by 10539.4 Miles Away »
03 Jul 2014 17:26
Been debating whether or not to post this in an open forum for some time, a few people on here know my IRL and know I have absolutely nothing to gain by making stories up and I have never claimed to be ITK, I live on the other side of the world but am Reading born and bred, have been a Reading supporter for a long time and on here in various guises for far longer than I care to admit.
I have heard (from what I believe to be) a very reliable source that the US offer is for £40 million. It is enough to pay the debts, invest in the team and buy the hotel but it has been blocked by JM over his rent free period
The US offer gives JM 1 year rent free and to be president. JM is holding out for 5 years of free living in the penthouse!
The offer is committed to getting us back to the Premier League and investing in team and building a £20M academy.
As I say, I have absolutely no reason to make things up, I personally believe this is the best deal for the club and whilst I (and I am sure all Reading fans) will be grateful to JM for what he has done I think its crazy that these conditions have blocked what would be a great deal for the club. I sincerely hope that JM sees the light.