Is Everton Football Club up for sale?

While the rantings and ravings of Richard Keys are probably best ignored, there is a certain logical pattern that can be perceived to support the claim that Farhad Moshiri and Alisher Usmanov have had enough of their Everton adventure and are seeking, or would agree, to sell the club.

MIchael Kenrick 30/11/2021 107comments  |  Jump to last
It is clear that the incredible largesse in terms of funding the ridiculous waste of money on poor players to the tune of around £500M over the last 5 years has at least come to an end. The restrictions of Financial Fair Play have been cited as a reason for the halt in spending, with Everton's losses well exceeding the 3-year limit allowed, but these would only apply if Everton qualified for Uefa competition, which now seems a more remote pipedream this season than any of the previous ones in the current era.

On the other hand, construction of the new stadium at Bramley-Moore Dock is pressing ahead, with £100M provided by Moshiri to cover the first phase of construction. But ominously the rumoured 'public placement' to secure funding for the balance of the project has still not been confirmed.

And that factors in to the price supposedly being mooted for the sale of Everton Football Club (or more accurately, the 92.16% of shares held by Blue Haven Holdings in the name of Farhad Moshiri). £500M is quoted as the asking price, but there could be a caveat for funding the stadium construction up to another £500M, bringing the effective price of the club up to £1 Billion.

Although this may be the first step down a very long and arduous road, it does present an intriguing prospect for the many fans who have become frustrated with the entire structural edifice of the business entity that is Everton Football Club – from the Board and its seemingly incompetent puppet directors, the corporate management in the Royal Liver Building, the operational rump at Goodison Park, and the hugely blighted coaching, medical and academy system at Finch Farm.

Sale of the club could eventually see the entire rotten edifice swept aside in the sort of wholesale clear-out that is being demanded by an increasingly vocal section of the fanbase – not least those normally faithful traveling supporters who held nothing back in demonstrating their anger and utter disdain to the team and the manager at the Brentford Community Stadium on Sunday evening.

But the real target of unrest needs to be the upper management of the club, the current owner, Farhad Moshiri, and the former owner, Bill Kenwright, who remarkably continues in his seemingly secured role as Chairman of the Board that has overseen the lack of progress and the churn of managers over the last 5 years.

The club should be holding an Annual General Meeting of its shareholders at some point in the next couple of months. While the immediacy of this annual opportunity to question the club management will be lessened by having the meeting online rather than in person, it represents the only meaningful time when concerned fans who are minority shareholders feel they can be held to account.

But sadly, honest answers about affairs of state within the closely held controlling cabal are notoriously difficult to extract at the AGM, and it will be unlikely they would even confirm any such intention to sell the club, even if all the pointers were converging.

While new faces have come (and some rapidly gone!), nothing seems to have improved the seemingly continual decline of this once great club into terminal mediocrity – or potentially worse if the current slide in form on the field of play is not arrested before the end of the season.

Since there is no chance that the moribund structure currently in place will cleanse and refresh itself anytime soon, perhaps the sale of the club to new owners represents the only realistic hope that a fresh start could occur, and the path to recovery becomes something more than an eternal hope for a better future.


Share article:

Reader Comments (107)

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


Barry Hesketh
1 Posted 30/11/2021 at 09:25:21
How quickly can Bill put together a consortium to buy out Moshiri? It does seem that Keys's rants are usually best to be ignored, but his claim that Everton may be up for sale, might contain a nugget of truth.

We have the feel of a club on the brink of being sold: this season has similar vibes to the past when Johnson and then Kenwright took over.

We'll see in the fullness of time... but, for many Evertonians, something has to alter to escape this cycle of failure.

Derek Thomas
2 Posted 30/11/2021 at 09:38:31
Stadium notwithstanding; they'd have to be better, but by definition - even dafter, unless we're sold for a tenner and a handshake... and even then, why would you?

Whoever might come in, I hope they're of the 'kick arse and take names' variety, because the current mob are just the opposite.

Colin Glassar
3 Posted 30/11/2021 at 09:50:38
Great piece, Michael.

Best case scenario:

Moshiri sells the club to someone with knowledge of football who then quickly initiates a Saturday Night Massacre, clearing the decks of the whole putrid bunch of hangers-on, losers, has-beens and shitbags. Replacing them with no-nonsense professionals who are winners.

Worst case scenario:

Moshiri sells to a consortium led by Kenwright, Jim White and Mike Ashley. Ditches the new stadium at Bramley-Moore Dock, and renames Goodison, ‘The Bill Kenwright Memorial Stadium'.

John Hodgkins
4 Posted 30/11/2021 at 10:21:31
I think this would be the only rational way for the fiasco of the last almost six years to end. Mr Moshiri has had his fingers seriously burnt here, and, unless he can find buyers with seriously deep pockets, faces huge losses on his investment. It all has an air of inevitability about it.
John Hall
5 Posted 30/11/2021 at 10:27:46
Colin, could we call it the Bill Shitewright Stadium? Then we can all remember and always be reminded of the piece of crap who, over 20-odd years, has ruined a once great club.
Gary Smith
6 Posted 30/11/2021 at 10:31:54
Utterly bizarre this one. Everything is for sale, at the right price… so, just because Keys's mate heard ‘something somewhere' does not mean they're actively trying to sell it, nor that they've “had enough”.

With the stadium progressing so well, it'd be a bizarre time to sell. However, maybe the loss of Joe Anderson closed some of the wider “development opportunities” and it just isn't the wider opportunity the likes of Usmanov was really after.

Either way, Moshiri's got himself between a major rock and a hard place. Finding a buyer to pump in £1bn + players just isn't likely, and failing to act on the playing side could lead to another £100M+ lost if we went down.

