Farhad Moshiri

[sageyefc]

@The Esk
http://www.liverpoolecho.co.uk/spor...ton-majority-investor-farhad-moshiri-11415873

Everton majority investor Farhad Moshiri already has deal in place to buy more shares

Farhad Moshiri has secured the right to increase his stake in Everton , the ECHO can reveal.

Last February, Mr Moshiri announced that he had bought a 49.9% stake in the Goodison Park club for a reported £87.5m, but this was not enough to give him a majority stake, a fact that has puzzled many fans and financial experts.

Mr Moshiri bought his shares from Robert Earle, Bill Kenwright and Jon Woods, with Mr Earl selling his entire holding while Mr Kenwright and Mr Woods sold part of their holdings.

At the time, Mr Moshiri stayed silent about whether he intended to increase his stake at any point in the future, something many observers say would be necessary before the Iranian born billionaire would invest large sums of money in Everton’s playing squad or a new stadium.

The ECHO can now reveal that Mr Moshiri has in fact already clinched a deal that gives him the right to buy more Everton shares.
Mr Moshiri holds his stake in Everton through an Isle of Man based company called Blue Heaven Holdings. Documents lodged at The Isle of Man’s Companies Registry show that Mr Kenwright, Mr Woods and another long-time Everton shareholder, Arthur Abercromby, have already granted Mr Moshiri the option to buy more of their shares.

The Isle of Man records also show that Mr Moshiri has granted charges over the assets of Blue Heaven Holdings that guarantee that the three sellers will receive payment for their remaining shares, should he exercise his option to buy. In effect, these documents reveal that the deal to transfer more shares to Mr Moshiri has already been lined up, with details, such as the price to be paid, already agreed.
Nevertheless, the Blue Heaven Holdings documents filed at the Isle of Man registry do not specify how many shares are covered by the separate option agreement. Instead this and other matters are set out in a separate, private agreement that is not on the public record but the ECHO understands that it covers all of the outstanding shares currently in the ownership of the three sellers.

If all of the three sellers’ outstanding shares are bought by Mr Moshiri, it would take his stake to just over 76% of the club. That would be enough to give him undisputed control over all of the affairs of the club.

• Why did Moshiri stop just short of a majority stake in Everton FC?

It is not clear why the four parties have decided to structure the deal in this complicated way.

Experts say that the exercise of Mr Moshiri’s option might depend on certain events coming to pass, but this could be anything from personal tax matters to the granting of planning permission for a new stadium.

“There could be one of a hundred reasons,” said James Dow, a corporate finance adviser who has previously worked for Everton and other major European clubs.
Mr Dow, whose corporate finance brokerage has bought and sold many businesses, added: “It’s unusual.

“You would normally have these arrangements when somebody’s committed to a purchase but something is not yet sorted out or somebody has not yet fulfilled a promise.

“It might be related to stadium funding or the selling shareholders may want to keep an emotional attachment to the club and continue as a shareholder to justify an executive role.”

• Everton can benefit from Farhad Moshiri's business savvy

Referring to Mr Kenwright staying on as Everton’s chairman, Mr Dow said: “It may suit him (Mr Moshiri) to have somebody else running the club because he might not want to give the time and resources or he might be anxious and want a gradual transition while he establishes his own credibility or acceptability among supporters.

“He has no previous affinity with the club and he might want a transition phase.”
Some observers, particularly in the Russian media, have speculated that the complex deal structure could reflect the fact that Mr Moshiri is holding the shares on behalf of his long-time business partner, multi-billionaire Alisher Usmanov.

However, Mr Usmanov has previously stated his intention to keep hold of his 30% stake in Arsenal for many years to come, thereby ruling out his involvement in Everton.

The agreement between Mr Moshiri and the other three Everton shareholders is called a put and call option. It’s a two-sided agreement that, as well as allowing Mr Moshiri to acquire more shares in Everton, also allows the sellers the option of forcing Mr Moshiri to acquire more of their shares.

However, it’s thought unlikely the sellers would exercise this option.

Echo as usual with their finger on the pulse. Only a few months late

 

[hibbo'sclass]

If anyone wants to keep an eye on the documents, google gov.im go to the Companies Registry bit, go to Company search, and search on Blue Heaven Holdings Ltd.
If the number of public documents changes from the current figure of 11 (from memory), something has happened.

 

[Jags..class]

If anyone wants to keep an eye on the documents, google gov.im go to the Companies Registry bit, go to Company search, and search on Blue Heaven Holdings Ltd.
If the number of public documents changes from the current figure of 11 (from memory), something has happened.

