Everyone should be sceptical of football club owners - isn't that the lesson of history? The amount of horror stories that have occurred as a result of greedy or malicious governance are there for all to learn from. It's our duty to critique every move. I put it to you that if we saw someone at another club - a billionaire owner - doing what Moshiri is doing in fire-walling himself from any liability from a stadium build and rather exposing their club's revenue for decades in order to get a stadium built - you and others would take a sideways look at it and at the very least state your reservations. I dont care how clever the structure f the deal is, things can and do go wrong. The football bubble is somehow seen as one that can keep on defying the rules of the game and grow exponentially in perpetuity, but it cant. And neither can clubs guarantee that even if it did then it will have its snout in the trough of it.
As for the rest of the shareholders: what's the point of asking questions of them (or shall I say 'more questions')? We know what they are - unfit to govern in every single way (retained by Moshiri and even promoted, btw), so it's like barking at the moon having a go at them. But Moshiri is in charge now. He's been credited with every major move thats happened since he arrived so he carries the weight of this one too.
Bottom line is that we need to remain vigilant, not hand a blank cheque of goodwill to a man we really know next to nothing of in terms of his real intentions with EFC.
The only point i can make against that is the fact it's not his club, it's half his club. Just a part owner. So why would he plough in more money? He has paid off the debt freeing us from 5-7 million pounds of wasted interest payments every year. (This is 'bad' debt)
Look it this way 3 of us start a business, but me and a n other want you to bank roll everything even though any returns/profits still get equally divvied out.
Don't think you'd like that scenario. We can only tell how he is if he gains total ownership of the club. You never know if he does he may settle the stadium loan, but if you can finance for 1 point something percent why would you? He would be much better off investing that money in something that gives a better return.
The new stadium will pay for itself, 20k extra seats sold at £35 a pop (remember the new premium offsets cheaper tickets) will generate 13.3m a year with no cup games, not including naming rights, or the extra benefits from a prime location (tours etc.) As years pass ticket prices increase making it more affordable just like when buying a house, salary increases means repayments as a percentage of income come down.
In 20 odd years time inflation dictates the cost of building a new stadium might stand around 600/700 million plus and we will by then owe around 200 million. We do not need champions league to afford this we could carry on like we have always and still be ok.
The small risk is well worth it. Trust the Mosh mate until he gives you a reason not to.
I don't ever recall Moshiri saying he would personally fund a ground, i dont recall him ever saying how much money he would put into the pot for players? Other people have said stuff, not him, so far as I am aware, yet he is a liar and a fraud?? Haha!