This is a real juncture for him and the club. I think he has 3 main options:

1) Recommit for 5+ years, hire a manager who's going to invest in youthful vibrant football. Make major changes to the backroom. Sell us flying high in new stadium, or just enjoy that very thing himself.

2) Try to just survive with minimum investment for the next 3 years. Use Premier League money to clear club debts and just try to get the stadium built. Evaluate options then.

3) Find excuse to pause stadium, sell at a huge knockdown or loss, walk away with tail between legs…

My belief is that the plan with Rafa was effectively 2). However, it's backfiring badly, and he now needs to go to 1 or 3. Treading water and praying is not an option for him or us. Inaction over the next month or two and us fans must take action to force the issue. I'm grateful for Moshiri's gamble, but if he risks my club more, he needs to go.

Kim Vivian
7 Posted 30/11/2021 at 10:34:50
Nick Page
8 Posted 30/11/2021 at 10:37:23
Not one mention of the man who has overseen it all, who has been categorically been the worst owner/Chairman in the club's history and who has not only enriched himself during the entire process but has continually lied to a fanbase he and his cronies like Barrett-Baxendale have treated with utter contempt. Expect nothing else from Bill's buddies at the Red Echo:

Everton chaos shown up by Liverpool as Farhad Moshiri and Marcel Brands scrutiny intensifies

Mark Taylor
9 Posted 30/11/2021 at 10:55:13
I can well imagine that, if someone dropped a bid in excess of £500M and took on the stadium build, Moshiri and Usmanov might well bail out. But who in their right mind would pay that sort of money for us right now?

Someone with more money than sense perhaps, but we missed the boat there when the Saudi's bought Newcastle and they 'only' paid £300M.

I think they'll just try and muddle along for a bit, hoping Benitez can deliver some degree of stability. But of course, it could all fall apart – I see Tony Cascarino in the Times is now predicting we will be relegated.

Clive Rogers
10 Posted 30/11/2021 at 11:03:03
Con-man Kenwright having taken Moshiri for £billion has probably rendered the club unsaleable. At the time Moshiri bought in, EFC looked an attractive proposition, but that is no longer the case.

Usmanov has seen the writing on the wall and is heading for the hills. Plummeting towards relegation, massive commitments for the new ground and the fans up in arms. What sort of lunatic would be interested in buying into that?

This could be the end of EFC.

Barry Rathbone
11 Posted 30/11/2021 at 11:26:50
What is Moshiri worth? A couple of billion and he's already dropped £500 million? With the real possibility we could go down and his rep in tatters, this is as big a shit storm as it gets. He must pray nightly for a mug to turn up.

Personally hovering between a human rights abuser, full-on tyrant or money laundering drugs cartel. They're all minted and capable of taking out key LFC personnel before a derby – "Say 'ello to my leetle friend!!" echoing around Melwood is the stuff of dreams...

Stephen Brown
12 Posted 30/11/2021 at 11:30:03
You would hope that Usmanov and Moshiri can find a creative way to spend £50M on some key players to save their investment from relegation.

This feels serious this time!! I'm very worried we're on the path to oblivion.

Gary Smith
13 Posted 30/11/2021 at 11:30:26
Mark, the fact any of our fans would allow us to “muddle along” (some even actually aspiring to this goal) is as sickening to me tbh. If we allow it to go on, we are as complicit as they are if it ends in disaster.
Clive Rogers
14 Posted 30/11/2021 at 11:45:06
Stephen, #12, it looks like Usmanov has washed his hands of the mess we are in. Also, I don't think we can spend £50M due to FFP.
Tony McNulty
15 Posted 30/11/2021 at 11:45:08
Who knows what may come to pass?

Pretty much everything is always more or less for sale. Just a matter of the price and timing.

Moshiri can't be happy at the results of his foray into the world of football. It would be no surprise if he exited stage left.

John Keating
16 Posted 30/11/2021 at 11:50:05
Best for Moshiri to split the Club from the stadium. He might be able to sell the club and rent back the stadium.

Someone might buy the Club?? I suggest we watch the London housing market. There may well be a remortgage coming up again

Jay Wood
[BRZ]

17 Posted 30/11/2021 at 11:57:04
Why is anyone given any credence or gravitas to Richard Keys' utterances?

Read the piece. Every single word is designed to deride and be derogatory about the club and the manager.

He opens with a link to yet another painful parody of Rafa by Darren Farley, describing it as 'scarily near to the truth.' No it's not. It's just crass, contrived 'humour' typical of today's social media. He repeats this 'agent Rafa' association in his final paragraph.

Throughout the piece he calls our club 'H'everton', talks up his credentials as someone qualified to comment on 'H'everton' after working 4 years in the city.

Really? Anyone recall that? I had to look it up. He got a gig with Radio City...43 years ago.

He claims this piece isn't intended as an 'I told you so' about Everton appointing Rafa, but it most certainly is, including an imbalanced hatchet job on his signings.

He regurgitates his earlier 'exclusive' that he heard from a bloke in a bar that 'H'everton' is up for sale. At the time he wrote that, he even said 'he usually takes such stories with a pinch of salt', but because it was 'H'everton', he took it at face value and ran with it.

A shallow, trite, obnoxious piece.

Just watch the mesmerising videos of how the BMD stadium build is progressing and square that with this malicious and speculative article.

Steve Shave
18 Posted 30/11/2021 at 12:13:05
Colin 3 - your comment made me spit my tea out laughing! :)
Derek Moore
19 Posted 30/11/2021 at 12:20:56
Interesting that this has hit the news. I have stated for months that the failed European Super League would have rattled Moshiri and perhaps had him looking for the exit door. I guess we'll all know in the very near future one way or the other though.
Sean Roe
20 Posted 30/11/2021 at 12:30:45
Find a club that's run by a complete bunch of clowns, sell them Rondon for 150 million and buy our way out of trouble in January. Things will look a lot rosier for Mr Moshiri.

