Report claims Treasury are 'reviewing' Moshiri's finances

31/05/2023 177comments  |  Jump to last

According to information received by The Guardian, the Treasury's "sanctions police" have been investigating the finances of Everton's majority shareholder, Farhad Moshiri, in light of his long-time association with Alisher Usmanov.

Usmanov, the Uzbek-born billionaire, was sanctioned last year by the United Kingdom, European Union and United States following Russia's invasion of Ukraine and was barred from entering Britain a few months earlier in September 2021 having been deemed by the Government as “not conducive to the public good”.

Moshiri's deep ties with Usmanov have made him a "person of interest" to the Office of Financial Sanctions Implementation (OFSI) and the Guardian's Simon Goodley suggests that it was the concerns raised last year by Everton's auditor, BDO, that led to OFSI being notified about potential irregularities.

The implications of the investigation for Moshiri and Everton FC aren't fully clear but his representatives have notified the newspaper that he has hired an expert sanctions lawyer at Peters & Peters, "one of the UK’s largest law firms".

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In an echo of the situation at Chelsea where Roman Abramovich was forced to sell without receiving any of the proceeds, Goodley raises the possibility that an offer of investment or buy-out of Everton "would result in Moshiri losing control of the club without being paid a penny" if he, too, is subject to punitive measures by the Government or if it could be proved conclusively that Usmanov's money directly funded his shares in the club.

The club are in negotiations with MSP Sports Capital about a £100m-plus investment that would fund part of the remaining construction costs on the stadium at Bramley-Moore Dock but talks over a full takeover with 777 Partners came to an end this month.

The report is the latest from the Guardian raising suspicions about the true source of the money that Moshiri has ploughed into Everton which began with the leak of the Paradise Papers six years ago that seemed to indicate Moshiri's shareholding in Arsenal, the proceeds from the sale of which he used to buy the Blues, had been a gift from Usmanov.

Moshiri has rejected the allegation in the same way he has strenuously denied claims that it is Usmanov who effectively owns and controls Everton and that the oligarch was in attendance during interviews for managerial candidates like Rafael Benitez and Frank Lampard.


Reader Comments (177)

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Barry Hesketh
1 Posted 31/05/2023 at 13:24:53
The Guardian 'understands', it has been 'reported'...

In other words, Mr Goodley has made something up and continues to stir the pot, at least he's consistent.

Perhaps, there is a chance that any sale of Everton would be treated the same way as Chelsea last year, and Moshiri may have to wait for his pay-out?

Tony Shelby
2 Posted 31/05/2023 at 14:06:21
I've been banging the 'Moshiri is a front for Usmanov' drum for a long time.

It looks like the Office of Financial Sanctions Implementation has now joined the dots. Frankly, a kid with a crayon could have done so.

John Pickles
3 Posted 31/05/2023 at 14:06:59
If it is Russian money coming into Everton, the Treasury should promote it, not sanction it.

At the rate these clowns waste it, the Russian military will be bankrupt by Christmas.

Joe McMahon
4 Posted 31/05/2023 at 14:36:09
Yeap, supporting this club is an endless road of Unbridled Joy, Season after season!

Where does it end?

Michael Lynch
5 Posted 31/05/2023 at 14:36:53
Firstly, why have The Guardian got it in for us? They're like a dog with a bone.

Secondly, what is the deal they refer to in which Moshiri loses control of the club without being paid a penny? They throw that one in like a hand grenade but don't give any further details.

Alan Johnson
6 Posted 31/05/2023 at 14:37:22

Just when we thought things were being sorted out. When will this nightmare of a board go?

Brian Williams
7 Posted 31/05/2023 at 14:39:48

Basically, it would work the same as Chelsea, if it comes to the same conclusion.

So the club would be bought for however much and the amount paid would go to a charity. Chelsea's went to a charity helping Ukranians.

Moshiri would get nowt… if it turns out the same as Chelsea.

Ed Prytherch
8 Posted 31/05/2023 at 14:41:09
Michael @5,

They appear to be speculating based upon what happened at Chelsea.

I don't trust The Grauniad either.

Mike Gaynes
9 Posted 31/05/2023 at 14:41:38
Wow, that's quite an article.

Michael #5, agreed, this is the bombshell:

It is understood that an investment offer on the table would result in Moshiri – who is estimated to have ploughed £750M into Everton – losing control of the club without being paid a penny, according to sources close to the negotiations.

So is the part about Usmanov attending manager interviews. I'd be very interested to know who the interviewees are that have reported his presence there.

Michael Lynch
10 Posted 31/05/2023 at 14:44:15
Brian, yes I get that, but there's been no talk whatsoever of that happening, not a whisper until this.

I mean, if it's true, then it sounds absolutely fucking fantastic, but where has the rumour come from?

Brian Williams
11 Posted 31/05/2023 at 14:45:56
Does it really matter where the rumours come from if the facts are as published?

He's a Person of Interest – no surprise there.

He's hired top-class lawyers to defend himself – no surprise there either.

Dale Self
12 Posted 31/05/2023 at 14:46:40
Barry, thanks for pointing out Goodley is the writer. I'm not reading it.
Tony Abrahams
13 Posted 31/05/2023 at 14:46:40
Mere speculation but I think it was only a matter of time before Farhad Moshiri became a Person of Interest, simply because of Big Al.

If the treasury are reviewing his finances, then this is very worrying for Moshiri. My worry is that Bill Kenwright wants to give up his profit and get back to being Everton's owner, Aaaarrrrgggghhhh!

Christy Ring
14 Posted 31/05/2023 at 14:48:06
In my opinion, more shit from The Guardian.

Moshiri's link with Usmanov has been investigated at the same time as was done at Chelsea.

Mike Gaynes
16 Posted 31/05/2023 at 14:48:42
Brian, they wouldn't be reporting a "rumor" like this. They must be confident in their facts.

The other key point is... who is the possible purchasing party? Does MSP's exclusivity agreement with Moshiri figure into this process?

Andrew Keatley
17 Posted 31/05/2023 at 14:49:20
Joe (1)

I know! It's new low after new low. Although, having said that, I'm hopeful that this could actually end up being a rare spot of good news for the club.

I assume that much of this will have been bubbling away under the surface for months and months, hence why the club has had different potential buyers sniffing around. The situation with Abramovich at Chelsea will have shown the route for Moshiri to follow if he wants to attempt a graceful exit – if such a thing is at all possible.

I think it also indicates something that many of us have suspected from Minute 1 – that we've basically been owned by Alisher Usmanov since February 2016, and Moshiri has merely been Orville to Usmanov's Keith Harris.

Colin Malone
18 Posted 31/05/2023 at 14:51:11
If Usmanov was still involved, we wouldn't be looking for investment.

Qatar-owned clubs will be overlooked. Human rights don't matter.

Andrew Keatley
19 Posted 31/05/2023 at 15:02:42
Colin (18) – Usmanov is under sanctions. His money is no good right now. Or not money that can be directly linked to him anyway. More on that below.

Mike (9) – On the below quote:

"It is understood that an investment offer on the table would result in Moshiri – who is estimated to have ploughed £750M into Everton – losing control of the club without being paid a penny, according to sources close to the negotiations."

I read this to essentially mean that there is an investment offer that comes from another associate of Usmanov (or financial vehicle that he unofficially controls) which would ultimately mean replacing Moshiri with some other patsy, with Usmanov still holding the deeds to the club with no money changing hands. It's just musical chairs basically. That's why the Treasury getting involved could end up being a good thing as it might force real change.

Tony Shelby
20 Posted 31/05/2023 at 15:03:59
This is good news.

If they find any impropriety, the club will be sold and Moshiri the bag man will receive nothing from the proceeds.

The key is ensuring we get the 'right' new owners, although that is easier said than done, as we all know.

Soren Moyer
21 Posted 31/05/2023 at 15:04:19
We have been skint as fuck for the past 2 seasons!

We wouldn't be if the Fat Uzbek was involved with the club.

Dale Self
22 Posted 31/05/2023 at 15:06:14
Goodley already speculated about BDO. Is this where he presents evidence on why BDO balked? If not, he is somewhat snowballing here with little more than an advanced timeline when we already knew about the independent commission and the focus.

Oh gawd! Goodley wrote another article. Surely we are doomed! When will it end? Oh gawd!

Craig Walker
23 Posted 31/05/2023 at 15:11:04
In relation to the Profitability and Sustainability Rules, I don't follow all of the ins and outs of the finances at our club, and my recollections on the timing is hazy but a while back, Paul the Esk said he didn't think we had anything to answer for in that it was us that approached the Premier League and set out our financial position.

We highlighted the impact of Covid and, from what I remember, Paul indicated that they would be okay with our position. Pretty sure after that we sold both Richarlison and Gordon (I know we brought Onana in who was pretty expensive) but we also offloaded people like Jonjoe Kenny, Cenk Tosun etc.

What changed after this? I've heard rumours that it was the Dele Alli deal done during Lampard's first few days. Is this right?

I work with a couple of Leeds fans and they are mentioning our finances constantly. It now sounds like we have breached the rules and is it likely we'll get points deductions, transfer embargos and/or fines? What changed from The Esk thinking we had nothing to answer for?

