Madejski comments on club ownership

[Ian Royal]

Or unless of course he was aware of the bid for Hobbs and was referring to that without knowing too much about the deal or its likely success.

[Uke]

Unless of course that was his intention at the time but things have changed as the negotiations have moved on.

^^^ this is the most likely scenario


He may well have been given assurances from TSI again, but these were pulled because AZ's baby needed it's milk bottle warming at 3 am and he was a bit grumpy as grandad refused get up and feed both the babies in his family

[Lacoste]

SJM has cocked up here, he was expecting takeover to happen well in time for funds to be made available and thus broadcast this to the fans.

I still do not see why he can't put his money where is mouth is and front a spending spree and get new owners to pay it back as part of the takeover. Gives us more chance of going up and gives NA some funds which i am sure he was promised when he joined

Thought you were a retard, you've just confirmed it.

[KC Royal]

I guess that Sir John was taken in by Anton, TSI etc, but then again wern't we all ? He does seem to get constantly dug at for not throwing his money at the club, for a man who has overseen us climb from the lower leagues to where we are now, he has been outstanding in his commitment to the club. No doubt that this time round he will make doubly sure that the prospective purchasers are totally genuine in their interest in the club and not just some here today gone tomorrow fly boy.

^^^^^^^

For all his faults (egomaniac, sound bite central etc) I believe SJM will stand as one of the greatest football club chairmen ever. From where we were to where we are pretty much leaving his managers to manage and his back room staff to manage the manager.
I am now feeling a bit sorry for the old duffer though, he wants out but still has the club at heart.

2 good posts, I've felt sorry for him since that Rich Man, Poor Man documentary in 2009. It was clear from that that he was hit badly by the double whammy of relegation and the recession. It's a shame that people couldn't acknowledge that,as despite hoping that people would lay off the guy it didn't stop him getting criticised at the time.

I also think that the 7-1 win last week is quite significant in all this... If we were in worse shape and had more injuries, say to ALF or Pog for example then things might be different. There's still always the loan window as well. Plus, Baird isn't going anywhere until he gets himself fit (I'll be disappointed if he joins anyone else before the window having said this). He's already broken down twice and was meant to be back by now? Given that, i'm sure the club would rather wait until he proves his fitness before offering him a contract.

And worst case scenario is that U21s like Jake Taylor and Ugwu get more game time. Bringing them in to a side in form would be an ideal opportunity to play them.

[sandman]

SJM has cocked up here, he was expecting takeover to happen well in time for funds to be made available and thus broadcast this to the fans.

I still do not see why he can't put his money where is mouth is and front a spending spree and get new owners to pay it back as part of the takeover. Gives us more chance of going up and gives NA some funds which i am sure he was promised when he joined

Something tells me that the part in bold is a common occurrence.

[loyalroyal4life]

SJM has cocked up here, he was expecting takeover to happen well in time for funds to be made available and thus broadcast this to the fans.

I still do not see why he can't put his money where is mouth is and front a spending spree and get new owners to pay it back as part of the takeover. Gives us more chance of going up and gives NA some funds which i am sure he was promised when he joined

Thought you were a retard, you've just confirmed it.

Hi Lacoste

[RoyalBlue]

SJM has cocked up here, he was expecting takeover to happen well in time for funds to be made available and thus broadcast this to the fans.

I still do not see why he can't put his money where is mouth is and front a spending spree and get new owners to pay it back as part of the takeover. Gives us more chance of going up and gives NA some funds which i am sure he was promised when he joined

Thought you were a retard, you've just confirmed it.

None so blind as those who still cannot see that the Emperor that they adore has no clothes.

Cannot see how anyone can defend him after he made such clear statements about funding less than a month ago. He is either dishonest, stupid or both!

I guess that Sir John was taken in by Anton, TSI etc, but then again wern't we all ? He does seem to get constantly dug at for not throwing his money at the club, for a man who has overseen us climb from the lower leagues to where we are now, he has been outstanding in his commitment to the club. No doubt that this time round he will make doubly sure that the prospective purchasers are totally genuine in their interest in the club and not just some here today gone tomorrow fly boy.

^^^^^^^

For all his faults (egomaniac, sound bite central etc) I believe SJM will stand as one of the greatest football club chairmen ever. From where we were to where we are pretty much leaving his managers to manage and his back room staff to manage the manager.
I am now feeling a bit sorry for the old duffer though, he wants out but still has the club at heart.

2 good posts, I've felt sorry for him since that Rich Man, Poor Man documentary in 2009. It was clear from that that he was hit badly by the double whammy of relegation and the recession. It's a shame that people couldn't acknowledge that,as despite hoping that people would lay off the guy it didn't stop him getting criticised at the time.

My heart bled for the poor old sod, down to his last X Million whilst all of us supporters had money to burn on supporting our club.

[peterroyal76]

I agree it doesn't look good, but there is still a week to go.

[KC Royal]

SJM has cocked up here, he was expecting takeover to happen well in time for funds to be made available and thus broadcast this to the fans.

I still do not see why he can't put his money where is mouth is and front a spending spree and get new owners to pay it back as part of the takeover. Gives us more chance of going up and gives NA some funds which i am sure he was promised when he joined

Thought you were a retard, you've just confirmed it.

None so blind as those who still cannot see that the Emperor that they adore has no clothes.

Cannot see how anyone can defend him after he made such clear statements about funding less than a month ago. He is either dishonest, stupid or both!