There must be a club somewhere that would be willing to spend big money on a poor player.......

Derek Knox
21 Posted 30/11/2021 at 12:35:50
Colin @ 3, Don't know if you have ever watched Game of Thrones, but your ideal 'Saturday Night Massacre' sounds both appealing and akin to ' The Red Wedding ' in GoT, ahem, but it should be The Blue Wedding with our surprise slaughter of those at the Top Table and their cohorts !

Don't care who we get if there is to be a new owner (which I doubt, with BMD under way) and Moshiri having bought The Liver Buildings too, seems a lot to commit to, and then sell at a Car Boot Sale to the highest bidder.

Oh and good article Michael, which I'm sure will develop into a popular post. It will be interesting to see the views of many Evertonians, who let's face it have had little or no say whatsoever, in the catastrophic (almost) series of events that have unfolded before our collective eyes over the last few years. It's like witnessing a loved one being abused or maltreated and being defenceless to intervene, or do anything about it !

Kenwright OUT!

Mark Taylor
22 Posted 30/11/2021 at 12:38:46
Gary 13,

As someone who has seen live the glory teams of the late 60's and the mid 80's, muddling along would not be my desire, more their 'ambition'.

You seem to think we, as fans, can do much about it but I don't see what. Man U fans never got rid of the Glazers nor do I see how we can get rid of the current lot. There are no means to do so given there is a clear majority owner. In theory a boycot of live home games might work but they are hard to make work and are arguably self defeating. Moshiri either sells- and if he asks for north of £500m I doubt there will be takers- or he holds tight.

John Kavanagh
23 Posted 30/11/2021 at 12:50:23
Don't forget that the EPL are also holding discussions to end parachute payments for relegated teams. Who do you think they have pencilled in to be the first victims of this change, ably assisted by fatty Jon Moss and his VAR? We are marked for death by the ESL gang and can do nothing about it, but our plight is our own fault courtesy of Chairman Bill and his chosen investor.
Colin Glassar
24 Posted 30/11/2021 at 12:55:47
Maybe a Blue Wave (to use an American political analogy) Derek? To wash away 30 plus years of shite!
Derek Knox
25 Posted 30/11/2021 at 12:57:18
I meant to add to my post before @ 21, should it come to pass that we do encounter resignations and the sale of what remains of the Family Silver (very tarnished) it could be a recipe for success. I know it's Mythology, but look what happened with The Phoenix !

I don't mean the pub in the Dingle on Cockburn Street either. :-)

Tony Abrahams
26 Posted 30/11/2021 at 13:36:29
Very well written Michael, but like most things Everton, all’s we can do is try to read between the lines, and speculate.

The silence coming from the club does seem deafening, it’s like someone has switched on a disconnect button, because this is how a very large proportion of the fans are currently feeling right now, very disconnected from our club.

If the rumours that I’m hearing are true, then the only way those fans pleading to see the back of Benitez, are going to get their wish, is if the man walks, because I’m hearing there isn’t much money available, to strengthen the squad, but hopefully it is just a rumour.

If the club is for sale, then my biggest concern is obviously going to be for the chairman, because it’s going to be a very sad day for Mr Kenwright, if the new owners decide he’s not for them.

Don’t worry Brian M, I’ve been saving up mate: singing we don’t care how late it is!!

Barry Hesketh
27 Posted 30/11/2021 at 13:38:29
Derek @

I think the link below is more appropriate?

Brian Potter

Dave Lynch
28 Posted 30/11/2021 at 13:54:22
Worst case scenario... Kenwright builds a consortium as someone has already stated.

My God, what an awful thought, surely we're worth more than that.

Clive Rogers
29 Posted 30/11/2021 at 14:06:06
Tony, 26, it’s not a rumour that there’s not much money available. There isn’t because of FFP.
Tom Bowers
30 Posted 30/11/2021 at 14:21:27
These are dark days indeed for the club and could only be worse if they were at the last month of the season and down by the bottom.

The possible life saver is that it is still early in the season and there is lots of time to get back on track once the full squad is available and fully fit.

Okay, we will not be able to match the ''big boys'' but at least.
we may be more competitive against the likes of Watford and Brentford.

We still have mountains to climb and recent performances do not indicate we will get any wins soon with RS and the Gunners coming up.

Obviously when a club appears to be in turmoil on the pitch the media will speculate on all kinds of things going on so we have to take that with a pinch of salt until the club makes an official statement.

Clive Rogers
31 Posted 30/11/2021 at 14:22:00
There won’t be a new owner. The club is in such a mess that it is unsaleable. Unless of course Moshiri is prepared to lose upwards of £1billion.
Michael Kenrick
32 Posted 30/11/2021 at 14:26:20
Thank you, Tony. It is really just musings and, as you say, all we are reduced to now is speculation.

I see Patrick Boyland in The Athletic is all over your 'disconnection' theme and it is so close to saying we're 'disunited' as a club and fanbase (dis)continuum, which I know you feel strongly about.

Jay's critique of Keys cannot be faulted but what interested me more was the (personally I think extremely faint) possibility that someone could come in and buy the club. The relevance of that to current threads is I think it could be perhaps the only way in which the many-voiced wishes for a clean sweep, a clear-out, a top-to-bottom blood-letting could have even the remotest possibility to be satisfied.

