Confimred new owners of Raeding Footbal Club

[multisync1830]

I still would prefer to wait for confirmation that the shares have indeed been transferred before starting out building a house of cards based on one errant tweet.

I know the shares were offered free to SJM back in September 13 if the sale wasn't concluded by June 14 so unless SJM pee'd Boris off big style I don't see why he would give them to AO & CS instead especially back in January when a sale was thought to be very close. Just makes no sense.

If I was given shares in a company which owed 40m I would be slightly reluctant to accept them. I would be even more reluctant to annoy any potential buyer by making silly demands which may jeopardise the sale.

From my perspective I remain convinced the Z family still own TSI (but with Boris in control) AO & CS remain directors only and the sale will go through before administration unless Boris has negotiated a way round to Phoenix the club. That would wipe out the debt (inc the money owed to them) but there is no profit that way unless a buyer is there in place already. Remember the club loses money every day despite the best efforts of the prudent management.

[Royal Rother]

Im guessing its only me that believes SJM jumped at the opportunuty to make a fast buck and get out when doing the deal with TSI in which case he made a monumental fcuk up?
Anyone else think the reason he is still around is not necessarily for the benefit of RFC but to get as much out of any takeover as possible?
He made his money selling cars.................


Just sayin

JHC but "make a fast buck" has to be the stupidest comment I've seen yet on this.

Note sure about that, it's tough to any one of his posts above all the others.

[blueroyals]

I know the shares were offered free to SJM back in September 13 if the sale wasn't concluded by June 14 so unless SJM pee'd Boris off big style I don't see why he would give them to AO & CS instead especially back in January when a sale was thought to be very close. Just makes no sense.

The idea that Anton "gave" his shares to SJM is quite complex. AZ owns shares in TSI whereas SJM owns shares in RFC holdings. In order for Anton to "give" his shares to SJM, SJM would become a shareholder in TSI.

I believe AZ gave his shares back to TSI (i.e. AO and CS) in order to prevent SJM taking back control of the club. AZ gave clear instructions to AO & CS to sell the club for £1, something he couldn't trust SJM to do.

To be clear, SJM & co could remove AO and CS as directors from the football club whenever they like (with a majority vote) but this wouldn't make any difference - as they (AO & CS) would both still hold a majority share and call the shots on any sale.

[Ian Royal]

I know the shares were offered free to SJM back in September 13 if the sale wasn't concluded by June 14 so unless SJM pee'd Boris off big style I don't see why he would give them to AO & CS instead especially back in January when a sale was thought to be very close. Just makes no sense.

The idea that Anton "gave" his shares to SJM is quite complex. AZ owns shares in TSI whereas SJM owns shares in RFC holdings. In order for Anton to "give" his shares to SJM, SJM would become a shareholder in TSI.

I believe AZ gave his shares back to TSI (i.e. AO and CS) in order to prevent SJM taking back control of the club. AZ gave clear instructions to AO & CS to sell the club for £1, something he couldn't trust SJM to do.

To be clear, SJM & co could remove AO and CS as directors from the football club whenever they like (with a majority vote) but this wouldn't make any difference - as they (AO & CS) would both still hold a majority share and call the shots on any sale.

How many directors do we have to vote, because I can't see AO & CS voting to remove themselves and they make up a big old chunk of them.

[Uke]

Perhaps a way out would be to keep Oblio and Samuelson with a minority shareholding

Burman buys SJM out and the 2% from TSI

When they fail to deliver their part again he sues the arses off them

[loyalroyaldaz]

And whilst this bunch of greedy egotistical fools try and line their pockets The Club slips slowly down the Pan.
Its The Reading Way

[loyalroyaldaz]

Perhaps a way out would be to keep Oblio and Samuelson with a minority shareholding

Burman buys SJM out and the 2% from TSI

When they fail to deliver their part again he sues the arses off them

Have you considered the fact that maybe those two did pay their way?
You will of course riddicule this but i did say on here a few months back that i was told AZ hadnt actually paid a penny.
I was slaughtered then but the more comes out the more the things i was told ring true.
And it was from somebody who works in the financial side of things at the club.

[Uke]

Perhaps a way out would be to keep Oblio and Samuelson with a minority shareholding

Burman buys SJM out and the 2% from TSI

When they fail to deliver their part again he sues the arses off them

Have you considered the fact that maybe those two did pay their way?
You will of course riddicule this but i did say on here a few months back that i was told AZ hadnt actually paid a penny.
I was slaughtered then but the more comes out the more the things i was told ring true.
And it was from somebody who works in the financial side of things at the club.

Oblio and Samuelson were only director of TSI they were employees of AZ who owns 100% of the shares in TSI

They had nothing to do except collect their salaries.

Explain how they would have "paid their way" as I can't see it, apart from implementing the grand schemes and pushing through our marquee signings which have driven the club to where it is now.

[Royal Ginger]

Potential New Owner: Hi chaps, nice to meet you, I'm really interrested in buying the club.
Current Board Members: Oh great, sounds good. Let's do it,
Potential New Owner: Cool. Here's some forms for you to sign,
Current Board Members: Wait...what are these?
Potential New Owner: Oh yeah, I want to to volantarily give up your wage and leave.
Current Board Members: Hold on a mo, can we talk about this?
Potential New Owner: No. If you don't sign your livelyhood away and bugger off right now i'm going to leak to the press and everyone will hate you.
Current Board Members: Woah Woah Woah, isn't this bullying and a case for constructive dismissal?
Potential New Owner: Too late, the spaztards on Hobnob have seen the tweets.

