Anyone For Chinese?

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El Diablo
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Re: Anyone For Chinese?

by El Diablo » 19 Apr 2017 11:12

One87One Another Chinese takeover has just fallen through because the Chinese can't get their money out of China to purchase football clubs any more. We're used of being kept in he dark, but that should affect us too!



Do you know where our proposed new owners Bank their cash?

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bobby1413
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Re: Anyone For Chinese?

by bobby1413 » 19 Apr 2017 12:37

El Diablo
One87One Another Chinese takeover has just fallen through because the Chinese can't get their money out of China to purchase football clubs any more. We're used of being kept in he dark, but that should affect us too!



Do you know where our proposed new owners Bank their cash?


HSBC on Broad Street

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One87One
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Re: Anyone For Chinese?

by One87One » 19 Apr 2017 14:19

El Diablo
One87One Another Chinese takeover has just fallen through because the Chinese can't get their money out of China to purchase football clubs any more. We're used of being kept in he dark, but that should affect us too!



Do you know where our proposed new owners Bank their cash?


Brother and Sister, yes. If there are other parties involved, no.

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RoyalBlue
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Re: Anyone For Chinese?

by RoyalBlue » 19 Apr 2017 21:54

Scutterbucketz
mumbo-jumbo http://www.bbc.co.uk/sport/football/39554486

Don't take this the wrong way, love her dearly BUT
Has she had a face lift? Trout pout?


Has she had a facelift? LOL!

Either that or she's been stung by a million bees. She can take her song and fukk off! She's got exactly what she wanted and she's getting out whilst the goings good..


With them keeping the hotel and the land around the stadium, it certainly looks that way. Another set of supposedly 'good and honourable people' who have turned us over. It appears that JM jumped from the frying pan straight into the fire when he took the club back from the Russians and flogged it to the Thais. At least the Russians didn't walk off with the only thing of real value i.e. the land.

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royalp-we
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Re: Anyone For Chinese?

by royalp-we » 19 Apr 2017 22:16

RoyalBlue
Scutterbucketz
mumbo-jumbo http://www.bbc.co.uk/sport/football/39554486

Don't take this the wrong way, love her dearly BUT
Has she had a face lift? Trout pout?


Has she had a facelift? LOL!

Either that or she's been stung by a million bees. She can take her song and fukk off! She's got exactly what she wanted and she's getting out whilst the goings good..


With them keeping the hotel and the land around the stadium, it certainly looks that way. Another set of supposedly 'good and honourable people' who have turned us over. It appears that JM jumped from the frying pan straight into the fire when he took the club back from the Russians and flogged it to the Thais. At least the Russians didn't walk off with the only thing of real value i.e. the land.


They could still be 'good and honourable people' - lest we forget REP is being led by our very own Nigel Howe.


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royalp-we
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Re: Anyone For Chinese?

by royalp-we » 19 Apr 2017 22:26

I actually buy in to the requirement of redeveloping the land; it could be another 20yrs before anyone wants to spend £500m to develop it and - it's needed. Call me naive but I can understand why they would seek other investors with deeper pockets for the football side of things; and anyone in their right mind would want to develop the wasteland given the funding & opportunity to do so.

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From Despair To Where?
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Re: Anyone For Chinese?

by From Despair To Where? » 20 Apr 2017 09:48

The land thing really doesn't bother me. We were selling players to pay the tax man before they turned up. They will still hold a 25% stake and on balance, I reckon we'd be in a much worse place without them.

I think they've been relatively open about their aims and have generally been good for the club. Are they really worse than Samuelson and his carpetbagging buddies or an Israeli online casino baron?

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Re: Anyone For Chinese?

by Hound » 20 Apr 2017 10:09

to be honest, with all the development over that part of Reading, would have thought at some stage the land would be sold

The thais have at least kept us going with some investment, and pulled out a rabbit by choosing Jaap as boss, and Tevreden as director or whatever he is. That in itself has probably earned the club 20 million plus in terms of player worth - I reckon thats the profit we could earn on Moore, Swift and Kelly, if not a little bit more.

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maffff
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Re: Anyone For Chinese?

by maffff » 20 Apr 2017 10:11

From Despair To Where? The land thing really doesn't bother me. We were selling players to pay the tax man before they turned up. They will still hold a 25% stake and on balance, I reckon we'd be in a much worse place without them.

I think they've been relatively open about their aims and have generally been good for the club. Are they really worse than Samuelson and his carpetbagging buddies or an Israeli online casino baron?