The other way would be if Benitez himself is the new broom, installed by Moshiri to do said sweeping and cleaning. This requires a positive and indeed generous interpretation to the virtually incoherent ramblings of one Jerome Shields – at least, I think this is what he is saying…

The irony there, of course, is that swarms of fans who have voted for the complete internal purge are also showing strong support for getting Benitez the hell out of our club!

David Pearl
33 Posted 30/11/2021 at 14:32:02
I think normally sane people should wind their necks back in. Richard Keys!? The guy that got sacked from Sky for some drivel that spilled out his mouth. He should keep it shut instead of getting his 2 cents in the papers.

Benitez won't be going anywhere yet. Neither will Moshiri. Players are now returning from injury and we will settle down and improve.

The next set of players we bring in have got to be successful. No more mistakes. I don't know why but we haven't had any loan players come since Zouma (or did l forget someone).

Mike Keating
34 Posted 30/11/2021 at 14:33:14
Kim @ 7 - couldn’t have put it better myself
Mike Keating
35 Posted 30/11/2021 at 14:33:15
Kim @ 7 - couldn’t have put it better myself
David Pearl
36 Posted 30/11/2021 at 14:34:21
What is for sale is 1 Derby Ticket for tomorrow. £50 face value
07368456214
John Boon
37 Posted 30/11/2021 at 14:34:21
Kim Vivian (7).
Exactly how most Evertonians feel right now!!
Clive Rogers
38 Posted 30/11/2021 at 14:39:25
Michael, 32, there is no way Moshiri could possibly sell the club at present. The team is plummeting towards relegation, there is fan unrest and upwards of £400M to be found for the new ground project. Also our last accounts showed a record loss of £128M and there was speculation on talksport that the next accounts could show a loss of £170M which would plunge us even further into FFP problems. Unless someone can find a lunatic worth a few billion.
Gary Smith
39 Posted 30/11/2021 at 14:43:31
Mark @ 22, few things in life are easy, but that is no reason not to try. The shite got their yank owners outed, we got Johnson out before now (chip fan and fire), and United at least got the owners to invest heavily and sell a % of shares. Anything is possible if we all come together and fight for it.
Jay Wood
[BRZ]

40 Posted 30/11/2021 at 14:51:03
Michael K, given your extremely well-informed comments on the stadium build I can only presume you know your stuff from working in the industry.

Personally, I am as I wrote above mesmerised and hugely impressed at the engineering and detail shown in the BMD stadium build videos of recent weeks.

What's your take on how things are progressing on that front?

To me, that the build started as promised and is progressing as it is makes for much more bona fide evidence that Moshiri is sticking around than anything Keys writes, or Jerome's unique 'evidence' he is given to sharing with us.

Jacques Sandtonian
41 Posted 30/11/2021 at 14:54:23
There is ZERO chance of a buyer who’s willing to pay £500m for the club plus finance the stadium, even if the club is something of a distressed asset. Would that £500m be the price of the club? If so what of the debt incurred by Moshiri pumping money in? Moshiri is stuck with the club and his choices are very narrow. He can’t invest in players without incurring penalties. All he can do is sack personnel and invest in infrastructure like the stadium and Finch Farm, and hope that we avoid relegation to regroup next season.
Tony Abrahams
42 Posted 30/11/2021 at 14:59:40
I know you think that Jerome is sometimes incoherent Michael, but being difficult to understand, is something I’ve been told a million times, and that’s just from the people who are close to me, but sometimes I query if he his just reading in between the lines, (so to speak) or he has actually got some inside information?

I haven’t read the athletic report, but it’s something I now feel, every time I go to Goodison, and I don’t know if it’s because we have got Benitez in charge, or it’s because of the way we have been constantly mismanaged since Moshiri came in?

Some people maybe thought that once we got money we would be fine, but anyone who knows “anything” about football/life, also know that things don’t grow without a proper foundation.

I maybe shouldn’t write this on here, but I’ve heard that Benitez was told by a few very close aids, that he shouldn’t take the Everton job, (they wanted him to wait for Newcastle, knowing what was going to happen there, was just around the corner) and his reply was that “if they give me some money, I know I can do a great job for Everton” but wether he gets any money is another matter, because he’d probably just settle for having his better players back right now?

Alan J Thompson
43 Posted 30/11/2021 at 15:03:45
In order to sell, you first have to find a buyer and who would look at any business in the mess Everton is unless it is the only opportunity available in it's line?

I don't suppose Mr Usmanov is about to step out into the open and if that might create some way of legitimately injecting transfer funds. Or perhaps Mr Meis's company is looking for a new showroom.

No great Sheiks in town, is there?

Benjamin Dyke
44 Posted 30/11/2021 at 15:07:49
Everton has the feel of a sinking ship at the moment. Bill will still be there reminiscing about the Boys pen and what might have been at Bramley Moore docks. Our best players will leave and we'll get Moyes back when he's 75 years old and 'ready for one last go'.

It's all so depressing following Everton right now. It doesn't help that it coincides with that lot on the edge of a golden dynasty - thank goodness for Man City and Chelsea that keep them in their place.

I wish I could end on a positive note but I've looked down the back of the sofa and there's nothing left except bits of paper with Riquelme and NTL written on them. Those were the days:

The deal that got away – by two hours

Nick Page
45 Posted 30/11/2021 at 15:19:14
There’s always that man that knows more about finance than anyone ever….the great, Phil Green. Failing that we could give Chris Samuelson a call.
Jay Harris
46 Posted 30/11/2021 at 15:20:30
Jay Woods comments make perfect sense.

Richard Keys is a no mark and hates Benitez so will do or say anything to undermine him and the club.

Who in their right mind believes that Usmanov and/or Moshiri would whisper in Keys and only Keys ear that the club is up for sale.

