The Guardian's northwest correspondent, Andy Hunter, assesses Farhad Moshiri's "nearly ruinous" ownership of Everton following the news that the British Iranian businessman has agreed to sell his 94% stake in the club to 777 Partners.
"The last six years have invited criticism the club’s erratic owner has created a mausoleum instead [of the museum he insisted Everton couldnt become]. And yet, despite the decay, the debts and the descent of the nine‑time champions of England, there is more trepidation than jubilation among the fanbase at confirmation of Moshiri’s planned exit.
"777 Partners, Everton’s prospective new owner, must allay not only the concerns of the Premier League and the Financial Conduct Authority (FCA) in its attempt to secure the club’s future."
» Read the full article at The Guardian
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2 Posted 16/09/2023 at 16:57:27
And the Norwegian thing is the Josimar article that's been linked to already a number of times. Whether the misdemeanours of 777 Partners will be sufficient to stop this happening remains to be seen…
3 Posted 16/09/2023 at 19:41:15
“The perfect partner to take the club forward” was Bill Kenwright's description of Moshiri when the initial investment was announced. Moshiri was the perfect partner for Kenwright, not Everton, allowing the chairman to remain in the role to this day when his first act should have been to clear out the underperforming board he inherited. Everton's decline predates Moshiri. It just accelerated the declineâ€
4 Posted 16/09/2023 at 19:58:26
I can't help but feel if Moshiri had ditched Blue Bill when he first bought into the club things wouldn't have turned out that much differently.
If a more astute owner, prepared to spend more than 5% of his time on the club, had bought into Everton back then, even if they had retained Blue Bill as Chair, I think we'd be in a much, much better place.
5 Posted 16/09/2023 at 20:00:29
6 Posted 16/09/2023 at 20:25:08
As the local beat journo on the football side of things, you really do have to separate him from the those "investigative journalists" that have been publishing the more inflammatory stuff about the club's financial issues for that paper in recent months.
I've always found Andy to be pretty much spot on with his assessment of EFC, both on the field and off it.
7 Posted 16/09/2023 at 20:34:02
I think Tony Everan at 3 makes my point for me, it's a fair and balanced article with nothing new maybe but informative nonetheless.
8 Posted 16/09/2023 at 20:47:06
9 Posted 16/09/2023 at 20:51:29
Andy Hunter has followed the trend of critical/derogatory articles on EFC.
10 Posted 16/09/2023 at 21:56:59
The closest Hunter comes is talking about the "underperforming board he [Moshiri] inherited". But hang on a minute — that was 7½ years ago! And this local beat journo on the football side of things only now has the balls to sort of call a spade a spade?
But then we've had to suffer a sickening defence of the utterly useless CEO who presided over this almighty clusterfuck, so I guess I shouldn't be too surprised.
11 Posted 16/09/2023 at 21:58:36
12 Posted 16/09/2023 at 22:23:12
If a more astute person would have bought Everton, then even if he had retained Blue Bill as chair, then I think we would have been in a much, much better place!!
I'm scratching my head and smiling at that cracker mate, because I'm certain a more astute person, would have simply just fucked Blue Bill right off.
I personally think the last sentence of Hunter's article is the most telling and explains perfectly why Farhad was the exact type of man that Mr Kenwright had been waiting donkey's years for, imo.
13 Posted 16/09/2023 at 22:33:31
And just for added seasoning, there's Richard Keys's interview with Moyes (if I remember correctly, this was Moyes before he got his mojo back) who stated he was over in Germany with Moshiri and a hinted at 'other' to sign his contract to return as Manager, then Ancelotti got the sack and it fizzled out.
Would that have changed anything – who knows? I do know one thing though: Moyes wouldn't have been tapped up by Real Madrid, so thus probably no eventual Benitez.
But no doubt Dumb and Dumber would have still found ways to fuck it up.
14 Posted 17/09/2023 at 00:39:35
Whichever it was, it doesn't reflect well on him, as majority shareholder, owner and chief decision-maker (if, indeed, he was and it wasn't our man in Germany/the Med the whole time), well at all and simply reinforces the arguments against him.
I'd also say that the likes of Hunter and McNulty have been writing critical stuff like this for a long time now; certainly since the Benitez debacle which is when the writing was very clearly on the wall for anyone still in doubt that Moshiri was making a mess of things. They haven't suddenly come to a realisation but the evidence against Moshiri, with two scrapes with relegation in a row, has simply mounted.
15 Posted 17/09/2023 at 10:32:26
I've heard Moshiri can be a bit dolly, which is perfect for someone who is looking for a patsy, but I don't believe for one minute that the silent man would be so stupid… but again it's just speculation – the Everton Way.
16 Posted 17/09/2023 at 13:57:12
"I'm certain a more astute person would have simply just fucked Blue Bill right off."
I'm more in the "death and taxes" are the only two certainties in life. There probably are others but I really don't see "astute people fucking off Blue Bill" being added to the list.
17 Posted 17/09/2023 at 14:18:58
Moshiri delivered on the money side of things, Kenwright delivered nothing but chaos and instability, he and he alone is responsible for our current predicament.
He put people on the board who would service his every whim and feed his big fat ego, I genuinely dislike the man... he's a liar a narcissist and a manipulator.
Sorry... had to get that off my chest.
18 Posted 17/09/2023 at 15:04:08
Moshiri's bandwagon was untouchable for years; people were conned by a spending plan that involved paying out loads of middle-of-the-road fees (except Gylfi) resulting in loads of middle-of-the-road players.