I guess that Sir John was taken in by Anton, TSI etc, but then again wern't we all ? He does seem to get constantly dug at for not throwing his money at the club, for a man who has overseen us climb from the lower leagues to where we are now, he has been outstanding in his commitment to the club. No doubt that this time round he will make doubly sure that the prospective purchasers are totally genuine in their interest in the club and not just some here today gone tomorrow fly boy.

^^^^^^^

For all his faults (egomaniac, sound bite central etc) I believe SJM will stand as one of the greatest football club chairmen ever. From where we were to where we are pretty much leaving his managers to manage and his back room staff to manage the manager.
I am now feeling a bit sorry for the old duffer though, he wants out but still has the club at heart.

2 good posts, I've felt sorry for him since that Rich Man, Poor Man documentary in 2009. It was clear from that that he was hit badly by the double whammy of relegation and the recession. It's a shame that people couldn't acknowledge that,as despite hoping that people would lay off the guy it didn't stop him getting criticised at the time.

My heart bled for the poor old sod, down to his last X Million whilst all of us supporters had money to burn on supporting our club.

Your constant criticism over many years gets rather tiresome after a while.
Would you rather we rushed into a deal and it later went wrong, or took our time getting the right deal for the club?
Although I guess it doesn't really matter, you'll still find something to moan about...

[loyalroyal4life]

Your constant criticism over many years gets rather tiresome after a while.
Would you rather we rushed into a deal and it later went wrong, or took our time getting the right deal for the club?
Although I guess it doesn't really matter, you'll still find something to moan about..

I agree totally, no point in rushing a takeover and have another shocker on SJM CV. I recommend he takes his time and club do proper DD on this one.

In meantime what is the harm in a short term loan either from SJM direct or raise it via financial institutions!! The club keeps banging on about quicker we get to prem the better, so would they rather wait until next season and hope we pull off a miracle then or give ourselves a chance to cement a playoff place and hope the lottery gods put us through that way

[Uke]

Your constant criticism over many years gets rather tiresome after a while.
Would you rather we rushed into a deal and it later went wrong, or took our time getting the right deal for the club?
Although I guess it doesn't really matter, you'll still find something to moan about..

I agree totally, no point in rushing a takeover and have another shocker on SJM CV. I recommend he takes his time and club do proper DD on this one.

In meantime what is the harm in a short term loan either from SJM direct or raise it via financial institutions!! The club keeps banging on about quicker we get to prem the better, so would they rather wait until next season and hope we pull off a miracle then or give ourselves a chance to cement a playoff place and hope the lottery gods put us through that way

They want to return quickly, but that does not necessarily mean immediately

Given that the only opportunity to return is ever summer, that could mean 2015 or even 2016 is the target.

[WoodleyRoyal]

newsflash spending doesn't guarantee promotion, why should he pump more of his money into the football club, the club is run as a business.When will people understand this isn't a toy to him, like chelsea and man city are to their owners

[Uke]

newsflash spending doesn't guarantee promotion, why should he pump more of his money into the football club, the club is run as a business.When will people understand this isn't a toy to him, like chelsea and man city are to their owners

Or our current majority shareholder

[loyalroyal4life]

newsflash spending doesn't guarantee promotion, why should he pump more of his money into the football club, the club is run as a business.When will people understand this isn't a toy to him, like chelsea and man city are to their owners

Yep the same toy he handed over to someone who has not even lasted a year in ownership!!! Does not really bode well to the club being run as a 'business'.

Rule number 1 : Do your DD

[WoodleyRoyal]

sigh I'm sure he did as much dd as he could, but peoples circumstances change for whatever reason anton wants out. Dd cannot account for all circumstances no matter how hard you dig. JM sold with the best intentions, shit happened, someone else comes in, get over it that's business its no-ones fault its....business.

[loyalroyaldaz]

Cant wait to see what the hook is this year on our season ticket renewal letters.

[RoyalBlue]

sigh I'm sure he did as much dd as he could, but peoples circumstances change for whatever reason anton wants out. Dd cannot account for all circumstances no matter how hard you dig. JM sold with the best intentions, shit happened, someone else comes in, get over it that's business its no-ones fault its....business.

I'm not at all convinced that he did as much due diligence as he could. If he did, then he should be firing/suing his sale-side advisors and legal team for doing such a poor job. Who the hell drew up a sale agreement that allowed AZ to default on the second part of the purchase? If due diligence showed that AZ had the funds available, then the deal should have been drawn up so that he couldn't get out of making the second payment. Unless, of course, that payment was conditional upon something that we have not been told about and which has not been forthcoming.

As for best intentions, surely JM's prime driver was to sell the club and get his money so perhaps that obscured his vision somewhat.

[Uke]

sigh I'm sure he did as much dd as he could, but peoples circumstances change for whatever reason anton wants out. Dd cannot account for all circumstances no matter how hard you dig. JM sold with the best intentions, shit happened, someone else comes in, get over it that's business its no-ones fault its....business.

I'm not at all convinced that he did as much due diligence as he could. If he did, then he should be firing/suing his sale-side advisors and legal team for doing such a poor job. Who the hell drew up a sale agreement that allowed AZ to default on the second part of the purchase? If due diligence showed that AZ had the funds available, then the deal should have been drawn up so that he couldn't get out of making the second payment. Unless, of course, that payment was conditional upon something that we have not been told about and which has not been forthcoming.

As for best intentions, surely JM's prime driver was to sell the club and get his money so perhaps that obscured his vision somewhat.

How can you ensure someone doesn't default?

If you put in a clause saying ownership reverts to you, no one would sign it and nothing would happen at all.

[Royal Rother]

It beggars belief.

[Uke]

Rule number 1 : Do your DD

Rule number 2 : You can only do DD on what you are shown