[Sutekh]

JM owned 100% of RFC, AZ bought 51% of the shares off him through TSI to get a controlling interest.

Now AZ is completely out of the picture this 51% of shares is owned by TSI and therefore AO and CS will be calling the shots on the sale.

Next, what we want to know, is what is their side of the story as at the moment it seems all we've had is spin from the other half.

[blueroyals]

AO and CS have earned their wage IMO. We've had 4 or 5 potential buyers this year that they've found. I'm willing to bet that in the entire 20 years pre-Anton SJM had less interest than what we've had in the last 6 months.

They're using their global contacts to find potential buyers.

[tee peg]

Potential New Owner: Hi chaps, nice to meet you, I'm really interrested in buying the club.
Current Board Members: Oh great, sounds good. Let's do it,
Potential New Owner: Cool. Here's some forms for you to sign,
Current Board Members: Wait...what are these?
Potential New Owner: Oh yeah, I want to to volantarily give up your wage and leave.
Current Board Members: Hold on a mo, can we talk about this?
Potential New Owner: No. If you don't sign your livelyhood away and bugger off right now i'm going to leak to the press and everyone will hate you.
Current Board Members: Woah Woah Woah, isn't this bullying and a case for constructive dismissal?
Potential New Owner: Too late, the spaztards on Hobnob have seen the tweets.

So the deal aint done yet?

[Uke]

AO and CS have earned their wage IMO. We've had 4 or 5 potential buyers this year that they've found. I'm willing to bet that in the entire 20 years pre-Anton SJM had less interest than what we've had in the last 6 months.

They're using their global contacts to find potential buyers.

Potential buyer =/= buyer

You'll know the difference if you've ever bought or sold a house

[multisync1830]

Potential New Owner: Hi chaps, nice to meet you, I'm really interrested in buying the club.
Current Board Members: Oh great, sounds good. Let's do it,
Potential New Owner: Cool. Here's some forms for you to sign,
Current Board Members: Wait...what are these?
Potential New Owner: Oh yeah, I want to to volantarily give up your wage and leave.
Current Board Members: Hold on a mo, can we talk about this?
Potential New Owner: No. If you don't sign your livelyhood away and bugger off right now i'm going to leak to the press and everyone will hate you.
Current Board Members: Woah Woah Woah, isn't this bullying and a case for constructive dismissal?
Potential New Owner: Too late, the spaztards on Hobnob have seen the tweets.

It's ridiculous to suggest they don't know the score when someone comes in a buy's a business. if they try to blackmail either potential owner their reputation would be wrecked. They are deal makers it's what they do.

[multisync1830]

I know the shares were offered free to SJM back in September 13 if the sale wasn't concluded by June 14 so unless SJM pee'd Boris off big style I don't see why he would give them to AO & CS instead especially back in January when a sale was thought to be very close. Just makes no sense.

The idea that Anton "gave" his shares to SJM is quite complex. AZ owns shares in TSI whereas SJM owns shares in RFC holdings. In order for Anton to "give" his shares to SJM, SJM would become a shareholder in TSI.

I believe AZ gave his shares back to TSI (i.e. AO and CS) in order to prevent SJM taking back control of the club. AZ gave clear instructions to AO & CS to sell the club for £1, something he couldn't trust SJM to do.

To be clear, SJM & co could remove AO and CS as directors from the football club whenever they like (with a majority vote) but this wouldn't make any difference - as they (AO & CS) would both still hold a majority share and call the shots on any sale.

SJM owns RFC holdings plc.
AZ owns TSI

RFC holdings hold 49% of RFC Ltd
TSI hold 51% of RFC Ltd

If AZ gives SJM 51% of RFC Ltd then he becomes 100% holder of RFC Ltd

There is no need for SJM to be involved in TSI in any way shape or form.

[ZacNaloen]

don't believe for a second anton returned any shares to Madejski. He just resigned and redistributed his shares to Samuelson and Oblensky.

or these clauses re: MTI and then having jurisdiction. These rumoured demands are all just because they hold the most valuable part of the company.

This is what I think is going on

TSI is 51% of the ownership, therefore defacto these are the important shares. This is the sole reason they have control over the sale, theirs are the only shares that matter if your immediate aim is control of the club. Madejski will sell as well just because he doesn't want his wealth tied up in the club anymore.

I have doubts over the legality that anyone can hold any say over the shares Madejski holds in RFC Holdings that could stand up in court, it's a different entity.

Now comes seriously vague speculation (above is just speculation ), would Madejski consider selling his shares directly to Burman? Maybe this is what the rumoured meeting is about.

49% isn't 51% but it's a foot in the door & saves the club as there is nothing that says he can't put money into RFC Ltd and he can chip away at TSI. If he's what he says he is and he's in it for the sport is there any reason this could not happen? (I have no reason to doubt the guy, he has a good reputation but really who knows with these billionaires. They all seem to be sociopaths)

[leon]

basically, we're f ucked

[ZacNaloen]

Certainly seems tough

[Sutekh]

basically, we're f ucked

Yes but that is the Reading way so what's the difference.

[Royal Rother]

Zac, Burman would not be interested in acquiring 49%.