Ryazantsev: ‘It’s more than a project’

[summerisle]

Let's not write off Bill's contribution.

He bought the club when no one else wanted to.

He held on to it, saying all along he would sell but only when the "right" buyer came along.

When you look at how many fly by night merchants have bought clubs during the period of Bill's stewardship and darned near ruined them, or indeed did ruin them, I think it safe to say many potential bullets were dodged.

And now we have emerged on another side, an altogether sunnier side of the street, and the early signs are Bill has done us proud by hanging on for Mr. Mo and his Russian sidekick.

It is early days and who knows what the future holds.....but this arl arse has fallen in love with football again and is counting the days until the season starts

EFC.......the Rip Van Winkle of football.

Continuity through radical change.

 

[bring the ghost on]

Find this interesting. Say Moshiri wanted to own 50.1% but hypothetically nobody wanted to sell him the shares to allow him to get that 0.2%, and Moshiri knew that there were however many percent of shares which were untraceable, could he acquire them somehow? What happens to these shares if nobody knows who owns them? Surely if say, 10% of the shares of our club are just floating around in the ether then they can be reclaimed or something. Perhaps @The Esk can shed some light too, this seems business related.

Haven't checked Everton's articles, but untraced shareholders are often dealt with in the articles, and will normally state that if the shareholder cannot be traced, their shares can be subject to a buyback (essentially cancelled), or a sale (e.g. to Moshiri). If the articles are silent, then they can be amended by 75% of the voting shares, so Moshiri could feasibly action this by special resolution with some support from other shareholders if he felt it was an issue.

In reality, the untraced shareholders (if they are indeed untraceable) only represent a small percentage of the votes, and Moshiri will not be too concerned with obtaining 100% of the share capital - the magic numbers are 50% and 75%, and he has the options in place to acquire those amounts already.

Once he owns a certain percentage I think he has to offer to buy them all. Should look it up but think it is around 65-75%.

Moshiri won't be obliged to offer to buy all of the shares at any stage (unless there was a private agree with Tag Along rights for minority shareholders in place - extremely unlikely). He can hold 75% and not be obliged to make offers to anyone else.

Don't think you can force a sale of any shares.

If he acquired 90% of the shares, then he could force a sale of the remaining 10% under the Companies Act 2006.

 

[The Esk]

Find this interesting. Say Moshiri wanted to own 50.1% but hypothetically nobody wanted to sell him the shares to allow him to get that 0.2%, and Moshiri knew that there were however many percent of shares which were untraceable, could he acquire them somehow? What happens to these shares if nobody knows who owns them? Surely if say, 10% of the shares of our club are just floating around in the ether then they can be reclaimed or something. Perhaps @The Esk can shed some light too, this seems business related.

He already has the rights to acquire a further 26% through the options agreement with Kenwright, Woods and Abercromby.

The number of shares untraceable are fairly negligible less than a couple of % I am told so are not going to get in the way of him wholly acquiring Everton. Even if the number was significant he could apply to the High Court for a scheme of arrangement giving him control.

 

[bobbydigital]

Haven't checked Everton's articles, but untraced shareholders are often dealt with in the articles, and will normally state that if the shareholder cannot be traced, their shares can be subject to a buyback (essentially cancelled), or a sale (e.g. to Moshiri). If the articles are silent, then they can be amended by 75% of the voting shares, so Moshiri could feasibly action this by special resolution with some support from other shareholders if he felt it was an issue.

In reality, it's only a small percentage of the votes, and Moshiri will not be too concerned with obtaining 100% of the share capital - the magic numbers are 50% and 75%, and he has the options in place to acquire those amounts.



Moshiri won't be obliged to offer to buy all of the shares at any stage (unless there was a private agree with Tag Along rights for minority shareholders in place - extremely unlikely). He can hold 75% and not be obliged to make offers to anyone else.



If he acquired 90% of the shares, then he could force a sale of the remaining 10% under the Companies Act 2006.

Exactly. Could also be examined within the Shareholder's agreement.
The club will keep a share register that will show the names, addresses, number of shares of each shareholder and it would be highly unlikely there would be more than a very minor amount of untraceable shareholdings.

 

[dandydan]

Let's not write off Bill's contribution.

He bought the club when no one else wanted to.

He held on to it, saying all along he would sell but only when the "right" buyer came along.

When you look at how many fly by night merchants have bought clubs during the period of Bill's stewardship and darned near ruined them, or indeed did ruin them, I think it safe to say many potential bullets were dodged.

And now we have emerged on another side, an altogether sunnier side of the street, and the early signs are Bill has done us proud by hanging on for Mr. Mo and his Russian sidekick.

It is early days and who knows what the future holds.....but this arl arse has fallen in love with football again and is counting the days until the season starts

EFC.......the Rip Van Winkle of football.

Agreed. We all have our opinions on Bill and Moyes but it's indisputable that they left Everton in a much better state than what they found it.

