by Extended-Phenotype »
15 Oct 2024 08:13
That’s the tricky thing about protesting, though. You are often attempting to pressure a side into doing the right thing (for you) through means that causes them inconvenience. I mean, it’s not like we haven’t also needed Dai on our side.
If Haitong are actively blocking the sale because they want Dai to pay the debt prior to sale, that’s a dick move (as it leaves us to crumble while two parties squabble over some side deal). If they are insisting to be a beneficiary of the sale and this is disincentivising Dai or potential buyers, that’s not great either. Ideally we’d need to be treated as a separate transaction and Dai’s debt to them as something to pursue independent of whether he owns or doesn’t own Reading. I mean, ultimately if Dai could afford the debt if he sold us but this deters him from doing so, what’s the point of this game plan? It’s the same limbo state then if the sale completed and Dai continued to avoid repayment, just with the former causing the collapse of a football team in the meantime. In which case couldn’t they get out of oxf*rd way of the sale and chase Dai on their own time once he has nothing more to do with us?
I’m just not seeing how throwing wrenches into takeovers is good for them, let alone us. I also don’t quite understand why, if Dai has defaulted and the stadium is collateral, the stadium doesn’t already belong to them anyway. That’s how these things generally work. It would be better for us if this was the case (though perhaps it IS the case as previously mentioned?).
