CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Snowflake Royal]

I doubt the EFL have massively tight rules on that and as long as they are only paying fair market value then I don't see it being an issue - they have already bailed the club out on a few occasions. Plus if they were to say only own 15% of the club then they wouldn't need to pass any EFL tests that may flag it as a conflict.

But I don't see how it would be any different than Mike Ashley owning Newcastle and them playing at the Sports Direct stadium.

A local consortium would likely be the dream way out of this shit. A group containing, Smee, SJM, SCL and any other locally successful businessmen would be fantastic - even if just to stabilise the club before a future sale to someone with deeper pockets, who knows what they are doing.

Yeah this.

So who do we reckon is involved. Smee, SCL lot, Madejski... any former pros/staff? Any other local looney rich folk? Whatisface off WWTBAM?

Doubt Smee AND SJM would be involved.
Smee won’t be paying £30 million to anyone so he’d need money from elsewhere.
He’s definitely interested in getting involved and he’d come in to get the club back on a sensible/sustainable footing rather than promise glory and the PL.
There are loads of extremely wealthy people in the Thames Valley and SJM had no connection to the club before he took over so it wouldn’t necessarily need someone who is a fan.

I don't see SJM as a leading figure, but I'd be shocked if he didn't contribute to a local rescue package.

[Crusader Royal]

Yeah this.

So who do we reckon is involved. Smee, SCL lot, Madejski... any former pros/staff? Any other local looney rich folk? Whatisface off WWTBAM?

Doubt Smee AND SJM would be involved.
Smee won’t be paying £30 million to anyone so he’d need money from elsewhere.
He’s definitely interested in getting involved and he’d come in to get the club back on a sensible/sustainable footing rather than promise glory and the PL.
There are loads of extremely wealthy people in the Thames Valley and SJM had no connection to the club before he took over so it wouldn’t necessarily need someone who is a fan.

I don't see SJM as a leading figure, but I'd be shocked if he didn't contribute to a local rescue package.

I didn’t say he wouldn’t

[Clyde1998]

Doubt Smee AND SJM would be involved.
Smee won’t be paying £30 million to anyone so he’d need money from elsewhere.
He’s definitely interested in getting involved and he’d come in to get the club back on a sensible/sustainable footing rather than promise glory and the PL.
There are loads of extremely wealthy people in the Thames Valley and SJM had no connection to the club before he took over so it wouldn’t necessarily need someone who is a fan.

I don't see SJM as a leading figure, but I'd be shocked if he didn't contribute to a local rescue package.

I didn’t say he wouldn’t

I'm not sure how much money he has left for this sort of thing tbh.

[Crusader Royal]

I don't see SJM as a leading figure, but I'd be shocked if he didn't contribute to a local rescue package.

I didn’t say he wouldn’t

I'm not sure how much money he has left for this sort of thing tbh.

Smee or SJM would contribute credibility more than cash but has anyone ever seen them in the same room ? Just don’t think they would appear on the same ticket.

[Snowflake Royal]

Doubt Smee AND SJM would be involved.

I didn’t say he wouldn’t

In fact, you literally did.

[blythspartan]

oxf*rd me I’ve lost it, I can’t even post on the right thread anymore.

[Lydia Dustbin]

yes

[Brogue]

oxf*rd me I’ve lost it, I can’t even post on the right thread anymore.

I’ve moved it for you

[Crusader Royal]

Doubt Smee AND SJM would be involved.

I didn’t say he wouldn’t

In fact, you literally did.

Didn’t I say I didn’t think that BOTH would be involved. One or the other, but not both.
Apologies if that was unclear.

[blythspartan]

oxf*rd me I’ve lost it, I can’t even post on the right thread anymore.

I’ve moved it for you

Cheers

[Mid Sussex Royal]

Smee bid rejected by Dai last week (i newspaper) can't link it as its fee paying on line

[Brogue]

From the bbc

Former Reading chairman Roger Smee has said that his attempt to buy the club has been rejected.
In a statement he said he was disappointed at how news of his efforts to buy the League One club had been leaked to the media.
Smee became chairman of Reading in July of 1983 and during that time helped the club to reach Wembley for the first time, as well as achieving promotions from the fourth and third division.
"After many months of diligently preparing a structured and connected bid in alliance with many of the town's key local stakeholders, I'm disappointed that news of my bid has been leaked to the media." Smee said.
"I am respectful of the owner and the sale process and wanted my interest to remain private.
"In response to these claims in the media I reluctantly feel I have to comment, I confirm that my team submitted a carefully considered bid last week. I believe it was firmly competitive with previous proposals that had been entertained and publicly granted exclusivity.
"At this stage I am not prepare to divulge the details of the bid, once again in respect to the owners, the ongoing process and their dedicated fans.
"I confirm the motivation for my interest is solely the future for Reading Football Club, ensuring it continues to play at the highest level and playing an integral role in the town's sporting and cultural community.
"Disappointingly, after more than a year with a full working team with no public leakage of our efforts, these efforts have appeared in the press.
"This is not what I wanted and it helps no one, I am equally sad to tell you my bid has been rejected."
An attempt by former Wycombe owner Rob Couhig to buy the Royals from Dai Yongge also fell through in September.
The BBC approached Reading for a comment on Smee's bid, but the club declined.

