Farhad Moshiri

roydo · July 11, 2023

Moomin said:
Our wage bill was massive compared to our turnover.

Yeah, true. But there was a chart the other week that showed pretty much every club outside the usual were at similar levels. We were not even top, or bottom. Lawn mowers and blue gravel I guess.

MikeH72 · July 11, 2023

Nothing will change until he is gone. There is no future for this club while he is involved.

BlueStevie35 · July 11, 2023

everton1953 said:
Yup, apparently. It was ....... No, I will not reveal the total amount, cos you will not believe me. I will keep it confidential between Mosh and me.

Can you ever make a post without a snidy or sarcastic remark?

Blue peter · July 11, 2023

bonsc said:
How do we finally get a billionaire to buy us but end up in a worse state than we where before

He’s not a self made Billionaire though is he? He was an associate of a entrepreneur who had influence politically and made massive gains during the breakup of the Soviet Union and was given financially lucrative contracts which FM advised his friend in and in return was given a % of his friends growing empire which forms the basis of his Billionaire status. The guys was clearly a decent accountant but has been lucky and has shown you can be decent at one thing but absolutely clueless about another.

Efcjake · July 11, 2023

roydo said:
Yeah, true. But there was a chart the other week that showed pretty much every club outside the usual were at similar levels. We were not even top, or bottom. Lawn mowers and blue gravel I guess.

Nearly every chart I've seen has us at the worst for wage to turnover ratios.

It's something ridiculous like 90-95% of our turnover.

Moomin · July 11, 2023

Efcjake said:
Nearly every chart I've seen has us at the worst for wage to turnover ratios.

It's something ridiculous like 90-95% of our turnover.

Last set of accounts it was 90%, the season before it was 95% and the only other club in Europe which was higher was PSG.

NilSatisOptimum · July 11, 2023

Blue peter said:
He’s not a self made Billionaire though is he? He was an associate of a entrepreneur who had influence politically and made massive gains during the breakup of the Soviet Union and was given financially lucrative contracts which FM advised his friend in and in return was given a % of his friends growing empire which forms the basis of his Billionaire status. The guys was clearly a decent accountant but has been lucky and has shown you can be decent at one thing but absolutely clueless about another.

Indeed a decent account operating in what is now widely known as the "mafia/gangster capitalism" state. Too generous!

roydo · July 11, 2023

Efcjake said:
Nearly every chart I've seen has us at the worst for wage to turnover ratios.

It's something ridiculous like 90-95% of our turnover.

Pretty much every other club, outside the top ones, are similar. Think Spurs are the lowest.

dholliday · July 11, 2023

Daytripper said:
Because it’s a scam

this...all very wishy washy etc.

Skroob · July 12, 2023

MikeH72 said:
Nothing will change until he is gone. There is no future for this club while he is involved.

Maybe the dude from Qatar will win the bid at Manure and Sir Jim will buy us instead? Yes I am somewhat serious.

Efcjake · July 12, 2023

roydo said:
Pretty much every other club, outside the top ones, are similar. Think Spurs are the lowest.

This is from Deloitte. We are the only team above 90 with Newcastle who just started investing in the squad.

We are head and shoulders the worst financial performers in the league.

Villa_Fan · July 12, 2023

Wolves secure £99m government loan

Wolves have secured a £99million government loan to aid company cash flow.

www.expressandstar.com

Someone at Wolves knows how to work the system. 99m government loan at a low interest rate. Mosh missed an opportunity there and I suspect other clubs are thinking the same.

The Esk · July 12, 2023

Kever10 said:
So do the new shares issued add or subtract from totals, because appears to do both.

Forgive my lack of understanding, im not an acccountant.

He bought 27,031 shares from existing shareholders at £5k each (cost £135m paid to the shareholders he bought from). The club issued a further 100,000 shares at £3k each for £100m in cash (payable to the club) and the conversion of £200m of existing debt (already received by the club)

That totals £300m in new shares issued paid for by Moshiri. Add the £450m of debt still owed to Moshiri and you get to £750m