Farhad Moshiri (businessman)
Encyclopedia
Ardavan Farhad Moshiri is a British Iranian businessman and investor
, based in London
. Moshiri owns and has shares
in numerous steel
and energy companies in Britain
and Russia
.
Moshiri is a chartered accountant
and previously worked for Ernst & Young
, PKF
and Deloitte
.
Moshiri and longstanding business partner
Alisher Usmanov
are co-owners of Red and White Holdings, which bought 14.65% of the shares in Arsenal Football Club
from former club vice-chairman David Dein
in August 2007.
On 18 September 2007, Red and White Holdings increased their stake in Arsenal to 21%, and on 28 September 2007 to 23%, a week after Moshiri announced that he wanted at least a 25% holding in the football club.
Arsenal managing director Keith Edelman told BBC Radio 5 Live
, "They've said previously they are not going to make a bid for the company and they want to be long-term shareholders."
Investor
An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc...
, based in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. Moshiri owns and has shares
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
in numerous steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
and energy companies in Britain
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
.
Moshiri is a chartered accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
and previously worked for Ernst & Young
Ernst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
, PKF
PKF
PKF is a global network of accountancy firms. Member firms operate under the PKF brand in over 125 countries worldwide. In 2010, PKF International was ranked the 10th largest global accounting network, with aggregate fee income of $2.4 billion for member firms in the year end June 2010)...
and Deloitte
Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu Limited , commonly referred to as Deloitte, is one of the Big Four accountancy firms along with PricewaterhouseCoopers , Ernst & Young, and KPMG....
.
Moshiri and longstanding business partner
Business partner
Business partner is a term used to denote a commercial entity with which another commercial entity has some form of alliance. This relationship may be a highly contractual, exclusive bond in which both entities commit not to ally with third parties...
Alisher Usmanov
Alisher Usmanov
Alisher Burkhanovich Usmanov is an Uzbek-born Russian businessman.According to the 2011 edition of Forbes magazine, the oligarch is one of Russia's richest men, with a fortune estimated at US$17.7 billion, and the world's 35th richest person.Usmanov is married and is a graduate of Moscow State...
are co-owners of Red and White Holdings, which bought 14.65% of the shares in Arsenal Football Club
Arsenal F.C.
Arsenal Football Club is a professional English Premier League football club based in North London. One of the most successful clubs in English football, it has won 13 First Division and Premier League titles and 10 FA Cups...
from former club vice-chairman David Dein
David Dein
David Barry Dein is the former vice-chairman of Arsenal Football Club and former vice-chairman of the Football Association. He was also the President of the G-14 group of European football clubs between October 2006 and May 2007 and has sat on various committees within FIFA and UEFA including...
in August 2007.
On 18 September 2007, Red and White Holdings increased their stake in Arsenal to 21%, and on 28 September 2007 to 23%, a week after Moshiri announced that he wanted at least a 25% holding in the football club.
Arsenal managing director Keith Edelman told BBC Radio 5 Live
BBC Radio 5 Live
BBC Radio 5 Live is the BBC's national radio service that specialises in live BBC News, phone-ins, and sports commentaries...
, "They've said previously they are not going to make a bid for the company and they want to be long-term shareholders."