Thames Sports Investment

[Chaney]

it seems never ending, surely it needs to be done before everyone goes off on their holidays.

[mr_number]

it seems never ending, surely it needs to be done before everyone goes off on their holidays.

SJM and Anton have just been on the piss with the team in Marbella, so they haven't had time to announce it yet.

[BenReadingFC]

There was an interview this evening with a representative from TSI.
"How long until the deal is done?"
http://www.youtube.com/watch?v=XY5KTVA_2ys&t=0m4s

It sounds a bit iffy to me.

[Royal Lady]

If, as I was told, the hold up is due to TSI not showing where the money is coming from - surely they'd have proven this y bnow? I can't understand what is taking so long - unless TSI cannot prove where the money is coming from - in which case, however, how long would the PL or whoever give them to prove it?

[ScottishRoyal]

If, as I was told, the hold up is due to TSI not showing where the money is coming from - surely they'd have proven this y bnow? I can't understand what is taking so long - unless TSI cannot prove where the money is coming from - in which case, however, how long would the PL or whoever give them to prove it?

We have been told by the club, JM and AZ that everything that the PL has requested has been provided though so, although its clear the PL have been going to great lengths to disover the source of incoming funds, I thin kwe haveto trust the fact that the club have done what they feel is enough to satisfy any questions.

[MmmMonsterMunch]

I'm going to stick my neck out & say this thread gets to 200 pages & it still won't be done.

[Friday's Legacy]

If, as I was told, the hold up is due to TSI not showing where the money is coming from - surely they'd have proven this y bnow? I can't understand what is taking so long - unless TSI cannot prove where the money is coming from - in which case, however, how long would the PL or whoever give them to prove it?

We have been told by the club, JM and AZ that everything that the PL has requested has been provided though so, although its clear the PL have been going to great lengths to disover the source of incoming funds, I thin kwe haveto trust the fact that the club have done what they feel is enough to satisfy any questions.

Indeed. Why is everyone in such a rush about this? What difference does it make to your life if it's announced tomorrow, next week or the week after?

We are in discussions with at least three players at the moment, so this isn't holding up any transfers we wish to make.
The club is already in discussions with a university about using their facilities as part of the academy being upgraded to Cat 1 status.
Money has already been spent on electronic advertising boards. I don't know the cost of these but again it's something I doubt we would have spent on had Anton not provided the money. (and yes I'm sure it can all be paid back at a later date if the worst did happen)
There will numerous other things going on behind the scenes that we aren't aware of as well.

The club have said they have provided the Premier League with everything they have asked for. Now it's a case of the PL going through it with a fine tooth comb and satisfying themselves, and then hopefully giving their approval for the take-over to be completed.
It's still possible they might want more information, but that wasn't the case last week. Something may have changed since, or we are simply waiting for them to wrap this up.

It is what it is, and it will be done when it will be done.

[Royal Lady]

If, as I was told, the hold up is due to TSI not showing where the money is coming from - surely they'd have proven this y bnow? I can't understand what is taking so long - unless TSI cannot prove where the money is coming from - in which case, however, how long would the PL or whoever give them to prove it?

We have been told by the club, JM and AZ that everything that the PL has requested has been provided though so, although its clear the PL have been going to great lengths to disover the source of incoming funds, I thin kwe haveto trust the fact that the club have done what they feel is enough to satisfy any questions.

So do we know why this is taking so long then?

[Super Kevin Bremner!]

Submitting the paperwork isn't the end of the story is it though? In the Halcyon days of mortgage lending - where you could borrow £200K with a passport and a driving licence, you could get things done quickly, and, similar to mortgages, times have changed.

Once the paperwork is submitted it surely has to be ratified and followed up, well you'd have thought so anyway.

This means all sorts of stuff like liaising with the Russian authorities, private companies and individuals, solicitors (we all know how shit they are) and Russian (or other) financial institutions such as banks and investment companies etc.

So unless the PL just want to see a bank statement and have done with it, then it's gonna take ages. Not surprised by this at all.

I suppose we all live in a nerdy/geeky Society where you can get stuff done online in an instant now and our expectations are so much higher. Once upon a time it wasn't all at your fingertips you know, and stuff like viewing porn involved rummaging through your Dad's wardrobe, or taking a hike up thew Oxford Road to Lovecare rather than clicking on Redtube and getting your seedy little rocks off.

It's funny because my little lad is 4 and a half now and I'm trying to teach him the virtue of patience, but it's understandable that he doesn't get it yet because he is only 4 and a half. I imagine most (if not all) of the posters whinging and panicking about the time it's taking to complete this deal on here are significantly older (and supposedly wiser).

Like FL says, it'll be done when it's done.

[Norfolk Royal]

It's funny because my little lad is 4 and a half now and I'm trying to teach him the virtue of patience,

Good luck with that.

[superreadingfan]

If they don't have date, don't give us one. simples.

[Royal Lady]

If they don't have date, don't give us one. simples.

Fair comment. All this "next week" stuff is bound to make people think it might be "next week" but then "next week" comes and goes without any further news. If they've not yet been given a timescale as to how long it will take, why bother saying anything other than "it's in PL hands but we have not yet been informed as to how long this will take"!

[robinsfriday]

If they don't have date, don't give us one. simples.

Fair comment. All this "next week" stuff is bound to make people think it might be "next week" but then "next week" comes and goes without any further news. If they've not yet been given a timescale as to how long it will take, why bother saying anything other than "it's in PL hands but we have not yet been informed as to how long this will take"!