We hold a 25% stake, but this is currently collateral against the Chinese loan.

I don't mind the fact the Thai's have the land - they paid for it 10x over with that song alone.


El Diablo
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Re: Anyone For Chinese?

by El Diablo » 20 Apr 2017 10:19

One87One
El Diablo
One87One Another Chinese takeover has just fallen through because the Chinese can't get their money out of China to purchase football clubs any more. We're used of being kept in he dark, but that should affect us too!



Do you know where our proposed new owners Bank their cash?


Brother and Sister, yes. If there are other parties involved, no.



is that the same place as the £10m they managed to 'lend' the Club?

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Winston Smith
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Re: Anyone For Chinese?

by Winston Smith » 20 Apr 2017 10:27

I am reserving judgement on the soon to be Chinese owners until I hear what pop song they make for us

glass half full
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Re: Anyone For Chinese?

by glass half full » 20 Apr 2017 10:29

bobby1413
El Diablo
One87One Another Chinese takeover has just fallen through because the Chinese can't get their money out of China to purchase football clubs any more. We're used of being kept in he dark, but that should affect us too!



Do you know where our proposed new owners Bank their cash?


HSBC on Broad Street


Definitely not HSBC School Road, Tilehurst.

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Re: Anyone For Chinese?

by Nameless » 20 Apr 2017 12:13

maffff
From Despair To Where? The land thing really doesn't bother me. We were selling players to pay the tax man before they turned up. They will still hold a 25% stake and on balance, I reckon we'd be in a much worse place without them.

I think they've been relatively open about their aims and have generally been good for the club. Are they really worse than Samuelson and his carpetbagging buddies or an Israeli online casino baron?


We hold a 25% stake, but this is currently collateral against the Chinese loan.

I don't mind the fact the Thai's have the land - they paid for it 10x over with that song alone.


We don't hold any stake.
The Thai's own it 100%, just under different names.
it is impossible to guess how the REP finances will work out. The Thai's could easily load debt onto the club to pay for it and take all the profits out. They could equally write off all the debt in the club against the profits of REP leaving us in a very healthy situation and possibly them avoiding a large tax bill.
I suspect it will be somewhere in the middle, but I tend to agree with the view that the Thai's have been pretty clear on what they are doing and have been pretty positive in terms of what they have done for the club. However they are business people, not fairy god mothers and we should not be surprised if they act as such.
The list of alternative options with a better outlook is small, very few clubs have woners who will plough in millions and expect nothing in return.


Tommy Youlden's Ears
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Re: Anyone For Chinese?

by Tommy Youlden's Ears » 21 Apr 2017 10:04

Piece on ft.com about the deal today. All sounds rather peculiar, to say the least.

https://www.ft.com/content/681342ec-251 ... f7e0cd0a16

Also. Bloke who wants to buy Hull been arrested in HK.

https://www.ft.com/content/319e8038-264 ... 858663b23f

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72 bus
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Re: Anyone For Chinese?

by 72 bus » 21 Apr 2017 10:08

[quote="Tommy Youlden's Ears"]Piece on ft.com about the deal today. All sounds rather peculiar, to say the least.

https://www.ft.com/content/681342ec-251 ... f7e0cd0a16

Until it's in the Daily Mail I won't believe any of it.

Tommy Youlden's Ears
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Re: Anyone For Chinese?

by Tommy Youlden's Ears » 21 Apr 2017 10:10

As a saboteur, I'm not allowed to read the Daily Mail

UpThePrem
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Re: Anyone For Chinese?

by UpThePrem » 21 Apr 2017 10:14

Tommy Youlden's Ears Piece on ft.com about the deal today. All sounds rather peculiar, to say the least.

https://www.ft.com/content/681342ec-251 ... f7e0cd0a16

Also. Bloke who wants to buy Hull been arrested in HK.

https://www.ft.com/content/319e8038-264 ... 858663b23f


Any chance you can C&P. I ain't subscribing!!

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North Somerset Royal
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Re: Anyone For Chinese?

by North Somerset Royal » 21 Apr 2017 10:19

UpThePrem
Tommy Youlden's Ears Piece on ft.com about the deal today. All sounds rather peculiar, to say the least.

https://www.ft.com/content/681342ec-251 ... f7e0cd0a16

Also. Bloke who wants to buy Hull been arrested in HK.

https://www.ft.com/content/319e8038-264 ... 858663b23f


Any chance you can C&P. I ain't subscribing!!

