Biscuit goalie Donald Trump has put in a bid of £100m It's the only way he can make himself a life President
by Sutekh » 04 Oct 2024 11:30
Biscuit goalie Donald Trump has put in a bid of £100m It's the only way he can make himself a life President
by Clyde1998 » 04 Oct 2024 11:57
Snowflake Royal Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.
Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.
As a L1 club our facilities are as much burdens as benefits.
by Crusader Royal » 04 Oct 2024 12:21
Snowflake RoyalWestYorksRoyalMid Sussex Royal Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.
The not so good news is that the money runs out mid November.
Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.
The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.
£5 says the new bidder is Dai's mate just trying to push up the price for other bidders.
by RoyalBlue » 04 Oct 2024 15:05
WestYorksRoyalMid Sussex Royal Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.
The not so good news is that the money runs out mid November.
Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.
The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.
by RoyalBlue » 04 Oct 2024 15:06
Biscuit goalie Donald Trump has put in a bid of £100m It's the only way he can make himself a life President
by Orion1871 » 04 Oct 2024 15:17
Biscuit goalie Donald Trump has put in a bid of £100m It's the only way he can make himself a life President
by Pepe the Horseman » 04 Oct 2024 15:43
Orion1871Biscuit goalie Donald Trump has put in a bid of £100m It's the only way he can make himself a life President
Frankly what is happening to our soccer club is terrible. Many people have come up to me, big guys wearing XL fleeces, tears in their eyes. They're saying thank you Mr Trump for saving us from the Jynese.
by Biscuit goalie » 04 Oct 2024 16:37
Pepe the Horseman
EFL: Do you have a business plan?
Big Don: I have concepts of a business plan.
by Uke » 04 Oct 2024 16:52
WestYorksRoyalMid Sussex Royal Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.
The not so good news is that the money runs out mid November.
Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.
The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.
by Rax » 04 Oct 2024 19:19
UkeWestYorksRoyalMid Sussex Royal Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.
The not so good news is that the money runs out mid November.
Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.
The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.
So three bids already binned off plus his mate?
Still reckon we'll eventually be seeing the return of Couhig with the bid "miraculously" getting accepted after an additional full stop is added to the contract.
This is just posturing by Dai
by leon » 05 Oct 2024 15:42
UkeWestYorksRoyalMid Sussex Royal Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.
The not so good news is that the money runs out mid November.
Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.
The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.
So three bids already binned off plus his mate?
Still reckon we'll eventually be seeing the return of Couhig with the bid "miraculously" getting accepted after an additional full stop is added to the contract.
This is just posturing by Dai
by RG30 » 07 Oct 2024 16:38
Reading Football Club can provide an update to all stakeholders, especially its supporters, regarding the ongoing sales process and transfer embargo status.
The Club can confirm it has agreed to a period of exclusivity with a potential purchaser. Both parties are working hard to finalise terms with the intention to complete a sale at the earliest opportunity. This exclusivity period also includes further provision to fund the club until the transaction’s intended completion.
The proposed sale will include Mr Dai’s shareholding in The Reading Football Club Limited, as well as the Select Car Leasing Stadium and Bearwood Park Training Ground.
As of today, the Club can also confirm that - alongside the requirement to operate under the terms of its business plan - it has today been placed under a formal registration embargo by the EFL (English Football League).
This embargo has been implemented, as per EFL regulations, due to the late filing of financial accounts to Companies House, and relates to the 2022-23 accounting period. We are working closely with our auditing partner to finalise these accounts at the earliest opportunity – at which point the embargo will be lifted immediately.
Further developments for both the takeover and embargo status will be communicated at the earliest opportunity, and the Club and would like to thank all supporters and staff for their patience during this time.
by Sanguine » 07 Oct 2024 16:44
by Pepe the Horseman » 07 Oct 2024 16:47
by Greatwesternline » 07 Oct 2024 16:51
Sanguine Fcuk me. The 23-24 tax year finished six months ago. There is no reasonable excuse whatsoever for the 22-23 accounts to be late. None.
by Pepe the Horseman » 07 Oct 2024 16:53
GreatwesternlineSanguine Fcuk me. The 23-24 tax year finished six months ago. There is no reasonable excuse whatsoever for the 22-23 accounts to be late. None.
There is if your auditor refuses to sign off your going concern basis and therefore insists you need to prepare the accounts on the break up basis.
by WestYorksRoyal » 07 Oct 2024 17:03
Pepe the HorsemanGreatwesternlineSanguine Fcuk me. The 23-24 tax year finished six months ago. There is no reasonable excuse whatsoever for the 22-23 accounts to be late. None.
There is if your auditor refuses to sign off your going concern basis and therefore insists you need to prepare the accounts on the break up basis.
Can you explain this like you're talking to a 5 year-old?
by Hound » 07 Oct 2024 17:10
by Who Moved The Goalposts? » 07 Oct 2024 17:32
Hound Well it’s obviously positive news with the massive caveat of seeing it all before. Waiting now for the ITks to let us know who it is
by Hendo » 07 Oct 2024 17:54
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