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by Lower West
15 Mar 2024 13:51
Forum: The Team
Topic: Wycombe will be culpable.
Replies: 80
Views: 9417

Re: Wycombe will be culpable.

We’ve waited months and months for any news of a sale of the club nothing has happened and clearly that’s what dai wants sellling bearwood will put off anyone interested or at best set back the sale back so it’s pretty clear where we are headed The club is rapidly heading towards a financial cliff ...
by Lower West
15 Mar 2024 13:47
Forum: The Team
Topic: Wycombe will be culpable.
Replies: 80
Views: 9417

Re: Wycombe will be culpable.

I always thought we'd be too big to go under but I'm now starting to think we have too much baggage and no prospective owner wants to take that on with the sale of the training ground making us even more unattractive. No business is ever too big to go under. The football club that Sir John built br...
by Lower West
15 Mar 2024 08:48
Forum: The Team
Topic: Sign this to stop Dai Yongge selling Bearwood to Wycombe
Replies: 29
Views: 1395

Re: Sign this to stop Dai Yongge selling Bearwood to Wycombe

WestYorksRoyal I didn't realise yesterday morning that Dai has transferred Bearwood to another of his companies, so the proceeds are not going to the club.


Where has Bearwood been transferred to?
by Lower West
15 Mar 2024 00:49
Forum: The Team
Topic: Could Reading Fans buy Bearwood?
Replies: 24
Views: 2390

Re: Could Reading Fans buy Bearwood?

Presumably now this sale has effectively saved the club by giving time to complete the overall sale of the club and banishes the fear of not existing in the summer? It depends on whether the money is going to the club, or to Dai. If it's Dai then it's probably game over. Or somewhere else, at least...
by Lower West
15 Mar 2024 00:31
Forum: The Team
Topic: #SellBeforeWeDai (to someone fit and proper)“ supporters action group
Replies: 2660
Views: 1812908

Re: #SellBeforeWeDai (to someone fit and proper)“ supporters action group

Speaking to someone at the club today and there is real fear now. Even the most senior figures don't understand what Dai and Pang are doing and they can't rule out 'shenanigans'. I know that every course of action seems futile at the moment - but the only thing that has a chance of working is putti...
by Lower West
13 Mar 2024 23:56
Forum: The Team
Topic: Could Reading Fans buy Bearwood?
Replies: 24
Views: 2390

Re: Could Reading Fans buy Bearwood?

In the June 2022 accounts Bearwood was valued at over £40 million. Cheaper to buy the stadium. :roll:

Interestingly the mortage owed of £25/£26 million was fully paid off in November 2023. Someone must have found some money down the back of the sofa !
by Lower West
13 Mar 2024 00:47
Forum: The Team
Topic: If a buyer isn’t going to happen, would you rather?
Replies: 60
Views: 3026

Re: If a buyer isn’t going to happen, would you rather?

There has to be enough debt owed to people other than Dai for that to be an option. And most of the debt is owed to Dai. There's no way of knowing how Dai funded the venture. Dai's business affairs outside of China all lead back to the non disclosure world of the Cayman Islands. Bearwood was built ...
by Lower West
12 Mar 2024 22:29
Forum: The Team
Topic: If a buyer isn’t going to happen, would you rather?
Replies: 60
Views: 3026

Re: If a buyer isn’t going to happen, would you rather?

Dai plainly does not have the money to fund the club on an going basis. That leaves another option. 3. The club goes into administration. Dai loses control over events. Relegation to L2. New buyers steps in and fund the rebuild of the club. (Bearwood gets sold as part of the adminstration process)....
by Lower West
12 Mar 2024 01:26
Forum: The Team
Topic: If a buyer isn’t going to happen, would you rather?
Replies: 60
Views: 3026

Re: If a buyer isn’t going to happen, would you rather?

