by Mr Angry »
14 Mar 2024 16:43
Dai has decided that there isn't anyone who is going to pay him what he wants for the Club (including the ground and training ground) and so is selling off the assets piecemeal as part of a firesale to realise some value.
This was also what he did with players in January.
Then. the idea was to fund the club so a buyer would pay him what he wanted, but as that not going to happen, selling the training ground to raise capital (for Dai, NOT the club) was the obvious next thing to do.
Some of the money realised in the sale may go to the club, but don't bet on it; this has all the hallmarks on someone about to do a runner and cashing up what they can before they get out of Dodge.
As I said before, RFC is worth £1.
So if you can find someone willing to pay Dai for the lease of the Stadium, pay off the debts and go back to Sonning as a training ground, there might be a path to the club being sold.
If not, then for the first time in thius sorry saga, I genuinely believe that there will be no Reading FC by the start of the 2024/25 season.
Here is one idea from left field; can the Council not put a compulsory purchase order on the Stadium, and in effect, seize it as a Community Asset??