If he drops a cool £500m on building us a stadium on the banks of the Royal Blue Mersey, does he deserve a statue / stand?
Tony Scott has called for Farhad Moshiri to be given a statue at Everton’s new stadium at the Bramley-Moore Dock.
thisisfutbol.com
He is not paying for BMD outright out of his own pocket.
He has covering the 'deposit' so to speak...he will get it back, possibly in return for more shares...35,000 shares will increase to ??,000 shares - which he will eventually sell.
The rest will be some sort of 'Mortgage' it will have to be serviced - paid for by the Club.
He may 'own' the Club but I'm not sure that 'he personally' actually 'ownes' the debt.
That
Ltd. thing is a cunning little beast
He paid off some debts, which he will expect back ??,000 shares will increase to
XXX,000 shares.
He guaranteed spending (on total rubbish) on the back of his own net worth and the whole PL / sky money-go-round thing.
All the debt will, I fear, never appear in the column marked - debt 'F. Moshiri'.
But only ever in the column marked - debt 'Everton Football Club & Co Ltd'
Don't forget either, that Usmanov 'gave' him the Arsenal shares.
Then bought them back from him for cash.
That 'free cash' bought his shares in EFC @ call it an average of £7000
£7000 x 32,550 (93%) = £228,000
Current estimated value is £10,000 per share = £325,500 (93%)
How many 'new snares' will Moshiri create and thus accept as recompense for debts covered?
5,000? 10,000? 13,950? @£10,000 (or more by then?) a pop.
Moshiri will still own 93% of the Club...or rather the other minor share holders will still have their 1 or 2 shares...or more in Bills case...that total the remaining 7%.
Moshiri will at minimum have nearly doubled his money just on the shares alone and you want a 'Kin statue?
BMD gets built...at no debt to Moshiri, that debt is on EFCs books...
He can then get a bigger 'Value Added' price.
I've changed my mind - fairplay to him, he deserves a statue for the sheer brass neck of it all.