Panorama to question ownership of Everton

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The binman chronicles said:
Could end in a bad way for us if further investigations lead Usmanov to cool any ties. (removing possible further sponsorship including stadium naming rights for example) If he is implicated in any meaningful way wouldn't that also massively drop the value of his shares at Arsenal if he wanted to sell to come to us, as any other potential investor will know he is a sitting duck. I believe it makes it more likely he would distance himself from our club.
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Yes thats a possibility too, though he couldn't do much more to distance himself further. There is probably equal chance he looks to move on from Arsenal.
 
catcherintherye said:
I have to say and it's only my analysis but I feel relieved by this. Maybe it's with all the other chaos going on I am just viewing all news as good.

What we have in this article is the country's biggest broadcaster on a flagship program making the claim Usmanov is funding and involved in Everton. If thats the case it's an enormous positive for us, and we are financially backed by as much money as any club aside from Manchester City.

There has been no guarantee from the start this was the case. Some have speculated on the basis it seems logical. A major broadcaster saying it is a massive and qualitative shift.

The narrow accusations will be easy enough to bat off. Companies give share options all the time, and he has used his share options to sell at an opportune moment. It looks very shifty but it will be very hard to prove anything on that basis, otherwise companies across the UK will have to watch themselves.

In the broad picture I would echo what I said this morning, and what others have said, that this looks like someone from Kroenke's camp putting pressure on.

In a bizarre way I think this is good news. We have a backers 3-4 times the size of Ambramovic backing us, with flimsy evidence that will never stand up to link him, having already been cleared twice by the regulators.
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there is no way in gods earth Usmanov is funding Everton, we have only spent what we have brought in on transfers and a bit of TV money. hardly the sign of us becoming some kind of footballing superpower, please stop kidding yourself and misleading everyone ot is painful enough as things stand
 
The BBC investigating Everton? Just LOL

latest
 
Yarrgh said:
I still think Louis Theroux would be a more suitable person to investigate our board.
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It could be as weird as the Jimmy Saville episode, Kenwrights late mar's clobber in the back room all washed whilst he wanders around repeating anecdotes about "The Duchess, The Duchess..... "

Or as strange as the Hamiltons one, where Bill and Jenny mooch around the house in an uncomfortable sexually charged atmosphere fueled by red wine, as you wonder wether Louis will be the meat in a Bill and "Our Jen" sandwich.
 
I am not quite sure that there is any suggestion on here that there is any question as to the legality or otherwise of the share purchase. As some have stated you can buy shares on behalf of another etc etc. It’s not what company law says or indeed what if any tax implications exist it’s about football regulations and in particular in the area of fit and proper person tests

The issue revolves mainly around two issues which to a degree are linked.

Usmanov through Red and White Holdings now own in excess of 30% of the share capital in Arsenal.That level of shareholding excludes him from having any input either himself or anyone that is linked with him in any way where the FA believe that he can exert influence.

I have no idea how Red and White Holdings was initially financed or indeed where funds came from as that entity continued to increase is share holding in Arsenal but I copy below an extract of FA Cup rules which are mirrored in both the FA and PL rules


For the purposes of this clause, a club or person, or associate of that person, shall be deemed to be interested in a club if that club, person or associate: (i) Holds or deals in (or has made any application to hold or deal in or underwrite any issue of) the securities or shares of that club; or (iii) Is involved in any capacity whatsoever in the management or administration of that club; or (iv) Has any power whatsoever to influence the financial, commercial or business affairs or the management or administration of that club; or (v) Has lent money to or guaranteed the debts or obligations of that club, otherwise than in the ordinary course of banking at arm’s length.

(e) For the purposes of this clause, an associate of a person shall be deemed to be: (i) Anyone of a close relationship with that person who, in the opinion of the Professional Game Board, is or is likely to be acting with that person; or (iii) Any person who is an employee or partner of that person or is in close relationship with any such employee or partner.
 
magicjuan said:
Do Arsenal have a responsibility likewise as Usmanov a major shareholder, to monitor even tenuous links to another club?
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That’s an interesting point and on the face of it yes.

The point is that despite the size of his shareholding they , Arsenal, refuse to let him anywhere near the administration or management of their club so in a way I guess they could argue, if needs be, they are doing what they can because they can’t stop him buying shares.
 
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