Confimred new owners of Raeding Footbal Club

[Martin41]

What a surprise, it's all confirmed and still people don't seem happy!!!!! Jesus what will please some of you?

Happy about what exactly: a group of unknowns come in and buy the club (just like last time) who don't appear to have sufficient funds to run the club long term without promotion . Who set up a shell company to run it (like last time)

Sorry if I don't share your lemming like blind faith, but hey it's only the clubs future at stake so perhaps we should all just enjoy the ride

It's just faith, I don't beleive sjm will make the same mistake as last time.
How do you know they don't have the funds?
And don't be such a drama queen...

[multisync1830]

What a surprise, it's all confirmed and still people don't seem happy!!!!! Jesus what will please some of you?

Happy about what exactly: a group of unknowns come in and buy the club (just like last time) who don't appear to have sufficient funds to run the club long term without promotion . Who set up a shell company to run it (like last time)

Sorry if I don't share your lemming like blind faith, but hey it's only the clubs future at stake so perhaps we should all just enjoy the ride

It's just faith, I don't beleive sjm will make the same mistake as last time.
How do you know they don't have the funds?
And don't be such a drama queen...

Business should not be based on faith. SJM sold out to TSI for one reason only - He was running out of money and he knew the only way was down.

SJM said the club would have gone bust without the Thai's investment. IE the end game commeth. (Apparently He sold out for less than the Omani's offered almost a year ago)..

He talked up TSI as the greatest thing ever and the Thai's as the greatest thing since...fool me once eh??

Good luck going forward.

[Martin41]

I have not based it on faith I'm not doing the business, I'm saying I have faith in sjm and the new owners, until anything says otherwise.
Very easy to come out with oh it's awful, they have no money etc. Let's see what happens, as I or you or anyone on here does not know what they will or won't do. So as I said I'm showing faith.

[RoyalBlue]

I really hope JM has got it right this time around.

The trouble is that he was desperate to sell the first time around and, as a consequence, he and the club caught a severe cold.

Second time around he was even more desperate to sell and, when you are so desperate to sell something you don't tend to get the best deal nor can you be particularly fussy about who you sell to. So my 'faith' will revolve more around praying that JM has got it right/struck lucky this time around.

[Royal Rother]

What a surprise, it's all confirmed and still people don't seem happy!!!!! Jesus what will please some of you?

Happy about what exactly: a group of unknowns come in and buy the club (just like last time) who don't appear to have sufficient funds to run the club long term without promotion . Who set up a shell company to run it (like last time)

Sorry if I don't share your lemming like blind faith, but hey it's only the clubs future at stake so perhaps we should all just enjoy the ride

Happy that there is a degree of stability.

In this day and age of football club ownership unless you have a Sugar Daddy that's about as much as you can ask for.

Caution is fine but outright cynicism is pretty churlish in the circumstances.

Personally I never wanted a billionaire SD - when it was suggested way back that we could be the next Man City if Boris got fully involved that left me feeling rather flat.

[Martin41]

I hope janurary come we going to spend good

Don't panic, I'm pretty sure January will come.....it does most years!!

[Ian Royal]

What a surprise, it's all confirmed and still people don't seem happy!!!!! Jesus what will please some of you?

Happy about what exactly: a group of unknowns come in and buy the club (just like last time) who don't appear to have sufficient funds to run the club long term without promotion . Who set up a shell company to run it (like last time)

Sorry if I don't share your lemming like blind faith, but hey it's only the clubs future at stake so perhaps we should all just enjoy the ride

Happy that there is a degree of stability.

In this day and age of football club ownership unless you have a Sugar Daddy that's about as much as you can ask for.

Caution is fine but outright cynicism is pretty churlish in the circumstances.

Personally I never wanted a billionaire SD - when it was suggested way back that we could be the next Man City if Boris got fully involved that left me feeling rather flat.

Largely agree.

Having owners we know little about who may or may not be dodgy and have the cash >>>>>>>>> having an owner we know definitely doesn't have the cash, debts and a wage bill we can't afford.

[Royalwaster]

madejski stadiuim wont have name charge no way

But it might have a name change ... big difference!

[Nameless]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

I have no idea what the future holds, but can't see the point in automatically assuming the worst. Some people just love to be miserable ! I understand the Thai's have a reason for wanting to invest, which is around expanding their current businesses into the UK. They see the club as a vehicle for doing that. You have to assume that they believe that can be done and the investement they will make in the club will give them value for money. I would expect that a successful club will provide a better shopwindow than an unsuccessful one.

[windermere_royal]

I hope janurary come we going to spend good

Don't panic, I'm pretty sure January will come.....it does most years!!

Every year actually

[RoyalBlue]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

.

Not exactly true. IIRC he had plenty of money from his property investment company when he took us over and was quite a wealthy man. However, he blew some of his money on keeping Reading FC afloat and then the property market and, consequently his personal wealth, took a big downturn. Also, IIRC, he felt that part of the reason his property company took a down turn was that he had been paying too much attention to RFC and not enough to his other business.

[Old Biscuitman]

I hope janurary come we going to spend good

Don't panic, I'm pretty sure January will come.....it does most years!!

Every year actually

That's an assumption based on just a thousand years or so. Seen by a philosopher that is. Sorry.