Try this link. Works for me
https://www.ft.com/content/681342ec-251 ... f7e0cd0a16

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North Somerset Royal
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Re: Anyone For Chinese?

by North Somerset Royal » 21 Apr 2017 10:30

Here is the article. Doesnt say much we didn't already know tbf.
Red flags were raised over Reading FC’s Chinese suitors Premier League probed Dai family’s finances during bid for Hull City. Reading are third in the Championship, with strong hopes of securing promotion to play in the Premier League next season The prominent Chinese businesspeople behind a proposed takeover of Reading Football Club were previously subject to a Premier League investigation that raised “red flags” over their commercial background. Earlier this month the English Football League, the governing body for the country’s lower professional divisions, provisionally cleared the acquisition of Reading by Dai Yongge and sister Hawken Xiu Li. Chinese companies have invested in or acquired more than a dozen European football clubs during the past year, including Manchester City, Inter Milan and Aston Villa — a spending spree that followed President Xi Jinping’s call to transform the country into a football superpower. The Dai family were also behind a recent bid for Premier League club Hull City. At the time, Mr Dai was quoted in the Daily Mail newspaper saying: “We have a love for the game and we want to learn about European football.” Their most high-profile investment is based on transforming unused air-raid shelters in China into shopping malls. The family’s main listed vehicle, Renhe Commercial Holdings, has a record of financial difficulties and related-party transactions that last year led rating agency Standard & Poor’s to describe its corporate governance as “weak”. Before the takeover of any club in England’s top tier, the Premier League undertakes an extensive review into a proposed owner’s finances before approving any transaction. According to people briefed on the deliberations over Hull City, Premier League investigators found a series of “red flags” related to the Dai family’s proposed takeover via a consortium. In particular, there were concerns that the acquisition involved offshore companies that made it difficult for the Premier League to understand the family’s sources of funding, or whether they had sufficient income to maintain a large football club. Hull City and the Dai family abandoned the deal before the investigation was completed. But the findings have been shared with the EFL after the Dais sought to acquire Reading, according to people close to the process. The family has satisfied the EFL that it is structuring its Reading deal in a different manner to the Hull City proposal, according to one person close to the club. This has allowed the EFL to announce last week that it has provisionally approved the takeover “subject to the agreement of a number of specific conditions” that have not been made public. The structure of the deal has not been shared with the Premier League, according to people with knowledge of the deliberations. Reading, the Premier League and the EFL declined to comment. Renhe did not respond to requests for comment. Attempts to reach the Dais through representatives and at a London address were unsuccessful. Reading lie third in the Championship, with strong hopes of securing promotion to play in the Premier League next season, which would secure the club a windfall of at least £100m in broadcasting rights. However, the club could be denied entry into the top division if the Premier League decides the new owners have not been fully transparent about their financial arrangements. The well-connected Dais listed Renhe in Hong Kong in 2008. Mr Dai is the chairman and controlling shareholder, while his son Dai Bin is an executive director and his wife and sister, Ms Hawken, are non-executive directors. Other board members include Wang Shengli, a retired veteran military officer and former air defence official. The Dais had to win approval from the military to turn disused bomb shelters into shopping malls, on the condition that they be vacated if war ever broke out, according to filings with the Hong Kong stock exchange. After a building spree left China with far too much retail space, Renhe’s finances were squeezed. In late 2015, it breached the covenants on a $300m syndicated loan, according to statements to the stock exchange. Related article Hull City FC bidder arrested in Hong Kong David Yip Chung Wai of GreaterChina Professional Services detained It put its malls up for sale but was unable to find a buyer, partly because it did not have full formal rights to transfer the real estate, which is ultimately under military control. Mr Dai stepped into the breach, buying the 23 completed and 11 under-construction malls for $1bn from his own company, in a deal approved by minority shareholders. Renhe’s only business now is operating eight agricultural wholesale markets, which were bought from a company controlled by the family in 2015 and are located on land leased from the family. S&P last year described the company’s financial policy as “negative” and its management and governance as “weak”. It warned that “Renhe would have difficulty borrowing from banks, or at the least face strict terms and conditions”. David Hinchliffe, a lawyer for Walker Morris in Leeds who has advised on many football club acquisitions, said, “it is important that these people get a fair press”. A UK company incorporated in November by the Dais — Renhe Sports Management — lists its registered office as being at the same address as Mr Hinchliffe’s law firm. But he declined to say whether or not the Dais are or had been clients, citing confidentiality requirements.

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NewCorkSeth
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Re: Anyone For Chinese?

by NewCorkSeth » 21 Apr 2017 10:56

His wife and sister?? :shock:

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