Potential New Owners

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Hound
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Re: Potential New Owners

by Hound » 22 Sep 2023 22:12

Royal Rother Dunno about that - they wanted / needed an opportunity to play in order to develop their careers and are getting that at Reading.


And already getting linked to some other clubs apparently

blythspartan
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Re: Potential New Owners

by blythspartan » 26 Sep 2023 17:57

John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.

loyalroyal4life
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Re: Potential New Owners

by loyalroyal4life » 26 Sep 2023 18:07

blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.



Have you got a link to the article?

blythspartan
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Re: Potential New Owners

by blythspartan » 26 Sep 2023 18:09

loyalroyal4life
blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.



Have you got a link to the article?


https://twitter.com/JPercyTelegraph/sta ... gr%5Etweet

Clyde1998
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Re: Potential New Owners

by Clyde1998 » 26 Sep 2023 18:15

blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.
That's some positive news at least.


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Re: Potential New Owners

by WestYorksRoyal » 26 Sep 2023 18:38

Takeover would be great but goes further than club statements about seeking "investment". The Club have never suggested that Dai wanted to sell. Perhaps he's starting to smell the coffee and realising there's no way to recover the £200m he's pissed away. Let's hope so.

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Pepe the Horseman
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Re: Potential New Owners

by Pepe the Horseman » 26 Sep 2023 18:57

but the main concern is how the points deductions are having an adverse effect on the club’s valuation.

windermereROYAL
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Re: Potential New Owners

by windermereROYAL » 26 Sep 2023 19:11

John Percy is normally on the ball to be fair.

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Snowflake Royal
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Re: Potential New Owners

by Snowflake Royal » 26 Sep 2023 19:19

loyalroyal4life
blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.



Have you got a link to the article?

It's Telegraph so it'll be paywalled


windermereROYAL
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Re: Potential New Owners

by windermereROYAL » 26 Sep 2023 19:23

blythspartan
loyalroyal4life
blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.



Have you got a link to the article?


https://twitter.com/JPercyTelegraph/sta ... gr%5Etweet


Some of the comments on there are pitiful, how can any genuine fan rejoice on another club going to the wall?

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Ascotexgunner
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Re: Potential New Owners

by Ascotexgunner » 26 Sep 2023 19:23

blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.


Football League world also reporting 3 parties interested. One in advanced talks is concerned about the incoming points deductions and unpaid bills. Makes me wonder if they have the money to buy but not to run the club.

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Re: Potential New Owners

by WestYorksRoyal » 26 Sep 2023 19:29

Pepe the Horseman
but the main concern is how the points deductions are having an adverse effect on the club’s valuation.

Club is probably losing value every week he stays.

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Re: Potential New Owners

by Mid Sussex Royal » 26 Sep 2023 19:50

windermereROYAL John Percy is normally on the ball to be fair.


Yes - he broke the story of the -6 in March well before anyone else


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Re: Potential New Owners

by WestYorksRoyal » 26 Sep 2023 20:03

The pace is the concern. 4 more points lost because of the impending payday is very possible, which then creates further negotiation delays. Before you know it the HMRC matter is more pressing and then October payday is due, by which time we could be well on our way to L2 with no resolution.

It just needs to be resolved quickly. It's pretty common in M&A to have variable consideration terms. Surely they could afford £15m up front and a 2nd amount due in 3 years dependent upon our division at that point. Mitigates the impact of points deductions. And if they also need to inject £5m working capital or so, then this can easily be identified through due diligence and used in negotiations.

People talk about possible sticking points, but if there is a desire by both parties to get the deal done then these are nothing to hold it up.

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Re: Potential New Owners

by Hound » 26 Sep 2023 20:14

windermereROYAL
blythspartan
loyalroyal4life

Have you got a link to the article?


https://twitter.com/JPercyTelegraph/sta ... gr%5Etweet


Some of the comments on there are pitiful, how can any genuine fan rejoice on another club going to the wall?


Esp Derby fans moaning about 21 points when 12 are automatically for Admin - which may still be where we end up

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Sutekh
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Re: Potential New Owners

by Sutekh » 26 Sep 2023 20:56

windermereROYAL


Some of the comments on there are pitiful, how can any genuine fan rejoice on another club going to the wall?


Not normally, but if it were Derby, Leeds or Franchise FC then maybe...

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Re: Potential New Owners

by Greatwesternline » 26 Sep 2023 21:18

Snowflake Royal
loyalroyal4life
blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.



Have you got a link to the article?

It's Telegraph so it'll be paywalled


Reading’s cash crisis is under further scrutiny after the League One club were placed under a transfer embargo for failing to pay HMRC on time.

After missing another deadline for the tax bill to be paid, Reading will be placed under restrictions by the Football League and are also facing a fourth winding up order in another embarrassment for owner Dai Yongge.

Reading are also in danger of sustaining another points deduction if they fail to pay wages to players and staff this Friday.

Yongge is under huge pressure to sell up after racking up 16 points in deductions for breaching the EFL’s financial rules. Fans are set to protest this weekend during the home match against Burton Albion, as Yongge’s turbulent tenure lurches from one crisis to another.

However, it is understood that at least three parties have registered interest in buying the club in recent weeks. One of those parties is advanced in negotiations but the main concern is how the points deductions are having an adverse effect on the club’s valuation.

Yongge, who is based in China, is struggling to move money into England due to the government imposing limits on capital and he was charged last week with misconduct. Yongge has been charged directly by the EFL after he failed to deposit 125 per cent of the wage bill into an allocated account.

The failure to pay HMRC on time – which was understood to have been a date last week – will result in a transfer embargo.

It will be the third time Reading have failed to pay their tax bill on time, with the club threatened with a third winding up order in June.

Reading were relegated from the Championship last season and are currently 22nd in the third tier after having four points deducted.

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Re: Potential New Owners

by Royal_jimmy » 27 Sep 2023 06:49

Hound
windermereROYAL


Some of the comments on there are pitiful, how can any genuine fan rejoice on another club going to the wall?


Esp Derby fans moaning about 21 points when 12 are automatically for Admin - which may still be where we end up


Derby have had it no harder than we have. Stupid post when he doesn't know all the minutiae behind this mess.

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Sutekh
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Re: Potential New Owners

by Sutekh » 27 Sep 2023 08:23

Wonder who the interested parties are (presume that one is probably William John Storey) guess we won't know any more until a bid is successfully approved by the FL.

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Re: Potential New Owners

by YorkshireRoyal99 » 27 Sep 2023 08:32

Ascotexgunner
blythspartan John Percy from the Telegraph is reporting that we’re in takeover talks with 3-4 parties, and that we are in advanced talks with one of them.

This is contrary to what the fella in the Mirror was saying, but he’s not got much right about us in recent months.


Football League world also reporting 3 parties interested. One in advanced talks is concerned about the incoming points deductions and unpaid bills. Makes me wonder if they have the money to buy but not to run the club.


Anybody would be worried about buying a business that currently isn't fulfilling it's obligations to pay tax and wages, for whatever reason that may be. It's a tough gig taking on the club at the moment because there is a whole lot of mess to sort out, let alone what division we could be playing in by the time any takeover is complete. If we keep getting handed down points deductions each month then that makes it all the more likely that it will be L2.

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