[strap]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

.

Not exactly true. IIRC he had plenty of money from his property investment company when he took us over and was quite a wealthy man. However, he blew some of his money on keeping Reading FC afloat and then the property market and, consequently his personal wealth, took a big downturn. Also, IIRC, he felt that part of the reason his property company took a down turn was that he had been paying too much attention to RFC and not enough to his other business.

100% correct. Whilst SJM is rightly credited with getting us where we are today, I feel Roger Smee's exploits in extricating us from the clutches of a certain fat socialist crooked bastard is never given it's full credit. I truly hope the aforementioned labour supporting shit is rotting in hell for all the pain and misery he brought onto so many innocent people. I count one of his former business colleagues as a personal friend and can vouch from first hand experience that that socialist scum would have shafted his own mother if it meant a few quid in his pocket. A truly, truly nasty piece of work. We should be VERY thankful he didn't get his fat fingers into RFC. You can be 100% sure that if he had, we wouldn't be here today supporting RFC.

[Nameless]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

.

Not exactly true. IIRC he had plenty of money from his property investment company when he took us over and was quite a wealthy man. However, he blew some of his money on keeping Reading FC afloat and then the property market and, consequently his personal wealth, took a big downturn. Also, IIRC, he felt that part of the reason his property company took a down turn was that he had been paying too much attention to RFC and not enough to his other business.

He was never as rich as his lifestyle suggested. His building company ( Rockfort was a builder rather than an investor) did ok for a while but he wasn't a multimillionaire by any means. The work he put into RFC definitely was detrimental to his other businesses. I agree 100% with Strap that Smee played a large and crucial role in saving us from Maxwell, but find it odd that some people venerate Smee but see Madejski as the devil incarnate. Without Both of them RFC would have disappeared, but Madejski has overseen progress several orders of magnitude bigger than Smee did. There is more money in the game as a whole now, but Smee would never have got us to where we are now or have been for the last 15 years.

[multisync1830]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

.

Not exactly true. IIRC he had plenty of money from his property investment company when he took us over and was quite a wealthy man. However, he blew some of his money on keeping Reading FC afloat and then the property market and, consequently his personal wealth, took a big downturn. Also, IIRC, he felt that part of the reason his property company took a down turn was that he had been paying too much attention to RFC and not enough to his other business.

He was never as rich as his lifestyle suggested. His building company ( Rockfort was a builder rather than an investor) did ok for a while but he wasn't a multimillionaire by any means. The work he put into RFC definitely was detrimental to his other businesses. I agree 100% with Strap that Smee played a large and crucial role in saving us from Maxwell, but find it odd that some people venerate Smee but see Madejski as the devil incarnate. Without Both of them RFC would have disappeared, but Madejski has overseen progress several orders of magnitude bigger than Smee did. There is more money in the game as a whole now, but Smee would never have got us to where we are now or have been for the last 15 years.

Call me old fashioned...

Madejski and Gibbons partnered with the Guardian Media Group in 1982 to give the title national exposure. By 1998, they were publishing 52 titles with a combined circulation of more than 700,000. Madejski took his exit, selling Hurst to private equity firm BC partners for £260m. From his original stake of £1,100, Madejski walked away with £174m.

I believe his wealth was as high as 250m at one point but sadly a number of poor decisions c/w bad timing and possibly poor advise (advisors) have reduced him to below 100m. Either way I still would count him as a multi millionaire.

[Fox Talbot]

^^^

Call me old-fashioned but try reading the previous post again.

He's referring to Smee not SJM.

[Platypuss]

^^^
I rather think he was referring there to Smee not being a multimillionaire.
Surely the Rockfort bit rather gave it away?

[multisync1830]

^^^
I rather think he was referring there to Smee not being a multimillionaire.
Surely the Rockfort bit rather gave it away?

my bad I missed that bit...

but he did go bust for 250m which is a fair amount plus his declared family holding net worth is 4m+

[JimmytheJim]

99% of us had never heard of SJM when he rescued us from a hole as big as the one the Thai's have helped with.
We'd heard of Roger Smee but he had no money meaning he was never going to be anything other than short term.

.

Not exactly true. IIRC he had plenty of money from his property investment company when he took us over and was quite a wealthy man. However, he blew some of his money on keeping Reading FC afloat and then the property market and, consequently his personal wealth, took a big downturn. Also, IIRC, he felt that part of the reason his property company took a down turn was that he had been paying too much attention to RFC and not enough to his other business.

100% correct. Whilst SJM is rightly credited with getting us where we are today, I feel Roger Smee's exploits in extricating us from the clutches of a certain fat socialist crooked bastard is never given it's full credit. I truly hope the aforementioned labour supporting shit is rotting in hell for all the pain and misery he brought onto so many innocent people. I count one of his former business colleagues as a personal friend and can vouch from first hand experience that that socialist scum would have shafted his own mother if it meant a few quid in his pocket. A truly, truly nasty piece of work. We should be VERY thankful he didn't get his fat fingers into RFC. You can be 100% sure that if he had, we wouldn't be here today supporting RFC.

I don't think socialist is a term that can reasonably be applied to a multimillionaire publishing magnate who embodied the worst elements of capitalism

[Royal Rother]

I found that odd too.