Report claims Kenwright's shareholding to be halved

I really would like for the sake of our younger fans, to live through what I experienced in the mid 80’s.

He could decide to create a directors loan, to introduce fresh capital, but if that finances the £100m investment in the playing squad we are in breach of the FFP rules and we will get ourselves sanctioned from Uefa.

He could issue fresh shares in exchange for a cash injection to the club, but I got slated for suggesting that previously. So we are no better off than last week, just a different face in the boardroom.

I had no expectation of Moshiri throwing cash at us. I just want us to be well run. If he loans us money I'd fully expect him to be repaid for that investment.

COYB

Did anyone else see this?

Anyone know if new investors can buy into a rights issue or is it only current shareholders?

https://beta.companieshouse.gov.uk/company/00036624/filing-history

It looks like it will be a gradual, phased handover of the club if targets are met by the new man, possibly another rich investor coming on board?

I know one thing for sure, the club will no longer be drifting along without direction, it's all good as far as I can see. Earl has his £40m, a price worth paying to see the back of that useless bullshitter, who no doubt had his snout in the trough through his dealings in the BVI.

I was going by what Johnson had to do to invest his money, but then there were a lot less shares to make a 1 for 1 rights offering for at £4,000.

Can’t see Moshiri doing that for 35,000 shares unless it’s possible to make a reduced offering?

Do these guys have to say what the shares were sold for? I’m guessing they don’t (more guessing there). And I assume the shares or price paid to one guy could be different to another?

I’m just guessing, I guess... but so are the press. They will have to say who owns how many shares... but that’s all.

So the price will become known.

The rules relating to share issues and purchases for EFC Ltd are in its Articles of Association which you can get for free on Companies House website.

From my own quick look through them – shareholders can trade their shares as they see fit but the club is not bound to register the new shareholder and the board of directors can issue new shares as they see fit and are not obliged to offer these to existing shareholders.

Love him or loathe him, you have to hand it to Bill for the deal he got.

How about a little million donation, Bill, to the Former Players Foundation.

If that’s true, he would be best waiting 12 months before buying the rest... OR get a "proxy" to buy the buggers on his behalf? If he’s handing out £5k a share, he can have mine today. :))

On another thread, each Premier League club will earn roughly £151m with the new TV deal next season. Given that each team can spend £30m above a season's income for three years without punishment, providing the owner can cover such an overspend and not increase the clubs debt, Fahrad has timed it perfectly to buy in; thankfully, it's us.

http://atlanticfreepress.com/news/1/1234-alisher-usmanov-is-a-vicious-thug-criminal-racketeer-heroin-trafficker.html

Even if you can’t access the article, I think you will have got it’s drift!

http://www.theguardian.com/world/2007/nov/19/football.russia

Refreshing change in itself, isn't it?

As for the idea of creating new shares... I cannot see why they would do that; he has what he requires control-wise so investment would surely come from his pockets in the way of loans to Everton.

Just a note for the people that love a conspiracy theory or two (and we know we all do)... I bet this guy is less "transparent" than the previous shot-caller.

Seems some of the journos believe they already know... although £5,000 seems a little bit too much of a round number.

However, there is no way anyone will figure it out from this year's accounts (next year's are a long way off) as the shares are always assigned a nominal capital value of one big fat pound sterling each, as far as the accounts are concerned (See Note 18: Equity Share Capital).

And you get the feeling, reading those Articles of Association, that the club can do anything they damn well choose as far as shares are concerned. Peter Johnson did a rights issue while he was a majority shareholder; it provided a mechanism for him to put ~£10M into the club, while he held a 68% stake.

I don't believe the top guy needs to own 100% before it makes sense to pump money in... Let's wait and see...

Under questioning Weiss said they bought Liverpool without knowing anything about the Premier League. He said they only attended 1 game during their due diligence and the game was less than thrilling.

He went on to say that they assesed that Reina and Torres were past there sell by dates and Mascherano wasn’t near the first team so another who could be let go.

He also said they had to spend considerably more than they had wanted to try and improve the team. His assessment was the team was worse than they had believed. It goes on to list a whole catalogue of mistakes.

But what it highlights to me is thankfully we have an investor who understands all aspects of the game. Also by keeping the present chairman in place, there will hopefully be a seamless transfer of power.

I also think it's another reason to be joyful that the Americans didn't get control of our club. As they don't seem to understand the nature of the Premier League or the relationship the fans have with the club.

I read of Liverpool's new approach to season ticket seats not occupied by a certain time. They are going to have an area were fans without tickets will be offered the unfilled season tickets by a certain time. Good luck with that one.

Now we may have got things wrong, especially financially, over the years but I think our chairman thinks more of our fans than their board do of their fans.

Surely we are entitled to our cynicism given the history of Kenwright and his cronies. Some people have short bloody memories.

By my (possibly questionable) calcs, Robert Earl will nett something like £31.5 M in Capital Gain when Moshiri buys all his shares. If I'm doing it right, that's an APR of 17.4%.

One hell of a whopping rate of return through the tumultuous years of the crash... And people wonder why anyone would invest in a football club???