Confimred new owners of Raeding Footbal Club

[Royalcop]

Corporation tax? Or is that only if you make a profit?

[winchester_royal]

Corporation tax? Or is that only if you make a profit?

Only if you make a profit. And even then it can be a little complicated... (See Amazon, Google etc.)

The taxes we do pay will be due monthly, hence the 1.6m bills that are due every few weeks. So as Zac and RR rightly point out the notion that we've let tax bills build over the past 2 years is ridiculous.

[Ian Royal]

Corporation tax? Or is that only if you make a profit?

Only if you make a profit. And even then it can be a little complicated... (See Amazon, Google etc.)

The taxes we do pay will be due monthly, hence the 1.6m bills that are due every few weeks. So as Zac and RR rightly point out the notion that we've let tax bills build over the past 2 years is ridiculous.

Much like the rest of RBs dribblings.

So. We have a couple of possibilities from Madejski's statement.

1) multisync is right and Anton had to give back the shares he bought from his Madj because he couldn't complete the deal. SJM is now majority shareholder again and TSI is just a debtor with no say in anything at the club.
2) TSI now has no one on the board and no say in the day to day running, but is still majority shareholder and the board would have to put any takeover deal to it for approval.

1) has the benefit that TSI have bugger all influence, but the downside they're now a major creditor not associated with the club and more able to play nasty to get their loan back... potentially issuing a winding up order...
2) has the benefit that TSI are still owners so it's not in their interests in the slightest to try to recover their loan other than through a buyer paying it off, but they still get ultimate say in any deal - probably not an issue as getting their money back can be their only real aim.

So, yes there are still questions, yes the statement could have been more detailed. But this is clearly good news of some sort and definitely means we know more than we knew yesterday.

[Mr Angry]

1) has the benefit that TSI have bugger all influence, but the downside they're now a major creditor not associated with the club and more able to play nasty to get their loan back... potentially issuing a winding up order...

Except of course, if they went down that route they would get sod all as they wouldn't be classed as a "football" creditor.

[West Stand Flash]

Love how people on this forum still think they know more than the club.
Majority of you on here know fck all, so pipe down already.

[AthleticoSpizz]

Hi Stryker

[Nameless]

Love how people on this forum still think they know more than the club.
Majority of us on here know fck all, so pipe down already.

Subtly corrected for you. Point is not invalid though. Some people have worked themselves into a right lather by taking what people have made up rather too seriously.

Suspect there is more to come on the story, but let's wait a while before doing an RB and letting our heads explode...

[sandman]

I have only met CS once and whilst i wasn't left with a favourable opinion I don't think he's quite the villain the last week has portrayed him as.

Of course he was the villain. He has shown he was a scumbag before Reading FC and has been holding on for dear life to the club only to make himself a bit of wealth.

He should never be welcome in this town again

[SPARTA]

Love how people on this forum still think they know more than the club.
Majority of you on here know fck all.

How is your old man these days?

[Lovely hot donuts!]

The mist upsetting thing for me is today discovering that the Indian fella's name is Mohit Burman not, as I've been calling him for weeks now, Mohit Burnham.
I still want him to take over the club but at least 40% of his appeal was that he was named after a local town.

[Ian Royal]

Love how people on this forum still think they know more than the club.
Majority of you on here know fck all.

How is your old man these days?

uttercuntitis is chronic and degenerative, so that's not a very tactful thing to ask.

[Millsy]

I remember morons asking me early on why I hated Anton....

at HNA FFS

I hope y'all enjoy this mess.

[P!ssed Off]

I remember morons asking me early on why I hated Anton....

at HNA FFS

I hope y'all enjoy this mess.

Ah, yes. The old 'you voted for it, you live with it'.
Except Reading fans did not actually vote on the issue, and in fact had very little say at all.
Someone expressed an opinion that may have later turned about to be incorrect: "Serves them right, they deserve everything they get."

The average fan's opinion on the takeover of Zingarevich is completely irrelevant, that was Madejski's decision.
The average fan's opinion on the sacking of McDermott is completely irrelevant, that was Zingarevich's decision.
The average fan's opinion on Sagi vs Burman is completely irrelevant, oxf*rd knows whose decision that is to be, but it will not be for the fans to decide.

Fans are merely expressing a preference. That preference is highly unlikely to have any bearing on the actual decision making process, so I'm not quite sure what exactly you are attempting to hold the fans responsible for.

[sandman]

Which would be ok if they were merely offering opinions on it but they weren't they were so insistent that this was the guy who had such a passion for football, that there was nothing wrong, that he wanted to get rid of McD for the good of christmas and puppies and us all and throwing out insults at those who were sceptical.

[Reading4eva]

I remember morons asking me early on why I hated Anton....

at HNA FFS

I hope y'all enjoy this mess.

I will certainly be sceptical about the next one but I thought we hit gold mainly down to the way we shot through the Championship that season. Maybe you had to believe the Europe, established Premier League claims. And when we come down I honestly felt he'd deliver on the 100 points promise Adkins made. Adkins is the man most let down by this mess. I'm feeling sorry for him to be fair.

[Terminal Boardom]

I remember morons asking me early on why I hated Anton....

at HNA FFS

I hope y'all enjoy this mess.

Ah, yes. The old 'you voted for it, you live with it'.
Except Reading fans did not actually vote on the issue, and in fact had very little say at all.
Someone expressed an opinion that may have later turned about to be incorrect: "Serves them right, they deserve everything they get."

The average fan's opinion on the takeover of Zingarevich is completely irrelevant, that was Madejski's decision.
The average fan's opinion on the sacking of McDermott is completely irrelevant, that was Zingarevich's decision.
The average fan's opinion on Sagi vs Burman is completely irrelevant, oxf*rd knows whose decision that is to be, but it will not be for the fans to decide.

Fans are merely expressing a preference. That preference is highly unlikely to have any bearing on the actual decision making process, so I'm not quite sure what exactly you are attempting to hold the fans responsible for.

#

I wouldn't say that fans opinions are irrelevant. Sure they weren't involved in the decision making but IIRC, the reaction when Anton came in was highly favourable and I would have a punt at suggesting that in the region of 1 in 5 was against the sale owing to the saga with Everton.

The opinion of BMcD being sacked was about the same only that 4 out of 5 were against it.

As for Jew Boy vs Corner Shop owner, there is just not enough info to make a judgement but since when does that mean opinions are irrelevant?

What I find intriguing is that sjm is down to his last £100 million. He is after cash and quickly. The two former Directors will be after the best value that they can get for themselves and TSI or whatever vehicle they are running with. Finding a buyer prepared to deliver the funds to satisfy both parties, notwithstanding any clauses that may or may not exist (eg stadium naming rights, monthly payments etc), makes for intriguing times. Says a lot when there is more excitement off the pitch rather than on it.

[dizzynewheights]

Well at least the events of the last 24 hours prove that fordham has zero inside knowledge.

[leww_rfc]

Well at least the events of the last 24 hours prove that fordham has zero inside knowledge.

[CholseyRoyal]

Does anyone know for a fact who owns what percentage of the club's shares now?

Is it still Anton/TSI with 51% and SJM just under 49% or did Anton/TSI actually sell the 51% back to SJM for £1?

[melonhead]

Does anyone know for a fact who owns what percentage of the club's shares now?

yes