by Stranded »
14 Jun 2023 08:07
genome @Smudgersport 18m
I've heard from several sources now that the #readingfc hierarchy has disappeared without trace and Dai Yongge is looking to sell... which is holding up Wilder's appointment and may even scupper it. Hoping there's a grand masterplan behind it all, but I doubt it.
Okay then...
Well if that's true - and it certainly fits what we are or aren't seeing from the club at the mo then we are essentially in a form of end game under this ownership - leaves 3 definitive paths open as I see it (could well be more) but
1. There is concrete interest in buying from US/Middle East and the club will be sold quickly - Dai will recieve pennies in the pound on his debt and the club ends up in a much better place financially with new, hopefully better, owners.
2. Dai actively tries to sell but no bites, he continues to fund the club at the bare minimum - manager appointment will be underwhelming and probably internal and squad development will be close to non-existant - essentially we will go in to the season with what we have and maybe a few additional free agents.
3. Dai stops funding - wages aren't paid and the club are left with no choice but to go into admin - minimum 12 pts off, more if wages aren't paid - then all bets are off. Club likely gets bought out at some point as someone sees a bargain but another relegation is likely before things even begin to stabilise. If wages aren't paid for a month then all those left under contract can walk.
I'd be surprised by 3 at this point as Dai would want as much money back as he can get and going to admin makes that unlikely.
Of course, this could all be untrue or off the mark and things improve once Bowen returns from leave - naturally if nothing moves between now and the end of the month/first few days of July latest - then what has to come to date will just look like a walk in the park compared to what is about to happen.