I prefer to believe in my own blind optimism that the stadium will be built and the many investment opportunities that brings to be exploited by Moshiri and Usmanov because that is where the real financial returns are which is why Moshiri only wanted to spend 5% of his time on football-related matters (apart from playing FIFA Manager now and again).

We need a slow steady build from midtable which will take years and patience which seems in such short supply in the modern game.

Barry Hesketh
47 Posted 30/11/2021 at 15:22:14
Jay @40,

I'm not certain that Moshiri funding the first part of the stadium build is totally reliable as to his future commitment to his Everton project. Wasn't that element originally supposed to be funded by outside investors?

If he has chosen to fund the first phase himself, wouldn't that mean that any potential buyers of Everton FC would be tied into the building of the stadium, and that Moshiri can price his outlay into any potential sale?

Jay Wood
[BRZ]

48 Posted 30/11/2021 at 15:34:24
Barry, Keys originally made the claim that he did about EFC being up for sale late September.

The club first broke ground in the stadium build more than a month earlier, in early August.

On that timeline, why would Moshiri commit to the build if as claimed he was looking to sell?

Wouldn't a less risky option have been to 'delay' the start date to enable him to more easily wash his hands of Everton as Keys wishes us to believe?

It just doesn't add up to me.

Brian Wilkinson
49 Posted 30/11/2021 at 15:36:20
Keys is stirring the shite up trying to get the fans to turn on Benitez tomorrow against all teams his former club.

We can either fall in the trap, or we can for 90 mins make Goodison a bear pit, then worry about anything after the final whistle.

All this may be true, but tomorrow night, I will be shouting my bollocks off for the team, the team might lay down, but I am not having those red shite out singing me and taking the piss.

Goodison needs us more than ever tomorrow night, get behind the team, just for those 90 mins please.

Tony Everan
50 Posted 30/11/2021 at 15:37:03
I am in full agreement with the comments about Richard Keys. He is coming across as a man with an axe to grind. Is there any facts or evidence to this at all or is this just hearsay from an outdated and boring commentator trying to get himself some publicity. He strikes me as someone who is desperately to keep himself relevant.
Derek Moore
51 Posted 30/11/2021 at 15:44:48
The structure of the new stadium financing is fairly murky at best. The initial proposal - a Special Purpose Vehicle set up by the council with the club "topping up" the remainder of the project expenditure - seems to be in some doubt, with more recent reports indicating a syndicated debt package. This would be more indicative of the club going it alone, or at least assuming the lions share of the financing for the project.

Only those closest to the project can know for sure what the finance arrangements are.

It's also important to remember that any stadium financing and Everton, in theory, can be quickly and easily legally separated. Moshiri could sell the club and maintain control over the stadium project, almost certainly through a leaseback arrangement. BMD, on it's own, doesn't necessarily preclude a sale of the club. The Ricoh replacing Highfield road is one example of such an arrangement.

Paul [The Esk]
52 Posted 30/11/2021 at 15:57:52
Just for reference, Moshiri has spent/committed to close on £685 million to date. £450 million in loans and equity, £135 million to purchase the equity of existing shareholders (Kenwright, Woods, Earl, Abercrombie) and is paying/underwriting the first £100 million of costs for Bramley-Moore, the latter to increase the probability of the stadium being completed for the start of the 2024/25 season (given the delay to the debt funding).

The prospects of him recovering that amount or even close to that amount in the short term must be viewed as extremely slim. Of course, he might be prepared to sell at a loss, who knows?

Brian Wilkinson
53 Posted 30/11/2021 at 16:06:22
Thanks, Paul, I cannot see Moshiri selling up until at least the new stadium is built and it becomes a decent investment for future buyers.

I am sure with even taking into account a £400 million loss, Moshiri still made a clear £10 million profit for the year in question, on all his investments. Pretty sure I read that somewhere.

Rob Halligan
54 Posted 30/11/2021 at 16:09:55
Jay # 48. It just doesn't add up because it's all a bag of shite.
Rob Halligan
55 Posted 30/11/2021 at 16:25:26
Brian # 53. It was reported back in June by the red echo that Moshiri and Usmanov were due to take a share of a near £500M dividend payable from USM Holdings, split four ways, with Moshiri getting 10% of the dividend, about £50M, and Usmanov 50%, or about £250M. Now to me, a dividend is paid out annually, and although I cannot find any record of this dividend being paid all the time Moshiri must have pocketed around £250M in the time he has owned the club. Maybe someone could find out more on these dividends paid by USM Holdings?

Everton owner Farhad Moshiri and Alisher Usmanov set for £500m boost

Jay Wood
[BRZ]

56 Posted 30/11/2021 at 16:26:59
Cheers Rob.

I'm impressed you are fluent in accounting terminology!

Barry Hesketh
57 Posted 30/11/2021 at 16:27:17
Tony Abrahams
58 Posted 30/11/2021 at 16:30:52
That is a staggering amount of money that Moshiri has committed, and this from someone who didn't want Everton to take up to much of his time. Incredible.

I've got a Liverpudlian doing some work in my house now, Michael, and I asked him did he think the way their fans got together to try and get Hicks and Gillette, out of their club, brought them closer together?

I'm an arrogant fucker sometimes though because I just walked out the room and never even waited for his answer!

It would be nice to hear that from Moshiri himself, Barry, hopefully when he's thanking Mr Kenwright for his services, when he appoints a new chairman!

Bill Hawker
59 Posted 30/11/2021 at 16:38:29
...or Usmanov just buys out Moshiri, Kenwright, the lot, wipes the slate clean, purges the house of the toxicity that's been here since Moyes left, and starts fresh. New board, new manager, new players, new stadium. What's not to like?
Brian Wilkinson
60 Posted 30/11/2021 at 16:40:30
Those close to Moshiri and Usmanov have said it is all shite, well not so much those words, but both have no intention of cutting ties with Everton Football Club.

