Moshiri becomes majority shareholder at Everton with new share purchase

Tuesday, 11 September, 2018 113comments  |  Jump to last

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)

Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer


Jay Wood
[BRZ]

1 Posted 11/09/2018 at 11:33:09
Now that IS interesting... AND official, from the Club site. Moshiri is now indisputably the 'daddy' of the club.

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.

Paul Smith
2 Posted 11/09/2018 at 11:39:50
Jay,

Paul Joyce tweeted it was from Woods & Abercromby. Kenwright to retain 5%.

Not sure what that all means though.

Jay Wood
[BRZ]

3 Posted 11/09/2018 at 11:56:48
Thanks Paul.

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.

Stephen Davies
4 Posted 11/09/2018 at 12:02:27
Paul,
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?

Paul Smith
5 Posted 11/09/2018 at 12:06:18
Seems the deal has had to be brought forward according to the Echo, due to the new stadium. Still not sure how Moshiri having more control brings the stadium closer to fruition.
Paul Smith
6 Posted 11/09/2018 at 12:09:21
John Woods retains his position on the Board.
Laurie Hartley
7 Posted 11/09/2018 at 12:19:47
I love a bit of speculation — something is brewing. Perhaps the finance for the new stadium is sorted?

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.

Brian Murray
8 Posted 11/09/2018 at 12:24:42
We'll need a street party if it all means Bill Kenwright is no more...
Tony Everan
9 Posted 11/09/2018 at 12:29:47
What does this mean for the Usmanov rumour? More likely to get on board with Moshiri?
John G Davies
10 Posted 11/09/2018 at 12:42:18
Hopefully the end of the phoney's connection to EFC is nigh...
Jamie Evans
11 Posted 11/09/2018 at 13:00:03
No, Paul, Woods no longer has a seat on the board, apparently.
Steve Ferns
12 Posted 11/09/2018 at 14:30:45
It’s good news. To those wondering about Usmanov, let’s remember who actually owns Moshiri’s shares. They’re owned by a company he controls. Nothing unusual here, all do it. Kenwright owns his shares through True Blue Holdings.

Therefore, Moshiris company can buy Everton completely and he just sells a controlling interest in the company to Usmanov.

Joe O'Brien
13 Posted 11/09/2018 at 14:34:09
Steve mate, Do you think that's the way it'll play out?
Michael Kenrick
14 Posted 11/09/2018 at 14:48:50
Couple of problems with that, Steve:

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%.

Chris Corn
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.
Joe O'Brien
16 Posted 11/09/2018 at 15:54:27
That's what I thought as well, Chris. He could, if he wanted to, buy the remaining shares from the minority shareholders whether they liked it or not.
Mike Benjamin
17 Posted 11/09/2018 at 15:56:08
Why would Moshiri need to purchase the rest anyway? He is the majority shareholder now so better not to waste his money on buying more shares as opposed to investing in other areas?
Liam Reilly
18 Posted 11/09/2018 at 16:03:59
In the UK, once he acquires 90% then he can force (or indeed be forced by) all minority Shareholders to sell. This will be an interesting watch to see where this goes.
Michael Kenrick
19 Posted 11/09/2018 at 16:07:56
I must have missed that announcement, Chris, but it makes complete sense to me. I don't believe Farhad Moshiri needs to buy up any more than the 77.2% commitment referenced here.

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!

Martin Berry
20 Posted 11/09/2018 at 16:53:17
Great news — and proves he is in for the long haul. Although he is a businessman, I truly believe he is excited about the Everton "project," the new ground and our progress to be among the very best.

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.

Michael Kenrick
21 Posted 11/09/2018 at 17:05:34
Liam (#18), I think we can safely say that's never going to happen. There are about 1,500 small shareholders (1 to 5 each) that collectively own between 15 and 18% of Everton shares. There really is no reason for Farhad Moshiri to go after these, but they do prevent him from reaching that 90% threshold.

Here is the ESA statement when Usmanov sold his 30% stake in Arsenal to Stan Kroenke, that Chris (#15) mentioned:

Everton FC Shareholders’ Association Statement Regarding the Ownership of Arsenal Football Club

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."

Steve Ferns
22 Posted 11/09/2018 at 17:16:12
There’s an important distinction to be made with compulsory purchase. Usually this is done with football clubs where they are publicly listed (PLC), ie on the stock market. The reason for this is that a publicly listed company is open to takeover. The new major shareholder will want to secure his investment and so takes it off the stock market and exercises compulsory purchase to do so.

Everton are not publicly listed. We’re a good old fashioned LLC. This means as long as Mosh gets to 75% then he’s got close to absolute power. He’d need 90% for absolute power. There’s no need for absolute power in a football club as they’re always subjected to government scrutiny when we fans complain.

