TAKEOVER *NOT* CONFIMRED

[Snowflake Royal]

It sounds positive, but really it basically amounts to no new tangible bad news and much the same ephemeral positive noises that don't mean a lot we've been getting on and off for months.

But no tangible set backs is about as much as anyone can hope until there's an actual exclusivity confirmation.

[Hiram K Hackenbacker]

It sounds positive, but really it basically amounts to no new tangible bad news and much the same ephemeral positive noises that don't mean a lot we've been getting on and off for months.

But no tangible set backs is about as much as anyone can hope until there's an actual exclusivity confirmation.

I agree

[WestYorksRoyal]

Got ourselves another brief mention in the Athletic, and not a good one:

Which brings us neatly to the final item this week — an update on the slow and painful retreat of Chinese investors from English club football.

Having just sold several of their best players, Reading owner Dai Yongge thinks he has bought himself more time to persuade someone to pay his asking price for the League One club: £30million now, with more to come if they are promoted in the coming seasons.

Unfortunately, he is finding out that the various parties looking at Reading believe the former Premier League outfit are worth even less now because of those player sales. Basic stuff, you would have thought, but Yongge appears shocked by this.

The situation at West Bromwich Albion is even more confusing....

Matt Slater reporting.

Much as Dai is an idiot, he must be in a better bargaining position now than October. This side should stay up, and a path to success can be seen for an incoming owner. Renew contracts and build upon the blocks already in place. The same couldn't be said in the autumn.

[Snowflake Royal]

Got ourselves another brief mention in the Athletic, and not a good one:

Which brings us neatly to the final item this week — an update on the slow and painful retreat of Chinese investors from English club football.

Having just sold several of their best players, Reading owner Dai Yongge thinks he has bought himself more time to persuade someone to pay his asking price for the League One club: £30million now, with more to come if they are promoted in the coming seasons.

Unfortunately, he is finding out that the various parties looking at Reading believe the former Premier League outfit are worth even less now because of those player sales. Basic stuff, you would have thought, but Yongge appears shocked by this.

The situation at West Bromwich Albion is even more confusing....

Matt Slater reporting.

Much as Dai is an idiot, he must be in a better bargaining position now than October. This side should stay up, and a path to success can be seen for an incoming owner. Renew contracts and build upon the blocks already in place. The same couldn't be said in the autumn.

He's in no bargaining position. He's enormously overvaluing the club. This seems exactly the same scenario as pre-Xmas when we were allegedly a week or so away from exclusivity, we looking to be making strides towards safety and he moved the goalposts and negotiations fell apart.

Parties are interested, because there was enough time in the season and enough quality in the squad to keep us up, so paying for L1 club was worth it. But Dai keeps asking for Championship club money any time we seem to get a sniff of L1 survival.

[Hound]

I did mention this on transfer deadline day to not much notice. Selling our best young prospects makes the club worth less but Dai still asking the same price. Moving the goalposts

[Lower West]

Perhaps it's less about the players and more about the division the club end up playing in next season. As far as potential purchasers are concerned.

[Stranded]

30m was the price allegedly agreed with Genevra, so I would take the reporting of it being a new price with a large pinch of salt.

[blythspartan]

Personally, I wouldn’t pay too much attention to the article in the Athletic. I am not sure how anyone can accurately know how negotiations are progressing.

We all know Dai is a complete tw@t so nothing would surprise me, but I have got used to this insanity/uncertainty and what will be will be.

[Uke]

30m was the price allegedly agreed with Genevra, so I would take the reporting of it being a new price with a large pinch of salt.

But if we’ve sold assets worth 2-3 million in total, you could knock that off the price

[Snowflake Royal]

Perhaps it's less about the players and more about the division the club end up playing in next season. As far as potential purchasers are concerned.

Is correct.

Those sales haven't significantly harmed our chances of survival. And they certainly aren't millions out of the value of the club.

[Hound]

Perhaps it's less about the players and more about the division the club end up playing in next season. As far as potential purchasers are concerned.

Is correct.

Those sales haven't significantly harmed our chances of survival. And they certainly aren't millions out of the value of the club.

Whatever we received/could have potentially received for Abbey, Harris, Holmes, Vickers, TMc and that other 16 year to Soton is value out of the club. Think that would be arguably millions (obvs got no idea what we actually got)

[Stranded]

30m was the price allegedly agreed with Genevra, so I would take the reporting of it being a new price with a large pinch of salt.

But if we’ve sold assets worth 2-3 million in total, you could knock that off the price

The key here is what is included. If the 30m previously didn't include the stadium but now it does then that is a new price & closer to a fair one but prob still too high.

[rfc8]

Reading fc takeover cost.

Nigel Howe mentioned 4 separate entities.

Stadium, club, training ground, car park.

