Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

[Snowflake Royal]

Arborfield Sports field , apparently..

(https://search-property-information.ser ... LfDLpalA==)

Before Bearwood our training ground was the old Army Garrison at Arborfield.

Why would there be a charge on Bearwood relating to Hogwood ? I have vague recollections that Hogwood was owned by SJM and rented to RFC. Additionally it was sold for housing so surely if there were any debts associated with they would have been cleared as part of the sale. I can’t imagine a government department allowing a private company to effectively have a government funded mortgage…

Having said that the link does seem the logical one !

Well Madejski was a Tory donor, so anything is possible with the Gov of the last 14 years.

[El Diablo]

Doing some sleuthing - the land that relates to the above released charge (Arborfield) was sold, in 2022 . for £22m (gross)

Now, the company that sold the land was SUN ELEGANT GROUP LIMITED - who, the beneficial owner being surprise surprise , one Dai Yongge.

What I don't fully understand why RFC had a charge registered against it - I can only assume that the loan against the land was originally secured against the club, potentially the club originally owned the land , then (RFC Dai) sold it to (Dai) - and the club benefitted to support its financial position?

Certainly seems like there's some house keeping going on atm , but second guessing the above is probs beyond available public record

[From Despair To Where?]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

[Forbury Lion]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

[WestYorksRoyal]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Eh? Try laundering money in your business and see whether the government intervenes.

The debate is when the government has grounds to intervene, and should football clubs as community assets have a different threshold for government intervention. Admittedly, there is nothing the government can currently do for an owner like Dai under existing legislation, but it doesn't mean it should always be that way.

[Snowflake Royal]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

Very unpopular for wasting millions of tax payers money on a club 99.9% of country couldn't give a flying oxf*rd about

[Sutekh]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

Very unpopular for wasting millions of tax payers money on a club 99.9% of country couldn't give a flying oxf*rd about

But then all governments are excellent at wasting money on things nobody wants or those nobody care cares about.

[Mid Sussex Royal]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

Very unpopular for wasting millions of tax payers money on a club 99.9% of country couldn't give a flying oxf*rd about

Agree - Gordon Brown was very unpopular for bailing out 2 major privately owned banks which was you could argue in the national interest.

[From Despair To Where?]

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

Very unpopular for wasting millions of tax payers money on a club 99.9% of country couldn't give a flying oxf*rd about

Agree - Gordon Brown was very unpopular for bailing out 2 major privately owned banks which was you could argue in the national interest.

I wouldn't call Reading FC a key infrastructural institution.

[Forbury Lion]

That's the key at the end of the day, there's no grounds for the government to intervene in the running or a private business.

Although, they can privatize public services... imagine how popular that might be if they seized the club and assets associated with it (even those in different companies) and then appointed someone to run it and sell it to a new group. The owner then gets whatever's left from the sale proceeds after all other expenses including running costs, which may be nothing or could even be a bill which if they don't pay they can seize further assets.

Very unpopular for wasting millions of tax payers money on a club 99.9% of country couldn't give a flying oxf*rd about

I think they can make money out of this, even if they just change the rules so administrators take all the assets associated with the club owned by the current owners and the owner and creditors gets fcuk all, maybe even have the owner still liable for a penalty fee.... sell the stadium and ground to a pension fund with the club having a 100 year lease at a revenue linked affordable rate, get loads of cash in and then get the club running as a sustainable buisness before privatising it but with rules in place to stop the new owners overspending

[RG30]

Club fined £7.5k for the Port Vale abandonment, half of which is suspended until the end of this season. Written reasons can be viewed here https://www.thefa.com/news/2024/aug/27/reading-fc-sanctioned

[Armadillo Roadkill]

Club fined £7.5k for the Port Vale abandonment, half of which is suspended until the end of this season. Written reasons can be viewed here https://www.thefa.com/news/2024/aug/27/reading-fc-sanctioned

I'm surprised both that it took so long, and that the fine is so small. I don't think we can have any complaints.