Steve Ferns
23 Posted 11/09/2018 at 17:32:02
Michael, the point about True Blue Holdings was that even Kenwright used a holding company. It's the done thing. Usmanov can acquire an agreed shareholding in Moshiri's holding company and take an interest in Everton as a result without much issue. But he couldn't do it on the sly.

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.

Tony Everan
24 Posted 11/09/2018 at 17:53:42
Maybe now a major announcement is imminent on the stadium. It's possible Mr Moshiri wanted this majority shareholding in the bag before the USM stadium gets the green light and its finance package agreed.
Joe O'Brien
25 Posted 11/09/2018 at 18:24:36
Cheers Steve, I was subtly trying to find out if you had any inside information... ;)
Bill Watson
26 Posted 11/09/2018 at 18:26:53
Steve: one of the possibilities in funding Bramley-Moore could be a shares issue.

Wouldn't this reduce the % holdings of the small shareholders even further?

Steve Ferns
27 Posted 11/09/2018 at 18:38:40
Yes it would, Bill. The EBM guys seem certain it will happen.
Brian Murray
28 Posted 11/09/2018 at 18:43:07
We really are, or very soon will be, a serious threat to the Sky so-called Big Four.

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!

Dan Davies
29 Posted 11/09/2018 at 18:56:02
I wonder if there was a caveat put in place by both parties when Mr Moshiri bought his first tranche of shares, concerning a certain percentage of shares being bought by Mr Moshiri once certain criteria was met?

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!

Clive Rogers
30 Posted 11/09/2018 at 20:09:58
Dan, yes there was but on a timescale rather than any progress criteria. The next one is next year when he can buy the rest of Kenwright’s shares I think. This was always going to happen as Moshiri, if he puts money into the club and the new ground, will want the bulk of the eventual returns, rather than just half with his 49.9%. Seems fair to me.
Steve Ferns
31 Posted 11/09/2018 at 20:31:37
The Esk On twitter says Everton have a new company for the stadium.
Steve Smith
32 Posted 11/09/2018 at 20:35:06
If memory serves, it was always the case that Mr Moshiri would take a controlling shareholding in the club, and I also think it was due to happen earlier in the year. Mr Moshiri has always been the decision-maker, even when he had 49.9% because it was his money that the club was spending anyway.

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.

Jimmy Hogan
33 Posted 11/09/2018 at 20:45:16
Steve Ferns #31, Makes sense.
Joe O'Brien
34 Posted 11/09/2018 at 21:08:46
Would it be better for Usmanov if he was to provide the steel for the new stadium to not invest in us and just stay a supplier, or the join Moshiri and still provide the steel? Or would it make any difference? Would any of ye business people know?

That could give us a big hint if he was to come on board.

Jerome Shields
35 Posted 11/09/2018 at 21:29:55
Moshiri is increasing his control of Everton, before further investment takes place, for the new stadium. He is likely to increase his control further as his investment increases. Why should other shareholders benefit from his financing the investment and a resulting increase in value of their shares? I think that Kenwright's days are numbered,
Andy Williams
36 Posted 11/09/2018 at 22:18:02
Perhaps Moshiri can be the first owner/player as we're rapidly running out of a squad – Calvert-Lewin injured now.
Dan Davies
37 Posted 11/09/2018 at 22:35:57
Kenwright's days are numbered and, to be fair to the old boy, he's played the game well and made a small fortune for himself!
Julie Naybour
38 Posted 11/09/2018 at 22:51:27
I personally do not understand the vitriol that appears on here – about many things – but especially our own. (In relation to Tom Davies, how people can boo a young lad and potentially damage his confidence, is beyond me.) And in relation to this thread, I think it will be a sad day when Kenwright steps down completely.

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.

Paul Birmingham
39 Posted 11/09/2018 at 23:03:37
As I recall when the take over was completed, this was a scheduled plan. He's consolidated his ownership and now many questions about what, how, why and when.

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.

Dan Davies
40 Posted 11/09/2018 at 23:08:02
Never known it so quiet on TW. A momentous day ignored by the usual suspects... hahaha!
Laurie Hartley
41 Posted 11/09/2018 at 23:38:54
Joe # 34 - in answer to your question about Usmanov and Everton. While the cost to supply the steel content of a the new stadium might seem a huge amount to you and I, to Usmanov it would be small change and a short term investment.

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.

Joe O'Brien
44 Posted 11/09/2018 at 00:15:01
Cheers, Laurie, For that information. Some interesting points. No doubt they've got all this mapped out for it to be revealed slowly (but surely) to us.

