Farhad Moshiri has increased his stake in Everton Football Club to 68.6% of the 35,000 outstanding shares, with the Monaco-based billionaire expected to purchase more within the next year.
Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the Club.
Moshiri previously owned 49.9 per cent of the Club and in line with the agreement made at the time of his original investment, he has purchased 18.7 per cent through Blue Heaven Holdings Ltd, giving him a total holding of 68.6 per cent, which is expected to increase to 77.2 per cent no later than July 2019.
When he bought into Everton in February 2016, Moshiri signed a binding undertaking with Bill Kenwright to take his stake from 49.9% to 77.2% by 2019. Today is part of that process, and Kenwright is expected to sell all but a token stake in the club by next July.
The 18.7% acquired by Moshiri is made up of Jon Woods's 3,000-plus shares and former director Arthur Abercromby's 909 shares, plus half of chairman Bill Kenwright's shareholding.
Kenwright, who is still Chairman of the Everton Board of Directors, will remain the second largest individual shareholder and will continue to work very closely with Moshiri. John Woods is expected to step down from the Everton Board.
Reader Comments (113)
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1 Posted 11/09/2018 at 11:33:09
I'm curious to know from whom he has bought the additional shares — you would have to guess it was Bill Kenwright and/or Woods — and what it means for their positions if so.
2 Posted 11/09/2018 at 11:39:50
Paul Joyce tweeted it was from Woods & Abercromby. Kenwright to retain 5%.
Not sure what that all means though.
3 Posted 11/09/2018 at 11:56:48
Like you, I don't know what it means for the major shareholders but I'm sure the TWers savvy in financial matters can offer an interpretation.
4 Posted 11/09/2018 at 12:02:27
One possibility is that something has been triggered as there was an agreement in place from the very beginning that Moshiri would at some stage buy additional shares.
Could it be something related to the Stadium perhaps?
5 Posted 11/09/2018 at 12:06:18
6 Posted 11/09/2018 at 12:09:21
7 Posted 11/09/2018 at 12:19:47
Is the council part of the deal?
Is "someone else" stumping up all or part of the required amount (whatever that is — it was £450M last time I looked.)
One thing for sure, Moshiri hasn't lost his nerve — he is in it for the long term.
8 Posted 11/09/2018 at 12:24:42
9 Posted 11/09/2018 at 12:29:47
10 Posted 11/09/2018 at 12:42:18
11 Posted 11/09/2018 at 13:00:03
12 Posted 11/09/2018 at 14:30:45
Therefore, Moshiris company can buy Everton completely and he just sells a controlling interest in the company to Usmanov.
13 Posted 11/09/2018 at 14:34:09
14 Posted 11/09/2018 at 14:48:50
1) They dissolved True Blue Holdings back in 2004.
2) I don't think Moshiri's holding company (Blue Heaven Holdings) can or will buy Everton completely because of the minor shareholders, amounting to around 18%.
15 Posted 11/09/2018 at 14:53:42
Michael at 15, I don't know business but haven't Everton's Shareholders issued a statement following the Arsenal saga saying they have received assurances from Moshiri that Everton would not be looking at private ownership in a similar fashion to Kroenke. To buy Everton completely would require compulsory purchase of the minority shareholding.
16 Posted 11/09/2018 at 15:54:27
17 Posted 11/09/2018 at 15:56:08
18 Posted 11/09/2018 at 16:03:59
19 Posted 11/09/2018 at 16:07:56
No mention of the price paid. Moshiri's original purchase priced the Everton shares at £5,000 each, and the club at £175M. That was 2½ years ago and things have gone even more crazy in terms of Premier League value, if you go by the price paid for players as any indication. But this was a prior agreement, so £5,000 may indeed be the price.
I'm trying to add up the sums... and to get to 77.2%, it seems to me that Farhad would be buying some of Lord Grantchester's shares. My numbers have him owning 2,773 shares (7.9%) but I think that comes from way way back in time.
Sidenote: in previous years, the Annual Report issued for the AGM would list major share ownership at Board level. But not last year. I estimate that Kenwright may have sold around 3,000 shares (~8.8%) for a price of at least £15 MILLION, and he may still have around 4% . but my numbers may be out of date.
That would take Kenwright's return in terms of shares sold so far to over £38 MILLION!!!! Not bad for a second-rate actor on Corrie!