Mike Gaynes
24 Posted 31/05/2023 at 15:29:57
Andrew #15, that's not how I read it at all.

If they're talking about an offer on the table based on information they are receiving from the OFSI, that means it would have to be a "clean" offer unconnected to Usmanov, one similar to the Todd Boehly transaction that took Chelsea away from Abramovich.

As Brian #4 points out, it would be reasonable to assume that a similarly approved process would be carried out to change Everton's ownership without Moshiri getting paid.

The thing is, that process couldn't be the minority investment that MSP was contemplating. Any buyer now would be taking the entire club, not just a piece of it. And if it's MSP's offer that's on the table and they're assuming full ownership, you're going to hear a yell from this Yank as loud as when the final whistle blew on Sunday.

All of this is wild guesswork and supposition based on The Guardian's nonspecific facts, but I believe Tony may be right – this could be the best news the club could hope for right now.

And... more wild guessing here... it could be why the anticipated Board announcement hasn't come.

Philip Bunting
25 Posted 31/05/2023 at 15:31:32
I gifted my misses a watch...

Does that mean the watch is still mine?


Fran Mitchell
26 Posted 31/05/2023 at 15:33:46
Why do people see it as 'The Guardian have it in for us'?

Us fans have had major concerns about the financing of the club. And we've moaned that the mainstream media haven't investigated the shitshow ownership of the club. When they do, it's viewed as some sort of vendetta.

The reliance on Usmanov's sponsorship was loud and clear. Since he's been sanctioned, our situation has gotten remarkably worse. There is something dodgy about it all.

Hopefully this leads to an end of this absolute disgrace of an ownership that has dragged us from being a couple of players away from a regular Top 5 club, to the brink of liquidation.

Jamie Crowley
27 Posted 31/05/2023 at 15:35:32

This is all wild supposition. If MSP backdoors this club, it'll be the best backdoor job ever. Read into that what you will.

But this is all out in left field. This reads more to me like a shitty tabloid piece with half-truths and assumptions rather than real news.

Trump would be proud of this piece, fake news and whatnot. 🙄

Mark Ryan
28 Posted 31/05/2023 at 15:39:03
I just want this nightmare to end. Wake me up when Kenwright is gone and Moshiri has sold.

This needs to all happen yesterday otherwise next season is another shambles.

Mike Gaynes
29 Posted 31/05/2023 at 15:43:30
Jamie #23, of course it's wild supposition on our part, and why not? It's a lot more fun than speculating about who's going to play left-back on Sunday or which muscle Dom pulled this time.

But, as nonspecific as the report may be, I've found The Guardian to be pretty damned reliable.

Barry Hesketh
30 Posted 31/05/2023 at 15:45:10
According to the Lightning Seeds namesake, Ian Brodie for the Monaco News Daily:

Moshiri has hired a sanctions expert at one of London's top law firms, Peters & Peters, according to the Guardian newspaper.

Sanctioned Russian oligarch Roman Abramovich was prevented by the UK government from benefiting financially from the sale of the London club and it has been reported that Moshiri is in talks with a possible investor on the same terms. Moshiri has himself invested about £750 million into the Liverpool side, which has just escaped ignominious relegation from the Premier League.

However, if the Iranian-born financier loses out at Everton, he owns UK property valued at more than £100 million, including Liverpool's landmark Royal Liver Building. According to the Sunday Times Rich List, he is worth £1.6 billion, while Forbes has estimated the figure at $3.1 billion.

Peters & Peters describe themselves as specialist lawyers for heavyweight international disputes. “Clients come to us in serious situations, where reputation, livelihood and liberty are at risk,” the firm's website claims.

Monaco resident faces exiting for zero

Alex Gray
31 Posted 31/05/2023 at 15:45:46
At this point, is there any legal action we can take to stop this endless witch-hunt?

We have clubs owned by corrupt countries yet we are the only club being looked at lately.

Michael Lynch
32 Posted 31/05/2023 at 15:46:38
As Mike points out, the article suggests that "a source" close to the negotiations is suggesting that Moshiri will hand over the entire club.

MSP has an exclusivity agreement in place, so right now they're the only ones negotiating, and they're only looking to make an investment, not buy the whole shooting match.

So someone is telling porkies? Either The Guardian (quite possibly, as they often seem to have an agenda these days) or the club (equally possible as they are completely lacking in credibility at the moment)?

Dale Self
33 Posted 31/05/2023 at 15:51:44
FYI, The Guardian switched up some senior positions following the Greenwald articles and are simply not a continuation of previous publication standards.
Andrew Keatley
34 Posted 31/05/2023 at 15:52:59
Mike (22),

I am guessing wildly too, so you may well be right. It is all very opaque. But with Moshiri under review, then what does that really mean in terms of restrictions or sanctions when it comes to selling the club right now?

I find it hard to believe that Moshiri would accept investment in the club that would not see him receive a penny while losing control of the club – unless a) he's never actually been the real owner, or b) his hands are tied by the investigation and that he just wants out of this whole toxic mess before it gets even worse.

My problem is that I only see Moshiri as a sycophantic marionette. I'd be beyond flabbergasted to find out that he ended up sinking around half of his own personal wealth into this football club. But Usmanov funnelling 4% of his wealth into the club via his willing teat-pipette... very believable.

Stephen Vincent
35 Posted 31/05/2023 at 15:53:22
The article also says that Moshiri owns the Royal Liver Building whereas he owns I think 12.5% of a German Property Company that owns the Royal Liver Building.

Remember the Phillip Green debacle, when Wyness resigned on a point of principle? Well, if Barrett-Baxendale or Ingles or Sharp had one iota of self-respect, they would do likewise. Kenwright being involved in both is beyond redemption.

The point that I find most interesting is that Moshiri has had his UK bank account closed, I know that this hardly inconveniences him at all but it must be awkward when speaking to potential investors… and what will those investors find when they carry out their due diligence?

Brent Stephens
36 Posted 31/05/2023 at 15:55:25
The Guardian won’t be reporting this purely as a guess. Not their style of journalism. They will have a source. Whether that source is ultimately correct is another matter.
Len Hawkins
37 Posted 31/05/2023 at 15:59:25
I read that Usmanov was in Court in Germany last week suing the German Government for the loss of his QE2-sized yacht which was in Hamburg for repairs when the sanctions came into force.
Kieran Kinsella
38 Posted 31/05/2023 at 15:59:48
This is potentially worse than Abramovich as he was perfectly legal until he wasn't. They seem to be implying Moshiri is still involved with Usmanov who is now a sanctioned individual.

My hope is this. Everton have some commercial activities in the USA. They also have harsher laws around this kind of thing. If Kenwright and Barrett-Baxendale are operating an enterprise that has money from sanctioned individuals involved, then get them deported to the US to stand trial for wire fraud, and nail them under the Racketeer Influenced and Corrupt Organizations (RICO) Act.

Charge them both, with Moshiri and Sharp, throw in a few makeweights as well who took dirty money, like Tom Davies, Francis Jeffers and Andre Gomes and lock them all up for 20 years to life.

Sell the club, use the sale proceeds to payoff debt, fund stadium etc. Then the new owners will have a free hand to operate it without such financial constraints.

Ken Kneale
39 Posted 31/05/2023 at 16:00:33
I think we need The Esk to interpret all this for us.
Brent Stephens
40 Posted 31/05/2023 at 16:01:06
Jamie #23,

I love you, mate, but you're way off the mark.

Barry Hesketh
41 Posted 31/05/2023 at 16:02:24
If The Guardian article is correct, then it possibly leaves Everton in a state of limbo and that's not what is needed right now. It doesn't help us in funding the new stadium and it certainly doesn't help with our recruitment.

Last summer was important, but we messed that up badly; we can't afford to mess up this time, even if there's mitigating circumstances surrounding us.

Jamie Crowley
42 Posted 31/05/2023 at 16:02:33

Any chance the source is Kenwright? Wouldn't that be in character?

Steve Brown
43 Posted 31/05/2023 at 16:03:55
Goodley has been pushing variations of the same story for 12 months on the Everton ownership model.

Jamie Crowley
44 Posted 31/05/2023 at 16:05:35

You think there's legs in this? It seems a poo-tossing, sell papers thing to me.

Maybe there is truth in the investigation of Moshri. My stance would be let's see, after high-power lawyers get involved, if there's actually any sanctions. I doubt there will be.

We live in a two-tier justice system, and there's no Russian invasion involved with this investigation, and no-one who's Russian to kick out. I see this going nowhere.

Could be wrong. Remember, Brent, I thought we'd be playing footy in a month when Covid hit! Of course, I was correct in the main with the massive overreaction and we should have been playing, but that's a conversation for another time. 😜

Jimmy Salt
45 Posted 31/05/2023 at 16:06:34
And so it begins…
Brent Stephens
46 Posted 31/05/2023 at 16:09:09
Never in a million years, Jamie.

This “rag” and its reporters receive top investigative journalism awards, year-in & year-out. The piece says in several places that it “understands that…”; so it's not being reported as fact yet, just some information suggesting…

But it has me worried it's true.

Dale Self
47 Posted 31/05/2023 at 16:10:53
Apologies to Mike Gaynes who as a sports journalist doesn't need me to advise on following editorial board changes. I meant that for general readers. Poorly phrased.

