CONFRIMATION of the CONFIMRED

[Ten Bobsworth]

I know nowt about Bearwood but Bolton got £2.2m for the fire sale of its 'state of the art' training facility in Chorley. Bearwood might be worth a bit more but I can't see why Wycombe would pay silly money?

[Reading4eva]

Just taken a look at Wycombe's last accounts and to be honest this does not make sense if the purchase is over £20m as rumoured.

They only file accounts for a "small business", they have tangible fixed assets of £1.1m, £1.3 of long term creditors, and total equity of minus £1.5m.

Now I believe they have done a share allotment to correct the negative equity, but even so I don't see how they are funding this. As of June 2022 their bank had £8k in it.

Just a thought, may they do a deal where both clubs train at the same facility and when we can afford it Couhig not Wycombe Wanderers sells it back to us?

[Hound]

Do wonder if Mike Ashley will be back on the scene. Was Howe who said he was mainly interested in the stadium wasn’t it?

Dai sell that to him and he’s made decent money on two fairly straightforward sales. Which may be what he wants. Might happen quite quickly

[tmesis]

One consequence is that the asking price for the club must have dropped massively, but would anyone still want to buy?

There is nothing stopping a potential owner developing the training facility next to the stadium. If they managed to buy the club on the cheap you'd think they'd be room for investment in the existing stadium based training centre.

The Royal Elm Park development on that land might make that awkward

[72 bus]

One consequence is that the asking price for the club must have dropped massively, but would anyone still want to buy?

There is nothing stopping a potential owner developing the training facility next to the stadium. If they managed to buy the club on the cheap you'd think they'd be room for investment in the existing stadium based training centre.

The Royal Elm Park development on that land might make that awkward

Yes that's back on again according to the chronicle.
demolishing the stadium is probably phase two.

https://www.readingchronicle.co.uk/news ... explained/

[paultheroyal]

Apparently some fella with 2 bodyguards has just rocked up at the club. Maybe it’s a new owner or there’s a bigger plan afoot here. I guess time will tell.

someone has done excellent digging. appears they are from Begbies Traynor Group. Real Estate experts and advisors to Football Clubs.

[WestYorksRoyal]

Apparently some fella with 2 bodyguards has just rocked up at the club. Maybe it’s a new owner or there’s a bigger plan afoot here. I guess time will tell.

someone has done excellent digging. appears they are from Begbies Traynor Group. Real Estate experts and advisors to Football Clubs.

Specialists in insolvency. Big detail to overlook. Maybe some of the Bearwood proceeds will pay the administrators. Would at least keep us alive.

[donh99]

Apparently some fella with 2 bodyguards has just rocked up at the club. Maybe it’s a new owner or there’s a bigger plan afoot here. I guess time will tell.

someone has done excellent digging. appears they are from Begbies Traynor Group. Real Estate experts and advisors to Football Clubs.

Their main business is "We handle the largest number of corporate insolvency and restructuring appointments in the UK"

[Stranded]

Apparently some fella with 2 bodyguards has just rocked up at the club. Maybe it’s a new owner or there’s a bigger plan afoot here. I guess time will tell.

someone has done excellent digging. appears they are from Begbies Traynor Group. Real Estate experts and advisors to Football Clubs.

Their main business is "We handle the largest number of corporate insolvency and restructuring appointments in the UK"

Tick tock. Tick tock.

[WestYorksRoyal]

Didn't someone far more knowledgeable than me go into details why Dai can't sell assets, take the cash and then go inside administration? Basically, any creditor who didn't get their debts back in full would have been defrauded. But then insolvency doesn't make sense as the £22m is greater than the non Dai debt.

Anyhow, if administration were announced I'd be relieved. Take the 12 points now instead of in L2, and a buyer would be found for our hollow shell of a club on the cheap. Administration takes the doomsday scenario off the table. And who knows, perhaps Selles and the boys can pull off a miracle escape (not likely I know).

[Pepe the Horseman]

When the article says "Wycombe Wanderers" it may actually refer to the holding company "Feliciana EFL" that owns it, owned by Rob Couhig and family. Funding is likely to have come from a Mikhail Lomtadze, a Georgian billionaire the Couhigs have been courting to buy WWFC off them.

Lomtadze is the likely new owner of the training ground (not WWFC as @mjshrimper has claimed without any particular proof). A conspiracy theorist might see this manoeuvre as making him the only viable buyer of RFC. Couhig's sale of WWFC has seemingly been stalled recently as well

Potential plot twist, although doesn't really add up if Wycombe are due to make a statement.

[tmesis]

Apparently some fella with 2 bodyguards has just rocked up at the club. Maybe it’s a new owner or there’s a bigger plan afoot here. I guess time will tell.

someone has done excellent digging. appears they are from Begbies Traynor Group. Real Estate experts and advisors to Football Clubs.

Francis Begbie?

[tmesis]

Didn't someone far more knowledgeable than me go into details why Dai can't sell assets, take the cash and then go inside administration? Basically, any creditor who didn't get their debts back in full would have been defrauded. But then insolvency doesn't make sense as the £22m is greater than the non Dai debt.

Anyhow, if administration were announced I'd be relieved. Take the 12 points now instead of in L2, and a buyer would be found for our hollow shell of a club on the cheap. Administration takes the doomsday scenario off the table. And who knows, perhaps Selles and the boys can pull off a miracle escape (not likely I know).

Administration would only happen if Dai wanted to save the business. This looks more like liquidation.

[Snowflake Royal]

So do we think while Howe and Bowen have been busy trying to arrange a good new owner, Dai has just gone over their heads and sold Bearwood to one of the less desirable parties?

[genome]

From the chap who seems to randomly get stuff spot on

@HuangKad
Hi #readingfc fans. I am told someone close to dai put an offer to Nigel howe last month for everything ,training ground, stadium and club. Nigel did not pass this offer to dai. pang told Nigel that dai’s plans had changed and the focus was getting rid of the training ground only

[paultheroyal]

I see the Wycombe owner has liked a tweet in response to a planned protest at Wycombe by Reading fan's saying "How about you find out the facts first before arranging a protest outside another teams ground".

[paultheroyal]

From the chap who seems to randomly get stuff spot on

@HuangKad
Hi #readingfc fans. I am told someone close to dai put an offer to Nigel howe last month for everything ,training ground, stadium and club. Nigel did not pass this offer to dai. pang told Nigel that dai’s plans had changed and the focus was getting rid of the training ground only

Love to know who is behind that account. Over the years they have produced statements which have been correct or very close too. They alluded to this news i noticed 4 days ago.

[jd82]

again!

[Mid Sussex Royal]

I see the Wycombe owner has liked a tweet in response to a planned protest at Wycombe by Reading fan's saying "How about you find out the facts first before arranging a protest outside another teams ground".

I also posted something similar about waiting for the facts which was liked by the Wycombe Supporter's Club

[Hound]

From the chap who seems to randomly get stuff spot on

@HuangKad
Hi #readingfc fans. I am told someone close to dai put an offer to Nigel howe last month for everything ,training ground, stadium and club. Nigel did not pass this offer to dai. pang told Nigel that dai’s plans had changed and the focus was getting rid of the training ground only

Yeah he’s an odd one that chap. Either miles out or bizarrely itk