20 Posted 11/09/2018 at 16:53:17
I think our club is going to be envied in a few years as one of the best
— if not the best run club in the country.
21 Posted 11/09/2018 at 17:05:34
Here is the ESA statement when Usmanov sold his 30% stake in Arsenal to Stan Kroenke, that Chris (#15) mentioned:
Ending with the conviction: "We are reassured that our major shareholder, Farhad Moshiri, has repeatedly said that he has no plans to dilute or undermine our position."
22 Posted 11/09/2018 at 17:16:12
Everton are not publicly listed. Were a good old fashioned LLC. This means as long as Mosh gets to 75% then hes got close to absolute power. Hed need 90% for absolute power. Theres no need for absolute power in a football club as theyre always subjected to government scrutiny when we fans complain.
23 Posted 11/09/2018 at 17:32:02
Joe, I don't know if Usmanov will or won't. I'm just saying this doesn't end that speculation. I've suspected he would get on board, but this is just a feeling rather than being in the know or anything.
24 Posted 11/09/2018 at 17:53:42
25 Posted 11/09/2018 at 18:24:36
26 Posted 11/09/2018 at 18:26:53
Wouldn't this reduce the % holdings of the small shareholders even further?
27 Posted 11/09/2018 at 18:38:40
28 Posted 11/09/2018 at 18:43:07
Man Utd fans and no doubt hierarchy are taking note our Marcel Brands so it's imperative we tie him down long term. So, with him and Moshiri, we just need a manager who can step up and mix it with Europe's best. Whether that is Silva, we will find out quickly.
So far, his enthusiasm and attacking intent is very refreshing. His in-game management and late or wrong subs are not so good (eg, no Dowell when he took off Sigurdsson). Having said that, he hopefully is a fast learner and will admit to himself when he gets it wrong. Unlike the last three idiots we had... Even Jose doesn't have that trait!
29 Posted 11/09/2018 at 18:56:02
Like applying for planning permission on a new stadium perhaps?
If so, does that then mean we have secured funding for the stadium?
Wheels are in motion!
30 Posted 11/09/2018 at 20:09:58
31 Posted 11/09/2018 at 20:31:37
32 Posted 11/09/2018 at 20:35:06
The majority shareholding means that he can now make those important decisions a lot quicker without the need for drawn-out consultation and approval at board level (although he has always said that he would seek approval from other shareholders, regardless of his holding).
Certainly I think that other stakeholders, in terms of the stadium development in particular, will be much more comfortable dealing with one ultimate decision-maker rather than a bit of a rag-tag set-up with no-one in overall control but plenty who could put a spanner in the works.
I believe it's another great day for the club and I think we can now look forward to some exciting announcements over the coming months.
33 Posted 11/09/2018 at 20:45:16
34 Posted 11/09/2018 at 21:08:46
That could give us a big hint if he was to come on board.
35 Posted 11/09/2018 at 21:29:55
36 Posted 11/09/2018 at 22:18:02
37 Posted 11/09/2018 at 22:35:57
38 Posted 11/09/2018 at 22:51:27
Of course I welcome the investment by Moshiri. Let's say I am very grateful for the much-needed injection of finance. But, in many ways, it was the perfect balance to have the man with the money and the man with the heart and soul of Everton.
I do get why he has caused frustration and I do get that he comes with a lot of bluster but there are not many clubs left that have a person with a love of the club at the helm and I am proud to be one of the last, if not the last.
39 Posted 11/09/2018 at 23:03:37
The club's entered a new era and let's hope where it counts on the park, it improves and Bramley-Moore Dock, is no longer a mirage on the waterfront.
What will be will be, and I'm sure Farhad Moshiri and the board have a plan and will be a success and slowly improve the brand of Everton.
It's a lifetime for many, overdue.
40 Posted 11/09/2018 at 23:08:02
41 Posted 11/09/2018 at 23:38:54
As Mr Usmanov apparently has a spare £500m to spend, my guess is that he will be looking for a long term investment which will return him more money on his investment and which will increase in value as the years go by.
The new stadium fits those criteria perfectly. He could "lend" the money to his business partner Moshiri and receive interest and capital repayments on the loan. As the saying goes - "money makes money".
Another thought has occurred to me as a result of the Esk Twitter announcement mentioned by Steve Ferns @ 31 above. He could just buy Everton Stadium Development Ltd, build the stadium, and lease it to EFC on a long term locked in contract.
