Confimred new owners of Raeding Footbal Club

[JakeTheRoyal]

Burman's pulled out. We are running out of options here

[BraisingsteakRoyal]

Why would Southampton have needed to avail themselves of Vibracs services? I thought they were funded entirely from that dead fellas inheritance trust?

[Norfolk Royal]

I run a business and if I were borrowing on the strength of money coming in, well, I just wouldn't do it to be honest.

What if, for instance, the plug was pulled on Sky for whatever reason or they reneged on their deal with the premiership, or any other disaster type option.

Borrowing like this is a risk really and asking for trouble. I don't think the club should have done it.

[West Stand Man]

I run a business and if I were borrowing on the strength of money coming in, well, I just wouldn't do it to be honest.

What if, for instance, the plug was pulled on Sky for whatever reason or they reneged on their deal with the premiership, or any other disaster type option.

Borrowing like this is a risk really and asking for trouble. I don't think the club should have done it.

You would if it was absolutely guaranteed money coming in. The Sky option you refer to is a risk because it can't be guaranteed (witness the fall out when the alternative TV option went wrong a few years ago).

[HoneyRoastHoax]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

Those Mega Rich people will soon do a disappearing act if this mess continues. And it is a mess, nothing less than that. I want to see Reading FC prosper, not fall apart, but I cant imagine anything but at the moment

[Tilehurstsouthbank]

So what happens Vibrac are paid off via PP - do they relinquish the charge over the club ?

Paypal?

[SPARTA]

Burman's pulled out. We are running out of options here

Isn't that Samuelson's play? He wants us to take the Phoenix offer, which he's supposedly behind, and then he can get even more money out of the club before ultimately leaving us in the shitter in a few years time. I don't like any of this. Being passed from one mess to the next, while they strip more and more of the club away.

[Silver Fox]

As nobody has got anything right so far can everyone just stop guessing?

[WoodleyRoyal]

As nobody has got anything right so far can everyone just stop guessing?

and where would be the fun in that SF? don't forget we will have the school holidays soon and they will all be on here swooning at the likes of Sparta and all the other itks' incredible insider knowledge

[Mr ReadingFC]

As nobody has got anything right so far can everyone just stop guessing?

I am very IKR and i can confirm that in recent events, Reading Football Club are f*cked

[andrew1957]

It seems to me that this is turning into to one heck of an all out war between SJM/old board against MTI/Vibrac/possibly Sagi (or ano).

I can only think that SJM has brought in BTG to help stop MTI/Vibrac. It is the only thing that makes any sense and explains the sudden exit of TSI/MTI from the board. I fear that SJM thinks that Samuleson is out to asset strip the club - probably with the help of Sagi/ano) and build on Arborfield training centre - but probably not go ahead with Bearwood - leaving us high and dry - end of Academy etc.

I honestly believe that SJM cares about the club and his legacy but I fear that he is up the creek without a paddle by the look of it. For all we know AZ might not be entirely the bad guy he has been made out to be - perhaps that role has been taken by others and is another reason for his sudden exit. I suspect there is a lot more to this than meets the eye.

Sadly - if I am right - the danger is that no agreement can be reached and the club will simply be torn to pieces as collateral damage and a fire sale of all saleable assets will occur this summer if no agreement can be reached. Worrying times indeed.

[Sutekh]

Or perhaps not, perhaps CS is a good guy, let's face it none of us are ITK so all we can do is continue all the mindless speculation and what if's until something official is announced and then worry/celebrate

All of which is better than watching SKY's mindnumbing coverage of England in their hotel/training etc.

[PieEater]

My take from the CS interview was that he was saying goodbye and we wouldn't see him again.

[winchester_royal]

I have to say that I'm really not sure that Samuelson is evil bastard that he is being portrayed as. You don't go to all the U21/U18 games unless you at least have some interest in the club's long term health, and if this time he is actually able to bring some money to the table then maybe it wouldn't be all bad.

Think Messrs Watts and Fordham are being used by parties that have a vested interest in the takeover and aren't really being given the whole story. Can't blame them though as the club seem to be giving them nothing.

Could be completely wrong of course..

[paddy20]

And the good old Official site names its ten top videos. Has anyone told them we are in dire trouble?? Does anyone bother to read the dribble they come out with anymore?

[Pepe the Horseman]

My take from the CS interview was that he was saying goodbye and we wouldn't see him again.

Farewell, sweet prince.

[paddy20]

As i understand it we couldn't possibly have lost all that money just on wages alone. Even the high earners would have seen their salaries cut by a third after relegation. That black hole has emerged through more sinister going ons. Why are the loan company calling in their loan? There are many other clubs in much more debt than us. How can we be in this mess when we have been prudent? It does not make sense.

[Norfolk Royal]

I run a business and if I were borrowing on the strength of money coming in, well, I just wouldn't do it to be honest.

What if, for instance, the plug was pulled on Sky for whatever reason or they reneged on their deal with the premiership, or any other disaster type option.

Borrowing like this is a risk really and asking for trouble. I don't think the club should have done it.

You would if it was absolutely guaranteed money coming in. The Sky option you refer to is a risk because it can't be guaranteed (witness the fall out when the alternative TV option went wrong a few years ago).

Well, history has taught me that 'absolute guarantees of money coming in' do not exist.

[Royalwaster]

As i understand it we couldn't possibly have lost all that money just on wages alone. Even the high earners would have seen their salaries cut by a third after relegation. That black hole has emerged through more sinister going ons. Why are the loan company calling in their loan? There are many other clubs in much more debt than us. How can we be in this mess when we have been prudent? It does not make sense.

Other clubs are generally not in debt to loan companies without a proper owner .... we don't have an owner who is securing our debt.

[Uke]

My take from the CS interview was that he was saying goodbye and we wouldn't see him again.

As opposed to his high profile over the last years?

You don't go to all the U21/U18 games unless you at least have some interest in the club's long term health

You only have to say you did. No one would really know.