[WestYorksRoyal]

Their written reasoning suggested a number of improvements the club could have considered, but missed the glaring omission of getting rid of the cnut of an owner we're all protesting against. That would substantially reduce the risk of further pitch invasions.

[Crusader Royal]

Interesting that they criticise the club for typos in some of their documentation and the ref then consistently misspells the name of our manager in his report !

[From Despair To Where?]

The club knew it was going to happen but realistically there was absolutely oxf*rd all could do to stop it so the best course of action was to let it happen and manage the situation as it evolved. I doubt the ball being kicked at the Port Vale assistant manager was intentional or targeted.

The charge is fair enough but everyone knows that the issue goes away when Dia finally fcuks off. The FA have to be seen to be sanctioning the club and I think they've made a sensible and pragmatic decision.

[WestYorksRoyal]

The club knew it was going to happen but realistically there was absolutely oxf*rd all could do to stop it so the best course of action was to let it happen and manage the situation as it evolved. I doubt the ball being kicked at the Port Vale assistant manager was intentional or targeted.

The charge is fair enough but everyone knows that the issue goes away when Dia finally fcuks off. The FA have to be seen to be sanctioning the club and I think they've made a sensible and pragmatic decision.

What can a club reasonably do to stop an invasion? If just 10% of fans run on, stewards and police have no chance.

[Forbury Lion]

The club knew it was going to happen but realistically there was absolutely oxf*rd all could do to stop it so the best course of action was to let it happen and manage the situation as it evolved. I doubt the ball being kicked at the Port Vale assistant manager was intentional or targeted.

The charge is fair enough but everyone knows that the issue goes away when Dia finally fcuks off. The FA have to be seen to be sanctioning the club and I think they've made a sensible and pragmatic decision.

What can a club reasonably do to stop an invasion? If just 10% of fans run on, stewards and police have no chance.

How about ask the FA to issue clear instructions detailing everything they should do/ what measures should be in place to avoid it, then stick 100% to that and then if it still happens, the FA can't accuse you of not doing enough.

[Snowflake Royal]

The club knew it was going to happen but realistically there was absolutely oxf*rd all could do to stop it so the best course of action was to let it happen and manage the situation as it evolved. I doubt the ball being kicked at the Port Vale assistant manager was intentional or targeted.

The charge is fair enough but everyone knows that the issue goes away when Dia finally fcuks off. The FA have to be seen to be sanctioning the club and I think they've made a sensible and pragmatic decision.

What can a club reasonably do to stop an invasion? If just 10% of fans run on, stewards and police have no chance.

How about ask the FA to issue clear instructions detailing everything they should do/ what measures should be in place to avoid it, then stick 100% to that and then if it still happens, the FA can't accuse you of not doing enough.

You've not dealt with a regulator have you.

[Armadillo Roadkill]

What can a club reasonably do to stop an invasion? If just 10% of fans run on, stewards and police have no chance.

How about ask the FA to issue clear instructions detailing everything they should do/ what measures should be in place to avoid it, then stick 100% to that and then if it still happens, the FA can't accuse you of not doing enough.

You've not dealt with a regulator have you.

I have. Ofcom. Quite a few times.

They provide high level guidelines for some things that aren't too critical to customer rights or safety. They then tend to be pretty reasonable in negotiating outcomes when there is a problem. An example might be allocation of geographic dialling codes to land lines.

Other things have very detailed regulations and rules. Like, for example, billing accuracy. Get that wrong and there's no ambiguity - you're in BIG trouble.

So Forbs's suggestion is not at all ridiculous, although I would say that enforcing ground regulations is pretty firmly the responsibility of the club, not the EFL / FA.

[The Royal Forester]

Will Dai pay the fine before, or if, he goes? But he will pocket any incoming transfer fees this week though. Leaving Couhig to pay the fine, IIF or when the deal is done.