It is interesting to me that the new company is "LTD". I would be interested to hear if their is any significance there.
Speculation aside it seems Moshiri is bedding things down for the long term future of the club.
44 Posted 11/09/2018 at 00:15:01
Exciting times ahead.
45 Posted 12/09/2018 at 00:17:50
As I have said, we have our dream. Two out of three leaders now at the club so it's up to Marco to show us now he is the missing link. Starting with this call over Hornby, plus making his subs at the right time, or Moshiri's search will continue until he finds the winner he and we are desperate for.
47 Posted 12/09/2018 at 01:52:20
I like Farhad. A lot. There's been criticism levied at him, which I always thought was a bit of impatience.
He's got a clear vision of how he wants Everton to progress. He's even made mistakes and stumbled, but has immediately regrouped, analyzed, and made adjustments. He's put his money into the Club and it's future.
I'm not sure what else we could ask for?
Ownership is the key to success. We've got a good one.
I'm thrilled with this.
48 Posted 12/09/2018 at 02:55:16
He likes control. There is no way he would accept being a partner with no control.
49 Posted 12/09/2018 at 03:37:38
You mean just like USM and the holding company they shared when they both had their Arsenal shares... that kind of control?
50 Posted 12/09/2018 at 04:14:20
In life it is no easy matter to find men or women who you can trust and have as friends. I would imagine for a person as wealthy as Mr Usmanov that task becomes even more difficult.
Perhaps in Farhad Moshiri, Alisher Usmanov has found a friend who he trusts which resulted in the Red & White Holdings arrangement.
I hope so because that would auger well for EFC in the money mad world of the Premier League.
51 Posted 12/09/2018 at 06:37:11
I just don't see him wanting to partner with someone again. If he just wants to be a partner then he could have stayed with Arsenal and continue to grow his wealth there.
52 Posted 12/09/2018 at 07:10:25
I couldnt have put it better myself.
53 Posted 12/09/2018 at 07:29:23
54 Posted 12/09/2018 at 08:12:16
It has often been reported that Usmanov's gripe with Arsenal was that he couldn't get a seat on the board and wanted a say in the day-to-day running of the club – that again he couldn't have – despite being a 30% shareholder.
Since he and Moshri are longstanding business partners, I am sure that his ambitions can be easily achieved if he was to partner with Moshri at Everton.
Bear in mind too that he has already made an "investment" in Everton by allowing USM to sponsor Finch Farm. It would be naive to think that that was achieved by Moshri without Usmanov's approval or involvement.
55 Posted 12/09/2018 at 08:12:32
This, in my opinion, paves the way for Usmanov to come in and announce, with his partner Moshiri, the building of our new state-of-the-art stadium.
Gentlemen, the Everton we all knew and loved is no more. We are heading into unknown territory and I'm starting to get really excited. Soon the scrappy little Everton, punching above their weight, will be no more. The 'knife to a gunfight' will be replaced by a mofo Abrams Tank. A new kid is on the block, so – for all you nostalgic scaredy-cats – either jump on board or stay behind because the rest of us are going to enjoy the ride!
56 Posted 12/09/2018 at 08:16:03
57 Posted 12/09/2018 at 08:22:36
58 Posted 12/09/2018 at 10:48:30
An exciting time to be an Evertonian. The owner has rock solid plans in place and and is slowly but surely executing them. The football side deficiencies are being ruthlessly and efficiently addressed. Brands is an inspired appointment. Silva has got the tools to do his job.
As you say, the ‘scrappy little Everton' is no more. We are emerging and will become a real threat to the status quo of the Sky 6.
It won't be plain sailing to get to the top 4, but we are certainly on the right road now. I'm excited to be able to say it, mean it and believe it.
I have dreamed of us being able to challenge in the near future on a semblance of an equal footing. It's happening.
59 Posted 12/09/2018 at 10:57:31
A question. (I am not being deliberately morbid here, just genuinely inquisitive).
As I understand it, Mr Moshiri is divorced with two kids, whom I know zilch about. Sex? Age? Part of his company? What happens club wise if (God forbid) he passed away today?
Do the unknown kids take control? His company? Or?
Presumably we could then be put up for immediate sale?
He's only 63, I believe, and looks very fit (unlike Mr Usmanov – who looks a burger bite away from a coronary), but I'm just wondering if this leaves us in an unknown position succession wise?
ps: I do not run a funeral parlour, a stone masons, or tarot card business – I am just wondering!
