Confimred new owners of Raeding Footbal Club

[TommyF]

I have no qualms with them taking their time, especially after the whole TSI fiasco

Remember, they passed the test too.

I think that's his point. Had the funding been better checked it may not have gone ahead and RFC wouldn't have been selling players to fund tax bills

[UpThePrem]

I don't think TSI's bid would ever fail the FPPT as they have always had sufficient money via Boris. The fact they chose not to invest it in the club at a later date couldn't have been foreseen at that stage.

[Royal Rother]

Indeed.

I don't really understand why that is proving so difficult for people to grasp.

It hasn't transpired that TSI were funded by a bunch of money-laundering criminals, or by a bunch of skint chancers.

There's bugger all that anyone can do if the supposed funders who passed the tests and went through all due diligence decide they're not going to put money in after all. Nothing at fault with FPPT or RFC's dd.

It could happen to any club at any time.

[tidus_mi2]

I wasn't particularly suggesting it was a failure of the FPP tests for the whole TSI mess, more that, with that in mind, they may be taking more time to be more assured that financial backing will actually be there this time.

[Royal Biscuitman]

Maybe they should force owners to resit the FPP test every year

[Royal Rother]

I wasn't particularly suggesting it was a failure of the FPP tests for the whole TSI mess, more that, with that in mind, they may be taking more time to be more assured that financial backing will actually be there this time.

What do you have in mind?

[melonhead]

the whole TSI mess

[Royal Biscuitman]

I guess there is no FPP test to someone wishing to buy a stadium and all their assets (other than players) from a club, just the club itself.

[JIM]

At least we are not in the same boat as QPR 1 of my 2 dreams seeing Loftus road as a multi story car park. and WEST HAM as a sewage farm .

[CholseyRoyal]

@TFS_Reading: BREAKING SSN: Takeover should be completed by next week at the latest #readingfc http://dlvr.it/6x70Sp

[Norfolk Royal]

@TFS_Reading: BREAKING SSN: Takeover should be completed by next week at the latest #readingfc http://dlvr.it/6x70Sp

Basically what many people have said over the last three months which has all turned out not be true then?

[ZacNaloen]

Depends who and what you are referring to tbh

[Norfolk Royal]

Depends who and what you are referring to tbh

That the takeover would be completed 'by the end of the week' 'in two week's time' 'tomorrow,' etc etc.

I've seen that numerous times from multiple sources.

[ZacNaloen]

Unless they have a source that works for the FA then really no one knows when they will approve their end of the bargain.

[JIM]

can someone tell me what date did this fiasco with the FA start ?

[Martin41]

can someone tell me what date did this fiasco with the FA start ?

A while ago!!! But it's not a fiasco.....it takes as long as it takes, better than them not checking stuff out. It's not just 1 person bound to take longer.......calm down!

[Norfolk Royal]

Unless they have a source that works for the FA then really no one knows when they will approve their end of the bargain.

Indeed Zac, that was my point.

[Platypuss]

It's got nothing to do with the FA.

[Sutekh]

@TFS_Reading: BREAKING SSN: Takeover should be completed by next week at the latest #readingfc http://dlvr.it/6x70Sp

EP says this on the back page to day. End of next week at the latest.

[Mr Irascible]

That's the trouble with a Thai takeaway. Always takes longer than you think!