Exciting times ahead.

Brian Murray
45 Posted 12/09/2018 at 00:17:50
Hugh Jenkins (#38). With all this decisive and professional great news, it's usually a given for Everton to pull the rug on the pitch at the weekend. Regarding young Hornby, he should at least now be on the bench especially with Calvert-Lewin injury.

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.

Jamie Crowley
47 Posted 12/09/2018 at 01:52:20
Is anyone else as happy about this as I am?

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.

Victor Yu
48 Posted 12/09/2018 at 02:55:16
Usmanov isn't coming.

He likes control. There is no way he would accept being a partner with no control.

Stephen Davies
49 Posted 12/09/2018 at 03:37:38
Victor (#49),

You mean just like USM and the holding company they shared when they both had their Arsenal shares... that kind of control?

Laurie Hartley
50 Posted 12/09/2018 at 04:14:20
Victor # 48 - you could be right about Usmanov wanting control but Stephen @ 49 raises the valid point that Usmanov has “shared” with Moshiri in the past.

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.

Victor Yu
51 Posted 12/09/2018 at 06:37:11
The main reason for Usmanov to leave Arsenal is that he can't get control and eventually he gives up.

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.

Lee Whitehead
52 Posted 12/09/2018 at 07:10:25
Julie @ 38

Well said!!!!!

I couldnt have put it better myself.

COYB

Bobby Mallon
53 Posted 12/09/2018 at 07:29:23
Victor Yu @48, you always have a miserable outlook. My guess is that Usmanov has had this planned for years and Moshiri is just a front.
Hugh Jenkins
54 Posted 12/09/2018 at 08:12:16
Victor (#51),

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.

Colin Glassar
55 Posted 12/09/2018 at 08:12:32
What fantastic news and, it's the first time I've read an entire thread on TW in ages. Apart from Victor being a miserable twat, everyone else seems to be brimming with positivity.

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!

Victor Yu
56 Posted 12/09/2018 at 08:16:03
Getting Bill further and further way from the club is the right step forward for sure.
Bobby Mallon
57 Posted 12/09/2018 at 08:22:36
Colin @55 well said.
Tony Everan
58 Posted 12/09/2018 at 10:48:30
Colin (#55),

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.

Jim Potter
59 Posted 12/09/2018 at 10:57:31
Seems like good news and, who knows, maybe a long term joint plan with Usmanov is coming to fruition?

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!

David Israel
60 Posted 12/09/2018 at 11:28:42
If Bill Kenwright has sold half his shares then, by my reckoning, Lord Grantchester (whom we might call 'the sleeping shareholder') is now probably the second largest shareholder.
Dave Abrahams
61 Posted 12/09/2018 at 11:30:13
Victor (48), it's not often you are right... but I think you are wrong again!!!
Steven Jones
62 Posted 12/09/2018 at 11:44:00
Julie @38 - Spot On!!
Brian Williams
64 Posted 12/09/2018 at 12:22:31
Colin (#55).

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.

Jer Kiernan
65 Posted 12/09/2018 at 12:51:30
Anybody clinging on to the sentimental Kenwright era needs to realize that, if we ever wanted to compete again, we need to become a big money club or die. Simple as that

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.

COYB

David Israel
66 Posted 12/09/2018 at 12:55:03
Chris (#15) and Joe (#16), as Everton are not a public company, I don't think the compulsory buying of shares applies. Anyone can hold on to his shares.
James Hughes
67 Posted 12/09/2018 at 13:12:50
I thought the reason Usmanov sold his shares in the Arsenal was because Kroenke wouldn't give him a seat on the board? A sort of USA v USSR cold war type stand-off, rather than Usmanov wanting control.

Football clubs are just an investment to these level of people. They will expect a return

Stephen Davies
68 Posted 12/09/2018 at 13:14:17
Jim #59

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.

Paul Bernard
69 Posted 12/09/2018 at 13:15:04
To be fair, I don't think Victor is being a miserable git as some suggest, he has a valid point that Usmanov may want full control of the club he invests in. However, I agree with the majority that the relationship he has with Farhad makes investing in Everton a much smaller issue than it would be at some other clubs.

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.

Steven Jones
70 Posted 12/09/2018 at 13:21:33
Jer @65 – Yep, we have stagnated under his steerage... just like Leeds, Portsmouth, Aston Villa. He has steered us to where we are now – secured a big money investor, rescued the club from dire position in mid 90's, stabilized, worked with Moyes to get us top half and away from relegation.

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.