They were distracted by the ill-considered new stadium build, taken in by the bucket load. You still see "He got us a new stadium, though" despite the crippling impact it will have financially.
Journos don't go against a populist grain but better late than never, I suppose.
19 Posted 17/09/2023 at 15:22:54
I'm absolutely convinced that Bill Kenwright would only sell Everton to “anyone†who would allow him to stay involved and he has definitely been involved in helping to contribute to the horrible mess that Everton currently find themselves in.
If Moshiri would have had more time for Everton, it would have surely meant that his Chairman wouldn't have had to get himself involved in so many things? I'm certain this is a very logical question, but I'm not certain how much Bill was really left to get involved in, although I'm absolutely certain that a CEO who was not qualified for the role, would have been Blue Bill's🤮 choice?
20 Posted 17/09/2023 at 15:40:51
This is what EFC are getting into.
21 Posted 17/09/2023 at 15:59:10
Both of them have made bad decisions, I think Moshiri put too much trust in Kenwright's ability to run the club, Wyeness and Harris had seen enough of that and got out, Harris after a matter of weeks, Wyeness had a longer spell and left with a cheque after threatening to blow the gaff on them.
The media never seemed to think Kenwright was the wrong owner and chairman, only now are some of them having a go at him but none of them are telling the way he used Everton to feather his own nest and although his days at Everton look like they are coming to an end he is still here, saying nothing publically, just rumours of his very poor health which raises the question of why he is still in the position he is in.
22 Posted 17/09/2023 at 16:17:43
I'd love to know the extent to which he did. They must have had differences of opinion along the way (Kenwright's silence when Benitez was appointed and reports of a split boardroom when Lampard was chosen suggest they did but you'd imagine that the man putting £750m into the club got the final say.
23 Posted 17/09/2023 at 21:28:39
"I genuinely couldn't envisage any astute person wishing to keep Bill Kenwright involved, Brendan, but if you could tell me a few reasons why this would be advantageous to any clever or serious businessman, then I'd love to hear your thoughts, mate."
I've never suggested that keeping Blue Bill would be advantageous for anyone, never mind clever or serious businessmen... so why exactly are you asking me to speculate on that?
24 Posted 17/09/2023 at 21:51:52
Why do you think an astute person might not have added getting rid of Blue Bill to his list then Brendan? What reasons do you think a more astute person might have for keeping Bill Kenwright, at Everton?
25 Posted 17/09/2023 at 21:52:05
26 Posted 17/09/2023 at 22:25:50
"You did say that if a more astute fella than Moshiri, could have kept Blue Bill on and spent a bit more time on the club, we would have been in a much, much better place, "
"but you then said you wasn't certain that an astute person would have added this to his list."
Didn't say, mean or infer any of that.
If you feel I did...copy and paste what I actually said...don't inaccurately paraphrase!
27 Posted 18/09/2023 at 07:20:20
It took Bill Kenwright a very long time to get “investment†which makes me wonder how many astute people fucked him off when they saw his actual terms?
28 Posted 20/09/2023 at 23:57:44
Kenwright right from the start, even in the Johnson era. was ruinous for Everton. Brendan is right: Moshiri would have been better without him, but I doubt he would have got a foothold in Everton if Kenwright had thought he would have had to go.
Kenwright just was allowed to build up a culture around himself, which preserved his position and made him a load of money. Everton FC as a football club was a secondary consideration.
Even with 777 Partners, Kenwright has not sold his shares. I will only believe he is gone when I see a stake through his heart.
29 Posted 21/09/2023 at 22:28:14
I did tell you that and kudos for remembering. I did not get the humour in your response...then very few get mine (no sarcastic response required}..but not an excuse. Sorry mate.
Loved Jerome's post...
As for Blue Bill knocking back offers...it's a bit like your your alternative buyers in the present day...
Not trying to be controversial
30 Posted 22/09/2023 at 10:38:52
This last article is "not wrong on any point" its what he leaves out that made me write my post.
If I remember right He originally bought Kenwright's shares and a fellow directors shares to give him 49% of EFC shares, leaving Kenwright £20 odd million and Kenwright glowingly bleating about "Didn't I tell you I'd get you a Billionaire?" after refusing Sheik Mansour's offer to buy the club. That in my opinion, along with his other decisions began the ruination of our club.
I could be wrong in my reading of Hunter's article, but it mentions nothing of Kenwright's disastrous reign of our club. Hunter appears to me, to be putting the blame for the demise of our club on Moshiri, when I believe it's 90% Kenwright's fault for where we are now for getting Mioshiri in, in the first place, and 10% Moshiri's for wanting to get out of this madhouse.
31 Posted 27/09/2023 at 10:43:46
I know you always lean towards Blue Bill, (surely the name is a giveaway,) Brendan, but because you have never struck me as being a naive person, it's something I can't get my head around, even if you loved Jerome's post.
777 are in the driving seat, but something is amiss and not necessarily with the people who have allegedly just given Everton, a £20 million loan.
Why do people take out loans? Usually because they need money. How many loans did Blue Bill take out during his very unsuccessful reign at Everton? Definitely enough to make himself a small fortune even though nobody wanted to buy the blues.
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1 Posted 16/09/2023 at 15:09:48
Also, the link to the Norwegian journalist is interesting and looks a bit closer at 777.