60 Posted 12/09/2018 at 11:28:42
61 Posted 12/09/2018 at 11:30:13
62 Posted 12/09/2018 at 11:44:00
64 Posted 12/09/2018 at 12:22:31
Apart from Victor being a miserable twat everyone else seems to be brimming with positivity.
Coiln mate, I've told you before... don't beat about the bush – just say what you mean, lol.
65 Posted 12/09/2018 at 12:51:30
I am glad Kenwright's influence is waining at Goodison, it lasted far too long. Nothing is certain in life but we stagnated at best under his leadership and got left behind by teams that could only dream of having our illustrious record — up untill Murdock stole football from the people and made all about the money.
Moshiri has been good also and has acted decisively when he has been proved wrong but, if we really want to have a chance of challenging Man City etc, we would need Usmanov to come on board; I feel Moshiri will want this project as his own but I hope to be proved wrong.
These are exciting times — I for one am very optimistic by both Moshiri's behaviour up untill this point and the fact that Kenwright is gone. The new stadium will cement this feel-good factor.
66 Posted 12/09/2018 at 12:55:03
67 Posted 12/09/2018 at 13:12:50
Football clubs are just an investment to these level of people. They will expect a return
68 Posted 12/09/2018 at 13:14:17
You make an interesting point regarding the health of Usmanov. I think he's 65 now? ... and hugely overweight, to put it mildly (I can't see him using the gym much on that yacht). He's already got a prosperous life but will he have a long one? Not in that condition he won't.
I don't mean to sound morbid but I suppose my point is, if Usmanov wants to invest in a football club and receive the enjoyment and responsibilities of ownership, he needs to do it pretty sharpish.
69 Posted 12/09/2018 at 13:15:04
Excuse me for being completely clueless on how takeovers work etc, but I still don't think this is the end of the possible interest from Alisher. Maybe someone can help me on this:
If say Farhad bought his shares at £5000 each (figure mentioned above) and had a prior agreement/option to buy more shares at the same price within a timeframe, it makes sense for Farhad to activate this clause for one of 2 reasons in my opinion:
1. With the TV money boosting revenue, shares may now be worth £10k instead of the £5k option available to Farhad. Shares available for 50% of their true value? Yes, please.
2. If Farhad takes up the option, then Usmanov can still buy shares from Farhad for the same value or maybe offer him say £7.5k so one saves £2.5k and one earns £2.5k?
Is that a too simplistic way of looking at things? If I was Alisher and wanted interest in Everton, then I would be telling my best mate to buy the shares and sell them to me for cheaper than the current market dictates.
Any help on dumbing this down for me would be great. I am happy to see Moshiri keeping the faith with our club.
70 Posted 12/09/2018 at 13:21:33
Imagine a Blackburn, Blackpool, Orient, Charlton, Newcastle, Sunderland situation …
Reality is we are top 7 with him in charge rather than a second division or at best a Yo-Yo club like West Ham.
71 Posted 12/09/2018 at 13:28:41
As for the City Shiekhs, it's very simple: Man City had a new stadium built which saved about £350-500m. Money to speed up the on-field aspect. If they bought Everton, then my guess is a further 5 years since 2008 to fully plan, finance and build 'Goodison Mk 2'.
Anyway, Kenwright's greatest move was keeping Moyes even when we had tough times, whilst allowing him to run the team on the pitch. Most chairmen these days interfere far too much in managerial affairs.
Hopefully Moshiri will give Silva time and we can progress to the next step, whatever that may be.
72 Posted 12/09/2018 at 13:51:21
Bill Kenwright found the best buyer for Bill Kenwright.
73 Posted 12/09/2018 at 14:19:01
74 Posted 12/09/2018 at 15:46:53
Moshiri and Usmanov continue to do business together. They own USM for a start. I'm led to believe that is one of many companies that they own.
I believe, and this is guesswork, that Moshiri was sent ahead to Everton. That he is getting things set up to a plan devised by the two men. Usmanov then comes on board as previously discussed. Moshiri is not Chairman, he doesn't want to be. Usmanov can assume this role and chair the club. Remember, he lives in London and so is able to run the club from there, and to pop up to Liverpool when necessary. This would be nothing new as Kenwright has done this for years.
