December 12, 2018, 01:05:49 PM

Author Topic: Panorama  (Read 12700 times)

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November 04, 2017, 03:12:24 PM
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Trowel


Worst thing about this is that we're going to be bombarded with more thrilling Business Matters podcasts from The Esk 😩
I think Panorama might be out of their depth here!
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November 06, 2017, 12:24:45 AM
Reply #1
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Trowel


I know no-one's watching this right now, but here's a live stream of info:

http://www.bbc.co.uk/news/live/world-41879690
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November 06, 2017, 12:28:32 AM
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Trowel


And the Everton bit:

http://www.bbc.co.uk/news/uk-41878954

Loads of info to read (after the game).

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November 06, 2017, 12:48:17 AM
Reply #3
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Trowel


Reading what's in that article it doesn't look like there's much more to it than whether Moshiri's investment was via an Usmanov 'gift' or not, and even if it were a gift (which Moshiri is saying it wasn't) then it's Moshiri's to invest. A bit dodgy, but nothing illegal, and nothing we didn't already suspect.
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November 06, 2017, 01:48:46 AM
Reply #4
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Trowel


Not sure what people are reacting to - there's nothing that breaks any rules. Questionable, yes; illegal, no.
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November 06, 2017, 01:55:10 AM
Reply #5
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Trowel


Here's the Guardian take on the same papers, independent of Panorama.

Same conclusion: murky in places, but no rules broken.

https://www.theguardian.com/news/2017/nov/05/arsenal-everton-stakeholders-close-ties-leaked-files-alisher-usmanov-farhad-moshiri?CMP=Share_iOSApp_Other
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November 06, 2017, 01:55:37 AM
Reply #6
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Trowel


Got to wonder where it leaves both clubs. I’d say Arsenal are pretty isolated given he’s got no power there but we look vunrable I’d say to punishment or sanctions of some kind.

Even worse though I’d say long term it’s probably put the kibosh on Usmanov coming here formally.
Have you even read the articles?
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November 06, 2017, 01:59:46 AM
Reply #7
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Trowel


Just watched the programme.
Read the Guardian article - it seems like a more factual take on the paper trail, with less of the sensationalising "what if"s and "may have"s of Panorama.
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November 06, 2017, 02:18:05 AM
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Trowel


A spokesman for Moshiri confirmed to the Guardian that Usmanov’s Epion, a British Virgin Islands company, paid for the whole Arsenal stake. However, the spokesman said this did not show the whole picture of the relations between them, and Moshiri had paid Usmanov for his half-share of the initial Arsenal stake using money Moshiri had in his own separate investment company.

“This cash payment [for the Arsenal shares] was funded by a 2007 dividend that Mr Moshiri received from an investment company which was 100% beneficially owned by Mr Moshiri. All of this is meticulously laid out in contractual agreements between the two parties,” the spokesman said.

“It is clear that Mr Moshiri’s participation in Red and White originated from his own funds and that Mr Moshiri is a person of very significant independent wealth, and this was already true in 2007.”

The Guardian has been shown a document in which Epion did acknowledge receiving payment from a company owned by Moshiri for his half of the Arsenal stake, in full.
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