Dai Yongge Out

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Sutekh
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Re: Dai Yongge Out

by Sutekh » 05 May 2023 09:57

Millsy
tidus_mi2 Yeah, not sure what the Dai Outs are hoping to achieve, it would be great to have a SJM with deeper pockets but those are few and far between. Ultimately when I looked last night we have a debt of about £100m most of which is to the owner, if he wants to get out of the club there are two options:

Sell the club, good luck finding someone who wants to pay at least £100m for a League One side, he could write off some or all of the debt to just get rid
Go into administration and lose everything that is invested into the club.

So I don't think that happens, if he has truly learned from the mistakes of the past, listens to people like Bowen, then we might ultimately rebuild and bounce back stronger as a club but considering how long he gave Ince before dropping the axe, I'm still very skeptical.


That’s the problem, I agree. This isn’t a case of a couple of mistakes against a background of sane behaviour. Not just Ince but years of bullshit bizarre manager appointments, dodgy agents, zero interaction with fans. He’d have to basically transform into a completely different person.

It’s comforting to think that he may listen to Bowen but even if he does, with all respect to Bowen it’s far too much pressure to put on the shoulders of one man, who we are also just assuming is some sort of über genius.

Honestly the best case scenario is for him to piss off as soon as possible. Very long shot but the absolute best case scenario would be for him to cut his losses, and let someone come in who has an ounce of business sense.


While I would agree that a change in ownership would be good, just who on earth would be remotely interested in buying Reading in it’s current situation, bearing in mind the sort of people that have the billions and billions required to throw at a football club for pretty much zero return for long periods are presumably very shrewd with their money and investments. It’d be like that Monty Python sketch where the charity worker goes into Mr Banker and asks for a donation to be met with the argument “and what am I getting in return”.

At the moment we have to stick with what we know (and to be fair to him he has put the money into supporting and building the Academy) and hope that going forward the advice and recommendations he acts on will solely be that of people who understand the game in this country e.g. Mark Bowen.

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Chairman Mao
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Re: Dai Yongge Out

by Chairman Mao » 05 May 2023 12:21

Winston Biscuit How much debt we in? Can't be an attractive purchase for someone

About 200 million.
No ground.
No training ground.

Even if we won two promotions in two years we wouldn't be worth that to any buyer


So it's Dai or going out of business
(Short of Dai writing the debt off and gifting us the ground etc back :D )

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Re: Dai Yongge Out

by Snowflake Royal » 05 May 2023 12:43

Chairman Mao
Winston Biscuit How much debt we in? Can't be an attractive purchase for someone

About 200 million.
No ground.
No training ground.

Even if we won two promotions in two years we wouldn't be worth that to any buyer


So it's Dai or going out of business
(Short of Dai writing the debt off and gifting us the ground etc back :D )

Or he could sell the club at a loss, with the ground and training ground included, and get at least some of his money back, if not all. Rather than throwing more in, or getting nothing back.

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Re: Dai Yongge Out

by PATRIQT » 05 May 2023 12:46

Chairman Mao
Winston Biscuit How much debt we in? Can't be an attractive purchase for someone

About 200 million.


Since when? It was around £95m a few seasons ago. We've since sold the stadium.

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Re: Dai Yongge Out

by Snowflake Royal » 05 May 2023 13:09

PATRIQT
Chairman Mao
Winston Biscuit How much debt we in? Can't be an attractive purchase for someone

About 200 million.


Since when? It was around £95m a few seasons ago. We've since sold the stadium.

Sure it was well over 100 a year or so ago.

I mean we've had points deductions because we've smashed the permitted 3 year loss of £39m despite selling the ground, the old training ground and doing a dodgy loan for Aluko.


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Re: Dai Yongge Out

by Royal_jimmy » 16 Jun 2023 12:29

The Tilehurst end have #DaiOut as a hashtag now

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Re: Dai Yongge Out

by Royal_jimmy » 16 Jun 2023 13:33


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Re: Dai Yongge Out

by leon » 16 Jun 2023 13:42

Royal_jimmy https://www.youtube.com/watch?v=cxI-oGKUajo


"I want to grow up. No I'm already grown up"

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Re: Dai Yongge Out

by Sutekh » 16 Jun 2023 15:02

PATRIQT
Chairman Mao
Winston Biscuit How much debt we in? Can't be an attractive purchase for someone

About 200 million.