And Brent, I refuse to read Goodley. Are you convinced he has the goods here? Given that it is a source, does he come good on other speculative exposes?

And a general request: as we wade through the waves of shite once again, please phrase opinion positions with consideration so someone like me doesn't read it as a call to correct the record.

Barry Hesketh
48 Posted 31/05/2023 at 16:13:08
It's written in the stars:

Bill Kenwright will purchase Everton for a pound…

MSP or another investor will complete the stadium and rent it back to us at some exorbitant fee…

Bill will appeal to the authorities for a 3-year ban on incoming transfers… and all will be well with the world.

Mark Ryan
49 Posted 31/05/2023 at 16:13:34
Kenwright: "I found you a Billionaire, didn't I?"

He'll be ruing the day he ever met the joker. Mind you, so will Farhad.

The stars really aligned that night. I bet it was like Bill & Ben's first-ever meeting by the potting shed… Flubba-dub!!

Mike Gaynes
50 Posted 31/05/2023 at 16:16:57
Andrew #30,

If these allegations are correct, Moshiri wouldn't have a choice, any more than Abramovich did. Moshiri's sole advantage would be that, unlike Abramovich, he isn't a sanctioned person and his properties aren't being confiscated. And the government may be telling him that if he wants to stay that way, he'd better settle the Everton issue. Again, wild speculation.

Kieran #34, that sounds like a decent plot for a miniseries on HBO. However, after 38 years of trying to buy an Everton shirt in an American store, I can confirm the club has no commercial activities in the USA. None. Zero.

Personally, I would waive charges against Tom Davies in favor of the forced extradition of Schneiderlin on charges of international fraudulent impersonation of a footballer. And maybe Holgate for occasional sabotage.

Brent Stephens
51 Posted 31/05/2023 at 16:23:27
Dale, he's being cautious, advisedly and advised, I'd guess. This might or might not have legs.

The paper seeks to attract and keep readers by sound investigative journalism among other things; it's not in the business of making something out of nothing. We'll have to wait and see.

Raymond Fox
52 Posted 31/05/2023 at 16:24:38
There's not usually smoke without fire, but how much of this is true though remains to be seen.

It is worrying, we are trying to dodge bullets right, left and centre.

Paul Kossoff
53 Posted 31/05/2023 at 16:26:21
Apparently Everton's auditor, BDO, stepped away from signing off the club's accounts last year when they found irregularities in the finances – a decision sources said was related to the ownership of the Premier League team.

And it was BDO who reported Everton to OFSI.

Mike Gaynes
54 Posted 31/05/2023 at 16:27:26
Barry #37, call me an optimist but I think the timing is absolutely perfect. If this had to happen, the time for it to happen is right after the season ends, when business is at a comparative standstill. Get it sorted now and the new owners can get rolling while the summer window is still open for business.

Dale, no apologies necessary. I haven't been a working sports "journo" in more than 30 years, but I do still work the journalism system from the outside and still have a pretty good idea how it works.

Jamie, love how you work in your politics and then call it a conversation for another day. Very subversive.

Barry Cowling
55 Posted 31/05/2023 at 16:41:11
Sniff-sniff, what's that smell? Oh yes, I know… it's yet another bullshit story from The Grauniad. Even if any of it is true, proving it is going to be nigh on impossible, just as with the Panorama story.

How long and how deep are the Treasury going to dig? I mean have you ever tried getting hold of anyone at HMRC, for instance???

Roy Johnstone
56 Posted 31/05/2023 at 16:41:35
One of the more interesting facets of Goodley's article is the request for more information from anyone who has it. WhatsApp number listed for Goodley and another secure method of sharing any shit you may have connected to the story.

Correct me if I'm wrong – I've seen it done in tabloids before, but not in The Guardian, and certainly not in his prior articles on this subject. Is he fishing or does he have anything concrete?

Dale Self
57 Posted 31/05/2023 at 16:45:04
Thanks, Brent and Paul, for the follow-up on BDO. I guess my cynicism doesn't compromise my belief in the mission and intentions of the editorial board. It is the world of sources and well-positioned writers that arouses suspicion.

I won't get out my list but there are obviously grey areas that get played. Over a lifetime, you see a few patterns and you hope it is contamination and not corruption, of course.

Pat Kelly
58 Posted 31/05/2023 at 16:46:34
Nothing new here. Moshiri has been getting nothing for his investment in Everton for years. Basically, he's a philanthropist.
Ian Hollingworth
59 Posted 31/05/2023 at 16:57:21
If any of this is true, then Everton FC presumably stands still again whilst it is all played out over a presumably protracted length of time that will have BK making certain announcements in August.

"The board fully forgives our loyal supporters and we are happy to return to Goodison for the final season at our spiritual home."

"He's one of us Seamus and he's signed a 3-year deal."

"With the uncertainty of the situation with our owner, it's time for all us Evertonians to come together as one."

"Calvert-Lewinis fit as a fiddle and it's like a new signing."

"We will sign a striker."

"Our magnificent new home at Bramley-Moore Dock will be the start of a new era of dominance for Everton FC."

"I am still the greatest ever Evertonian."

Tony Abrahams
61 Posted 31/05/2023 at 17:10:28
There is many a true word said in jest, Pat, but it's probably a lot easier being a philanthropist with another person's money, and especially when you are getting egged on by the main player in this whole sorry affair.

When the sanctions hit Usmanov, the man who just kept on giving was suddenly out there by himself, walking in a storm, and on the day he invited outside investors to watch a game, his cynical chairman and his nepotistic friends decided to create a massive subterfuge, which means that when Jamie asked such a ridiculous question @38, he actually might not be far from the truth, that is usually stranger than fiction!

Jerome Shields
62 Posted 31/05/2023 at 17:21:13
It was going to be a long summer. Now it has turned into going to be a long year or two. The one saviour was that Moshiri had not been involved in government investigations that could lead to sanctions.

He now appears to have hired a specialist sanctions law firm, being allegedly a Person of Interest. This is reported to have arisen as a result of the Auditor's Report in the Final Accounts.

A business that loses money every year and has an Auditor'd Report questioning viability would be put under investigation by the Inland Revenue anyway, on the basis of it not being a viable business; why is it continuing and for what reason?

Obviously the government wants to collect taxes on profits and is in other like-for-like businesses. This may result in other government departments getting involved once a risk has been identified.

Actually, Moshiri jumping the gun allegedly appointing a specialist sanctions law firm says a lot about where he thinks it is going to end up. This may have been ongoing for some time. This complicates the independent commission who wíll be looking over their shoulders at what the government is likely to find.

I can't see Kenwright resigning or his Luvies following suit any time soon. He will not be able to resist getting his snout in the trough from such a fallout if this has legs. With a bit of luck, he will end up in the trough as a close associate of Moshiri and a dreaded Person of Interest.

You can only keep so many balls in the air at once. It is a good job Everton avoided relegation.

Habib Erkan Jr
63 Posted 31/05/2023 at 17:21:32
Kieran #34,

I live in Texas and have purchased an international membership each year since the program's inception.

Does that count as commerce in the USA?

Dale Self
64 Posted 31/05/2023 at 17:24:11
Okay, now that we are on to the good stuff: pure speculation, I'm thinking this is jawboning by the independent commission using Goodley as a mouthpiece.

You know there is little desire to talk about Russian money in total. We would just like to keep it and the accrued returns while all those baddies just leave. Ta Da.

Until the source is named as an official of some sort, they invite speculation I suspect this is for an audience of one given that line reading roughly "could leave with zero". That says "Wrap it up, Moshiri" quite clearly.

Kevin Molloy
65 Posted 31/05/2023 at 17:35:17
He's a shrewd bugger, Usmanov. Why have a Moshiri? For precisely this situation. They'll never be able to prove he's a patsy.

I reckon this is just the UK government's attempt to try and push him out the door, by dropping these hints. they are hoping he does an Abramovich and just sells up, cos they don't want Russian money invested in UK infrastructure projects.

Could work… depends on whether Usmanov wants to cash out, and what sort of deal MSP are offering.

Kieran Kinsella
66 Posted 31/05/2023 at 17:45:14

Definitely. Send your receipt to the DA and we can have the Texas Rangers haul Kenwright off to Angola.

Mark Taylor
67 Posted 31/05/2023 at 17:46:10
I wouldn't trust The Guardian further than I can throw it – any no more than I'd trust any other newspaper. They all have their agendas. One big one for The Guardian is 'offshore', of which as a type, this is.

That said, I have also taken the 'if it walks like a duck, quacks like a duck, it's likely a duck' interpretation. I wonder how a jobbing accountant, albeit a high-level one, can suddenly become a multi-billionaire and afford to risk not all that far short of a trillion on a footie club, without the very direct largesse of a super-rich individual?

Whether it can be proven is quite another matter. I imagine, as with Abramovich, the government will be concerned that any proceeds would find their way back to the Uzbecki, which I suspect they very probably would.

It seems to me no good news here. Unless there is a very clear smoking gun which hasn't emerged yet, we are likely to be in stasis for months, if not years. Not what we need at the moment...