Paul Bernard
71 Posted 12/09/2018 at 13:28:41
Ste Jones @70, I too am not exactly a Kenwright worshipper, I think he has many faults, but he always said he would find the right buyer – which he has. Some of us are aware that Venky's were chased before buying Blackburn for example.

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.

John G Davies
72 Posted 12/09/2018 at 13:51:21
Paul, Steven.

Bill Kenwright found the best buyer for Bill Kenwright.

Lee Paige
73 Posted 12/09/2018 at 14:19:01
I wonder if Usmanov is to be involved, more than he currently is, what form will it take? I can see Everton building the stadium with the council's help and then Usmanov sponsoring the stadium, it would be the best way to increase our financial might in the transfer market.
Steve Ferns
74 Posted 12/09/2018 at 15:46:53
I think people mistake Moshiri for a Bill Kenwright type figure. Everton is not Moshiri's sole interest. He does not live and breathe us. He has other business ventures and he has other passions. Remember, he lives in Monte Carlo, not in the UK.

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?

Paul Bernard
75 Posted 12/09/2018 at 17:21:51
John G @72, I understand that some people feel Kenwright is a charlatan, but if he wanted to do what was best for him personally, he would've sold to anybody he could who flashed the cash – again Venky's being the prime example.
Dave Williams
76 Posted 12/09/2018 at 17:27:03
John, yes, Bill has made a lot by selling but why shouldn't he? It's not the club's money he is taking and he deserves some reward for the stick and abuse he has taken. Whatever his critics say, he stepped in when there was no-one else and improved us to the point of being Top 7 but did not have the resources to go further.

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!

Brian Williams
77 Posted 12/09/2018 at 17:30:13
John (#72).

Sorry mate – that's bullshit!

Brian Murray
78 Posted 12/09/2018 at 17:36:51
Paul Bernard (#75).

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.

John G Davies
79 Posted 12/09/2018 at 17:43:28
Brian (#77).

No need for apologies, mate. Can you explain why you think it's bullshit?

John G Davies
80 Posted 12/09/2018 at 17:47:38
Paul (#75).

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.

Dave Williams
81 Posted 12/09/2018 at 17:50:24
John, who made an offer which should have been accepted?
David Israel
82 Posted 12/09/2018 at 17:54:58
Colin #55, great post! I hope to meet you at the 2024 Champions League Final at Bromley-Moore Dock Alisher Stadium, where we'll be playing Barcelona. I'm certainly jumping on to that bandwagon!
John G Davies
83 Posted 12/09/2018 at 17:56:06
No idea, Dave (#81)...

What makes you ask?

Brian Williams
84 Posted 12/09/2018 at 17:58:28
John G #79.

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.

Dave Abrahams
85 Posted 12/09/2018 at 18:11:51
John G (80), I have always wondered how much the shares cost when Kenwright bought them and where he got the money to pay for them, that has never been satisfactory been made clear.
John G Davies
86 Posted 12/09/2018 at 18:14:38
It's opinion Brian.
Your analogy of the charity shop and carrying the old lady is moot.

John G Davies
87 Posted 12/09/2018 at 18:17:25
Dave,

Didn't he put it out that he mortgaged his house to buy the shares?
Only to refute it later on down the line

Dave Abrahams
88 Posted 12/09/2018 at 18:20:50
John G (87), he must have been living in St George's Hall.
David Israel
89 Posted 12/09/2018 at 18:55:26
Dave #85, Bill Kenwright, in all likelihood, borrowed the money from Philip Green. But what does that really matter?

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.

Colin Glassar
90 Posted 12/09/2018 at 19:28:31
Dave, I’ll see you there mate. 2024 here we come!!
Dave Williams
91 Posted 12/09/2018 at 19:49:32
David Israel, well said. Can we not move on from slagging off people and focus on what looks like being a very exciting future?

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?

Tony Everan
92 Posted 12/09/2018 at 20:41:29
Dave

If you do the climbing, I'll buy the paint!

Dave Williams
93 Posted 12/09/2018 at 21:22:44
Tony, if it happens, I will levitate to the top with the paintbrush!
Dave Abrahams
94 Posted 12/09/2018 at 22:05:37
David (#89), I think where the money came from, with which Kenwright bought his shares, matters a great deal, because it has never been established where it came from, and the likelihood it came from Phillip Green doesn't explain it at all.

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.

Dave Williams
95 Posted 12/09/2018 at 23:20:18
Dave A, I wouldn't rank what David posted about Johnson as a slagging off. Yes, Johnson was well known as a red originally but he did his best for us and just got to a point where he wasn't prepared to back us financially any further.

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!!

David Israel
96 Posted 13/09/2018 at 01:54:48
Dave #94, as long as Bill's money didn't come from the Kray twins, which I don't think it did, I stick to what I said about its origin.