That's the biggest mistake JM and in some ways Anton have made. Giving a date so to speak of "next week". It gives people expectations and when nothing happens people will naturally be worried. I personally don't think there is an issue. Although it's on a much larger, legal scale I compare the deal to moving house. There is never a fixed amount of weeks to see a sale go through. Estate agents will tell you six weeks but could in fact be twelve. For all we know the guy who signs it off at the PL may be on holiday and gets back next week. Unlikely I know, but who knows. Point is, no one knows.

[Pseud O'Nym]

So unless the PL just want to see a bank statement and have done with it

They might want a utility bill as well. It can be a pig to find one of those in these days of paperless billing.

[Ian Royal]

If they don't have date, don't give us one. simples.

Fair comment. All this "next week" stuff is bound to make people think it might be "next week" but then "next week" comes and goes without any further news. If they've not yet been given a timescale as to how long it will take, why bother saying anything other than "it's in PL hands but we have not yet been informed as to how long this will take"!

It's probably an attempt to answer all the questions about what's taking so long.

Given Anton's all over the club, has already injected money, and we're acting like it's a done deal, I have no qualms about when we finally get the formal and official announcement it's gone through.

[Royal Lady]

I have no idea what you're on about with the first part of your post. If the club don't know when the PL are going to sanction this, why say next week? If they think saying "next week" placates any twitchy fans, then they're wrong - esp when they say "next week" every week!

And as for the money Anton has "put" in - do we know how much this is? It's also in the form of loans, so if it goes wrong, we'll still have to pay it back. However, surely until it does go through, we can't look to buy anyone else - unless it is within the restraints imposed by SJM - for fear that TSI doesn't go through and we're left to try and afford it all....

[Ian Royal]

I have no idea what you're on about with the first part of your post. If the club don't know when the PL are going to sanction this, why say next week? If they think saying "next week" placates any twitchy fans, then they're wrong - esp when they say "next week" every week!

And as for the money Anton has "put" in - do we know how much this is? It's also in the form of loans, so if it goes wrong, we'll still have to pay it back. However, surely until it does go through, we can't look to buy anyone else - unless it is within the restraints imposed by SJM - for fear that TSI doesn't go through and we're left to try and afford it all....

If things are close and as far as they are concerned all is good, then there's no reason not to say they expect things to go through soon. And refusing to say anything about a timescale is only going to cause people to get more worried. As it is, they say they hope / expect it'll be next / this week... whatever, and it's just a question of the PL saying yes.

It's not like we've been given a hard date.

I don't care how he's put the money in, even if he's owner it's unlikely to be free. The fact is he has invested in us before the deal goes through. That is a very important and encouraging sign to me.

[Pseud O'Nym]

And as for the money Anton has "put" in - do we know how much this is? It's also in the form of loans, so if it goes wrong, we'll still have to pay it back. However, surely until it does go through, we can't look to buy anyone else - unless it is within the restraints imposed by SJM - for fear that TSI doesn't go through and we're left to try and afford it all....

You seem to be ignoring the huge change of circumstances the club has had since the initial TSI approach. They now have a guaranteed extra income of 60 million or so over the next couple of years, that can be borrowed against with commercial loans at reasonable rates.

[Cypry]

And as for the money Anton has "put" in - do we know how much this is? It's also in the form of loans, so if it goes wrong, we'll still have to pay it back. However, surely until it does go through, we can't look to buy anyone else - unless it is within the restraints imposed by SJM - for fear that TSI doesn't go through and we're left to try and afford it all....

You seem to be ignoring the huge change of circumstances the club has had since the initial TSI approach. They now have a guaranteed extra income of 60 million or so over the next couple of years, that can be borrowed against with commercial loans at reasonable rates.

^ this - i'm not expecting us to spend big anyway on signings. Everything indicates that we can expect to see "Reading type" signings - one of the strongest rumours is around McCkeary (on a free). Anyone hoping for us to blow millions on players this Summer will, I suspect, be sorely disappointed.....we might make one "marquee" signing, but I don't expect more than one "big money" signing (at least, big on the Reading scale)....

Our circumstances are massively different now from a month ago. Money isn't so much of an issue regardless, and things are very different to last time we went up (nothing to spend on a media centre etc)....

Both Norwich and Swansea have shown that 1st year survival is more than achievable without blowing the bank.....we'll attempt to do the same, with or without TSI....

[DOYLERSAROYALER]

Cypry quote :


^ this - i'm not expecting us to spend big anyway on signings. Everything indicates that we can expect to see "Reading type" signings - one of the strongest rumours is around McCkeary (on a free). Anyone hoping for us to blow millions on players this Summer will, I suspect, be sorely disappointed.....we might make one "marquee" signing, but I don't expect more than one "big money" signing (at least, big on the Reading scale)....

Our circumstances are massively different now from a month ago. Money isn't so much of an issue regardless, and things are very different to last time we went up (nothing to spend on a media centre etc)....

Both Norwich and Swansea have shown that 1st year survival is more than achievable without blowing the bank.....we'll attempt to do the same, with or without TSI....

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.....Norwich spent £14m and Swansea spent £11m....so I guess Reading will need to break their "Reading way"approach....as we have never spent those amounts before in a season ...Reading do not have the strength in depth for the Prem so I'd hope that they spend sufficiently this summer..because if they don't, January is a long way away ,and by that time, it could be too late to do any further spending