CONFRIMATION of the CONFIMRED

[Snowflake Royal]

I'll be honest, even though I would welcome it greatly, I really don't like the idea of Couhig becoming owner. While nothing concrete was said, it did seem the decision to basically abandon the women's team was his and I am under the impression he would greatly reduce funding to the youth set up, which has been one of the few high points of our current situation and I dare not to think where we would be right now without it.

Ultimately, Couhig is better than where we are right now but I would prefer another owner who will fund both the youth set up and the women's team.

I just can't see how we can possibly do that where we are now. We have a Premier League Youth set up in League One. It's madness to think we can keep it going at the same level where we are.

We have to cut our cloth to get back into a good state. It's like Madjeski always said.

It would be nice to have an owner with a realistic understanding of sustainability and affordability

That is true and I have said before I'd understand making cutbacks, downgrading to Cat 2/Cat 3, not sure of the costs involved so can't say for sure how far we should go.

Just feel like Couhig would reduce it more than that.

Oh, scrapping it entirely could do one

[WestYorksRoyal]

I'd be interested to hear what it is Dai thinks he can (counter) sue Couhig over

Trying to argue he blocked a sale with the court case and liens?

[Mr Angry]

Ride a cow until you find a horse; today, basically ANYONE is better than Dai, as literally no-one could be a worse owner.

[Snowflake Royal]

Couhig has so much bad character evidence to support his suit it's crazy

[rabidbee]

FWIW, I don't think Couhig's claim is ridiculous. He got very close to sealing the deal, things slowed down and then discovered that the sellers were trying to sell to other people i.e. a breach of the exclusivity period they negotiated.

I find it really hard to see how he lost on out on the astronomical sum he's after. As owning Reading FC involves a loss during every single month of ownership, that he missed on out £10 million or whatever seems pretty far fetched.

Presumably because money tied up in the potential sale couldn't be invested elsewhere. Whether or not the sum claimed for damages is realistic would presumably be something for a court to decide. I assume you start on the high side in the expectation of the figure being negotiated down.

[Greatwesternline]

FWIW, I don't think Couhig's claim is ridiculous. He got very close to sealing the deal, things slowed down and then discovered that the sellers were trying to sell to other people i.e. a breach of the exclusivity period they negotiated.

I find it really hard to see how he lost on out on the astronomical sum he's after. As owning Reading FC involves a loss during every single month of ownership, that he missed on out £10 million or whatever seems pretty far fetched.

Presumably because money tied up in the potential sale couldn't be invested elsewhere. Whether or not the sum claimed for damages is realistic would presumably be something for a court to decide. I assume you start on the high side in the expectation of the figure being negotiated down.

You can only seek consequential losses. You can't seek speculative ones. So only direct costs as a result of what you did.

The extreme example in accounting college is, you can't sue a supermarket for not winning the lottery if they weren't able to sell you a lottery ticket because the lottery terminal wasn't working.

So Couhig will only be able to claim the loss of costs incurred, not opportunities foregone.

[rabidbee]

Guess it's his bar tab at the Purple Turtle then.

[Snowflake Royal]

I suspect it's not as cut and dried as GWL says, after all you quite often seen quite barmy amounts reported as claimed in suits. I'm sure it's the intent, but that isn't going to necessarily stop people trying for more, and running up costs of proving things arent consequential loss.

[Royalwaster]

Also all these nonsense suits are not helping us get the club sold ... what a bloody mess.

[Sutekh]

Ffs, just sell to Couhig and go away.

[Forbury Lion]

You can only seek consequential losses. You can't seek speculative ones. So only direct costs as a result of what you did.

The extreme example in accounting college is, you can't sue a supermarket for not winning the lottery if they weren't able to sell you a lottery ticket because the lottery terminal wasn't working.

So Couhig will only be able to claim the loss of costs incurred, not opportunities foregone.

The counter argument is that a football club is a loss making operation, arguably then by not investing Couhig is better off financially.

What would be interesting is if Coughig somehow has to prove he's at a financial loss because of this, because that may mean revealing how he was going to turn things around financially and make more/lose less money from buying Reading FC that he has by not buying it.

[Greatwesternline]

You can only seek consequential losses. You can't seek speculative ones. So only direct costs as a result of what you did.

The extreme example in accounting college is, you can't sue a supermarket for not winning the lottery if they weren't able to sell you a lottery ticket because the lottery terminal wasn't working.