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.

Alan J Thompson
97 Posted 13/09/2018 at 06:24:10
Based on the piece by Lyndon Lloyd at the time, I've often wondered why interest in Everton was suddenly moved to Man City and after Mr Moshiri's interest, I've assumed it was because they wouldn't agree to Bill remaining as Chairman, albeit only for an agreed time after which the largest shareholder would become the majority shareholder.

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.

Steve Brown
98 Posted 13/09/2018 at 08:03:07
Wherever Kenwright's investment came from (none of it was from him despite the fatuous claims he made about mortgaging his house), what is clear is that he never invested a further penny in the club and has already walked away with £30 million from the sale of his shares. He probably could buy St George's Hall now.
Dave Abrahams
99 Posted 13/09/2018 at 11:01:34
Dave (95) and David (96), I have no arguments with either of you. From your posts, I recognise you as genuine Evertonians. In Dave's case, I admire you because you make the effort to see the Blues from a long way.

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.

Brian Wilkinson
100 Posted 13/09/2018 at 11:10:49
Brian @84, Bill give all his share profits to charity, now that did make me chuckle.

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."

Paul Bernard
101 Posted 13/09/2018 at 11:55:03
John G (#80),

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.

John G Davies
102 Posted 13/09/2018 at 12:12:36
Paul 101,

Me neither.

When you say "I was present with my grandad and his accountant who has ties to Everton through his wife" — Where were you present?

John G Davies
103 Posted 13/09/2018 at 12:24:06
Just to add, Paul.

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.

Steve Ferns
104 Posted 13/09/2018 at 12:49:26
Alan (#97) the allegation levelled at Usmanov for owning both Arsenal and Everton was this: that he gifted Moshiri the money to buy shares in Arsenal, and that Moshiri sold Usmanov his Arsenal shares, and that Moshiri used that money to buy Everton. Therefore, the allegation is that Moshiri bought Everton using the money given to him by Usmanov.

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).

Brian Harrison
105 Posted 13/09/2018 at 13:09:38
I find the fans today are far more interested in who the Chairman is, where he earned his money, and a myriad of other criteria. When I started watching Everton back in the 50s nobody was bothered who the chairman was, and quite often it was a local businessman. Probably the interest of fans in club chairman is because the game today is a business and those with the most money win most of the trophies.

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.

Steve Ferns
106 Posted 13/09/2018 at 13:56:49
Brian, 40 years ago, if we produced the number of England internationals that we have from the academy (in the last 18 years) and then those we signed like John Stones, Leighton Baines, Phil Jagielka, and those we spent big on like Romelu Lukaku, then we'd be winning trophies.

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.

Tony Everan
107 Posted 13/09/2018 at 18:25:59
Steve (#104),

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.

Steve Ferns
108 Posted 13/09/2018 at 18:27:34
Tony, haven't we moved past the council? I thought Joe Anderson was copping too much flak and Everton were going down an alternative route for finance?
David Israel
109 Posted 13/09/2018 at 22:33:53
Dave (#99), don't get me wrong. I'm no fan of Mr William Kenwright. I was just trying to put things into perspective because too many of us seem to forget what went on before him. That's all.

COYB

Jay Harris
110 Posted 13/09/2018 at 23:17:22
Brian,

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.

David Israel
111 Posted 14/09/2018 at 00:49:14
You're quite right, Jay. We could also add the names of Manny Cussins, Sam Longson, Brian Mears, Louis Edwards and Peter Swales, to name but a few. Everybody knew who they were.
Paul Bernard
112 Posted 14/09/2018 at 09:46:54
John G (#102),

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.

Stan Schofield
113 Posted 14/09/2018 at 09:53:24
Brian @105 and Steve @106: I suspect interest in who the chairman is etc, has more to do with age and maturity than anything else. Evertonian kids are likely focused only on the players and performances, whilst older supporters like us analyse all the other stuff.

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.

Dave Abrahams
114 Posted 14/09/2018 at 12:53:37
David (109), you could also say: two wrongs don't make a
right.
David Israel
115 Posted 14/09/2018 at 17:27:17
Right you are, Dave!
John G Davies
116 Posted 14/09/2018 at 17:55:28
Paul,

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?

Raymond Fox
117 Posted 14/09/2018 at 21:11:54
I've only just seen the thread and I was going to say I wouldn't be surprised if Usmanov was involved in Moshiri's extra investment as well as his initial purchase of 49.9% of Everton shares.

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!

Add Your Comments

In order to post a comment, you need to be logged in as a registered user of the site.

» Log in now

Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site.