Sure, the flaw in my thinking, is that why is Usmanov now delaying coming on board? What's the thinking here? I don't know and the longer he leaves it, the less likely it will be. Maybe there is something in the terms of a buyout agreement with Arsenal? Maybe knowing the inner secrets of Arsenal, Usmanov is restricted by a time bar from joining a rival? There could be any number of reasons.
I don't understand the speculation on the steel for the stadium though? Can someone explain why it is such a lucrative deal for Usmanov? Surely he can make more off building a couple of skyscrapers (or even just one) down in the Big Smoke?
Maybe Usmanov will be the money man at Everton. He puts up the £500M needed to build the ground, and Everton pay him for the loan. He doesn't get involved with the club, but he makes a killing from the loan? Loaning money to a football club in this way would be relatively risk-free as he'd be able to get the club and the stadium if they default.
There's so many permutations and it really is exciting times.
One last question: I wonder what the likes of Tony Marsh think now? Do they still doubt the stadium will happen or has so much happened on this that they now believe the club is genuinely trying to make this happen?
75 Posted 12/09/2018 at 17:21:51
76 Posted 12/09/2018 at 17:27:03
As the poster above says, the Man City owners were swayed by the free new stadium saving them years and multi millions – our chance has now come. I sense something in the air... Farhad exercises his option early and only a few weeks after Usmanov announces his sale of Arsenal shares.
The common denominator is the new stadium. When it is built, the value of the club should increase. Anyone lending to the club will not benefit as the value rests with the shares. Therefore, if Farhad or Usmanov are to invest in the stadium, they will want to be the beneficiaries of any increase in value – hence the need to have as many shares as possible.
To those saying Usmanov would want control, remember, he was only 50:50 with Farhad with the Arsenal shares until Farhad moved to us. I can't piece it all together but it just seems a hell of a coincidence to me.
Sit tight and watch... I think!
77 Posted 12/09/2018 at 17:30:13
Sorry mate – that's bullshit!
78 Posted 12/09/2018 at 17:36:51
Well, me personally, I have never called him a Charlatan. I'm sure in his own unique way he means well... He's just not very good at his job. Never will be.
79 Posted 12/09/2018 at 17:43:28
No need for apologies, mate. Can you explain why you think it's bullshit?
80 Posted 12/09/2018 at 17:47:38
He didn't sell until enough money was offered. He repeatedly told us he didn't have the money to invest.
Interest was made clear, that would have taken the club forward. Not enough in it for Kenwright though.
81 Posted 12/09/2018 at 17:50:24
82 Posted 12/09/2018 at 17:54:58
83 Posted 12/09/2018 at 17:56:06
What makes you ask?
84 Posted 12/09/2018 at 17:58:28
Using the same premise as you mate, ie, simply making a statement with no explanation Bill Kenwright found the best buyer for Bill Kenwright. I'll pass thanks.
I could get drawn deeply into this, and already regret my post to be honest, but not for reasons you might think.
I can't really, after consideration, be arsed to explain, or try to, to those who've already made their minds up about Kenwright and would find a reason to slag him if he gave all the profits from his share sales to charity and volunteered in a charity shop in Birkenhead three days a week and carried an old lady home on his shoulders. People'd still accuse him of doing it to rob her house when he got there.
85 Posted 12/09/2018 at 18:11:51
86 Posted 12/09/2018 at 18:14:38
Your analogy of the charity shop and carrying the old lady is moot.
87 Posted 12/09/2018 at 18:17:25
Didn't he put it out that he mortgaged his house to buy the shares?
Only to refute it later on down the line
88 Posted 12/09/2018 at 18:20:50
89 Posted 12/09/2018 at 18:55:26
People seem to forget that, for all his faults, Kenwright released us from the grip of Red Johnson, a man who has faded into the mists of most Evertonians' memories, but who should not have.
90 Posted 12/09/2018 at 19:28:31
91 Posted 12/09/2018 at 19:49:32
The thought of a plush stadium on the docks, offices in the Liver Building and the other lot sat in their pieced-together Meccano home, mulling over yet another defeat by the blues, gives me a very warm glow.
Any chance we can spray Farhad's Liver Birds royal blue?
92 Posted 12/09/2018 at 20:41:29
If you do the climbing, I'll buy the paint!
93 Posted 12/09/2018 at 21:22:44
94 Posted 12/09/2018 at 22:05:37
Dave (#91), you said well done to David in (#89) and continued, "Let's stop slagging people off and look to the future" You do realise, I hope, that David praised Kenwright and slagged Peter Johnson off.