Dai plainly does not have the money to fund the club on an going basis. That leaves another option. 3. The club goes into administration. Dai loses control over events. Relegation to L2. New buyers steps in and fund the rebuild of the club. (Bearwood gets sold as part of the adminstration process). ...
by Lower West
12 Mar 2024 01:17
Forum: The Team
Topic: TAKEOVER *NOT* CONFIMRED
Replies: 3108
Views: 1340374

Re: TAKEOVER *NOT* CONFIMRED

I agree but why doesn’t he not just sell up and forget about reading fc forever why just hold on to it putting some good money after bad for nothing? Think that’s the main problem in all of this. No one really knows what his intentions are and why he’s behaving as he is. It’s impossible to be optim...
by Lower West
12 Mar 2024 01:11
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

I don't think that's right. If that was the case he could have just liquidated on a whim ages ago. I do think that he doesn't really care any more, and just wants to offload in the way that will maximise the money he can claw back. Well then we should have accepted the viable offers on the table in...
by Lower West
12 Mar 2024 01:07
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

What usual payments would there be that wouldn’t be paid, other than money from Dai? Ticket sales aren't going to be a lot different. Transfer fee installments aren't going to unexpectedly fluctuate as Uke says. TV money? I've no idea, but Earnshaw has spoken to several people at the club...I'm gue...
by Lower West
06 Mar 2024 19:09
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

In terms of points deduction, it won't make any difference to whether the players agree to a wage deferral or not. It's going to be hard to get anyone to invest in the club whilst Dai appears to be acting in bad faith. Any idea how much Howe has involved Dai? Any risk we get a repeat of Genevra whe...
by Lower West
06 Mar 2024 00:50
Forum: The Team
Topic: Sporting Integrity
Replies: 17
Views: 1185

Re: Sporting Integrity

There's also 13.8% employers national insurance on top of the gross pay figures. On a £5 million payroll. That's £690k on top.
by Lower West
06 Mar 2024 00:26
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

Sir John can`t be short of a bob or two, he has the club at heart, maybe he can chip in with a loan until the end of the season. #clutchingatstraws. Be better coming in as part of the new consortium later. At the moment the club is unfortunately still sliding backwards. (Not referring to onfield re...
by Lower West
06 Mar 2024 00:23
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

It doesn't change much really, we are reliant on Dai deciding it is in his best interest to fund the club for the last 2 months of the season. If he doesn't do so, then we will get a bare minimum 2pt deduction, if not more. The Commission knew this when they handed down the verdict, hence no point ...
by Lower West
29 Feb 2024 20:10
Forum: The Team
Topic: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge
Replies: 2534
Views: 2087230

Re: Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

I guess the key question now is how much money, if any, is left from the player sales and whether Dai is still providing any funds. Crunch time comes when the matchday revenue dries up. All that's coming in is next season advance season ticket sales. Even then 20% is paid over to the HMRC. Treading...
by Lower West
28 Feb 2024 13:20
Forum: The Team
Topic: TAKEOVER *NOT* CONFIMRED
Replies: 3108
Views: 1340374

Re: TAKEOVER *NOT* CONFIMRED

No prospective buyer would give the loan without assurances that a deal will happen, as they know the club can't afford to repay it. But that is the point of it being secured, say against the Academy facility or Bearwood. If they don't repay you get your money back that way. Bearwood was financed w...
by Lower West
27 Feb 2024 23:45
Forum: The Team
Topic: #SellBeforeWeDai (to someone fit and proper)“ supporters action group
Replies: 2660
Views: 1812908

Re: #SellBeforeWeDai (to someone fit and proper)“ supporters action group

I sometimes think SBWD need to consider the bigger picture and why these punishments are levied. Yep. I could do an annotation of what is wrong with that SBWD statement. Most paragraphs to be honest. Para 1 - You need sporting sanctions to stop clubs from breaching financial fair play. As can be se...
by Lower West
16 Feb 2024 23:54
Forum: The Team
Topic: TAKEOVER *NOT* CONFIMRED
Replies: 3108
Views: 1340374

Re: TAKEOVER *NOT* CONFIMRED

The £60 million is to buy a 87.8% in the club, Not a pure takeover. As the current owner retains a diluted stake. Only the annual accounts will reveal the extent to which money that he has already lent the club will be written off. Another individual who has sunk some £200 million of cash into a fan...
It is currently 29 Mar 2024 14:53