments and managing the gaping whole of the business's finances is tricky and not that easy. It has played out in front of us really.

The clubs finances as a business are a mess, we are about to post a 90mill - 100 mill loss as a business, significantly that is a massive pain, for owners, liquidity, ability to invest and meet our regularity commitments and our ability to go to the well again for finance for the playing squad.

Disappointed in his return so far yes, the rest? It's just Monopoly money Jeeeem.

 

[Neiler]

Much of this has been if we are truly honest down to the naivety of Moshiri taken on our football club.

I dont hold a polarized line on Moshiri, i dont doubt he has good intentions and invested in the club, that is positive. I do think he has shown a level of naivety verging on incompetent in his decision making around key positions in the club from top to bottom. Namely the board, DOF's and managers. A fool and his money approach. It has been undermining and massively frustrating given there is huge opportunity to cut the legs out from under the likes of Arsenal, Chelsea Spurs and Utd at the moment. But that is macro stuff.

We are in a position now were we just might have gotten all our appointments right, but got them right when the business is in its worst financial state and everything that comes with that. The next set of accounts are going to be interesting, ive projected a loss of 90 -100 mill since the summer. Ive heard some suggestion that some equity might have been put into the business recently, but that is just a rumour - i dont know for sure. So the next accounts will tell us an awful lot about how we may progress from this point. The one thing i would say is the timing of the planning permission for BMD might be significant, We have to send our regulatory accounts to the PL for March and if we have a decision by then we may be able to write of 30 mill of our projected loss. So with that and if any equity has been provided the actual loss may be lower.

But im just speculating on a lot of that really,

 

[CielosGrises]

The club will be in a better shape with stadium on the horizon, better spending and management from Brands and Ancelotti - but yeah they've wasted a whole lot of money on players not fit for where they want to be. Hopefully no more messing around with over-paying for average players and unproven managers.

Kenwright has kept us in the league and at least shown us a direction with Moshiri and Usmanov, let's hope it picks up speed.