Still 11

 

[hibbo'sclass]

Another marker if the Pru Trustees loan is a deterrent to a change of ownership, google Companies House Beta, do a search of either Everton Investments Ltd or Goodison Park Stadium Ltd. In either case, if an 1 unsatisfied charge appears it is an indicator thst the loan has not been repaid.If the number of charges has gone up, it would suggest that the loan has been renegotiatiated.
Similarly a search of Everton Football Club Ltd should show 5 outstanding charges if nothing has happened.

 

[tommye]

Cheers, the content in that article looks strikingly familiar.....

Defo seen all that before somewhere.....

 

[tommye]

Those documents were discovered a long time ago, has it really taken the echo this long to take notice?

Surprised they have bothered at all considering it's us.

 

[Efcjake]

Surprised they have bothered at all considering it's us.

They have to fill their blue section with something considering they know nothing about the managerial appointment.

 

[tommye]

They have to fill their blue section with something considering they know nothing about the managerial appointment.

Do they know Martinez has been sacked?

 

[Damo W]

Is it just me or does anyone else get the impression that the media still think Kenwright is calling the shots and are not expecting much from Moshiri.

Just the way the media obviously are not getting much info from the club and any they do they maybe don't think warrants any space in their rags or they don't believe. Given the talks with Monchi, Emery and Koeman you would have expected a little more.

 

[Efcjake]

Is it just me or does anyone else get the impression that the media still think Kenwright is calling the shots and are not expecting much from Moshiri.

Just the way the media obviously are not getting much info from the club and any they do they maybe don't think warrants any space in their rags or they don't believe. Given the talks with Monchi, Emery and Koeman you would have expected a little more.

You'd think the papers not getting wind of what is going on behind closed doors would be the biggest indication that Kenwright isn't running things anymore. The man loves a good show.

 

[bizzaro]

Is it just me or does anyone else get the impression that the media still think Kenwright is calling the shots and are not expecting much from Moshiri.

Just the way the media obviously are not getting much info from the club and any they do they maybe don't think warrants any space in their rags or they don't believe. Given the talks with Monchi, Emery and Koeman you would have expected a little more.

Its like chalk and cheese.

You've got pauper Bill 'plucky little Everton' Kenwright - that tries to get the media fawning over him at every opportunity and his time in the 'boys pen' and what a wonderful chairman he is etc etc etc

That won't shut up when theres a camera to talk to.


On the other hand you've got Mr Farhad 'loose lips sinks ships' Moshiri who obviously is trying to do things under the radar. Can't get a word out of him. Doing his thing.

Its like a breath of fresh air.

 

[Damo W]

You'd think the papers not getting wind of what is going on behind closed doors would be the biggest indication that Kenwright isn't running things anymore. The man loves a good show.

That's a good point he does like a good show, but any transfers etc where always a surprise, you never got much in the press. It's either we are good at keeping things quiet, moshiri coming in is a case in point, or we have substantial work to do with the media.

 

[bizzaro]

You'd think the papers not getting wind of what is going on behind closed doors would be the biggest indication that Kenwright isn't running things anymore. The man loves a good show.

I was just thinking that mate when you posted.

Its a huge difference.

It shows everything from Bill Kenwright's Everton was just for show.

Little substance to go with it.

 

[Damo W]

Its like chalk and cheese.

You've got pauper Bill 'plucky little Everton' Kenwright - that tries to get the media fawning over him at every opportunity and his time in the 'boys pen' and what a wonderful chairman he is etc etc etc

That won't shut up when theres a camera to talk to.


On the other hand you've got Mr Farhad 'loose lips sinks ships' Moshiri who obviously is trying to do things under the radar. Can't get a word out of him. Doing his thing.

Its like a breath of fresh air.

Couldn't agree more, I want the club chairman to be in the media only when it's absolutely necessary, investment start of season, new manager, win a trophy that's it.

Moshiris background will be used to this confidentiality agreements will be common place to most of his previous work. My concern is when it does happen does the media go berserk as they where not expecting it, or just it's only plucky little Everton.

What I would like to see is when we announce our new manager it's not Kenwright, but either Moshiri himself, or by his appointed people, to show this is the club going forward, wrap it into new stadium and DOF and show the world what we are going to be going forward.

 

[Efcjake]

That's a good point he does like a good show, but any transfers etc where always a surprise, you never got much in the press. It's either we are good at keeping things quiet, moshiri coming in is a case in point, or we have substantial work to do with the media.

Now, I would disagree here. There have been plenty of transfers leaked out into the papers before under Kenwright. Take Ogbonna from last year for an example, the papers ran with our reported interest and then the fella himself confirmed the contact. We're not exactly MI5.

I can think of a couple of others that went on in the press for some time.