CONFRIMED: Latest rumours Confrimed as Unconfrimed

[NathStPaul]

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

Its Brogue.

[Hound]

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

Well that’s always the problem isn’t it - don’t get told anything until they are forced to release something

[Winston Biscuit]

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".

Embarrassing for SBWD if this statement is not what people feared and there is a solution in there for us too

People losing their heads today while knowing only a fraction of what's going on

[paultheroyal]

Wycombe dont have the money, the owner does not have this money but this Georgian billionaire business acquaintance of the owner does. Surely we are a better proposition than Wycombe - maybe he is buying us. Perhaps the training ground is a quick fix buy to get money moving to settle the club, clear Dai off - and in he comes. Just a thought.

[Hound]

On top of everything else it’s another cracking bit of business by Dai

Buy for £50m 5 years ago and lose 30m on it whilst also somehow making the team worse in the meantime

How the hell did he ever become a successful businessman?

[Silver Fox]

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.

Unless they're going to make a statement saying "errr, we haven't bought another club's training ground, that would be weird"

[Hound]

Just reported on ssn now. Nothing new though

[Snowflake Royal]

On top of everything else it’s another cracking bit of business by Dai

Buy for £50m 5 years ago and lose 30m on it whilst also somehow making the team worse in the meantime

How the hell did he ever become a successful businessman?

Communist state corruption.

[Stranded]

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.

Definitely seem to be someone who knows someone, something. Only ever seem to get bad news right, so probably Pang.

With the above though, if the offer was from someone "close to Dai", then why did he not just go straight to the person they are close to?

[Stranded]

Bucks Free Press seem to be all over this and pushed out a report that a Georgian Billionaire is putting most of the money up as has entered into partnership with the club. THe sale apparently will stop the club going pop.

This week.

[rabidbee]

With the above though, if the offer was from someone "close to Dai", then why did he not just go straight to the person they are close to?

I thought that the implication was that they no longer trust Howe, and were testing him. Perhaps he thought the offer was too good to be true, and didn't pursue it.

[Snowflake Royal]

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.

Definitely seem to be someone who knows someone, something. Only ever seem to get bad news right, so probably Pang.

With the above though, if the offer was from someone "close to Dai", then why did he not just go straight to the person they are close to?

That tidbit doesn’t even really make sense. Howe didn't pass on a sale offer for everything. Dai has changed his mind and is just selling Bearwood.

If Howe didn't think it was a good prospect for a new owner, and that would fit an associate of Dai, then not passing it on wouldn’t be an error.

[jd82]

Club "statement"

Mr Dai can confirm he is in talks with Wycombe Wanderers Football Club Limited regarding the sale of Bearwood Park.

Chief Executive Dayong Pang said, "Whilst an agreement is not yet finalised, both parties will move forward with the process exclusively. The proposed transaction will directly support the short-term funding of the club until a full sale can be concluded. Further updates, including possible options for an alternative training facility, will be communicated when appropriate.”

[Esteban]

Club "statement"

Mr Dai can confirm he is in talks with Wycombe Wanderers Football Club Limited regarding the sale of Bearwood Park.

Chief Executive Dayong Pang said, "Whilst an agreement is not yet finalised, both parties will move forward with the process exclusively. The proposed transaction will directly support the short-term funding of the club until a full sale can be concluded. Further updates, including possible options for an alternative training facility, will be communicated when appropriate.”

It's the middle of March and we've got to find £1m by the end of it. That statement is hardly reassuring that we will get the short term funding we need to keep us going. And they haven't even got a firm plan in place for alternative training facilities.

Something doesn't add up.

[WestYorksRoyal]

I always thought it was sell this season or bust. What if Dai can use the proceeds to limp on as owner for another 18 months or so? What's left for him to systematically destroy?

[MouldyRoyal]

This will be spun as giving the club a lifeline as it will give us the working capital required to keep on going for a few months more.

That may (or may not) be true but it doesn't solve the long term financing issues we have and actively makes finding a new owner harder (which would solve the long term financing issues).

It is also bizarre that this transaction can be sorted so quickly when the purchase of the club as a whole (which isn't much more than the training ground in terms of assets) has taken so long.

[PieEater]

The club is nothing but a liability, with no assets except the players, most of whom leave on a free at the end of the season.

No Stadium, no car park, and now no training ground. Who's going to buy that?

[MouldyRoyal]

The club is nothing but a liability, with no assets except the players, most of whom leave on a free at the end of the season.

No Stadium, no car park, and now no training ground. Who's going to buy that?

Agreed

[WestYorksRoyal]

I get we're taking value out of the club, but does that make a sale harder? In the summer, we basically had operations of a top end Championship club in L1. You'd need to convince an owner to pay a high purchase price and underwrite large losses in the hope of promotion.

Now we are a L1 in size and name, presumably with a low price to match. A deal just became in reach for a lot more parties. And they won't be asset strippers as there's none left to strip.

[traff]

This will be spun as giving the club a lifeline as it will give us the working capital required to keep on going for a few months more.

That may (or may not) be true but it doesn't solve the long term financing issues we have and actively makes finding a new owner harder (which would solve the long term financing issues).

It is also bizarre that this transaction can be sorted so quickly when the purchase of the club as a whole (which isn't much more than the training ground in terms of assets) has taken so long.

This does sound like the death knell to me.
Every time these Tossers have issued a statement it is soon followed by negative news. Only have to compare the MO to news that comes out of Russia to see how Pang and Dai operate.
Like a professional conman, look over here, everything is fine; whilst they are robbing you blind. Dai is a total Narcissist and will genuinely believe he is doing everything right and couldn't give a shiny shit about how his actions affect anyone else.
RIP Reading FC