Some has planning permission for development.

Cost will depend on what included, all 4 together best if possible.

ps, there's also the hotel, not sure where that fits.

[Sutekh]

Perhaps it's less about the players and more about the division the club end up playing in next season. As far as potential purchasers are concerned.

Is correct.

Those sales haven't significantly harmed our chances of survival. And they certainly aren't millions out of the value of the club.

Whatever we received/could have potentially received for Abbey, Harris, Holmes, Vickers, TMc and that other 16 year to Soton is value out of the club. Think that would be arguably millions (obvs got no idea what we actually got)

Plus there might be sell on clauses in one of those deals.

At the end of the day it's all random spaculation from people who know nothing. Until NH says something then none of it can be believed.

[Hound]

Is correct.

Those sales haven't significantly harmed our chances of survival. And they certainly aren't millions out of the value of the club.

Whatever we received/could have potentially received for Abbey, Harris, Holmes, Vickers, TMc and that other 16 year to Soton is value out of the club. Think that would be arguably millions (obvs got no idea what we actually got)

Plus there might be sell on clauses in one of those deals.

At the end of the day it's all random spaculation from people who know nothing. Until NH says something then none of it can be believed.

Hmm and probably not then either

But fact remains losing 4 or 5 sellable players and using that money to tick over reduces the value of the club

Fwiw think the Athletic article is prob just speculation, but would really like to see movement very soon on the sale

[Wycombe Royal]

ps, there's also the hotel, not sure where that fits.

That's a question for the Thai's. Nothing to do with Dai.

[WestYorksRoyal]

If Howe's updates are a reflection of where Dai's head is at, there should be exclusivity by the end of February and a sale completed by the end of the season. New owner keeps the team together and recruits well, we get promoted next season, everyone happy.

Of course I'm skeptical. If we get deep into March with no positive update then I'll start fearing the worst.

[Snowflake Royal]

Whatever we received/could have potentially received for Abbey, Harris, Holmes, Vickers, TMc and that other 16 year to Soton is value out of the club. Think that would be arguably millions (obvs got no idea what we actually got)

Plus there might be sell on clauses in one of those deals.

At the end of the day it's all random spaculation from people who know nothing. Until NH says something then none of it can be believed.

Hmm and probably not then either

But fact remains losing 4 or 5 sellable players and using that money to tick over reduces the value of the club

Fwiw think the Athletic article is prob just speculation, but would really like to see movement very soon on the sale

About 3 of them were ooc in the summer anyway. Maybe we could have got another £500k for Holmes.

Maybe we could have got millions for Vickers. Or maybe he'd have flopped and left on a free for Nuneaton.

You could make a better argument that the club is more valuable after the departures because the wage bill is even healthier and the club's in a better League position regardless.

Value is basically from what division your in.

[blythspartan]

Whatever we received/could have potentially received for Abbey, Harris, Holmes, Vickers, TMc and that other 16 year to Soton is value out of the club. Think that would be arguably millions (obvs got no idea what we actually got)

Plus there might be sell on clauses in one of those deals.

At the end of the day it's all random spaculation from people who know nothing. Until NH says something then none of it can be believed.

Hmm and probably not then either

But fact remains losing 4 or 5 sellable players and using that money to tick over reduces the value of the club

Fwiw think the Athletic article is prob just speculation, but would really like to see movement very soon on the sale

I don’t think selling Abbey, Vickers, TMac, Holmes and one or two others from the academy has reduced the value of the club. Surely, using the money from the sales to help keep the club afloat and stay in League One adds more value.

Plus, we have no idea at this time how good Abbey and Vickers will become. I think I would have been more concerned if they had both been top performers on long term contracts and we’d let them go on the cheap.

[Stranded]

Plus there might be sell on clauses in one of those deals.

At the end of the day it's all random spaculation from people who know nothing. Until NH says something then none of it can be believed.

Hmm and probably not then either

But fact remains losing 4 or 5 sellable players and using that money to tick over reduces the value of the club

Fwiw think the Athletic article is prob just speculation, but would really like to see movement very soon on the sale

About 3 of them were ooc in the summer anyway. Maybe we could have got another £500k for Holmes.

Maybe we could have got millions for Vickers. Or maybe he'd have flopped and left on a free for Nuneaton.

You could make a better argument that the club is more valuable after the departures because the wage bill is even healthier and the club's in a better League position regardless.

Value is basically from what division your in.

Even more basic than that, value is what someone is willing to pay.

In some circumstances, a buyer may even pay more for a L2 side than a L1 side if they feel the long term outlook for that club is rosier. A L2 club with exactly the same infrastructure as us but with costs under control and minimal debt could be worth paying more for that a L1 club in poor health as the costs associated with then turning that club around are greater. Still wouldn't expect someone to pay 30m but there you go.