by Hound » 18 Sep 2023 18:48
by Hound » 18 Sep 2023 18:51
by Ascotexgunner » 18 Sep 2023 18:58
Elm Park Kid Getting back on track - This probably ends with Selles and Bowen leaving the club and Dai being finally forced to sell up. He doesn't want to put any more money in, SLC are only going to lend us so much and no sensible person/company is going to invest a penny whilst Dai acts like absent owner. Even our CEO has gone missing. This ends with a sale or winding up order.
by Elm Park Kid » 18 Sep 2023 19:59
AscotexgunnerElm Park Kid Getting back on track - This probably ends with Selles and Bowen leaving the club and Dai being finally forced to sell up. He doesn't want to put any more money in, SLC are only going to lend us so much and no sensible person/company is going to invest a penny whilst Dai acts like absent owner. Even our CEO has gone missing. This ends with a sale or winding up order.
It's difficult to know which way this will go.
Dai will not sell up and even if a buyer is found he will cling on to power for as long as possible for an extortionate amount of money.
Then there's the assets.....does the club come with the stadium and training ground to the buyer?.......
Other side of the coin is we are a decent sized club in a good area, brilliant stadium, training facilities and someone might fancy their chance of trying to create a new Brighton......
Then flipping the coin back again, noone might want us as we maybe a bad proposition....then it ends badly with us definitely being the new Bolton.....
by MouldyRoyal » 19 Sep 2023 09:26
Snowflake RoyalMouldyRoyalSnowflake Royal Oh goody, GWL is here to give another boring lecture.
He's not wrong though.
Nor relevant.
by Jagermesiter1871 » 19 Sep 2023 11:08
Snowflake RoyalJagermesiter1871Snowflake Royal Christ, it's not hard is it.
Someone makes a point about someone making billions in China is unlikely to do so honestly, referring to China as a communist country.
So someone tries to argue the toss by saying China isn't a Communist country and then some other tosser rocks up to wave their economics BSc knob around and give us a lecture on how China doesn't fit communist ideals in some ways.
Who gives a oxf*rd whether China meets the technical definition of Communism in some or all elements of how its run. Its not relevant to the discussion. China identifies as a Communist state. The world identifies China as a communist state.
More importantly Dai Yongge is a useless cock who almost certainly made his money on the dodge. The actual point.
"Er... I think you'll find China doesn't actually conform to communist ideology economically".
"Yeah thanks Penfold, fuck off."
Genuinely interested in what sources you have that he made his money on the dodge? And any info on why after investing over £200mil he has stopped, despite still attending games and seeming to have an interest.
Seeing as this is on topic and not stupid, I'll respond.
He made his money buying nuclear bunkers off the Gov on the cheap and converting them into shopping centres. China is a corrupt authoritarian state. If you think major infrastructure projects and selling off of state assets aren't riddled with corruption and graft there, I have a bridge you might be interested in buying.
Then of course there's the factor that pretty much anyone of sufficent wealth pretty much must have engaged in some degree of moral and or dishonest practice to get there.
Why has the money run dry? He was heavily invested in shopping centres. China was in semi lockdown for two years, that's going to have decimated his finances. One of his major company's shares can't be traded. He's pissed about £200m of his roughly £900m when he bought us up the wall on us.
He's bored of us. He bought us after a PO Final trying to buy his way into the PL and he's run us so shambolically that about 5 years later we're in the League One relegation zone.
Almost without fail every decision we know he's directly involved in has been a shambles and harmed us. The training ground is the one good thing he's done and that was planned under the Thais.
It's now just a case of trying to make him lose more face hanging around running us into oblivion than admitting defeat and selling up.
The pcunt is destroying our club. And he can oxf*rd off. Amongst other things.
by Snowflake Royal » 19 Sep 2023 12:15
Jagermesiter1871Snowflake RoyalJagermesiter1871
Genuinely interested in what sources you have that he made his money on the dodge? And any info on why after investing over £200mil he has stopped, despite still attending games and seeming to have an interest.
Seeing as this is on topic and not stupid, I'll respond.
He made his money buying nuclear bunkers off the Gov on the cheap and converting them into shopping centres. China is a corrupt authoritarian state. If you think major infrastructure projects and selling off of state assets aren't riddled with corruption and graft there, I have a bridge you might be interested in buying.
Then of course there's the factor that pretty much anyone of sufficent wealth pretty much must have engaged in some degree of moral and or dishonest practice to get there.
Why has the money run dry? He was heavily invested in shopping centres. China was in semi lockdown for two years, that's going to have decimated his finances. One of his major company's shares can't be traded. He's pissed about £200m of his roughly £900m when he bought us up the wall on us.
He's bored of us. He bought us after a PO Final trying to buy his way into the PL and he's run us so shambolically that about 5 years later we're in the League One relegation zone.
Almost without fail every decision we know he's directly involved in has been a shambles and harmed us. The training ground is the one good thing he's done and that was planned under the Thais.