95 Posted 12/09/2018 at 23:20:18
They all do their best and my feeling is just to look forward with optimism rather than rehash yet again the ill feeling towards Kenwright which is unpleasant and gets us nowhere.
That said, I acknowledge the right to free speech, different opinions etc even though I may not like some of them! Yours, however, are always well articulated and not abusive!!
96 Posted 13/09/2018 at 01:54:48
And I wasn't 'slagging off' Peter Johnson. Perhaps I shouldn't have called him 'Red' (although I doubt he'd be offended), but I still remember how Duncan Ferguson was sold and why Joe Royle quit. Furthermore, if Johnson had been a success, guess whose reign would not have happened.
And Dave #95 (this is looking like the thread of the Davids), yes, time to bury all hatchets and look forward to a hopeful future.
97 Posted 13/09/2018 at 06:24:10
Mr Usmanov's assumed interest may not be anything more than having worked with Mr Moshiri (or had him work for him), allowing his company name to be used to raise investment by sponsoring Finch Farm and having previously purchased from Mr Moshiri those Arsenal shares it was said were initially gifted from one to the other.
Do I think there is smoke? It does seem there is but I doubt it is the last embers of friendship.
98 Posted 13/09/2018 at 08:03:07
99 Posted 13/09/2018 at 11:01:34
What you both should realise is that Kenwright leaves a great deal of distaste with his efforts as an Everton owner and Chairman and that distaste will always show itself to any fans who disagree with the way he has run the club.
However you deserve the right to show your support of him so as David says let's move on, fair enough. I'll try but can't promise when it comes to Mr Kenwright — that's a start, isn't it, I just called him Mister.
100 Posted 13/09/2018 at 11:10:49
The squeak you hear in the Main Stand is not a faulty seat, it's Bill's buttocks clenched, he's tighter than a duck's backside, or a camel's in a sandstorm.
Be lucky if we get the Arteta money let alone money donated to the football club or EitC.
Only way that will happen is Tatu saying "It's the plain, boss."
101 Posted 13/09/2018 at 11:55:03
I never claim to be ITK as people are always claiming to know the running of EFC, but I was present with my granddad and his accountant who has ties to Everton through his wife, he said that Everton had received a takeover offer from an unnamed group but Kenwright had chased them after he or the club asked for proof of funds – apparently Kenwright was given a very attractive package, something which he should've just taken given the abuse he gets either way. This was months before any news of an Everton takeover was mentioned anywhere.
That group in question – the Venkeys.
Given Blackburn's position, it is okay to bash Kenwright over the Sheikhs at Man City, but shouldn't he be applauded for chasing the chancers at Venky's too? Like I said, I don't usually claim to be ITK, I didn't at that time either, until it was common knowledge via the papers that Venky's had indeed tried to purchase another Premier League club unsuccessfully.
Even if he did want to stay as Chairman to oversee the change of ownership, I think it's a good thing. Clearly Moshiri is the right man and will eventually ease out Kenwright completely.
102 Posted 13/09/2018 at 12:12:36
When you say "I was present with my grandad and his accountant who has ties to Everton through his wife" — Where were you present?
103 Posted 13/09/2018 at 12:24:06
Venkys bought Blackburn lock stock and barrel for £43 million. Bill Kenwright will get £45.5 million for his shares.
Very prudent of Uncle Bill to wait for an offer that suited him.
104 Posted 13/09/2018 at 12:49:26
If that is indeed correct, then Moshiri works for Usmanov. So, if Usmanov comes on board at Everton, he will be in control and Moshiri will revert to subordinate. Or, you could speculate that Usmanov has always been pulling the strings and this seems to be what the allegations against Usmanov were suggesting.
Last time I wrote something on this, I was taken to task because my profession apparently holds me to a higher standard, so here's David Conn analysing this very murky situation a year ago. The allegations all arise out of the Paradise Papers leak and was something touched on, but skimmed over, in a BBC Panaorama piece.
If this is all stuff that cannot be proven, and I suggest that is indeed the case, then it does not mean questions cannot still be asked of Moshiri and his money. The reason it cannot be proven is that we can only see parts of the picture and not the full picture and those parts we can see come from a leak of privileged documents (ie, those we the public are not allowed to see). The important thing is that the company concerned (Appleby's) had discussed the matter internally (as evidenced by the leak) and they could not see where Usmanov's investment ended and Moshiri's started.
