Jt5688
Player Valuation: £950k
City’s problem is also that the related party rules I referred to explicitly mention governments and states investing. So they consider different government arms to be the same entity and very much related.
Whereas our situation would be different as it is a private company. In an ideal world, Moshiri would reduce his USM holdings to say 9% and step off their board, leaving Usmanov a free run to invest at silly, ahem I mean market, rates and there’s no sniff of related party issues.
Annex X, Para F 3 (i) - part of the definition of what constitute related parties - also troubles me:
i) The entity [USM], or any member of a group of which it is a part, provides key management personnel services to the reporting entity [Everton].
As chairman of USM and majority holder of Everton, it would be hard to argue Moshiri does not provide key management services to Everton, albeit of course he doesn’t do so via a contract with USM nor is he a representative of theirs elected to our board.
Like I say, they’re not idiots so I’m sure they’ve covered this but I hope I’m not being gullible in my assumption....








