Everton paid £30m in interest to lender with links to tax exile, documents suggest

Posted on April 12, 2024 by Admin

Exclusive: Charges relate to £225m debt with Rights & Media Funding, with records suggesting a trail leading to Michael Tabor

Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest.

The charges appear to have reached about £438,000 a week, according to the troubled Premier League club’s most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford.

Treasury’s sanctions police ‘reviewing’ finances of Everton FC owner, Guardian understands

Posted on May 31, 2023 by Admin

Farhad Moshiri reportedly a ‘person of interest’ at special unit over links to sanctioned oligarch Alisher Usman

The Treasury’s sanctions police have been reviewing the finances of the Everton Football Club owner, Farhad Moshiri, the Guardian understands.

Moshiri appears to have become a person of interest to the Office of Financial Sanctions Implementation (OFSI) because of his links to Alisher Usmanov, the Russian-Uzbek billionaire who was sanctioned by the UK, the EU and the US after last year’s invasion of Ukraine.

The £100m Qatar whitewash: how UK advertisers put profit before protest

Posted on December 10, 2022 by Admin

Like the players, brands have in the end shied away from confrontation with the hosts during the World Cup

More than £100m will be spent by brands hoping to cash-in on World Cup fever, but when it comes to taking host Qatar to task over its human rights record protest marketing has taken a back seat to sales targets.

In the run-up to kick off of the football tournament in Qatar criticism of the gulf state was akin to shooting at an open goal.

Great save? Lower league clubs mull early kick-offs to cut energy bills

Posted on October 21, 2022 by Admin

With budgets always tight some smaller football clubs are looking to offset their soaring power costs

Shrewsbury Town’s fans had long since filed out of the Montgomery Waters Meadow stadium after the defender Chey Dunkley had scored an injury-time winner against Exeter, when Brian Caldwell looked angrily skyward. The League One club’s chief executive was unimpressed to see the ground’s floodlights still burning bright.

Caldwell is among the football executives trying to limit the financial pain from huge energy bills. Faced with an even bigger surge in his annual costs, Caldwell was forced to settle for a £100,000 increase, to £180,000, when signing a new energy contract in April. “It’s a massive dent in our finances. Football clubs are not normal businesses, they’re set up to break even and put the money you can into the playing budget,” he said.