It's now just a case of trying to make him lose more face hanging around running us into oblivion than admitting defeat and selling up.
The pcunt is destroying our club. And he can oxf*rd off. Amongst other things.
Not sure it's all that unfeasible that nuclear bunkers would be sold off on the cheap and is fairly innovative to convert them into shopping centres. Of course I'm sure there was an element of guanxi and greasing of hands but that's the case with a lot of the world particularly developing nations, which China was at the time. Hardly makes Dai an evil bastard and dodgy per se if that was the case. I don't see any evidence he's bored of us and as you've said, he most likely has suffered economically from the pandemic. Again, fail to see how any of this makes him the dodgy evil pantomime villain you're trying to portray him as. I think its fair to say he's been incompetent and trusted the wrong people but it does appear he is looking for third party investment as opposed to mothballing the club.
Do find it funny that once owners stop investing, for whatever reason, they are suddenly evil even if they have previously invested hundreds of millions of their own funds. Do recall the abuse Mr Mad received at the end of his tenure when he didn't have the funds.
by Forbury Lion » 19 Sep 2023 12:27
What young kids? - We won't have an academy.HoundSouthDownsRoyal Maybe relegation to L2 will be the great reset we need?
New grounds to visit tbf. And we’d probably win more games than we lose so would be nice to be near the top of the table for once
And a better opportunity to bring the young kids in
by Greatwesternline » 19 Sep 2023 12:40
South Coast Royal FWIW I agree with you on this GWL and have no problem, nor should any nobber have a problem with a topic going off piste-it happens all the time in the world of HNA.
So, with no apology for staying off piste, is England now a Christian country?
by rabidbee » 19 Sep 2023 12:49
by Jagermesiter1871 » 19 Sep 2023 13:18
Snowflake RoyalJagermesiter1871Snowflake Royal Seeing as this is on topic and not stupid, I'll respond.
He made his money buying nuclear bunkers off the Gov on the cheap and converting them into shopping centres. China is a corrupt authoritarian state. If you think major infrastructure projects and selling off of state assets aren't riddled with corruption and graft there, I have a bridge you might be interested in buying.
Then of course there's the factor that pretty much anyone of sufficent wealth pretty much must have engaged in some degree of moral and or dishonest practice to get there.
Why has the money run dry? He was heavily invested in shopping centres. China was in semi lockdown for two years, that's going to have decimated his finances. One of his major company's shares can't be traded. He's pissed about £200m of his roughly £900m when he bought us up the wall on us.
He's bored of us. He bought us after a PO Final trying to buy his way into the PL and he's run us so shambolically that about 5 years later we're in the League One relegation zone.
Almost without fail every decision we know he's directly involved in has been a shambles and harmed us. The training ground is the one good thing he's done and that was planned under the Thais.
It's now just a case of trying to make him lose more face hanging around running us into oblivion than admitting defeat and selling up.
The pcunt is destroying our club. And he can oxf*rd off. Amongst other things.
Not sure it's all that unfeasible that nuclear bunkers would be sold off on the cheap and is fairly innovative to convert them into shopping centres. Of course I'm sure there was an element of guanxi and greasing of hands but that's the case with a lot of the world particularly developing nations, which China was at the time. Hardly makes Dai an evil bastard and dodgy per se if that was the case. I don't see any evidence he's bored of us and as you've said, he most likely has suffered economically from the pandemic. Again, fail to see how any of this makes him the dodgy evil pantomime villain you're trying to portray him as. I think its fair to say he's been incompetent and trusted the wrong people but it does appear he is looking for third party investment as opposed to mothballing the club.
Do find it funny that once owners stop investing, for whatever reason, they are suddenly evil even if they have previously invested hundreds of millions of their own funds. Do recall the abuse Mr Mad received at the end of his tenure when he didn't have the funds.
It's got nothing to do with him stopping putting money in, as shown by me being sick of the useless pcunt for years.
Most of the fanbase have woken up to it. There's akways some who'll keep their eyes closed. I guess that includes you.