Whether that changes after the stadium build and we are a proper prospect to sell, who knows. But I just do not see them both walking away, with a new stadium on the horizon.

So we have had this story, we have had Klopp going on about a physical game to give a nudge to the officials, pretty sure the next one rolled out will be Virgil...

Mike Gaynes
61 Posted 30/11/2021 at 16:43:53
Gary Smith #13...

"If we allow it to go on, we are as complicit as they are if it ends in disaster."

"Anything is possible if we all come together and fight for it."


What are you talking about? Some sort of fan base uprising? Legal action, unfurling banners in the stands, or just marching around with signs?

Sorry, I think that's pure fantasy. The RS fans didn't get Gillette and Hicks out (despite the death threats), it was their own relationship breakdown and Hicks' unrelated financial problems. And the Manure fans haven't had any genuine impact on the Glazers' activities, no matter how much they might think so. (Manure fans are delusional anyway.)

We supporters can certainly make our feelings known, but we won't have any real influence, let alone actually forcing a change. It doesn't work that way. And any assumption to the contrary likewise assumes a united fan base, which isn't the case. I for one would like to see Moshiri stay, not sell.

Mike Gaynes
62 Posted 30/11/2021 at 16:59:09
Rob #55, dividends can be quarterly, annual or one-time. USM Holdings is privately held, not publicly traded, and doesn't have to maintain a regular dividend schedule or report those things to anybody. Usmanov and Skoch, who together own 79% of the company, aren't answerable to anyone.

Barry #57, cheers for finding and posting that one.

Tony #58, I assume he's working for food, right? You wouldn't actually be paying a Red money to work in your house?

Rob Halligan
63 Posted 30/11/2021 at 17:01:35
Cheers Mike. I thought I was talking rubbish when I posted earlier on about the dividend payments. 😁😁😁😁
Martin Mason
64 Posted 30/11/2021 at 17:02:32
Every club is for sale at the right price.
Christy Ring
65 Posted 30/11/2021 at 17:03:49
Utter rubbish as far as I'm concerned – especially with the new stadium started, and coming from Richard Keys, another Jim White full of crap.
Dale Rose
66 Posted 30/11/2021 at 17:05:38
Richard Keys, what a load of shite. All journalists have the morals of a cockroach. ToffeeWeb editorial staff excepted of course.

I think there will be great change coming through the club, no doubt Usmanov will be a prime mover in this. I think he is the only one ruthless enough to make his investment bear fruit. This could be a good thing for the club, it's been a stagnating giant for too long.

Mike Gaynes
67 Posted 30/11/2021 at 17:19:23
Slow your roll there, Dale. Some of us cockroaches have feelings, ya know.

But kidding aside, Keys is not a journalist. He's never investigated a fact in his life. He's a commentator whose paycheck is entirely dependent on pissing people off to increase ratings. I used to see him on BeIN here in the states from time to time. He's basically the Sean Hannity of football coverage.

Rob Halligan
68 Posted 30/11/2021 at 17:22:33
Dale Rose
69 Posted 30/11/2021 at 17:29:20
Point taken Mike.... I shall put you down as an exception at once.
Jerome Shields
70 Posted 30/11/2021 at 17:49:35
I can understand the logic of this article. But have my doubts who would be prepared to pay 1 billion and clear out the whole edifice. I would be wholely in favour, but things are so embedded in the structure the arogrance reeks the place out.

Of course everything is up for sale at a price, so it is not beyond the realms of possibility that there are feelers out there.

It is interesting that qualification. for Europe only kicks in the FPP rule. So why was there no money for Benitez. Did Brands not ask for it?

Brian Wilkinson
71 Posted 30/11/2021 at 17:50:00
Tony and Rob, pair of those Reds shithouses, sticking the boot in and doing everything to remind the officials.

Have no fear the owners walking away, the trying to get fans against Raffa for this game, all to try and divide Evertonians.

What they are not banking on is just how passionate our fans are, Goodison is going to be a bear pit tomorrow, 36,000 Evertonians who hate the Red shite with a passion will be sticking two fingers up to them and getting behind the team.

Vinny Jones made that mistake of underestimating our fanatical support.

We may not win tomorrow, but I am pretty sure every single Evertonian there tomorrow, will be giving their all.

Let’s have another Bayern night, and make the old lady rock.

Paul Hewitt
72 Posted 30/11/2021 at 18:02:35
So we are stuck with Moshiri. Give me Bill any day.
Brian Murray
73 Posted 30/11/2021 at 18:13:54
Tony A. Then words I thank the chairman for his services is beautiful and I’d rather hear that than six favourable lotto numbers such is my wanting him gone. The day it happens we will grow and take over the premier league ( or at least be relevant). It’s crucial so we can hang on to the next generation of fans
Derek Knox
74 Posted 30/11/2021 at 18:18:40
Brian @ 71, " Let’s have another Bayern night, and make the old lady rock."

Great idea with one flaw, well a few actually, we had decent players then !

Paul H, You are even more deluded than I could ever have imagined, the man is a cross between a latrine personified, and a used colostomy bag !

Brian Hennessy
75 Posted 30/11/2021 at 18:18:48
Whatever about the club being up for sale, I am a bit surprised and frankly disgusted to see the club openly publicizing a New York Times article today which claims that the club may need to sell Calvert Lewin in the summer.

I know the "What The Papers Say" daily feature the club puts out "does not necessarily reflect the views of Everton" but surely giving credence to rumours such as this is counter productive, unless of course the article is true and we are openly seeking buyers for our only half decent centre forward?

