It's likely just intercompany debt at this point, i.e. debt that the Club legal entity owns to another member of the Redwood group. External debt is a much more interesting thing to find out. Sadly much of this will be invisible until we get the accounts covering this period in March next year. Yup...

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that mo...

Reckon this will actually go through before the 12th? Or is this just another false dawn? Reading FC appears to have become a dormant company on the Companies House website - make of that what you will.... Thats the old Company name - ( Reading F.C. Limited) Been dormant for over a decade The actua...

Meltdown incoming

Good news if he comes through and I'll judge him on his performance, Q on Q -

I'll be less impressed if he 's a trump supporter.

Looking forward to reading the in depth book, someone will no doubt write about this, once it all gets sorted. Also, worth a look , if not already mentioned through the recent pages, but check out Mike Gow's (@mikeygow) latest mega thread about Dai on twatter. It really explains the cluster that is ...

Yes Dai’s original law firm sent the release documents to RC via DocuSign type software. This firm then quit the case leaving RC unable to sign and return them even if he wanted to, which I presume he doesn’t anyway. Overall it seems to me that it’s this Dai person that’s the problem :? Nah, it's a...

MartinRdg I've just got an email notification of a change to Reading FC on the companies house gov.uk website but can't find what's changed. Anyone else got any ideas?

No changes today - could it be the filing of the 2023 accounts?

Thanks mate. This has taken quite some prep since I managed to secure it but I hope we covered everything and got more new information. The liens information is very interesting. Whilst it avoids a doomsday scenario is this why the club have avoided administration but have been on a drip feed of fu...

Winding up petition issued against Reading FC by management agency, Skelland Brown. https://x.com/BebbingtonScott/status/1905289530459980241?t=LbdRGkXwOJEhof_5EmMF6w&s=19 https://x.com/thesimpsonRFC/status/1905293232440738232?t=44gV5eTCC5hRAZ7qaZvJrQ&s=19 A new winding up petition has been ...

Some of this article, rings true...

https://www.bbc.co.uk/news/articles/ce8vp2e7p64o

That's obviously the fear but didn't the club suggest £6m escrow on Friday? The judge suggested this to the club, didn't he? And Couhig's case is going ahead with or without a sale. Dai risks losing all of his money if the club is wiped out, so the sensible (ha!) option is to go ahead with the sale...

Bearwood's accounts also published - running costs (admin expenses) - £875k - which is in line with previous year. It wipes it nose vs returns against academy player sales / using academy players in the matchday squad, given we've not bought anyone, I guess. Creditors - £39m - which is the loan from...

Re sale of the investments... Didn't the club sell the stadium to another Dai company in an effort to reduce losses for FFP (only to be told it didn't count)? You can only sell it once? That sale was accounted for a few years ago now if i recall correctly. I can't remember what it was, and yes the ...

So we're embargo free!!!

What ever next

Am I right in thinking Couhig only has security over Bearwood and the Stadium? So Dai could sell the club to Platek now and kick the can down on the road on the real estate assets until the court case in June has occurred? Correct. I mean, he could sell the lot, all he has to do is put enough of th...

WestYorksRoyal Am I right in thinking Couhig only has security over Bearwood and the Stadium? So Dai could sell the club to Platek now and kick the can down on the road on the real estate assets until the court case in June has occurred?

Correct.

Somehow reading in the proper press the words "kicked out of the league" and the date being next month made me physically sick. The EFL risk destroying a football club that has existed uninterrupted since 1871 over non-Reading FC activities of a guy they cleared to buy the club. They can'...

What that doesn't say is RFC council offered 6m to put into escrow given Couhigs claim (12m) is totally unsubstantiated Just to clarify please. Counsel (legal officer) or Reading Council (Borough Council)? I assume it's the former. Yes 'council' did have me wondering WTF?!! LOL, bloody posting from...

Sutekh Chronicle reports loss of court case but injunction to prevent sale of club denied

What that doesn't say is RFC council offered 6m to put into escrow given Couhigs claim (12m) is totally unsubstantiated