Dai put in £90m+ into the club, but it was given in the form of a loan rather than just pumping in money. For simplicitity let's just say that Dai "borrowed" the money. The debt remains owed. Hence why the sale process was both protracted and complex. Both the ground and training complex ...

Dai put in £90m+ into the club, but it was given in the form of a loan rather than just pumping in money. For simplicitity let's just say that Dai "borrowed" the money. The debt remains owed. Hence why the sale process was both protracted and complex. Both the ground and training complex ...

Never giving a public interview............

Do we think Dai is actually able to sign any paperwork or is he in hiding/locked up/something worse? Assume he is the only one able to sign over the club or the escrow docs Dai isn't puliing the strings. Having been found guity of fraud. Locked up in some form or another. Realising the best value o...

Any Pheonix Club will have to start small.... I once worked out that a Sunday pub team is 12 promotions and sh*t loads of money and luck away from winning the Premier League. So, to begin with we need to form a team ourselves made up of fans. I actually think this is the ultimate challenge and achi...

Winding up petition issued against Reading FC by management agency, Skelland Brown. https://x.com/BebbingtonScott/status/1905289530459980241?t=LbdRGkXwOJEhof_5EmMF6w&s=19 https://x.com/thesimpsonRFC/status/1905293232440738232?t=44gV5eTCC5hRAZ7qaZvJrQ&s=19 A new winding up petition has been ...

The women's accounts were also published. The company was wound up, and there seems to be some sort of adjustment to do that. So I've wondered if thats part of the inter-company transfer on the men's accounts. That's the £8 million inter co provision in the RFC accounts. As the loan has been writte...

Hendo The accounts for the period ending 30th June 2023 have been filed, which feels like a positive step.

Still no sign of the 2023 accounts for the UK parent company - RENHE SPORTS MANAGEMENT CO LIMITED

The football club itself is little more than a shell.

Why should having a criminal conviction stop you being on a football club committee ? Likewise bankruptcy ? You’d probably not want someone who has been bankrupt as your treasurer but no reason why they can’t be a perfectly good match secretary… clubs already have to account to members for their fi...

The claim doesn’t block a sale, it can be resolved with a mere guarantee the potential award won’t vanish with our owner the minute the scumbag sells to someone else. And there is no impending sale being stalled by the claim. That was exposed as bloody fantasy. Coutig has charges over physical asse...

Couple of things clear with Dai His original intentions were clearly to spend a load of his cash to make us a prem team, and support the infrastructure re: Bearwood. Most fans certainly happy with that approach He clearly knows f all about actual football and why would he? So he should have stayed ...

Signing players just won’t be a problem. What quality we could get is a different question but if we announced open trials on July 2nd we’d have huge numbers turn up. Do the EFL require any kind of tangible proof of funding for an existing member ? Would be interesting to know what the actual leagu...

Perhaps structurally they could integrate more of the off-field stuff into the match broadcast rather than cover it in the preamble before KO Maybe they could get an interview with someone involved in football takeovers or a football finance expert who can asses the Reading situation and give some ...

Honestly do we have any real idea what’s going on with him? Just makes no sense to me, can certainly speculate but none of it makes sense really He has been found guilty of committing fraud. Won't be leaving China anytime soon. Outside the affairs of Reading FC. There's most likely a complex invest...

Agree This season is purely about survival. Thanks to Selles and his brilliant team (now gone), we have some decent points on the board….we’ll be fine Chill People speak about Selles but I reckon it is the loss of the rest of his backroom team that is just as impactful as I doubt we have anyone of ...

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest? I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtainin...

I've largely dismissed the conspiracy theories as rubbish, but sometimes the truth is stranger than fiction. We have an AWOL owner with reputable reports that his business in China is collapsing. Maybe there are other vested interests calling the shots. The business empire in China has officially c...

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest? I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtainin...

West Stand Man
What if the mystery Chinese business man/spy is our Mr Dai? His flat is next door to Buck House, he hasn't been seen in this country for quite some time .....

No great surprise as he was found guilty of personally committing fraud in a Chinese court in December 2023.

I wonder how much Selles leaving affects things. From a footballing point of view, we're more attractive with a coach and team competing at the top of the division. But from a business perspective, football clubs are loss making and it's hard to change that. I'd guess 95% of our value is Bearwood a...