Ukraine crisis and possible impact on EFC

by Billy Birmingham | 30/01/2022

9 Comments [Jump to last]

Hopefully today's a good day for Evertonians, if the new manager is officially confirmed.

But in view of the Ukraine situation, could this potentially impact Everton's development of the new stadium at Bramley-Moore Dock, and the financial support structure of the club, in view of any economic sanctions that are taken out against Russia?

I'm not in the know of how the business funding model works at Everton, but it seems that potentially the UK could take out sanctions against Russian businesses and their assets and these businesses and assets could be locked if, God forbid, the worst happens.

Hopefully there will be no conflict but it raises the questions of the influence, and actual backing of the Big Uzbek, Alisher Usmanov at Everton.

The last thing Everton need now is a high level books audit.

Hopefully diplomacy will win the day.

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Reader Comments (9)

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Kieran Kinsella
1 Posted 01/02/2022 at 03:15:07

Interesting point, Billy. Activists have pushed the government before to sanction oligarchs as a way of hurting Putin.

John Zapa
2 Posted 02/02/2022 at 11:26:03

Even without the risks and complications that a potential war could cause, the stadium funding is still not yet secure. I've been writing about this here for many months, and there is absolutely no clarity on this subject. The stadium construction will stall in a few months if no funding is secured. It doesn't help that the club will soon announce very high losses in the next set of accounts

Alan J Thompson
3 Posted 03/02/2022 at 07:29:27

On the other hand, it could be that there is £200M owed by Everton but looking like it originated from Monaco.

W C Fields even opened an account in Berlin at the start of WW2 with the words, "Just in case the little bastard wins".

I know, doesn't seem to fit in with the thinking and forward planning at Everton.

Jerome Shields
4 Posted 04/02/2022 at 08:37:32

Moshiri is Iranian-born, lived, studied and worked in the UK, and now lives in Monaco. Everton with offshore control is offically run by an encumbent regime with a UK Chairman who has cordially relationships with the authorities, making full use of his luvie persona. . .

Usmanov is three steps ahead.

Geoff Cadman
5 Posted 04/02/2022 at 22:01:53

This was discussed after the nerve gas incidents in Salisbury. I think Usmanov is from the Ukraine and also a British citizen.

I am more concerned about the impact on his assets in the Ukraine if Putin invades. Most of our sponsorship comes through his companies.

Kieran Kinsella
6 Posted 04/02/2022 at 22:21:47

Geoff

Wrong U. He's from Uzbekistan

Geoff Cadman
7 Posted 05/02/2022 at 10:32:17

Kieran, thank you â€“ a mental block on my part. Still a big worry though.

Liam Wilson
8 Posted 05/02/2022 at 11:15:16

â€¦..it's Ukraine.

Not "THE" Ukraine

Gary Jones
9 Posted 05/02/2022 at 11:21:08

Some tetchy feckers on here...

Personally love the weather in “THEâ€ UK, but I'd much prefer THE UAE.

Breathe, Liamâ€¦.

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