Farhad Moshiri

[roydo]

In my uneducated opinion, (top accountants dont walk away from clients, see Tesco, Enron, etc etc etc), this will be nothing more than Moshiri playing the "buy that player" in the accountant world.

 

[Connor]

I read it as, like a lot of other firms, they want no connection to Russia/Russian money. End of the day, a lot of that money is still Usmanov's

They've done our books for 2/3 years and that's the period where its looked most dodgy, so why bail now? Has to be the former.

 

[Neiler]

I think I read somewhere it was fixed at £500m mate

Everton ‘locks in’ £500m stadium construction cost - Place North West

The football club has tied Laing O’Rourke to a construction contract for its new 53,000 capacity stadium at Bramley-Moore Dock, a move that the club said “brings clarity” to the cost of the project in an “ever-fluctuating marketplace”.

www.placenorthwest.co.uk

Thanks mate, i remember it back in April i thought it was fluffy and non specific language at the time, "greater certainty" is different to "fixed costs".

To be honest i took it that LOR needed reassurance that the finance would be in place for the project, yet no specifics have emerged.

No way anyone at the time (April) was agreeing to fixed costs due to the escalating costs of materials and rising interest rates - which have proven to be the case.

The actual quotes from DBB:

I am delighted to tell you that we have finalised and signed a contract with our construction partners, Laing O'Rourke, which gives us greater certainty as to the costs of the remaining stages of our stadium project. The agreement ensures the work on bringing our new home to reality will continue apace.

To explain the significance, this agreement means we have renewed clarity over the costs for the remaining stages of the project - and that clarity is in line with our budget and cost planning. In short - we have certainty in these uncertain times.

Our accounts, released last month, revealed the profound scale of the impact the pandemic has had, and continues to have, on our Club. They also demonstrated, though, the scale of investment we have already made in our new stadium - and the unwavering commitment of our owner to finish what he has started.

To put it into financial terms, this is the biggest investment and the biggest commercial deal and partnership we have ever struck in our Club's history.

 

[Toffeeslam]

Thanks mate, i remember it back in April i thought it was fluffy and non specific language at the time, "greater certainty" is different to "fixed costs".

To be honest i took it that LOR needed reassurance that the finance would be in place for the project, yet no specifics have emerged.

No way anyone at the time (April) was agreeing to fixed costs due to the escalating costs of materials and rising interest rates - which have proven to be the case.

The actual quotes from DBB:

I am delighted to tell you that we have finalised and signed a contract with our construction partners, Laing O'Rourke, which gives us greater certainty as to the costs of the remaining stages of our stadium project. The agreement ensures the work on bringing our new home to reality will continue apace.

To explain the significance, this agreement means we have renewed clarity over the costs for the remaining stages of the project - and that clarity is in line with our budget and cost planning. In short - we have certainty in these uncertain times.

Our accounts, released last month, revealed the profound scale of the impact the pandemic has had, and continues to have, on our Club. They also demonstrated, though, the scale of investment we have already made in our new stadium - and the unwavering commitment of our owner to finish what he has started.

To put it into financial terms, this is the biggest investment and the biggest commercial deal and partnership we have ever struck in our Club's history.

I think a lot of the materials have been purchased and it secured with known costs to mitigate the rise in costs.

 

[argietoffee]

Guarantee there was a leak / tip off from either within the club or from BDO to the press

 

[Toffeeslam]

Guarantee there was a leak / tip off from either within the club or from BDO to the press

There were loads of inconsistencies in that article, all hearsay rather than details, sommit seems off with it

 

[Carlito]

Those thinking this will lead to a sale could be setting themselves up for disappointment.

It took almost 20 years to find a buyer who was willing to keep Kenwright around, and I can't see another one coming along so soon.

 

[4737carlin]

Some of the Farhad fan boys seem to be quiet this afternoon....

 

[BenToffee79]

Some of the Farhad fan boys seem to be quiet this afternoon....

The minute Moshiri and Sir Egotistical are removed from this club will be a day to celebrate, an absolute disaster this has been

 

[RomanReigns]

Some of the Farhad fan boys seem to be quiet this afternoon....

I highly doubt anyone has got a poster of moshiri on their bedroom wall

 

[summerisle]

According to the theory of the multiverse I'm the owner of Everton. Today, I sacked Kenwright.

 

[roy vernon]

I highly doubt anyone has got a poster of moshiri on their bedroom wall

Are you sure? I can think of at least one of whom it would not surprise me to find that he did, indeed, have a picture of 'Sir Farhad' on his wall.

 

[BenToffee79]

According to the theory of the multiverse I'm the owner of Everton. Today, I sacked Kenwright.

Good decision ?

 

[twoblue]

There were loads of inconsistencies in that article, all hearsay rather than details, sommit seems off with it

Most Journalist doesn’t understand accountancy.

 

[summerisle]

Good decision ?

I'm also a multi billionaire.