Farhad Moshiri

[twoblue]

Its not fixed cost, its GMP (Guaranteed Maximum Price). That means that if the stadium stays exactly as it is in design and construction, it will cost no more than £Xm. Essentially, the Main contractor takes the risks and responsibility on board. The stadium could still cost more though, and that is in the case of design changes for which the client is responsible as t would be unreasonable to expect the main contractor to take the responsibility and risk of that. That's why its cost certainty, as we will have the opportunity to spend more if we have the ability to, and we will have control over the amount extra that we spend by simply adding or not adding what we want.

I have seen agreed prices go west in various business. At some point the contractor could go bump if rising costs make projects unprofitable.
We are seeing costs in construction rising at 25% a year, importing costs are up, materials hard to get. Coupled with the devalue of the pound, mean overseas materials are now even more expensive a. Unprecedented in most of our lifetime.
I hope it is built on time and on budget. World events however may intervene.

 

[John from Bootle]

Might be naive, but other than from FFP, P&L rules etc, does it matter? In the normal world (outside footnall) is Moshir not allowed to pump in whatever he likes to a business? Unless of course the accusation is that there's theft gong on?

I suspect if we are shafting anybody, then it would be the Premier League. Not illegal, just against their questionable rules.

 

[MikeH72]

SELL

 

[billypatrick]

Except everything he invests in sports wise goes to the dogs.


Fit right in.

Lots of critics in France - he put Dave Brailsford (the cycling boss) in charge of turning Nice around but they are languishing in the bottom half of Ligue 1. Bought Barkley, Ramsey, Schmeichel. Also I think he wouldn’t be allowed to own two clubs in European competition (should that ever come about).

 

[Jamo Martinez]

It will be sanctions related. The government has just extended the ban on providing professional services to companies with a Russian connection so that it now covers audit services. BDO won’t want to even chance it with this one.

Auditors don’t normally resign due to going concern risks. They just put that qualification in the opinion.

But wouldn't an audit be a good way to uncover any Russian connection.

Oh wait. It's the government we're talking about.

 

[Toffeelover]

SELL

But to whom ? and what could they bring to the club except a big pile of debt to finance their loan to buy and then milk the club dry.

Sorry but too many can only think of getting rid of Moshiri with out assessing the effect on our club.

 

[4737carlin]

But to whom ? and what could they bring to the club except a big pile of debt to finance their loan to buy and then milk the club dry.

Sorry but too many can only think of getting rid of Moshiri with out assessing the effect on our club.

Just like all those who wanted Bill to sell but without foreseeing the damage it would do, hindsight is great, but the problem is now as long as Moshiri stays things will only get worse

 

[MikeH72]

But to whom ? and what could they bring to the club except a big pile of debt to finance their loan to buy and then milk the club dry.

Sorry but too many can only think of getting rid of Moshiri with out assessing the effect on our club.

Why is this a thing? People act like it’s the same as sacking a manager where there’s some sort of shortlist of replacements that we have to work our way down. I don’t have a comprehensive list of every rich individual interested in buying football clubs for you, I’m sorry. All I know is that the club has become a shambles under this ownership and I want change before it’s too late.

 

[MikeH72]

Just like all those who wanted Bill to sell but without foreseeing the damage it would do, hindsight is great, but the problem is now as long as Moshiri stays things will only get worse

Bill is still at the club and still near the top of the list of problems.

 

[dave11]

Exactly, if BDO were genuinely concerned that their reputation was somehow at risk, I am pretty sure their comms and media people would have issued a statement by now?

I reckon we'd sue if they did. Even we can't be daft enough to have a paper trail leading back to Russian money and therefore this is about optics, if there is anything in at all.

 

[kenada_blue]

Might be naive, but other than from FFP, P&L rules etc, does it matter? In the normal world (outside footnall) is Moshir not allowed to pump in whatever he likes to a business? Unless of course the accusation is that there's theft gong on?

I suspect if we are shafting anybody, then it would be the Premier League. Not illegal, just against their questionable rules.

He can and he does. Pumping money into infrastructure is separate from FFP rules. He doesn't want to pump another £500mill into building the stadium himself (he's already footed £200mill I think) so he's looking for investors.

FFP comes into effect when it's turnover against on the field operations - players wages, transfers, staff etc.

This "auditor" issue is a to do about nothing. Because whatever they're "spooked" by isn't going to change in 12months of them doing the books for the past 2 seasons.

 

[brieverton]

Even with the rumours regarding BDO, how damning is it that the club can't secure private funding for the stadium? It's quite literally unbelievable.

That, alone, really says all that needs to be said about Moshiri and his tenure at Everton.

 

[GraemeS1980]

Usmanov and Moshiri aren't billionaires for being foolish in business, yes they got it wrong with transfers and budgets with football but there is no way they would have done something as leaving a paper trail back to Usmanov's desk. Or would they?

As for selling the club, it is hard enough selling a house at the moment (trust me) nevermind a football club, the list of those with a billion to spunk on football is short.

 

[roy vernon]

I wonder what it will take for the 114 people still backing Moshiri to lose faith in him?

 

[radiostar]

We're gonna have a partyyyyyy when Moshiri gets run out of town.