Joe Corgan
68 Posted 31/05/2023 at 17:47:19
I don't know why some fellow posters see this as a vendetta against Everton, coming from The Guardian.

Moshiri is a dodgy fella, who deals with other dodgy fellas. And he's done us absolutely no favours.

I keep seeing that he's ploughed '£750M in to the club'. The actual numbers say that we have a net spend of £220M over 8 years. Or £27.5M per season.

Our revenue is the 10th largest in the Premier League, behind clubs like Leicester (new stadium) and Leeds, who spent 14 years in the Championship and below. If he'd done a better job with the commercial side of the club, it probably could have funded that net spend itself, without the P&S issue cropping up!

And as for financing the new stadium, he's hardly doing it out of the kindness of his heart. He'll make a tidy profit from it eventually, as he will when he one day sells the club. He's not an angel investor, sent from the stars. Under his ownership, we've been a financial and footballing train wreck.

If Moshiri's backing is all dandy and above board, there's nothing to worry about. If, indeed, he's sourcing sanctioned cash to fund either the team or the stadium, then I, for one, am glad that The Guardian are bringing it to light.

Regardless of where his cash comes from and how much of it goes into the club, he, every bit as much as Kenwright, is responsible for the absolute shitshow the club currently is both on and off the field.

Jimmy Hogan
69 Posted 31/05/2023 at 17:48:50
Moshiri should have stuck to accountancy. He must be the most feeble entrepreneur in the history of business.
Andrew Ellams
70 Posted 31/05/2023 at 17:49:20
I'm not sure why The Guardian is getting stick here?

This is happening, Moshiri has hired lawyers who specialise in cases like this and a media outlet has just reported on it.

Alan J Thompson
71 Posted 31/05/2023 at 17:50:06
It's just a cunning plot to distract the independent commission.

Moshiri will now say that there was an agreement that an investor was to come in and turn a loan into shares and Everton would be out of debt but with this involvement of OFSI the deal is now in doubt so allowances similar to those for COVID should apply.

The one weakness in the plan is that Bill had been planning a musical with the same storyline — hence his absence from Goodison.

Nah, they ain't clever enough to pull it off.

Colin Glassar
72 Posted 31/05/2023 at 17:55:50
This is like a bloody Greek tragedy… and to think I was over the moon, initially, with the Moshiri - Usmanov takeover.

Never in a million years did I think it would end up like this. But I suppose this is the Everton Way. We seem to have a self-destruct button built into our DNA.

Larry O'Hara
73 Posted 31/05/2023 at 18:23:51
The Guardian as usual: they are tax-evading scum.

And of course they suppressed their own ‘Me Too' moment with Nick Cohen (The Octopus) — we had to wait for the New York Times to break that story….

Mike Gaynes
74 Posted 31/05/2023 at 18:37:08
Colin #68, blame Putin.

If he doesn't invade Ukraine, there are no Russian sanctions, Usmanov's shady money is movable and still considered (more or less) legit, and the worst problem Moshiri has is that he insists on hiring his own managers.

David West
75 Posted 31/05/2023 at 18:38:16
Would it be a bad thing if Moshiri was told to give up Everton?

If the buying party are made to invest the funds into the Club instead of paying Moshiri for his stake, it's win-win for us.

The clown has made us a laughing stock, got us a bad name for his dodgy dealings with Usmanov, and taken us to the brink of relegation again. We can't do any worse than him!

Or is Bill waiting in the wings for his chance to wrestle control back?

The way Chelsea got sold would be good for us, get rid of the lot of them!

Barry Rathbone
76 Posted 31/05/2023 at 18:41:26
What a man. Living proof affluence is no measure of intelligence and if copyright for a modern day Jonah exists he owns it.

What an unmitigated disaster he's been with the financial impacts of the new stadium yet to truly hit home.

Colin Glassar
77 Posted 31/05/2023 at 18:50:15
Mike, I still remember Paul Merson's reaction when, on Sky Sports, it was announced that Moshiri was buying into Everton. It was a, “Oh, boy”.

As an Arsenal man, I thought it was just sour grapes on Merson's part as a lot of Gooner fans wanted Usmanov & Moshiri to buy out Stan Kroenke and sack or back Wenger.

Could it be that Merson knew Tweedledee and Tweedledumb were two complete dickheads?

Tony Dunn
78 Posted 31/05/2023 at 19:04:11
Everton that.

Finally get a billionaire investor and he's dodgy.

You couldn't make it up.

Mark Taylor
79 Posted 31/05/2023 at 19:27:12

Some would argue they are all dodgy. Probably someone like Dyson is about as undodgy as it gets.

Mark Ryan
80 Posted 31/05/2023 at 19:36:10
So Farhad, £16.99 for a gimp mask and a Thomas the Tank Fat Controller costume — Who was this for?
Tony Dunn
81 Posted 31/05/2023 at 19:58:55
Mark Taylor,

Dyson the vacuum man? Voted for Brexit and then moved his UK workforce out of the country to some sweatshop nation?

Mightn't be dodgy but certainly a very crafty Tory exploiter.

I'd prefer Radcliffe but I'm sure INEOS is either chemicals or pharmaceuticals, which are both destroying or corrupting the world. Very few good guys left out there.

Paul Smith
82 Posted 31/05/2023 at 20:05:49
If he's crooked, fuck him off. Russian gangster dosh was welcomed under this Government until their faux outrage at Putin's invasion.

Seems obvious we're a money laundering plaything and have been since 2017. No one was arsed if we were successful and London was awash with Russian klebbies… but now everything's changed and The Guardian are right, in my opinion, to name and shame it.

Larry O'Hara
83 Posted 31/05/2023 at 20:09:58
Paul (82),

Via the Scott Trust, The Guardian avoid paying tax. Thus, to my mind, they are to be excluded from any discussion about dodgy money. Period.

Brent Stephens
84 Posted 31/05/2023 at 20:29:20
The story is not about The Guardian and any of its wrongdoings. It's about Moshiri and his finances.

Attacking The Guardian is a sideshow and won't make the Moshiri story go away. Just a distraction.

Tony Abrahams
85 Posted 31/05/2023 at 20:38:11
I'm not trying to be clever, or naive, but whose money isn't dodgy in some roundabout way, especially when you consider that the one true religion for at least 99% of the population all over this world is money.

Bill Kenwright has definitely hands down got the copyright for being the modern day Jonah, Barry R, especially when you think back to the latest load of shite he came out with just the other week.

I said I'd get them a billionaire – I just had to wait for the absolute dickhead who had the sense to let me stay in charge!

Stu Darlington
86 Posted 31/05/2023 at 20:44:20
I have to admit that I'm a bit thick when it comes to complex financial matters. Even Paul the Esk's articles have to be translated into words of one syllable for me to get the gist!

But am I right in thinking that Usmanov is the sanctioned individual, not Moshiri? However, if it can be proved that it was Usmanov's money that was used to buy Everton using Moshiri as a front man, then it becomes an entirely different matter. Could this be the “financial irregularity” referred to by the auditors?

If so, the purchase would be looked upon as an investment by Usmanov from which he will be likely to profit in the future and therefore subject to seizure. This would put us in Abramovich territory with the club having to be sold and all transfers in and out put on hold until a new buyer is found.

Wonderful news for a club desperate to offload dead wood and recruit new players! However, I suspect all this will be very difficult to prove as these are not the kind of guys to leave a paper trail or a smoking gun.

Anyway, I've probably got it all wrong as usual!!

Pete Neilson
87 Posted 31/05/2023 at 20:54:59
Hopefully, one way or another, the end's in sight to the disastrous Usmanov - Moshiri tag team. Moshiri is nominally the custodian of our club and he's taken us to the edge of ruin. Good riddance.

Not over yet but hopefully the beginning of the end.

Denis Richardson
88 Posted 31/05/2023 at 21:01:03
Amazed it's taken this long frankly. As soon as Moshiri came in 7 years ago, most of us thought Usmanov was the master behind the scenes. The fact Finch Farm was 'sponsored' by USM for a ridiculous annual sum just added to the obvious.

Russia invade Ukraine, sanctions come, and – surprise, surprise – the USM money tap is turned off and suddenly our transfer funds also dry up.

The Benitez and Lampard rumours about meeting Usmanov before being appointed are also not new. It would be interesting if either had to be interviewed under oath and the results of said interview. Would either risk perjury?

Whether a forensic accountant can find the paper trail from Moshiri to Usmanov is another question. But circumstantial evidence is pretty strong and, by all accounts, BDO officially raised this last year. For them to report this, they must have had good reason.

Overall, this really isn't new news. May also explain why Moshiri has been nowhere to be seen the last few months. Is he even in the UK?

I hope a link is found as this would clear the path for someone completely new to come in and sweep away everyone at the top. The shareholder's loans would also disappear overnight presumably.

Only issue now is the uncertainty surrounding the club's immediate future and how this will impact the recruitment plan for Dyche. We can't afford to not be able to sign players and waste the whole summer.

Hopefully, with a few leaving in any case, there's enough of a wage budget to sign some players on a free to add to the squad. There are a lot of relatively decent players out of contract.

Never dull supporting this club!

