Thames Sports Investment

[Friday's Legacy]

Numbers wrong I hope

http://www.dailymail.co.uk/sport/footba ... eover.html

On phone so can't quote but £25m for the whole deal?

Nope, reckon that's probably right you need to remember that the club owes SJM £28M or thereabouts in his chairmans loans. So they're buying a club for £25M but also inheriting £28M in debt (I assume a big chunk of which, if not all of it, will be paid back to SJM). That effectively values the total assets of the club at a bit over £50M, which probably isn't too far wide of the mark...

The only owner of a football club to ask for his investment in the club back. What a businessman!

How many of them just give their money away?

[melonhead]

whelan,abramovich,jack walker.thats it.terrible post

[Ian Royal]

whelan,abramovich,jack walker.thats it.terrible post

Abramovich & Whelan are poor examples, they've not sold and aren't in the process of doing so, there's no telling what they'll do if the time comes.

[Friday's Legacy]

whelan,abramovich,jack walker.thats it.terrible post

John Madejski is a businessman who runs this club as close to a profit as possible. More so than 98% of clubs in the Football League.

You cannot compare with Abramovich who does not run Chelsea as a profiting business. For him it is an expensive toy he likes to throw money at in the hope of winning that elusive European Cup. They may both be businessmen outside of football, but they do not compare with how they run their respective football clubs.

[Pseud O'Nym]

Ambramovich hasn't given anything away see this article http://www.guardian.co.uk/football/2010/may/19/roman-abramovich-chelsea-loan-debt

[RoyalBlue]

Nope, reckon that's probably right you need to remember that the club owes SJM £28M or thereabouts in his chairmans loans. So they're buying a club for £25M but also inheriting £28M in debt (I assume a big chunk of which, if not all of it, will be paid back to SJM). That effectively values the total assets of the club at a bit over £50M, which probably isn't too far wide of the mark...

The only owner of a football club to ask for his investment in the club back. What a businessman!

How many of them just give their money away?

But how many spend years claiming to be doing it out of the goodness of their hearts and berating the local community for not supporting their club only to behave somewhat differently later?

[Mr Angry]

whelan,abramovich,jack walker.thats it.terrible post

John Madejski is a businessman who runs this club as close to a profit as possible. More so than 98% of clubs in the Football League.

You cannot compare with Abramovich who does not run Chelsea as a profiting business. For him it is an expensive toy he likes to throw money at in the hope of winning that elusive European Cup. They may both be businessmen outside of football, but they do not compare with how they run their respective football clubs.

Absolutely 100% spot on.

If we fail to get promoted, the level of investment we get from TSI will obviously be less than if we get into the Premier League; but either way, I can't imagine that the level of investment will be fantasy football stuff - don't have any expectations of buying £10M strikers for example. But, I can see the investment being enough to make us competitive in whichever League we are in - if its the Championship, it will be enough for us to be a serious contender for automatic next season; if its the Premier League, then it will, hopefully, be enough to mean that we won't be a bottom 3 club come May 2013.

[Cypry]

But how many spend years claiming to be doing it out of the goodness of their hearts and berating the local community for not supporting their club only to behave somewhat differently later?

Not sure how you work that out - SJM has sunk millions in over his 20 year tenure that he'll never see again - the current LANs are all at a rate below what we'd get from the banks, he'd get a much better return elsewhere. The fact that a proportion of his cash is in current loans doesn't take into account the millions in previous loans that he's already converted to shares. He has been a fantastic benefactor for the club over the years, and has been instrumental in building a club that he can be truly proud of (and so should wider Reading) - the fact that he's found someone with deeper pockets than he has is great news for he club, and I for one do not begrudge for one minute that he will receive a proportion of the money he has put into the club (with no guarantee that he'd see any of it again) in return.

[Royal Rother]

The only owner of a football club to ask for his investment in the club back. What a businessman!

How many of them just give their money away?

But how many spend years claiming to be doing it out of the goodness of their hearts and berating the local community for not supporting their club only to behave somewhat differently later?

Fool.

He has been entirely consistent about his aims and ambitions for the club over the last decade or more.

Idiots like you who think they've had the wool pulled over their eyes because he wants the interest free loans repaid to him on sale of the business make me want to puke.

Terribly terribly naive or thick as shit are the only excuses available.

[Ian Royal]

The only owner of a football club to ask for his investment in the club back. What a businessman!

How many of them just give their money away?

But how many spend years claiming to be doing it out of the goodness of their hearts and berating the local community for not supporting their club only to behave somewhat differently later?

None, including Madejski.

[Arnie_Pie]

Maybe old news but still a new report nonetheless - http://www.bbc.co.uk/sport/0/football/17664456

[philM]

Maybe old news but still a new report nonetheless - http://www.bbc.co.uk/sport/0/football/17664456

"Not like drunken sailors" is the new "cutting the cloth"

[Friday's Legacy]

Maybe old news but still a new report nonetheless - http://www.bbc.co.uk/sport/0/football/17664456

Much the same article the the Daily Mail ran a couple of days ago. Samuelson thinks it will be done and dusted in "a week or two".

[RoyalBlue]

How many of them just give their money away?

But how many spend years claiming to be doing it out of the goodness of their hearts and berating the local community for not supporting their club only to behave somewhat differently later?

None, including Madejski.

Selective memory or just senility? Suggest you get yourself down to the BBCRB archives. Shouldn't take you long to find the soundbites - he was coming out with them on a weekly basis for quite some time.

[Ian Royal]

And I trust your interpretation of whatever he said about as much as I trust Ghengis Khan to be able to save my life if I fall off a yacht in the middle of the Atlantic.

[Barry the bird boggler]

Needs to be done before the end of the season so that everything is ready to go asap to start talking to both existing out of contract and new players about next season.

[Royal Rother]

God yes, if not done before the end of the season advance planning will be a bloody nightmare for BM.

[Friday's Legacy]

God yes, if not done before the end of the season advance planning will be a bloody nightmare for BM.

Advance planning has been in place for some months already. You always work months in advance. One list for players we would be interested in if we went up and another for players we would like if we stayed down.

Chris Samuelson hopes the deal with be completed within a week or two as of the end of last week. The delay will not affect us in any way.

[Royal Rother]

Cool. But I was more thinking of the scenario where we get promoted but the deal not concluded until June / July.

[Hoop Blah]

Planning may well be in place, but as said, it would be a nightmare scenario if it wasn't sorted before the end of the season. Having lists and targets for various outcomes is one thing, being able to release players and make bids at the right time depending on those scenario's is another.

I don't doubt this will go through in good time, but if for some reason it wasn't then McDermotts job would be made a lot more complicated.