[Stranded]

So either there is a better bid on the table i.e. the one supposedly in Exclusivity, the bid was very low, or Dai just can't be arsed to sell.

[Armadillo Roadkill]

From the bbc

Former Reading chairman Roger Smee has said that his attempt to buy the club has been rejected.
In a statement he said he was disappointed at how news of his efforts to buy the League One club had been leaked to the media.
Smee became chairman of Reading in July of 1983 and during that time helped the club to reach Wembley for the first time, as well as achieving promotions from the fourth and third division.
"After many months of diligently preparing a structured and connected bid in alliance with many of the town's key local stakeholders, I'm disappointed that news of my bid has been leaked to the media." Smee said.
"I am respectful of the owner and the sale process and wanted my interest to remain private.
"In response to these claims in the media I reluctantly feel I have to comment, I confirm that my team submitted a carefully considered bid last week. I believe it was firmly competitive with previous proposals that had been entertained and publicly granted exclusivity.
"At this stage I am not prepare to divulge the details of the bid, once again in respect to the owners, the ongoing process and their dedicated fans.
"I confirm the motivation for my interest is solely the future for Reading Football Club, ensuring it continues to play at the highest level and playing an integral role in the town's sporting and cultural community.
"Disappointingly, after more than a year with a full working team with no public leakage of our efforts, these efforts have appeared in the press.
"This is not what I wanted and it helps no one, I am equally sad to tell you my bid has been rejected."
An attempt by former Wycombe owner Rob Couhig to buy the Royals from Dai Yongge also fell through in September.
The BBC approached Reading for a comment on Smee's bid, but the club declined.

If a bid was submitted last week, then I guess it fell foul of what "exclusivity" means.

[Brogue]

From the bbc

Former Reading chairman Roger Smee has said that his attempt to buy the club has been rejected.
In a statement he said he was disappointed at how news of his efforts to buy the League One club had been leaked to the media.
Smee became chairman of Reading in July of 1983 and during that time helped the club to reach Wembley for the first time, as well as achieving promotions from the fourth and third division.
"After many months of diligently preparing a structured and connected bid in alliance with many of the town's key local stakeholders, I'm disappointed that news of my bid has been leaked to the media." Smee said.
"I am respectful of the owner and the sale process and wanted my interest to remain private.
"In response to these claims in the media I reluctantly feel I have to comment, I confirm that my team submitted a carefully considered bid last week. I believe it was firmly competitive with previous proposals that had been entertained and publicly granted exclusivity.
"At this stage I am not prepare to divulge the details of the bid, once again in respect to the owners, the ongoing process and their dedicated fans.
"I confirm the motivation for my interest is solely the future for Reading Football Club, ensuring it continues to play at the highest level and playing an integral role in the town's sporting and cultural community.
"Disappointingly, after more than a year with a full working team with no public leakage of our efforts, these efforts have appeared in the press.
"This is not what I wanted and it helps no one, I am equally sad to tell you my bid has been rejected."
An attempt by former Wycombe owner Rob Couhig to buy the Royals from Dai Yongge also fell through in September.
The BBC approached Reading for a comment on Smee's bid, but the club declined.

If a bid was submitted last week, then I guess it fell foul of what "exclusivity" means.

well it could be the exact opposite. Just because we are in exclusivity Who know if we actually are) it doesnt stop people putting bids in. Perhaps it was declined for that very reason. that we are in exclusivity with some one else. Who knows if this one falls through dai to could go back to smee and say ok lets look at this again

[windermereROYAL]

I give up, it`s exhausting.

[Armadillo Roadkill]

From the bbc

If a bid was submitted last week, then I guess it fell foul of what "exclusivity" means.

well it could be the exact opposite. Just because we are in exclusivity Who know if we actually are) it doesnt stop people putting bids in. Perhaps it was declined for that very reason. that we are in exclusivity with some one else. Who knows if this one falls through dai to could go back to smee and say ok lets look at this again

Exclusivity can't prevent people putting bids in, but I does prevent them being accepted, or even discussed.

Whoever the current party is that's in exclusivity, if it were to fall through, then Smee and his group may well have another go. And although we know nothing about the group in current discussions, nor the details of Smee's bid and how much backing he has, instinctively it feels like he would be the best possible owner to stabilise the club and build for the future.

[Hound]

Frustrating, but having people wanting to buy the club has never been the issue

[Mid Sussex Royal]

Smee didn't give up in 1983 as several bids to buy a majority interest in the club were rejected....lets wait and see what happens with this phantom buyer

[stealthpapes]

Hello. No. My name is Yai Dongge