Kieran Kinsella
89 Posted 31/05/2023 at 21:01:24
Stu 86,

I think this one is more a case for Steve Ferns (Attorney) versus Paul the Esk. But yes, Moshiri hasn't been sanctioned himself… yet.

Adrian Evans
90 Posted 31/05/2023 at 21:30:38
The absolute best thing for Everton is that the Sanctions Police of the Treasury find enough irregularities. The Government then use their draconian powers to tell Moshiri to sell us, pay it into this account.

Now you tell us where your money has come from going back 35 years??? Cut us loose with new owners. Treat us the same as Chelsea, don't hurt us, let us suffer because of Moshiri and Usmanov. I hope Moshiri is sanctioned.

Use Chelsea billions, the £750 million for us to compensate clubs damaged by Chelsea winning stuff. Even us by Moshiri, Usmanov. Effectively Abromovich and Moshiri punished. Fine, if Moshiri provides evidence that it's his money, he owns us. I doubt he can.

No points deductions, same as Chelsea.

Neil Lawson
91 Posted 31/05/2023 at 21:47:33
It's all good. So rare for us to be the news story so hopefully this will run a while to keep Klippety, Pep, Erik etc off the back pages.

The hounds were circling ready to plunge their knives deep into our backs when relegated. To overcome their desperate disappointment at lost copy, Moshgate is their next best idea.

Larry O'Hara
92 Posted 31/05/2023 at 22:02:06
Brent (84),

I agree its a real story and don't want to distract from it. However, I will not accept Guardian scum have any right to criticise others' murky financial dealings.

Brent Stephens
93 Posted 31/05/2023 at 22:05:43
Larry, it's reporting, not criticism.
Mike Gaynes
94 Posted 31/05/2023 at 22:54:28
Kieran #89, as a British citizen, Moshiri cannot be sanctioned.

But he can sure as hell be punished under British law if he is found to have conducted financial business with a sanctioned entity. Like Usmanov.

I'm pretty sure they can't take away Moshiri's homes and cars, but he can seemingly be forced to sell his UK-based business. Us.

Jerome Shields
95 Posted 31/05/2023 at 23:08:00
By the way, was the interview with Jaz in Monaco?
Brendan McLaughlin
96 Posted 31/05/2023 at 23:17:30
Jerome #62

"A business that loses money every year and has an Auditor's Report questioning viability would be put under investigation by the Inland Revenue anyway, on the basis of it not being a viable business; why is it continuing and for what reason?"

Not content with making stuff up about how Everton're now spinning nonsense about how HMRC operate. I suppose at least you're consistent.

Ed Prytherch
97 Posted 31/05/2023 at 23:58:02
It will be interesting to see if the story is picked up by other media. If it is, then it may be more than Grauniad mischief.
Mark Taylor
98 Posted 01/06/2023 at 00:28:24
Tony @81,

I voted to leave the EU too. Many good reasons for it. I appreciate others might think there were reasons to stay but they were not persuasive to me. Or him.

Dyson did not move his UK workforce abroad. I doubt they would go. Malmesbury is a very nice place. Because he is globally successful, he has 3 main bases, UK, Singapore and Malaysia. UK does mostly the higher paid R&D work, 3,500 employees out of 13,000 worldwide.

I live near Malmesbury. The problem is not how few people he employs in his main Malmesbury campus, it's how many are employed in a single smallish town. He is too dominant and, while he has made the town very, very successful, it has all its eggs in his basket.

Fortunately he seems committed to it, even to the extent of replacing the generally rubbish engineering faculties at our universities with his own. If he pulled out, the town would collapse.

I've no idea why some media demonise him. Usually Europhile ones. If we had 100 more Dyson's, we'd be in less of a mess and maybe even have a balance of trade surplus, or somewhere closer to it.

Don Alexander
99 Posted 01/06/2023 at 01:44:02

The Malmesbury you describe sounds truly idyllic providing that mega-Tory, lowest-cost-employees-essential, Dyson continues to utilise that town in his bid to enlarge his ginormous personal fortune by screwing every one of his employees to the max, whilst being a stalwart supporter of Johnson and whichever else "leader" the present-day, extremist, so-called Tory party find themselves subservient to.

Mike Gaynes
100 Posted 01/06/2023 at 01:47:28
As everybody here knows by now, I'm always comfortable playing the role of Dumb Yank.

Who's Dyson? I have searched in vain for a mention of that name in the story.

Kieran Kinsella
101 Posted 01/06/2023 at 01:52:37

He makes Dyson vacuum cleaners – rich Conservative dude.

Don Alexander
102 Posted 01/06/2023 at 01:58:23

James Dyson, a guy who invented a different version of a carpet cleaner than "Hoover" as well as hand-drying machines in public loos, and now ladies hair-conditioning products.

He's a mega-millionaire who fully utilised the near slave-wages payable to Indian workers, rather than the British workforce who propelled him to £millionaire status.

He is a personal friend of Boris Johnson (our wanker cousin of Trump).

Don't believe a word he says.

Mike Gaynes
103 Posted 01/06/2023 at 02:00:33
Is he considered a potential buyer of the club?
Danny Nicholson
104 Posted 01/06/2023 at 02:29:12
Sounds like great news to me, The Guardian doing us a favour.

If we can get him to take the blame for the bad spending with him as well then that is, as far as I can see it, the best way we could come out of this nightmare. He's been shady since the day he came in, gobbing off about having money to spend, nothing about him to defend.

New ground aside, the club hasn't anywhere near the integrity it had when he came in for it. I would love to see it get confiscated off him.

Don Alexander
105 Posted 01/06/2023 at 02:38:57

I've no idea. I only commented because other subscribers mentioned him, a hypocritical, self-serving, Tory ass-kissing shite.

Kieran Kinsella
106 Posted 01/06/2023 at 02:56:25

No, he came into the conversation as a Brexit proponent.

Ernie Baywood
107 Posted 01/06/2023 at 03:28:44
Danny 104 - the responsibility for overspend won't follow Moshiri. It's squarely with the club.
Steve Brown
108 Posted 01/06/2023 at 06:48:48
Don 102, Dyson doesn't even manfacture in India.

And trust me, Singapore and Malaysia are not low-wage countries any more. They put engineering and manufacturing hubs into these countries due to: a) large engineering talent pools, b) government subsidies, c) low tax. All the things that Brexit Britain was meant to deliver.

Mike Gaynes
109 Posted 01/06/2023 at 07:10:20
Thanks, Kieran. I was scrolling back through the conversation looking for him. Thought I'd missed something.
Christine Foster
110 Posted 01/06/2023 at 07:29:08
I just sat through a UK Government presentation on the new amendments to the Russia Sanctions Act… that's 1½ hours of me life I deeply regret but I was looking for possible areas we may have been reported for.

There are several reasons why I think there may be an issue but not proven:

First is the supply of goods and services, credit or loans from a Russian individual or company.

A couple of points to ask: Has Usmanov or one of the companies he or Moshiri had (or have) an interest in loaned money or credit to us for goods? (I am thinking steel for the stadium here; was that sourced through Usmanov's companies?) If so, that's a possible breach.

If it was picked up in the audit by BDO, they could well have reported it?

The second of course is the arm's-length friendship between Moshiri and Usmanov and where Moshiri has got the actual money from to fund and build the stadium as his worth is not a measure of access to cash… so where did he get the cash from to pay the costs?

The inferred association between the two (follow the money trail) is that it's been bankrolled by Usmanov but people with that sort of money don't do bank transfers, they just arrange them.

I suspect there has been an anomaly with the audit that fell foul of the new Sanctions regulations that BDO made the EFP aware of, hence the commission and the treasury interest.

One and one make 37!

Mark Daley
111 Posted 01/06/2023 at 07:35:55
Beautiful prose Lyndon:

“… the proceeds from the sale of which he used to buy the Blues”

ToffeeWeb: where fans use proper syntax. Well done!

Colin Glassar
112 Posted 01/06/2023 at 07:50:33
Has the board stepped down yet?
Has the MSP offer been accepted?
Where's the Arteta money?
Who killed the Lindbergh baby?

Bill Kenwright's got a lot to answer for. Sack the Board!

Danny O’Neill
113 Posted 01/06/2023 at 07:51:56
As someone who is already pacing around on the park in the mornings waiting for the fixtures to be released, I don't know enough to make sense of this and what it means.

Will we get a points deduction?
Will we suffer a transfer embargo?
Will we be fined heavily?
Will we get a combination of the above?

Will we follow the Chelsea precedent and Moshiri has to let go without making any profit? I think that is what happened. Someone wiser tell me if different.

Or will Moshiri pull an OJ Simpson courtroom appearance out of the bag and we walk away to the new stadium at Bramley-Moore Dock?

I have no idea.

Wake me up when August comes.

Jerome Shields
114 Posted 01/06/2023 at 07:59:13
I don't think there is any conspiracy here. The Guardian Reporter has got a mismatch of facts and cobbled them together as a story, without seeking expert opinion.

Closer to the actual facts is that Everton is a Club that has made long running losses which would bring them to the attention of the Inland Revenue. The Inland Revenue who collect taxes have a duty on behalf of the Taxpayer to investigate why a going concern is not able to pay tax on profits..In a smaller buisness or individual case they may put a assesment on them and get them to prove they are not liable for the assesment figure.