Rob Halligan
76 Posted 30/11/2021 at 18:23:29
Derek # 74. There is one village definitely missing it's idiot!
Brian Murray
77 Posted 30/11/2021 at 18:25:27
The gypsy curse on gods little acre comes in the form of a panto buttons welling up at any given time. Time to do one dreamcoat dope
Colin Glassar
78 Posted 30/11/2021 at 18:28:15
Not to worry lads, the red echo has some nice pics of big orange and yellow machines moving tons of mud around to distract us. All is well.
Dale Self
79 Posted 30/11/2021 at 18:28:21
Whether true or not the talk is good in this case. I particularly liked the last paragraph Michael. Given the talk and Rafa's positioning the pressure begins on Moshiri and all. There is still a lot of money on the sidelines in the big world looking for a parking place. I've seen Mike G suggest better money can be made elsewhere but I do believe there is always another sucker in the PL ownership carousel. Just don't go for some Bitcoin creep, thank you.
Paul Hewitt
80 Posted 30/11/2021 at 18:28:25
Least with Kenwright we where regular top 7. This clown will have us bottom 3.
Brian Murray
81 Posted 30/11/2021 at 18:31:23
Rob. The kopite media are queuing up to dance on our grave. Any positive blue is ok in my book. Deluded or not we’re Everton aren’t we. I’d rather die with our history than live with theirs. Billy Shakespeare 1878 unquote
Kieran Kinsella
82 Posted 30/11/2021 at 18:43:15
Brian Hennessy

That is likely the club's actual strategy to sell DCL. They've given up on Marcel wheeling and dealing so now they just rely on media gossip pages to drum up interest.

Derek Knox
83 Posted 30/11/2021 at 18:43:47
Rob @ 76, Name that Village ? :-)
Rob Halligan
84 Posted 30/11/2021 at 18:47:54
Derek, not strictly a village, but St. Bellends comes pretty close! 😁😁😁😁
Brian Wilkinson
85 Posted 30/11/2021 at 18:50:03
Derek, I am not talking about a Bayern performance, those Days are long gone, but the fans can play their part by trying to create an atmosphere, to try and rock the old lady one last time.

The other option is create a library atmosphere and roll down and let them walk all over us.

If the fans can at least do their part, then at least we the fans have tried, any protests leave to the final whistle.

Derek Knox
86 Posted 30/11/2021 at 18:58:20
Rob @ 84, Aye, that figures really !
Kieran Kinsella
87 Posted 30/11/2021 at 19:06:11
Next summer there are a lot of players out of contract around the league. With the shambles going on at Everton. I could see us doing a classic Kenwright summer and transfers being something like this:

Exit:
Pickford to Spurs 30 million plus add ons if he grows an inch
Richarlison on loan to PSG for one year with option to buy for 50 million
DCL sell to Teta for 50 million
Mina loan to Inter with option to buy for 5 million
release: Delph, Dobbins, Tosun

Free transfers in:
Longstaff
Tarkowski
Sam Johnstone
A couple of 17 year olds from semi amateur teams in Iceland and New Zealand

Robert Tressell
88 Posted 30/11/2021 at 19:26:28
Moshiri, I think, initially had very big ambitions - and he enjoyed being a visible, colourful character.

However, his first few seasons undershot those ambitions by some measure and owning Everton no longer looks fun.

He has a stadium project to give him purpose and maybe some return on investment - but footballing success is now further away than it was when he took over.

The Newcastle takeover is a game changer even if they are relegated - and it seems unlikely we won't see some form of Superleague in the near future (which we will not be part of).

Moshiri may now want to sell (who knows) but it's very hard to see why anyone would buy.

So we might be stuck with a disinterested chairman - and fairly reduced financial clout for the foreseeable future.

Brian Wilkinson
89 Posted 30/11/2021 at 19:31:02
I hope we put up a better effort than Latvia women on it 4 against England 6 down already after 30 mins.
Paul [The Esk]
90 Posted 30/11/2021 at 19:33:37
No one is ever a willing seller in business. So the denials can be taken with a pinch of salt. I doubt though Moshiri sells now as in terms of the value of the club we are at a very low point (assuming we remain in the PL).
From Moshiri's perspective, our finances start to improve 2022/23 onwards, the stadium adds to the value of the business, more revenue etc.
Would be odd timing but it is also true that there are many potential buyers sniffing around PL clubs at present, tonnes of institutional cash in the US looking for a home.
Not many valuation models though get anywhere near the amount Moshiri has invested to date
Will Mabon
91 Posted 30/11/2021 at 19:34:05
I'm not giving this rumour any credibility.

However, in the theme of worse case scenarios speculated above, for any masochists in the mood for self-flagellation, imagine the stadium project being taken over and completed by... the RS.

Tony Abrahams
92 Posted 30/11/2021 at 19:45:47
He would have to stay longer if he was working for food Mike! and it was one of my red mates who generously gave you your ticket for Anfield, after I told him your situation.

Some of them are alright, but put them all together and I fucking hate them!

Iakovos Iasonidis
93 Posted 30/11/2021 at 19:46:04
To be honest I feel sorry for Moshiri, he clearly knows nothing about football, but apart from that he spent a huge amount of money and he seems to genuine want the well being of Everton. I blame his advisors for what our team has become under his reign. What a lost chance...
Bill Gall
94 Posted 30/11/2021 at 19:49:51
Shame that as soon as someone with the reputation, or lack of, like R.Keys who would struggle to predict what date Christmas Day falls on,makes a statement, people jump on it as the truth.
Barry Rathbone
95 Posted 30/11/2021 at 19:57:13
The echo printing "sources close to " deny the prospect of a sale bears all the hallmarks of damage control and almost certainly confirms Mosh has his bags packed for a swift getaway a la Ancelotti. He might be clueless about togger but understands holding yourself to ransom with your own words is monumentally dull.