The important thing is this: there was no evidence of Moshiri putting any of his own money in to the company that was used to buy Arsenal. The funding used by both men (Usmanov and Moshiri) to buy their Arsenal shares came from a company called Epion, and all of the money came from Usmanov. Therefore, business analysers all conclude that Moshiri got his Arsenal money from Usmanov. Upon selling his Arsenal shares to Usmanov, Moshiri received money that he then used to purchase Everton.
Whatever way you look at their relationship, it is very, very murky. I know who I think is in charge in their relationship, and who I think would take control of Everton should Usmanov invest his own money, or as one could put it, step out of the shadows.
Maybe, just maybe, Usmanov is happy to remain in the shadows, and pull the strings from there, and let Moshiri run things and make a go of Everton, and would only come on board if the value of the club started to soar as a result of increased TV money, increased results on the pitch (Champions League), and the big revenue source I foresee – pay per view video streaming (note Amazon has a round of fixtures either this season or next season and this is a glimpse of the future as they stream every game from that round).
105 Posted 13/09/2018 at 13:09:38
Also back then the power was with the clubs, now the players have all the power. Whether that's a good thing or not, I am not so sure, now that players can sign lucrative 3- or 4-year contracts, but if the team does well, he wants to renegotiate his contract or wants to join another team.
Back when I started watching, players would want to play for a successful club but because the maximum £20 per week was in play, other than win bonuses, it didn't matter which club they played – for they only got £20 per week. So there wasn't a financial interest for the player to move.
106 Posted 13/09/2018 at 13:56:49
The way the game has gone, we now have a player who's had a great start and scored a few goals, gets called up to ply for his country, does very well for them and scores a couple. Now they're asking him about joining Real Madrid and Barcelona.
So yes, people are very interested in how much money the chairman has, because otherwise it doesn't matter how well we play, are coached, or even the quality of the players they have, because we just got picked apart and win nothing.
As for where the money comes from, I'm very interested in who really is running Everton and what their game is.
107 Posted 13/09/2018 at 18:25:59
I would be more surprised if it wasn't the case that Usmanov was pulling the strings behind the scenes.
Maybe he bought into Everton as a final ultimatum to Kroenke to give him his seat on the board. When Kroenke didn't move an inch, Usmanov is now (hopefully) advancing the project with us. Once the finance is sorted with the council, I think things will move fast.
108 Posted 13/09/2018 at 18:27:34
109 Posted 13/09/2018 at 22:33:53
110 Posted 13/09/2018 at 23:17:22
I hate to disagree with you but everyone knew who Sir John Moores was, everyone knew who Bob Lord was, everyone knew who deadly Doug was and that goes back over 50 years.
Unfortunately, we now have in Kenwright one of the most self-centred, self-serving control freaks that has held the club back for over 20 years while having all sorts of cronies involved so he could survive and make a fortune out of putting not one penny into the club while still bullshitting it out as chairman of the club, You couldn't make it up.
111 Posted 14/09/2018 at 00:49:14
112 Posted 14/09/2018 at 09:46:54
When I say 'present', I mean literally just there involved in the conversation. I took it all with a pinch of salt as I had only seen the fella once or twice before.
Only when it was reported Venkey's wanted to buy a club, I realised that everything he said was true. Kenwright chased them after proof of funds turned out to be nothing more than bank loans secured against the club.
Let's all be honest with ourselves here: if someone offered you money for shares to make a huge profit, you would take every single penny. Most owners do that anyway.
113 Posted 14/09/2018 at 09:53:24
Years ago, I was only interested in Alan Ball et al. But I knew that Everton were financed by John Moores, and that the press speculated on good players joining us (because we were one of the richest clubs) — like they do with Man City, Barcelona etc these days.
114 Posted 14/09/2018 at 12:53:37
115 Posted 14/09/2018 at 17:27:17
116 Posted 14/09/2018 at 17:55:28
That's a little different approach to the one in your original post.
It was reported Venkys tried to buy a Premier League club? What makes you so sure it was Everton?
117 Posted 14/09/2018 at 21:11:54
I see Steve Ferns is also saying earlier that there is every chance that Usmanov is lurking in the background. Usmanov's sponsorship of our training ground does look a little strange, does it not!
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