by Elm Park Kid » 19 Sep 2023 14:11
by Hound » 19 Sep 2023 14:20
by Elm Park Kid » 19 Sep 2023 14:37
Hound I think that’s about right
And as said on the other board, he’ll probably break down his ‘investments’ ; the independently valued stadium at £25m or so, the training ground, and the squad itself and think someone should be paying far more than a new buyer will think it’s worth
It’s a difficult negotiation. A new buyer could pick up the lot and relatively hit the jackpot if we went back up with a thriving academy, training ground and the likes of Savage, Elliot, Binden, Ehib, Abbey and Vickers potentially being worth some good money at some stage
On the other hand you could see a struggling club near the bottom of L1 being forced to play a load of academy kids as they don’t have anyone else, with a stadium they can’t fill and seemingly miles from the PL
by WestYorksRoyal » 19 Sep 2023 14:46
Elm Park KidHound I think that’s about right
And as said on the other board, he’ll probably break down his ‘investments’ ; the independently valued stadium at £25m or so, the training ground, and the squad itself and think someone should be paying far more than a new buyer will think it’s worth
It’s a difficult negotiation. A new buyer could pick up the lot and relatively hit the jackpot if we went back up with a thriving academy, training ground and the likes of Savage, Elliot, Binden, Ehib, Abbey and Vickers potentially being worth some good money at some stage
On the other hand you could see a struggling club near the bottom of L1 being forced to play a load of academy kids as they don’t have anyone else, with a stadium they can’t fill and seemingly miles from the PL
True, but Reading isn't really worth much more as a Championship club than it is right now. Costs go up by more than additional income in that league, and (as we've seen) trying to get the full market value for any players that turn good is like trying to carry water in a colander. So any potential new owner is only going to hit the 'jackpot' if they get promoted again to PL - which is frankly a long shot.
But, on the plus side, modern day investors (especially the Yanks) seem to have a highly optimistic view of how successful a team can become. And the whole Wrexham stuff doesn't hurt in terms of general interest. I'm aware that there have already been genuine offers at 'fair' prices, just that Dai has this ridiculous idea that he can get his money back. . . . .
by Stranded » 19 Sep 2023 14:50
Elm Park KidHound I think that’s about right
And as said on the other board, he’ll probably break down his ‘investments’ ; the independently valued stadium at £25m or so, the training ground, and the squad itself and think someone should be paying far more than a new buyer will think it’s worth
It’s a difficult negotiation. A new buyer could pick up the lot and relatively hit the jackpot if we went back up with a thriving academy, training ground and the likes of Savage, Elliot, Binden, Ehib, Abbey and Vickers potentially being worth some good money at some stage
On the other hand you could see a struggling club near the bottom of L1 being forced to play a load of academy kids as they don’t have anyone else, with a stadium they can’t fill and seemingly miles from the PL
True, but Reading isn't really worth much more as a Championship club than it is right now. Costs go up by more than additional income in that league, and (as we've seen) trying to get the full market value for any players that turn good is like trying to carry water in a colander. So any potential new owner is only going to hit the 'jackpot' if they get promoted again to PL - which is frankly a long shot.
But, on the plus side, modern day investors (especially the Yanks) seem to have a highly optimistic view of how successful a team can become. And the whole Wrexham stuff doesn't hurt in terms of general interest. I'm aware that there have already been genuine offers at 'fair' prices, just that Dai has this ridiculous idea that he can get his money back. . . . .
by Hound » 19 Sep 2023 14:51
Elm Park KidHound I think that’s about right
And as said on the other board, he’ll probably break down his ‘investments’ ; the independently valued stadium at £25m or so, the training ground, and the squad itself and think someone should be paying far more than a new buyer will think it’s worth
It’s a difficult negotiation. A new buyer could pick up the lot and relatively hit the jackpot if we went back up with a thriving academy, training ground and the likes of Savage, Elliot, Binden, Ehib, Abbey and Vickers potentially being worth some good money at some stage
On the other hand you could see a struggling club near the bottom of L1 being forced to play a load of academy kids as they don’t have anyone else, with a stadium they can’t fill and seemingly miles from the PL
True, but Reading isn't really worth much more as a Championship club than it is right now. Costs go up by more than additional income in that league, and (as we've seen) trying to get the full market value for any players that turn good is like trying to carry water in a colander. So any potential new owner is only going to hit the 'jackpot' if they get promoted again to PL - which is frankly a long shot.
But, on the plus side, modern day investors (especially the Yanks) seem to have a highly optimistic view of how successful a team can become. And the whole Wrexham stuff doesn't hurt in terms of general interest. I'm aware that there have already been genuine offers at 'fair' prices, just that Dai has this ridiculous idea that he can get his money back. . . . .
by WestYorksRoyal » 19 Sep 2023 14:54
by Franchise FC » 19 Sep 2023 16:19
WestYorksRoyal Your ego must be out of control to be like that and make decisions so much against your financial interests. When an insolvent business gets liquidated, the owner is at the end of the queue and gets fcuk all back.
What a vile, pathetic, petty, vindictive excuse of a human being you must be to make that choice and destroy a community asset in the process. Take the reasonable bids on offer and fcuk off.
by WestYorksRoyal » 19 Sep 2023 16:26
Franchise FCWestYorksRoyal Your ego must be out of control to be like that and make decisions so much against your financial interests. When an insolvent business gets liquidated, the owner is at the end of the queue and gets fcuk all back.
What a vile, pathetic, petty, vindictive excuse of a human being you must be to make that choice and destroy a community asset in the process. Take the reasonable bids on offer and fcuk off.
True, if it's all about share value, but if he has loans that may not be the case.
Indeed, if they are legally secured loans they may rank first (after the football and HMRC debts)
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