Farhad Moshiri

[Frank Gallagher]

Yep. The profit in owning a sports team (any professional sports team) is not yearly profits. Even profitable clubs 'profits' are tiny on the scale of business and are generally meaningless to a billionaire's portfolio. Far better investments exist when looking at year-on profits. But the insane valuation growth of clubs is where the benefits of sports ownership lie.

and the insane revenue from sky and other tv broadcaters £100 million ish a year for doing absolutly nothing personally (moshiri)

 

[bring the ghost on]

I'm in that camp. Was easier for Moshiri to get out and grab Everton than it was for Usmanov too. Now Usmanov has the time to get out of Arsenal...

Iv said it all along.

Why was it easier?

 

[Goat]

I'm in that camp. Was easier for Moshiri to get out and grab Everton than it was for Usmanov too. Now Usmanov has the time to get out of Arsenal...

Iv said it all along.

He doesnt need time, if he rang Kroenke up the money would be in his bank within an hour.

 

[ToffeeDoug]

I would wager a lot of someone else's money that most people who buy into football club ownership are, assuming it isn't for sentimental or vanity reasons, doing so to drive future significant revenue growth and add value to their initial investment. We might be pinning a lot of hope on Moshiri but he is not here just to sit next to Bill in the stand. He is a businessman and his motivation and decision making is unlikely to be based too much on fans' sentiment once the short term feel good factor and bridge building has passed. I'm as genuinely excited as anyone by his arrival but clear heads all round are required.

 

[We'veGotTonyHibbert!]

I'm guessing this is the correct thread to place this info, this could have already came up on this thread but if it hasn't I feel it's worth mentioning.

Was talking to someone today, they claimed to know someone with a bit of ITK knowledge, and he was saying basically Moshiri already "owns the club" so to speak, and as we know, according to the Esk, a gentleman's agreement is in place with Moshiri and the board. He told me Moshiri paid out 60 million to Bill K and said another 50 or 100 million was paid out elsewhere. He said the main reason behind Moshiri not purchasing the club in full was due to the debt Kenwright and Co currently have outstanding to the club and if he was to become the owner he would also inherit said debt of which he has no intention of paying.

Just wondering if @The Esk or anyone else with some insight knows if there is any truth im this and if so could they perhaps go into more detail. Cheers.

 

[Frank Gallagher]

I would wager a lot of someone else's money that most people who buy into football club ownership are, assuming it isn't for sentimental or vanity reasons, doing so to drive future significant revenue growth and add value to their initial investment. We might be pinning a lot of hope on Moshiri but he is not here just to sit next to Bill in the stand. He is a businessman and his motivation and decision making is unlikely to be based too much on fans' sentiment once the short term feel good factor and bridge building has passed. I'm as genuinely excited as anyone by his arrival but clear heads all round are required.

this is why a new stadium being built quickly suits both the club AND moshiri... we would be much more marketable, thus bring substantial MORE money in to the club.

its win win

i think this will be his upmost priority. obv we need to steady the ship team and manager wise too.

 

[Goat]

I'm guessing this is the correct thread to place this info, this could have already came up on this thread but if it hasn't I feel it's worth mentioning.

Was talking to someone today, they claimed to know someone with a bit of ITK knowledge, and he was saying basically Moshiri already "owns the club" so to speak, and as we know, according to the Esk, a gentleman's agreement is in place with Moshiri and the board. He told me Moshiri paid out 60 million to Bill K and said another 50 or 100 million was paid out elsewhere. He said the main reason behind Moshiri not purchasing the club in full was due to the debt Kenwright and Co currently have outstanding to the club and if he was to become the owner he would also inherit said debt of which he has no intention of paying.

Just wondering if @The Esk or anyone else with some insight knows if there is any truth im this and if so could they perhaps go into more detail. Cheers.

But we still have around 15 years to repay that debt, so that doesnt make any sense.

 

[Shu Ren Dennis Ng]

But we still have around 15 years to repay that debt, so that doesnt make any sense.

Not if the recent financial problems bring the deadline forward...I can see that happening with shady bill

 

[The Esk]

I'm guessing this is the correct thread to place this info, this could have already came up on this thread but if it hasn't I feel it's worth mentioning.

Was talking to someone today, they claimed to know someone with a bit of ITK knowledge, and he was saying basically Moshiri already "owns the club" so to speak, and as we know, according to the Esk, a gentleman's agreement is in place with Moshiri and the board. He told me Moshiri paid out 60 million to Bill K and said another 50 or 100 million was paid out elsewhere. He said the main reason behind Moshiri not purchasing the club in full was due to the debt Kenwright and Co currently have outstanding to the club and if he was to become the owner he would also inherit said debt of which he has no intention of paying.

Just wondering if @The Esk or anyone else with some insight knows if there is any truth im this and if so could they perhaps go into more detail. Cheers.

Hi mate, Moshiri owns 49.9% currently and has legally binding options to acquire just over 75% of the shares in the future. The exact terms of the options are not disclosed, but he will end up with over 75% as a result of them and therefore have complete control of the club.

He purchased 49.9% because he did not want to trigger a change of ownership (above 50%) which may have necessitated the club repaying the secured Prudential/AIB loan.

I don't know where the person you spoke to got the figures of £60m to BK, plus £50 -100m elsewhere, from. He paid £87.5 million in total for his 49.9% stake to the selling shareholders.

 

[ToffeeDoug]

this is why a new stadium being built quickly suits both the club AND moshiri... we would be much more marketable, thus bring substantial MORE money in to the club.

its win win

i think this will be his upmost priority. obv we need to steady the ship team and manager wise too.

I agree, he will not secure that desired future revenue growth from staying at GP. We have some short term priorities to address beforehand on and off the pitch before full steam ahead on the new ground.

 

[onlyme]

He doesnt need time, if he rang Kroenke up the money would be in his bank within an hour.

I'm not in anyway questioning your statement, just curious as to how you can be so certain about Kroenke ? He already has majority control and all the kuudos that offers .

 

[We'veGotTonyHibbert!]

But we still have around 15 years to repay that debt, so that doesnt make any sense.

Fair enough, I don't know the ins and outs and don't claim to hence why i am asking, however I found it interesting and 15 years to repay or not, if I was Moshiri, I wouldn't necessarily want to pay Bill K & Co for the club plus take on their debts. So I am asking is it a case (gentleman's agreement) of Moshiri expecting the debt to be paid by Bill and Co with the money he's paid for his shares before he buys the club outright?

 

[ToffeeDoug]

Hi mate, Moshiri owns 49.9% currently and has legally binding options to acquire just over 75% of the shares in the future. The exact terms of the options are not disclosed, but he will end up with over 75% as a result of them and therefore have complete control of the club.

He purchased 49.9% because he did not want to trigger a change of ownership (above 50%) which may have necessitated the club repaying the secured Prudential/AIB loan.

I don't know where the person you spoke to got the figures of £60m to BK, plus £50 -100m elsewhere, from. He paid £87.5 million in total for his 49.9% stake to the selling shareholders.

Was the £87.5m disclosed?

 

[The Esk]

Not if the recent financial problems bring the deadline forward...I can see that happening with shady bill

Sorry mate, that's not right - there are no recent financial problems and there would be no cause for the Pru/AIB to call in the securitised loan. We'd have to default on the loan conditions and that's never going to happen now.

 

[Goat]

I'm not in anyway questioning your statement, just curious as to how you can be so certain about Kroenke ? He already has majority control and all the kuudos that offers .

Have you seen the revenues Arsenal make?

Somebody would buy 30% of arsenal tomorrow.