Since when? It was around £95m a few seasons ago. We've since sold the stadium.


But then anyone interested should want to buy the stadium back and that was sold for £25m wasn't it?

So what is a value of the club itself now? Is £50m about right for a L1 club that's never really achieved anything of note but has possibilities playing wise and a decent infrastructure? And what is Bearwood worth?

Then how does that compare to what Mr Dai is going to want for the club?


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Re: Dai Yongge Out

by windermereROYAL » 16 Jun 2023 15:54

The only way Dai can leave is if he finds a buyer with bottomless pockets, the alternative isn`t worth thinking about.

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Re: Dai Yongge Out

by DelBoyRodders » 16 Jun 2023 16:45

Dai Yongge is a cunt - and so is Pang.
Get them both out of the club!

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NathStPaul
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Re: Dai Yongge Out

by NathStPaul » 16 Jun 2023 16:46

Chill out, its only football.

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Re: Dai Yongge Out

by Royal_jimmy » 16 Jun 2023 17:30

If it's only football then why do you post on here?


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Re: Dai Yongge Out

by NathStPaul » 16 Jun 2023 17:34

Royal_jimmy If it's only football then why do you post on here?

I like football.

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Re: Dai Yongge Out

by WestYorksRoyal » 16 Jun 2023 20:56

windermereROYAL The only way Dai can leave is if he finds a buyer with bottomless pockets, the alternative isn`t worth thinking about.

People don't understand how debt and business works. He has issued subordinated debt, which comes bottom of the pile in terms of collecting it, after staff, 3rd parties etc.,

So if Dai gets offers beneath his asking price he has 2 options:

1) Accept what he can and cut his losses, or

2) Refuse and let the club go to the wall. Receive f*ck all from the liquidation process and be left with a training ground and stadium worth next to nothing given there is no team to use them.

There is only one logical decision.

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Re: Dai Yongge Out

by Green » 16 Jun 2023 21:08

WestYorksRoyal
windermereROYAL The only way Dai can leave is if he finds a buyer with bottomless pockets, the alternative isn`t worth thinking about.

People don't understand how debt and business works. He has issued subordinated debt, which comes bottom of the pile in terms of collecting it, after staff, 3rd parties etc.,

So if Dai gets offers beneath his asking price he has 2 options:

1) Accept what he can and cut his losses, or

2) Refuse and let the club go to the wall. Receive f*ck all from the liquidation process and be left with a training ground and stadium worth next to nothing given there is no team to use them.

There is only one logical decision.

Fold the club

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Re: Dai Yongge Out

by andrew1957 » 16 Jun 2023 21:26

Green
WestYorksRoyal
windermereROYAL The only way Dai can leave is if he finds a buyer with bottomless pockets, the alternative isn`t worth thinking about.

People don't understand how debt and business works. He has issued subordinated debt, which comes bottom of the pile in terms of collecting it, after staff, 3rd parties etc.,

So if Dai gets offers beneath his asking price he has 2 options:

1) Accept what he can and cut his losses, or

2) Refuse and let the club go to the wall. Receive f*ck all from the liquidation process and be left with a training ground and stadium worth next to nothing given there is no team to use them.

There is only one logical decision.

Fold the club


Judging by the owner’s past ownership decisions you might just get your wish. It would be a bit sad if the club ceases to exist.

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Re: Dai Yongge Out

by Royal_jimmy » 17 Jun 2023 00:30

Worst owner since Robert Maxwell

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From Despair To Where?
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Re: Dai Yongge Out

by From Despair To Where? » 17 Jun 2023 00:49

Worse than Zingarovich?

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Re: Dai Yongge Out

by Royal_jimmy » 17 Jun 2023 02:04

From Despair To Where? Worse than Zingarovich?


Not on intentions but yes. Mind you Zingarevich for 6 years could have been worse.

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