Confimred new owners of Raeding Footbal Club

[Royal Lady]

So £1.6m interest payment. That still leaves £14.4m PP to pay the £10.5m loan

But then you only have a couple of million left and still have to pay all the staff etc, so you'd need to borrow against the next couple of PPs and you're back to square one shirley?

[Reading4eva]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

[HoneyRoastHoax]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

[Uke]

Is there a chance we were mis-sold PPI?

[Mr ReadingFC]

Is there a chance we were mis-sold PPI?

+1

[Mr ReadingFC]

Is there a chance we were mis-sold PPI?

I think we can sell Pogrebnyak at Cash Converters

[Sutekh]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

Means nothing if the seller is over valuing the club.

[winchester_royal]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

Means nothing if the seller is over valuing the club.

They won't be overvaluing it for long

[Davezk]

Is there a chance we were mis-sold PPI?

We were mis-sold full stop.

[Nameless]

So £1.6m interest payment. That still leaves £14.4m PP to pay the £10.5m loan

But then you only have a couple of million left and still have to pay all the staff etc, so you'd need to borrow against the next couple of PPs and you're back to square one shirley?

Parachute payments are in addition to all your other income, not instead of it. We therefore have all the gate money, sponsorship, TV money, merchandise sales etc etc etc as we would any other season.

[SPARTA]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

Boris is mega rich... oh.

[Norfolk Royal]

TAKEOVER: BTG confirm club is in a 'stable financial position' and there is no risk of immediate fire-sale - via @charles_watts #ReadingFC

[blueroyals]

http://www.getreading.co.uk/incoming/no-risk-immediate-fire-sale-7239138?

So most of what CS said was BS - we're stable and SJM is still in control

[Pepe the Horseman]

lol

[bigmike]

http://www.getreading.co.uk/incoming/no-risk-immediate-fire-sale-7239138?

So most of what CS said was BS - we're stable and SJM is still in control

Begbies?????

[ZacNaloen]

Panic over eh

[Hoop Blah]

http://www.getreading.co.uk/incoming/no-risk-immediate-fire-sale-7239138?

So most of what CS said was BS - we're stable and SJM is still in control

I don't think what he was saying was BS (although I've not listened to it yet) but more that he was saying the sale of the club is being managed by BTG. Previously it was being managed by Samuelson wasn't it? So his removal from the board meant they had to bring someone else in to run that sale.

I don't think any of it is bullshit as such, it's just neither party are talking about exactly the same thing and so give a slightly different view of what's happened.

[ZacNaloen]

Someone more neutral perhaps

[Snowball]

Is there a chance we were mis-sold PPI?

I think we can sell Pogrebnyak at Cash Converters

or a toaster

[SCIAG]

He got that contract off the back of a season in the prem where he looked like he was about to finally kick on.

Then he didn't.

It's plausible, if there was prem interest.

Agreed. To be honest I was one expecting HRK to do EXTREMELY well this year, even Championship top-scorer 123

He did well in the Prem, and I really thought we needed him.

In fact, I'd go as far as saying that had he repeated just his Prem season form we'd've been much higher,
easily top six, and maybe would have got that extra kick of investment.

7 Prem goals in 1279 minutes = 181 minutes a goal

God knows what happened. Over-trained, long-term niggle, couldntgiveafukitis?

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

This is why you don't give someone information unless they know what to do with it.