 

[Rob17896]

Haven't checked Everton's articles, but untraced shareholders are often dealt with in the articles, and will normally state that if the shareholder cannot be traced, their shares can be subject to a buyback (essentially cancelled), or a sale (e.g. to Moshiri). If the articles are silent, then they can be amended by 75% of the voting shares, so Moshiri could feasibly action this by special resolution with some support from other shareholders if he felt it was an issue.

In reality, the untraced shareholders (if they are indeed untraceable) only represent a small percentage of the votes, and Moshiri will not be too concerned with obtaining 100% of the share capital - the magic numbers are 50% and 75%, and he has the options in place to acquire those amounts already.



Moshiri won't be obliged to offer to buy all of the shares at any stage (unless there was a private agree with Tag Along rights for minority shareholders in place - extremely unlikely). He can hold 75% and not be obliged to make offers to anyone else.



If he acquired 90% of the shares, then he could force a sale of the remaining 10% under the Companies Act 2006.

Thanks for the clarification.

 

[The Esk]

Haven't checked Everton's articles, but untraced shareholders are often dealt with in the articles, and will normally state that if the shareholder cannot be traced, their shares can be subject to a buyback (essentially cancelled), or a sale (e.g. to Moshiri). If the articles are silent, then they can be amended by 75% of the voting shares, so Moshiri could feasibly action this by special resolution with some support from other shareholders if he felt it was an issue

There is no such provision mate in the EFC articles but as you say that could be achieved by special resolution if required

 

[JLW]

Lashed 6m a year on a new manager, Big deal

Lets see how much is spent and how the stadium progresses

Plus 5m compensation to Southampton so that's a lot of money so far, when he could of went for the easy cheap option of De Boer or Moyes who are currently unemployed. The man and his team have a vision and it seems nothing is going to get in their way. What exciting times we have ahead, at least the new stadium is back on everyone's lips again. He's only been here for a few months and the whole mindset off the club has changed...

 

[zirc]

Agreed. We all have our opinions on Bill and Moyes but it's indisputable that they left Everton in a much better state than what they found it.

I don't think that is indisputable at all in Kenwright's case.

 

[larbert toffee]

We have never heard this type of talk from the club before it's good to have proper businessmen onboard from a global perspective,surely being made to look like an amateur amongst all this Elstone's jacket must be on a shaky nail.

Sir John Moores says hello.

Surely Blue 61 you're not trying to compare today's football owners with those of 50 years ago? Sir John Moores was indeed a great chairman of this club and we can never forget what he did for us but Littlewoods was a purely British company which only branched into Europe in the eighties long after he'd handed over the reins to both the club and his business.

Football also was hardly a global business foreign transfers for instance didn't really take off until the late eighties,I was merely referring to since the game went really global from a big money perspective perhaps the last 20 years where we have had only Peter Johnson and Blue Bill in charge of us and we have had little more than hope to cling to.

Mr Moshiri and the guys he's bringing in are certainly talking the talk in terms of the modern era of the club,50 years ago we were the richest club by far and simply paid top dollar for the best players,we are now one of many rich clubs and we have to be smart with our business that's was what the meaning was behind my comments no slight to Sir John at all but thanks for taking a cheap shot in bringing it to my attention.

 

[blue61]

Surely Blue 61 you're not trying to compare today's football owners with those of 50 years ago? Sir John Moores was indeed a great chairman of this club and we can never forget what he did for us but Littlewoods was a purely British company which only branched into Europe in the eighties long after he'd handed over the reins to both the club and his business.

Football also was hardly a global business foreign transfers for instance didn't really take off until the late eighties,I was merely referring to since the game went really global from a big money perspective perhaps the last 20 years where we have had only Peter Johnson and Blue Bill in charge of us and we have had little more than hope to cling to.

Mr Moshiri and the guys he's bringing in are certainly talking the talk in terms of the modern era of the club,50 years ago we were the richest club by far and simply paid top dollar for the best players,we are now one of many rich clubs and we have to be smart with our business that's was what the meaning was behind my comments no slight to Sir John at all but thanks for taking a cheap shot in bringing it to my attention.

Wasn't meant to be a cheap shot, sorry if that's the way it was taken. I read the reference to never having heard the club talk like this as being a reference to it's ambition and thinking big, something that we used to do in abundance. I agree times are totally different, didn't mean to offend.

 

[ToePeg]

Always wondered what I would do if a woman cracked me like that.

Hopefully stay on your feet!
I think she'd of loosened a few teeth with that one.

 

[Jamiednm]

Definitely building a deathstar.

 

[JimEFC]

"big Everton family"...

Someone's been out for a drink with Bill...

 

[larbert toffee]

Wasn't meant to be a cheap shot, sorry if that's the way it was taken. I read the reference to never having heard the club talk like this as being a reference to it's ambition and thinking big, something that we used to do in abundance. I agree times are totally different, didn't mean to offend.

Blue 61: I was just in off a difficult nightshift this morning and the world seems rather a different place after a little kip,thanks for replying and explaining your post, maybe I was being oversensitive and I too would like to apologise if that is the case and in turn should have explained my post as being more in terms of the 'modern era' an internet handshake for you.