In Everton's case they are regulated by the Premier League, which has been monitoring the situation over a two year period in detail.Then Everton Auditor resigns reporting concerns. The New Auditor in the Final Accounts expresses concerned. The Premier League on recieving the Final Accounts decides that they were not recieving the facts during the Monitoring petiod and refers Everton to a Independent Commission for non compliance with the Profit and Sustainability Rules of the Premier League.

Meanwhile the Inland Revenue is gathering information, awaiting the outcomes of all the bodies involved. Everton is moved up the Tax Risk table and other related Treasury Departments are informed with full access to all information.Not only is Everton investigated, but all related parties come under scuntiny ( Person's of Interest), with the increasing use of Tax specialist in all fields.

By the way the Inland Revenue Special Investigations unit is based in Manchester.

Colin Glassar
115 Posted 01/06/2023 at 08:09:48
Everton is a black hole in a black hole surrounded by a black hole.

Kenwright, and now Moshiri, have ruined this club.

Kim Vivian
116 Posted 01/06/2023 at 08:18:52
Jerome - If... "Everton is a Club that has made long running losses..." , why would "The Inland Revenue [who collect taxes] have a duty on behalf of the Taxpayer to investigate why a going concern is not able to pay tax on profits..."

Why would they be looking for taxes on losses? Just asking, like.

I'm not sure HMRC are actually investigating anything, are they?

James Flynn
117 Posted 01/06/2023 at 08:19:57
Just wandering around online regarding the Guardian's reportage. Found it interesting that the Guardian at least implies (To me anyway) that BDO's departing as the Club's auditor was due to something sinister going on.

Yet, the Guardian failed to mention that EFC was only one of several clients BDO cut ties with since sanctions were placed on Putin's oligarch buddies. During the same period, BDO also severed ties with companies not necessarily involved with Russian entities.

So, Everton is just one of several as opposed to the appearance of BDO cutting loose from auditing EFC as some outlier in BDO's business dealings.

For anyone interested, here's the link to a story about problems within the auditing firms in England. BDO is mentioned (Not in a good way).

Big Four UK Auditors foisting 'high-risk' clients onto smaller competitors

Jerome Shields
118 Posted 01/06/2023 at 08:50:35

Because they are not collecting any taxes, the Inland Revenue would want to know why. At its most fundamental, a business is managed to make a profit. If it is not making a profit over a 5-year period, what is it being managed for?

In Everton's case, not making a profit did not serm to be a concern, since management was not held accountable. The Inland Revenue deals with all businesses and would be aware of what profit a comparable business to Everton would have and taxes due.

Their view would be Everton should be paying taxes. How the business is managed is the responsibility of the owner.

Jerome Shields
119 Posted 01/06/2023 at 09:00:40
Brendan #96,

Unfortunately it is not spin, as was most of my concerns over years.

I will have to meet you at the Old Church at Dunleavy. We can go up Mount Oriel. By the time we get to the top, we will have all things Everton sorted out.

Jim Lloyd
120 Posted 01/06/2023 at 09:02:56
It looks to me that The Guardian story is a re-hash of its previous story plus the additional "information" that "people in the know" and "sources said" regarding any ownership of the club and/or influence Usmanov might have had regarding the interviews of prospective managerial candidates.

Well, as far as I can remember, Everton and Moshiri cut off all connection with the Usmanov sponsorship before the sanctions were announced, certainly once they were announced.

As for any interview Usmanov may have had any part in… why not? He's a good friend to Moshiri and if there was every reason for Moshiri to call on the experience and knowledge of his friend and as they both live abroad, why not use Usmanov's luxury yacht... even if they're both shite at picking managers, according to many knowledgeable people.

Anyway, it's possible he'd rather trust a mate than his Chairman.

I think James has provided some important information that The Guardian appears not to have discovered. It wouldn't just be digging at EFC as an easy victim would it, of course not.

Kim Vivian
121 Posted 01/06/2023 at 09:14:25
Jerome - thank you. However, I'm sure EFC are not withholding taxes due, which is what HMRC would be more concerned about investigating.

The business will be paying other taxes – VAT on tickets, merchandising etc, PAYE and National Insurance due, and so on. Clearly if the club has been operating at a loss, however managed, there will be no corporation tax to pay which is what your supposition leads me to believe you are referring to.

I don't believe the club is 'insolvent' (trading from a worsening position while insolvent is illegal) and any investigations appear to be targeted at the source and mechanics of the club's funding in relation to sanctioned individuals and/or businesses.

We are not being subjected to a simple tax investigation as far as I can perceive, so I am reading a lot of assumptions into your post (@ 114) unsubstantiated except for your own opinion.

How do you know, for example, that..."Meanwhile the Inland Revenue is gathering information, awaiting the outcomes of all the bodies involved."

As I said before – just asking.

Marc Hints
122 Posted 01/06/2023 at 09:25:34
Well, there you have it!

At the meeting with the FAB last night, not one member of the board turned up!

Brian Harrison
123 Posted 01/06/2023 at 09:33:51
First, according to a question in the House of Commons, the money paid by Bohely for Chelsea is still in a frozen bank account and so far no money has been paid to help the people of Ukraine.

Regarding Moshiri being someone of interest to the authorities, seems strange that it has taken them this long knowing his close personal and business connections with Usmanov. Now whether that link with Usmanov is enough for the authorities to be able to do what they did to Abramovich is very debatable.

I mean if we are going to sanction people who have a connection with powerful Russians, maybe we need to sanction Boris Johnson for his links and taking money from Russian businessmen.

There is little doubt that Usmanov was behind the takeover of Everton, he interviewed both Ancelotti and Benitez before they were appointed managers, Ancelotti even told the press about him having a meeting with Usmanov for 2 hours before he signed. And Benitez spent 2 days on Usmanov's yacht moored off Sardinia before agreeing to become our manager.

Should Moshiri be sanctioned, I do wonder where that will leave Everton? Maybe this may make Moshiri sell so he can bank the money before any possible sanctions are imposed?

Chris Williams
124 Posted 01/06/2023 at 09:46:05
Larry (83)

How does The Scott Trust help The Guardian avoid paying taxes? Which taxes?

Just curious.

Mike Hayes
125 Posted 01/06/2023 at 09:52:04
A transfer embargo might stop us buying shit players worth 50p for £100M and crazy contracts like a £1M a week for life…

But it'll mean keeping the dross we have – it's going to be a loooooooong drawn out summer and, as usual, there will be zero communication from inside Goodison. Whether that's a good or bad thing remains to be seen.

I'm like everyone else – wondering when will it start and when will it end and with what results? – the investigation, that is. 🤷💙

Roger Helm
126 Posted 01/06/2023 at 10:16:30

Dyson is hated because he is a self-made, very successful, and therefore rich, entrepreneur and businessman. In your country, he would be admired and lauded, but over here that is something to be hated and despised, by many people anyway. One reason why our per capita income is so much lower than yours.

And while I'm here, Singapore is not a poor, low-wage country. Even when I lived there in the '80s, it was thriving,; now, it is considerably richer than the UK, due mainly to many years of low taxes, investment in IT and STEM education, and compulsory personal saving.

Chris Corn
127 Posted 01/06/2023 at 10:23:53
Think this is a file under "tell us something we don't know".

Usmanov and his involvement at Everton was the subject of a parliamentary debate some months ago. Can't imagine that hasn't included Moshiri coming under the microscope from Day One.

The Government had been itching to get Russians out of football pre-Ukraine, but IMHO bent the rules to allow Abramovich to sell up cos a load of them were Chelsea season ticket holders or shareholders or had other vested interests in Chelsea FC, such as George Osborne.

Absolute power corrupts absolutely.

Brian Denton
128 Posted 01/06/2023 at 10:27:30
Roger Helm,

Dyson is one of our patriotic admirable billionaires who is so patriotic that he loathes paying a penny in taxes to the UK Treasury, and cares so much for the British people that he prefers not to employ any of them.

I tend to admire people for their personal qualities rather than their money-making abilities. You strike me as the kind of person who admires money-making however it is made.

Jerome Shields
129 Posted 01/06/2023 at 10:40:50
Kim #121,

You are right that Everton would be tax compliant with all other taxes. But the Inland Revenue will not accept losses in trading over five years without an investigation. They will also look at changes of Auditor and Auditor Reports when making such decisions. They will also look at any regulatory reports and references to regulatory commissions.

The Inland Revenue has access to all this information, as well as information on all parties involved.

If Moshiri is a Person of Interest to the Treasury and has as reported engaged the services of a sanctions lawyer, this did not happen overnight. It is the later part of an Inland Revenue investigation process that has been going on for some time, which has been initiated by various triggers along the way.

I have experience of such an investigation. Fortunately not my own, touch wood. but a cousin who found himself dealing with the Special Investigations Unit in Manchester sorting out his father's estate.

My friend who I visit weekly is a retired Senior Tax Inspector who worked at the Inland Revenue Head Office in London. He now works freelance commanding enormous fees, on top of a huge Civil Service Pension.

I suppose the good news is that Everton may finally get sorted out.