So Couhig will only be able to claim the loss of costs incurred, not opportunities foregone.

The counter argument is that a football club is a loss making operation, arguably then by not investing Couhig is better off financially.

What would be interesting is if Coughig somehow has to prove he's at a financial loss because of this, because that may mean revealing how he was going to turn things around financially and make more/lose less money from buying Reading FC that he has by not buying it.

I think his legal claim is complete bonkers. He's rightly entitled to recover legal costs if Renhe breached some sort of contractual obligation, but everything else?

Get da fuk outta here!

[blythspartan]

I feel I am at the stage where it’s more likely I’ll be supporting a Phoenix club in 1 or 2 years time. I hope that’s not the case, but it’s difficult to see this ending well.

[Crusader Royal]

You can only seek consequential losses. You can't seek speculative ones. So only direct costs as a result of what you did.

The extreme example in accounting college is, you can't sue a supermarket for not winning the lottery if they weren't able to sell you a lottery ticket because the lottery terminal wasn't working.

So Couhig will only be able to claim the loss of costs incurred, not opportunities foregone.

The counter argument is that a football club is a loss making operation, arguably then by not investing Couhig is better off financially.

What would be interesting is if Coughig somehow has to prove he's at a financial loss because of this, because that may mean revealing how he was going to turn things around financially and make more/lose less money from buying Reading FC that he has by not buying it.

You aren’t going to be asked in a court of law to stand up and prove a hypothetical, it’s simply impossible ! I guess he could argue that he was illegally deprived of the opportunity to make money and he has assessed how much money COULD be made from a promotion but proving a business plan is not going to be part of it. A court could agree or disagree with his assessment.

[Crusader Royal]

I feel I am at the stage where it’s more likely I’ll be supporting a Phoenix club in 1 or 2 years time. I hope that’s not the case, but it’s difficult to see this ending well.

Are there any actual plans for a phoenix club ? Has someone enquired about booking a pitch at Prospect Park and getting a place in Div 7 of the Reading &District league (or whatever the remainder of the once extensive local football system is now called)

[Brogue]

I feel I am at the stage where it’s more likely I’ll be supporting a Phoenix club in 1 or 2 years time. I hope that’s not the case, but it’s difficult to see this ending well.

Are there any actual plans for a phoenix club ? Has someone enquired about booking a pitch at Prospect Park and getting a place in Div 7 of the Reading &District league (or whatever the remainder of the once extensive local football system is now called)

have you?

[Snowflake Royal]

I feel I am at the stage where it’s more likely I’ll be supporting a Phoenix club in 1 or 2 years time. I hope that’s not the case, but it’s difficult to see this ending well.

Are there any actual plans for a phoenix club ? Has someone enquired about booking a pitch at Prospect Park and getting a place in Div 7 of the Reading &District league (or whatever the remainder of the once extensive local football system is now called)

I'm sure there will be and STAR will be involved when it becomes clear the club is done

[Snowflake Royal]

You can only seek consequential losses. You can't seek speculative ones. So only direct costs as a result of what you did.

The extreme example in accounting college is, you can't sue a supermarket for not winning the lottery if they weren't able to sell you a lottery ticket because the lottery terminal wasn't working.

So Couhig will only be able to claim the loss of costs incurred, not opportunities foregone.

The counter argument is that a football club is a loss making operation, arguably then by not investing Couhig is better off financially.

What would be interesting is if Coughig somehow has to prove he's at a financial loss because of this, because that may mean revealing how he was going to turn things around financially and make more/lose less money from buying Reading FC that he has by not buying it.

You aren’t going to be asked in a court of law to stand up and prove a hypothetical, it’s simply impossible ! I guess he could argue that he was illegally deprived of the opportunity to make money and he has assessed how much money COULD be made from a promotion but proving a business plan is not going to be part of it. A court could agree or disagree with his assessment.

It's blatantly a pressure play to:
a) settle by selling the club as per the agreement, or
b) settle for a smaller sum out of court

[Mid Sussex Royal]

Tax paid yesterday - by whom Noel doesn't know

[stealthpapes]

I feel I am at the stage where it’s more likely I’ll be supporting a Phoenix club in 1 or 2 years time. I hope that’s not the case, but it’s difficult to see this ending well.

Are there any actual plans for a phoenix club ? Has someone enquired about booking a pitch at Prospect Park and getting a place in Div 7 of the Reading &District league (or whatever the remainder of the once extensive local football system is now called)

Combined Counties League seems most likely.