The echo saying he's staying means he's gone.

Bill Gall
96 Posted 30/11/2021 at 19:59:33
Lakovos
I don't believe that your statement of Moshiri/ that he clearly knows nothing about football is correct. He was a major shareholder along with Usmanov at Arsenal during the Wenger years and if he did not know anything about football before that he must have learned plenty during that time.
Lyndon Lloyd
97 Posted 30/11/2021 at 20:09:25
"...with Everton's losses well exceeding the 3-year limit allowed, but these would only apply if Everton qualified for Uefa competition..."

Don't think this has been addressed yet but I think the £105m limit over three years is imposed by the Premier League. Uefa have their own limit (€30m a season, is it?) so we are massively constrained where our spending is concerned, regardless of Europe, albeit with no precedent yet for what penalties will be levied by the PL against a club that breaks the rules.

Everton might be benefitting from some leniency due to the impact of Covid to a degree and the fact that we spent practically nothing over the summer by way of acknowledgement that we're well over the threshold.

Tony Abrahams
98 Posted 30/11/2021 at 20:24:25
I honestly don’t think the echo, have that much knowledge about what’s happening behind the scenes at Everton, anymore Barry, but for Usmanov, to deny something he’s not supposed to be involved in, doesn’t make sense at all.
Bobby Mallon
99 Posted 30/11/2021 at 21:53:43
Why do people think the club is worth 500 million. Is it because we have spent 500 million, I I don’t think it works like that. That 500 million has been on players. Those players have now been sold or have less than a yr left. I have just added up the players bought since Moshiri bought the club Feb 2016 and it comes to 492.4 million. But we have also sold 280.6 million worth of players in that time. So we have really spent 211.8 million on players.
Tony Abrahams
100 Posted 30/11/2021 at 22:02:31
So around £35 million per year Bobby?
Jon Wit
101 Posted 30/11/2021 at 22:07:12
When Moshiri came in and we started throwing silly money at distinctly average players like nobody had a clue - I'm sure I wasn't the only one who wondered whether it would come to this.

With rising costs in materials and a stuttering world economy, BMD is also likely to be a challenge - not that you could really blame anybody for that. I do hope to still see that stadium however.

Difficult to see why the club would be more attractive now than when Bill was trying to sell it the last time.

Paul Kossoff
102 Posted 01/12/2021 at 00:17:57
Any bets on Moshiri selling up, a multi-billionaire Arab coming in to take us to the promised land. The powers that be calling in the integrity of the buyers and not allowing the sale to go through, (which indecently would make us the richest club in Christendom).

Any bets? We are, after all, Everton.

Don Alexander
103 Posted 01/12/2021 at 01:05:36
Bill (#96) the fact that Moshiri was used by Usmanov to bolster his attempted take-over of Arsenal to the cost of Stan Kronke does not imbue our owner with football know-how IMHO. He's merely Usmanov's "yes-man" and, from reports on this site when he bought in, Moshiri craves "yes-men" too.

Indeed since he bent over a barrel for Kenwright, bizarrely paying half a £billion on top of the cost of the shares to get fucked for six years of Bill's now "enhanced" chairmanship, he's shown zero business, people or accounting know-how either.

Still, if we all completely take our eye off the ball some of us (not you BTW) can fantasize about getting some sort of result against THEM at our place can't we?

Mike Gaynes
104 Posted 01/12/2021 at 01:46:01
Tony #92, I know that, and I'd love to buy the fella a Guinness someday if you re-introduce us. But as far as I'm concerned it's you and your pa who get the kudos for that evening!

Robert #88, I'd contest you on that last statement. For better or worse, I don't think anyone has seen the slightest sign that Moshiri is disinterested. On the contrary, there are many here who would opine that we'd be better off if he was less participatory, particularly in signing managers.

Laurie Hartley
105 Posted 01/12/2021 at 04:27:13
If Usmanov is behind us, I don't see him as being the type to give up at this stage of the game. I reckon he is still smarting from the Arsenal affair.

If, however, Moshiri is on his own, he might be willing to cut his losses and, as I said on one of Paul's (the Esk) recent threads, I think there would be interested parties provided the price was right.

The investment in the stadium is, in my opinion, a good bet for Moshiri. I think it will be completed in the timeframe and close to budget, at which point he will have both a saleable asset and a significant regular revenue stream.

If at that point, Everton are still in the Premier League, he will be whistling Dixie. The same goes for any new owner because Moshiri would literally have done the ground work for them.

Apart from all that, we all know that what really matters is that in the meantime we maintain our Premier League status. There wouldn't be an Evertonian on the planet who isn't despondent about our current situation. The vultures in the press and media can smell blood and I suspect would rejoice to see us relegated.

So what can we do? – What Brian Wilkinson @ 71 suggests.

Brian Wilkinson
106 Posted 01/12/2021 at 10:58:16
Thanks, Laurie, I should have worded my post better earlier, I was referring to a Bayern night as in how the supporters got right behind the team. Not for one moment was I deluded enough to think this current team could put in a Bayern performance.

We simply have to at least try and create an atmosphere early doors.

Robert Williams
108 Posted 01/12/2021 at 19:42:20
The only man that is going to buy Everton is Usmanov – he has started a project on Merseyside and will certainly have seen the opportunity to invest more in the new dockland area.

Moshiri is an accountant and as such should be well in a position to manipulate some capital losses for himself.

So we have the answer, which of course will see the end of Bill and the old guard when the Cossack starts wielding his sabre, à la Abrahamovich style.


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.


About these ads



© ToffeeWeb