Roger Helm
130 Posted 01/06/2023 at 10:44:37
Brian Denton, you know nothing about me, so wind your neck in. I am not in favour of all types of money-making and I would not admire the likes of Pablo Escobar, for example. Making offensive comments doesn't help your argument.

Your comment is typical of the self-righteous thinking of so many people. Do you think we all don't admire people for their personal qualities?

As for Dyson, a business person has a responsibility to his investors and shareholders, as well as his employees, to make a profit, and if that means relocating to a lower-tax environment (one of the effects of the globalisation that so many people are so keen on), then that is what they do. This is one of the reasons Ireland has been such a magnet for inward investment.

Martin Mason
131 Posted 01/06/2023 at 10:48:47
Brian @128 – and I fully support him in that. It is our moral duty to pay as little tax as possible within the law as an individual or corporation.

People like Dyson would stay in the UK or even come to the UK if taxes were reasonable but they aren't. Dyson is smart and very hard-working, he deserves every penny that he makes.

Will Mabon
132 Posted 01/06/2023 at 11:04:10

I agree. Nothing wrong with making money, it's the extremes. Whilst I can understand not wanting to be thoroughly rinsed for tax, at which Britain excels, it always goes full swing the other way, for every last penny. Of course the market for sales is never abandoned.

This has all helped in the wider quest to de-industrialize and neuter Britain though, so there's little sanction or opposition.

Neil Carter
133 Posted 01/06/2023 at 11:07:25
At least this will force change much needed-this is no surprise and silence by the board has been about avoiding self-incrimination of this situation all along.

All will eventually come out in the wash. Expect to see a Panorama episode on Everton ownership.

Brian Denton
134 Posted 01/06/2023 at 12:15:52
Martin Mason, once we are into the realm where tax is 'immoral' then there is no common ground on which to argue.

Tax is the price we pay for living in a civilised society.

Brian Williams
135 Posted 01/06/2023 at 12:25:54
Everton takeover is done, announced in the next few days.
Local billionaire businessman as chairman, leading the consortium, a totally new Board, Formby man as Chairman.
MSP partners and AJ Bell.

Big news on the EFC takeover front. MSP's partners in the deal Andy Bell (AJ Bell) and George Downing. Full clear out of the Board. Andy is going to be CEO and George as Chairman. Going to be announced in the next couple of days. George is in Cannes with Moshiri today. Andy Bell is from Ormskirk.

Investment genius. 👍👍👍

Nick Page
136 Posted 01/06/2023 at 12:28:05
“Tax is the price we pay for living in a civilised society.”

Is a complete load of rubbish. Taxes were designed as nothing more than a way to pay tribute to land owners (= royals or really just gangsters with bigger “armies” who claimed the land for themselves).

It's really no different to protection money in that above definition. In addition to that, and certainly more relevant these days, is that new taxes (governments never repeal taxes) are created by governments to keep the middle classes oppressed and subservient because every government fears nothing more than a middle-class rebellion and being overthrown (as opposed to a military coup).

If governments could actually spend taxes properly, then society would function far better but they don't and it doesn't. The major blot in the ointment is that large corporations are able to use loopholes to not pay tax. And that is the real crime.

But never believe your taxes are paid to keep you safe. That's absurd. It's to keep you under the illusion of dependency.

Andy Finigan
137 Posted 01/06/2023 at 12:39:10
Really hope your right with this Brian! If you are I am sure our club can start the rebuilding that's needed. Happy days.
Raymond Fox
138 Posted 01/06/2023 at 12:51:48
Dear me, Nick, you are correct about the Royals but the rest of your post is tosh.
David Israel
139 Posted 01/06/2023 at 12:54:03
Brian @135,

Have you told The Guardian all you know about the takeover?

But thanks for the info, anyway. When I read "local businessman", I thought "Sir Terry Leahy".

Plenty of people in this informative thread seem to forget that Moshiri is a British citizen, and therefore entitled to all protections given to them all. At most, he could be accused of sanctions-busting, but even then, he would still be able to pocket all the money from a sale.

Dale Self
140 Posted 01/06/2023 at 12:58:11
James @117, thanks for that info. Goodley needs a minder. Or maybe the sloppiness is the clue that it isn't about regulations.
Brian Williams
141 Posted 01/06/2023 at 12:58:26
Even if my info is wrong (I don't believe it is), at least it's not as bad as the shite written in post #136. 🤣🤣🤣
Roger Helm
142 Posted 01/06/2023 at 13:03:12
Strange post Nick 135. I know theoretically at least we could pay for our own healthcare, pensions and education, but according to you, who would pay for the armed forces, the Foreign Office and the diplomats, the police and criminal justice system and the infrastructure of sewers and roads etc?
Andrew Ellams
143 Posted 01/06/2023 at 13:09:17
Brian @ 135. The Esk is saying that nobody from AJ Bell will be sitting on the board because it's a conflict of interest with the new financing deal that they have just helped to broker.
Neil Carter
144 Posted 01/06/2023 at 13:09:24
Roger-sounds like the answer to-“What did the Romans do for us?”😂😂😂
Peter Hodgson
145 Posted 01/06/2023 at 13:18:09
I have read every post on this thread and whilst they have meandered this way and that they nearly all have read as believing there to be some truth somewhere in it all. Quite possible I suppose but overall it strikes me as being a load of fluff, who's main aim is to continue on a fishing expedition to see if anything rises to the bait.

It may all be kosher but wait and see is my mantra. No point getting excited with what we have been told so far and the fact that I haven't seen any other papers picking up on it only strengthens that view.

Brian Williams
146 Posted 01/06/2023 at 13:23:19
Thanks for that Andrew. I honestly can't attest to the veracity of my post. I merely passed on something which "allegedly" came from a decent source. But don't they all? 🤣
Mark Taylor
147 Posted 01/06/2023 at 13:27:27
I'm sorry I brought up Dyson in the first place. I was simply using him as an example of a billionaire who has made his own money in a free market rather than the likes of Russian oligarchs who have stolen their country's assets.

It's sad there are some who appear to contest that and make bizarre claims such as he doesn't employ British workers( 3500 of them in fact, mostly very, very well paid) but I can only assume politics clouds judgement...

Dave Abrahams
148 Posted 01/06/2023 at 13:36:33
Brian (146), Well George Downing is a massive Evertonian, I think him or his dad owned or partly owned one of The Three Graces and let’s be honest The Esk knows his stuff but he is not infallible.!!
Paul Tran
149 Posted 01/06/2023 at 13:56:39
This article is educated guesswork & speculation, based on the fact that Everton's finances are a badly-managed tangled web, with a stench of dodginess written all over them.

There's plenty to investigate, going back as far as the Philip Green, Birch,
Wyness times, but so far no indication of illegality

Moshiri is a British Citizen, so they may have to find another page of their rulebook to have him.

Hopefully we'll see the back of him before anything significant comes of this.

Brian Denton
150 Posted 01/06/2023 at 14:09:41
Mark Taylor, I am well aware that Dyson employs highly-skilled people on the design front etc in the UK. These people are likely to be able to find employment anyway. In the labour-intensive part of his business, the manufacturing and assembly arms, he prefers to outsource that work. I would contend he would be doing more for the country he loves by employing more people in manufacturing in the UK.

Anyway, I'm not expecting him to take lower profits by doing so. I'm not that naive. But I don't see why I should hold such mighty entrepreneurs on a pedestal. It's not entirely clear to me what the UK benefits from a business which doesn't employ many people in the UK nor contribute much in the way of tax.

Peter Hodgson
151 Posted 01/06/2023 at 14:19:32
Paul @149

I would query your use of the word educated in that post.

Paul Tran
152 Posted 01/06/2023 at 14:27:01
Peter, it's educated guesswork in the sense that we all know there have been dodgy things going on, but the dots havent been joined up yet.

Also worth remembering that national newspapers aren't catering for Evertonians, but for the wider public who have little knowledge of what's going on.

As fans of other clubs tell me, it's an interesting story!

Brian Williams
153 Posted 01/06/2023 at 14:36:24
Only you are infallible mate. Tony tells everyone that! Well it sounds something LIKE that. 😉
Gary Brown
154 Posted 01/06/2023 at 14:38:16
Andrew @ 143 - the ESK also believes that “can’t be CEO” conflict would change in event of full or partial takeover, which could change the make up of the loan itself.

Still wishful thinking I feel, but I’m still gonna hope.

Raymond Fox
155 Posted 01/06/2023 at 15:44:21
What about the Saudis who bought Newcastle are they not stealing from their own people?
I know all Russians are now bogey men but just saying.
Mark Taylor
156 Posted 01/06/2023 at 16:23:04
Brian 150

He employs close to 4000 people in the UK and is the largest taxpayer in the South West. That 4000 is around 30% of his total global workforce. And this is the point, he has created a truly global company, which means he will have bases around the world to service that. I think this is more admirable than building a UK only business that has pretty much all of its sales in the UK. Competing with the rest of the world is a lot harder than doing do within one territory (and probably exploiting protectionism and oligopolies).

The problem we have is there are too few Dysons. I am not putting him on a pedestal by saying that, it is just a matter of fact. 100 more people who build a global business from scratch would make all of us a lot richer.

