Potential New Owners

[Hound]

Yea fair play that certainly suggests it’s a fake pic. Good work from the Twitter guy

[Hound]

Andrew Peach asks Sunak if he would like to buy the club. Think I actually prefer the Chinese fella to that.

Probably stick an oil well on it

[J1A7Y]

If you zoom in on his ankles and arms, it looks like a potatoshop. That or he has some aura!

[Sutekh]

https://twitter.com/rich_energy/status/1707060482274644183



We could be about to test the "Surely they can't be worse than Dai" theory.

Quick, someone photoshop the guitar and headgear in



Interestingly the member of ZZ who doesn't sport a beard is called Frank Beard.

[WestYorksRoyal]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

[YorkshireRoyal99]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

What did he pay for the stadium back in 2016/17, was it about £26m or so? I can imagine the training ground (with depreciation) is still worth a fair bob or two as well, I wouldn't be terribly surprised if the valuation of both of those assets came to £60m+.

[Hound]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

Yep a good if depressing read

Did say a number of pages back that I thought he’d ask about 70m for it, hence why no one has bought it

No one will pay anywhere near that obvs and that’s why we’re stuck

Lots of interesting info in there, not sure if it’s all 100% accurate but they seem sure of a few things

SCL did help pay the wages last month
Wage bill around 700k per year
Savage sell on is 50%
A lot of the players last year were pretty ‘toxic’

It does also quite Olise price at £6m though which does make me a little bit suspicious of the other info

[blythspartan]

I can’t help but think that the article in the Athletic is just a rehash of what we already knew. It’s good to keep the club’s plight in the spotlight though. The fella from the Telegraph said we are in advanced talks with one party and he’s been reliable with his news in the past.

[Stranded]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

Thought it read more he valued the club at 70 to 80m but the club would also need to own the stadium, so a separate transaction.

Either way idiocy - if he gets half that he should be happy.

[Stranded]

I can’t help but think that the article in the Athletic is just a rehash of what we already knew. It’s good to keep the club’s plight in the spotlight though. The fella from the Telegraph said we are in advanced talks with one party and he’s been reliable with his news in the past.

These articles aren't for us, of course we are going to know the bulk of it, they are for people who may have an interest in football but not know, or previously care, about our plight.

Were still a few new bits in there though.

[WestYorksRoyal]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

Thought it read more he valued the club at 70 to 80m but the club would also need to own the stadium, so a separate transaction.

Either way idiocy - if he gets half that he should be happy.

I wonder what the tangible assets are worth in isolation. Bearwood is a desirable piece of land you could sell to a housing developer. The stadium is a cash generating asset if there is a team to play there (worth very little if not, but could still be a gig venue, events etc.). It could be that these are worth £25m on their own before you consider the value of the footballing operations, players etc. But £50m - £60m sounds more realistic. And also all my figures are pure guesswork.

John Percy reported one party in advanced negotiations, so perhaps Dai's expectations are not obscene. Or perhaps they're undertaking negotiations with barely any involvement from Dai.

[Wycombe Royal]

Athletic article pretty bleak on this today. Dai values the club at over £70m including stadium (dream on Dai), and he's pretty much AWOL and only reachable through Kia Joorabchian. There is no obvious end in sight.

Thought it read more he valued the club at 70 to 80m but the club would also need to own the stadium, so a separate transaction.

Either way idiocy - if he gets half that he should be happy.

I wonder what the tangible assets are worth in isolation. Bearwood is a desirable piece of land you could sell to a housing developer. The stadium is a cash generating asset if there is a team to play there (worth very little if not, but could still be a gig venue, events etc.). It could be that these are worth £25m on their own before you consider the value of the footballing operations, players etc. But £50m - £60m sounds more realistic. And also all my figures are pure guesswork.

John Percy reported one party in advanced negotiations, so perhaps Dai's expectations are not obscene. Or perhaps they're undertaking negotiations with barely any involvement from Dai.

There is zero chance that the Bearwood land could be sold to a housing developer. It would never get permission for houses to be built there. It could be converted back to a golf course and for some other leisure purpose, but it won't get built on.

However this all comes back to my point that the EFL/PL/FA/Independent Regulator needs the power to take clubs out of rogue ownership and arrange a sale for a fair market price. If this power was in place it would also make these types of people think twice before getting involved in the first place.

[Jagermesiter1871]

Madejski on talksport appealing for a buyer we're a joke.

[Jagermesiter1871]

Simon Jordan mouthing to Jim white "ask him if he wants to buy them"

[WestYorksRoyal]

https://www.readingfc.co.uk/news/2023/s ... -the-club/

Reading Football Club can confirm that a sum owed to HMRC and due by Friday 22nd September 2023 remains outstanding.

In exceeding the default period, the club reported this breach and has again been placed under a registration embargo with immediate effect. It will remain in place until the breach has been remedied. 

On behalf of everyone at Reading Football Club, we would like to express our sincere gratitude to our community, our commercial partners, sponsors and suppliers and, most importantly, our fans - for your continued support and patience during this extremely challenging period.

We also want to place on record the club’s appreciation to its staff who continue to represent the club admirably in increasingly demanding circumstances. We can confirm that the wage bill for September has been satisfied in full and in a timely fashion.

The club continues to suffer significant cashflow issues and, in striving to establish sources of stable external investment, we can confirm that there has been significant interest from a number of parties seeking involvement in the club. 

Discussions and due diligence processes with a number of these potential investors continue apace. Our owner, Mr Dai, is openly inviting further credible offers of interest and declarations of intent from parties eager to pursue a potential sale of the club.

Optimist bias perhaps, but this is good news. Dai open to a sale and not just investment.

Also, well done SBWD. Protests, MPs involved, national press coverage. It has had an impact.

[Snowflake Royal]

Slightly more optimistic. Although could easily r someone.at the club going - oxf*rd you, not going to talk to us eh, let's put out something encouraging people to get in touch so we can try to get rid of him.

[RFCMod]

So who was Bowen entertaining today in the front row ?

And which group is it that has involvement from Nigel Howe ?

[Sutekh]

So who was Bowen entertaining today in the front row ?

And which group is it that has involvement from Nigel Howe ?

He's entertaining people at the ground today?

[Franchise FC]

So who was Bowen entertaining today in the front row ?

And which group is it that has involvement from Nigel Howe ?

He's entertaining people at the ground today?

Pity he didn’t think to entertain me

[WestYorksRoyal]

Rumours gone pretty quiet in this space aside from the bearded bell end who's not to be taken seriously. Don't think it means anything - just have everything crossed that things are moving in the background.