Bear in mind I started this by commenting that while many billionaires are 'dodgy', might even be described as crooks, basically stealing their country's national assets like the oligarchs, there are some who didn't do this, but built businesses from scratch.

Anyway, more back on topic, I'd much sooner the likes of Dyson or Ratcliffe or Branson invested in us, than some dodgy oligarchs or oil sheiks. But perhaps beggars can't be choosers...

David West
157 Posted 01/06/2023 at 19:33:04
Moshiri might be a British citizen. That doesn't mean he can be gifted assets from a sanctioned individual. Yes, he wasn't sanctioned at the time but it all surely shows that Moshiri is making his money or receives money from this individual.

I think it's very muddy waters, the "Gift" stinks, the sponsorship by USM, Megaphon and the naming rights deal are all murky. The authorities are probably just looking for the one golden nugget of evidence to make all the allegations stick.

After all Chairman Bill's searching for the billionaire owner – look who he's delivered to us! Bill can't pin the blame or play dumb. Kenwright knew who he was getting into bed with.

Yes, we as fans embraced the new money but it's not our job to scrutinise the accounts and financial history of a new investor. We've been let down, by Bill, the authorities, the FA and the Premier League.

Now it's us the fans who will suffer if the independent commission chooses to deduct points for financial irregularities – us who suffer because he can't call on his sanctioned friend, us who are left as the worst team in the Premier League.

Make him sell. Don't let him or Usmanov get a penny of the proceeds.

Dave Abrahams
158 Posted 01/06/2023 at 20:06:47
Brian (153),

That word wouldn't be ‘incredible' would it? No, I don't think so either!!

Dave Abrahams
159 Posted 01/06/2023 at 21:39:07
Brian(135), Turns out your ‘scoop ‘ could be correct!!
Andy Crooks
160 Posted 01/06/2023 at 22:03:09
Brian Williams, hope all is good with you, mate. Sorry I missed you last time I was over. Brian, well done with that post. For anyone else reading it, if Brian Williams says it, it is worthy of consideration.

Back to Dyson. I bought one of his earlier cleaners back in the day. Looked like he was an inventor who couldn't get anyone interested in this fucking genius bit of kit.

Well, honest to fuck, it was useless. Imagine dragging a massive sack of spuds round your living room hoping it will pick up the crumbs of your yellow pack custard creams…

Bob Parrington
161 Posted 02/06/2023 at 03:45:12
Looking from a distance - if UK Treasury is going to waste its time and money chasing lirrel ol' Everton's half a Billion, what does this say about the UK economy? I doubt this rumour has legs – unless we want to get in to conspiracy theory.

The Gruaniad, as so aptly put earlier, seems to me to be regularly full of shit.

The Everton Board seems too eerily silent. Do they know we avoided relegation? Time for them to come out of their bunker and face the music!

Brian Williams
162 Posted 02/06/2023 at 06:56:19
Hi Andy.

All good here mate now that horrible season is over! If I'd remembered Derek's instructions I'd have seen you in the Harlech Castle. Got me castles mixed up!!

I'll deffo see you next time and we'll be in a much better place by then I hope.

All the best mate!

Dave #159. Let's hope so mate. Light at the end of the tunnel maybe!

Derek Thomas
163 Posted 02/06/2023 at 07:31:22
Colin @ 115; you forgot to mention '...and run by arseholes'
Bobby Mallon
164 Posted 02/06/2023 at 07:39:37
Well another day and more rumours. Let's keep it going.
Jerome Shields
165 Posted 02/06/2023 at 08:08:46
Brian #135,

I think there is probably some truth in your rumours with the MSP deal being worked on. I think the biggest part of the negotiations would be about who and how the club will be run going forward. A J Bell’s involvement fits the profile of Moshiri's arm’s-length approach.

Brian Harrison
167 Posted 02/06/2023 at 09:21:29
I think we all hope that the rumours of new people coming in alongside MSP are true and that shortly we will have a new board. But I am afraid while it will have a positive impact on everybody connected to the club it wont alter our financial restrictions. Dyche will have little or no money to spend and only a clear out of top players would alter that. The good thing is Dyche has had to work on fairly limited budgets all his managerial career so he is probably the best man we could have in charge at this time.

I find it really interesting that the press and supporters of some clubs that have been relegated screaming for action to be taken against Everton for possible breaches in the financial rules that are set down by the Premier League. But Everton have only been referred to the commission for them to check if we have broken any rules. But Man City have been charged by that commission of breaking 115 rules and yet its always Everton who fill the headlines.

Brian Wilkinson
168 Posted 02/06/2023 at 23:10:12
It was probably Bill who tipped The Guardian off, to stop a sale going through – you can laugh but the moment a sale goes through, Bill will be out on his arse.

He is clinging on for dear life, he wants that ribbon cut at Bramley-Moore Dock at all costs, with his white Bob the Builder hard hat on and over-sized scissors, ready and waiting.

The more he can delay a sale, the closer the new stadium gets.

Moshiri loses any hold, while Bill has a whip round from his cronies, and buys Everton back for a quid, then sells to MSP — provided he can remain as Chairman.

[I bet that had Derek and a few others going :-) tongue-in-cheek.]

Mike Gaynes
169 Posted 02/06/2023 at 23:41:45
Brian #135, I will never pay attention to any other source again.
Jim Lloyd
170 Posted 02/06/2023 at 23:47:37
Spot on, Brian! And we have the best manager available who's used to spotting talent in the lower divisions, so those and loans, are likely to be where we seek our additional players.

I agree about the press, and it's mainly The Guardian, who follow "sources" and what BDO are supposed to have done, when by the look of it, Everton and a number of other big organisations have dispensed with their services.

Brian, someone did a post saying Kenwright had told "sources" that "he's going nowhere!" Good to know he's staying in his pad in theatreland!

Brent Stephens
171 Posted 02/06/2023 at 23:50:56
Andy Bell, possible investor in EFC, from Ormskirk. A bit of trivia – Ormskirk I think is one of only three churches in UK with a tower and a steeple.

And also trivia, the crooked spire in Chesterfield. We have our own "crooked" … but that's another story.

Jim Potter
172 Posted 03/06/2023 at 12:04:44
Anyone know who will own the new ground?

It has to be the club or we'll just be shafted in the long term. Worrying.

James Flynn
173 Posted 03/06/2023 at 12:30:36
Jim (172) - It's owned by the Club.
Jim Potter
174 Posted 03/06/2023 at 16:17:27
Thanks James.
Derek Knox
175 Posted 04/06/2023 at 13:45:12
Hope he gets Jail if found guilty, and put on D-Wing with Big Ginger who likes to play Mummies and Daddies, that'll take the smirk off his kipper.

And by the way, thanks for ruining our club (apart from the new stadium) but that had an ulterior motive should Usmanov have not been exiled!

Ed Prytherch
176 Posted 04/06/2023 at 14:13:14
That is correct Brent. I went to my first communion in Ormskirk Parish Church and Leon Osman was married there.
Paul Birmingham
177 Posted 04/06/2023 at 14:23:33
Brent, spot on, in all aspects.

Interesting days ahead, hopefully deliverance to a better place for all Evertonians, and a new era at Everton FC.


Christine Foster
178 Posted 04/06/2023 at 15:14:51
We manage, only just, to keep our heads above water. The manager somehow got a squad of players over the line.Already threadbare through a failure of recruitment and coupled with key injuries, we were lucky. No thanks whatsoever to a board who showed no support in the manager or players to succeed. Indeed our chairman took it upon himself, hours before key games, to launch his on exocet missile at the supporters, the fans, the one thing that this club that far excels anything else it has.
Now the season is ended, we await trial by independent commission to determine if our directors are guilty of non compliance with the EPL.
Just who the heck do they think they can blame that on?

They should be run out of the club, not a peek from any of them after another heart crushing fight against relegation. Put through the wringer again by a board who frankly couldn't car less about the supporters. But then that's part for the vourse for the chairman, he has form. Even when their own supporters FAB bite back, do they worry? Not a jot.

We have multiple sets of rumors, squad members leaving, players moving on, Nothing. Not a world of thanks for their service, nothing.
Leadership is an inspiring and gives reassurance and direction. The absence of Leadership leaves a vacuum filled with anger, disappointment and ridicule. If the cannot see it, they deserve the abuse.

Ray Jacques
179 Posted 04/06/2023 at 16:23:29
If its in the lefty Guardian then it must be righteous, virtuous and true!
Only joking, don't want politics on the thread, the Daily Fail at the other extreme is worst.
I don't understand all the goings on but the end result will probably be a transfer ban or a points deduction.
I just fear that the silence, absence and cowardly behaviour from all boad members is because they know its all bent and rather than speak out, are hiding and telling porkies about fans and threats to safety for sympathy and to deflect.
That's my simple take, but I fear the worst.
Derek Knox
180 Posted 04/06/2023 at 22:17:55
I'd rather have an A J Bell on the Board than the Bell-Ends we have hitherto experienced.

I assume these stay-away parasites are still collecting their ill-gotten gains, at a time when we are allegedly trying to scrape money together. I know contracts are probably in force but surely they are in breach of contract by not getting involved or attending. In Kenwright's case, just a side-line alongside his theatre business in London.

What a great Evertonian! (Not!)

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