TAKEOVER *NOT* CONFIMRED

[Royalwaster]

When did they ask you to post this, hopefully not 6 weeks ago?

https://x.com/STARReading/status/1795815747920212164

We are in a tough position. Discretion is essential at this stage of negotiations, but we also know Reading fans are anxious for updates. This is being made worse by false reporting and inaccurate rumour-mongering.

We have spoken to Nigel and he has assured us that he is still working on a deal and as soon as there is something to share it will be shared. Put bluntly, there is not yet good news, but - contrary to online speculation - no bad news either. Talks are ongoing.

We know how desperate we all are for this situation to be over and for everyone to have some clarity going forward.

Can we all now accept the above and just wait? If it doesn't come from an official source it's likely rubbish. Some unknown on twitter is, surprisingly, not an official source.

The bed wetters will never accept it.

[Crusader Royal]

If there is bad news coming, I would expect it to be announced early next week - after the deadline for season ticket renewals. I certainly wouldn't let anything Howe says dissuade me from that view

If Chiron had pulled out why would they care about waiting until after the deadline to announce it ?

[Franchise FC]

If there is bad news coming, I would expect it to be announced early next week - after the deadline for season ticket renewals. I certainly wouldn't let anything Howe says dissuade me from that view

If Chiron had pulled out why would they care about waiting until after the deadline to announce it ?

I really don’t want to fuel to any dread fire, but if they’re under an NDA during exclusivity they might not have that option

[Snowflake Royal]

https://x.com/STARReading/status/1795815747920212164

We are in a tough position. Discretion is essential at this stage of negotiations, but we also know Reading fans are anxious for updates. This is being made worse by false reporting and inaccurate rumour-mongering.

We have spoken to Nigel and he has assured us that he is still working on a deal and as soon as there is something to share it will be shared. Put bluntly, there is not yet good news, but - contrary to online speculation - no bad news either. Talks are ongoing.

We know how desperate we all are for this situation to be over and for everyone to have some clarity going forward.

Can we all now accept the above and just wait? If it doesn't come from an official source it's likely rubbish. Some unknown on twitter is, surprisingly, not an official source.

The bed wetters will never accept it.

This is the default position of anyone with a lick of sense anyway.

[PieEater]

I've had a reminder to renew my season ticket, probably to help pay the wage bill. Presumably there's a few million pounds from the ST sales that could fall on either side of the deal, is Dai stalling until the deadline?

[Stranded]

If there is bad news coming, I would expect it to be announced early next week - after the deadline for season ticket renewals. I certainly wouldn't let anything Howe says dissuade me from that view

If Chiron had pulled out why would they care about waiting until after the deadline to announce it ?

I really don’t want to fuel to any dread fire, but if they’re under an NDA during exclusivity they might not have that option

If they have pulled out of any agreement then the NDA ceases to hold weight - it will be for the length of the process. If the process "is complete" they can say what the hell they like.

[Franchise FC]

If Chiron had pulled out why would they care about waiting until after the deadline to announce it ?

I really don’t want to fuel to any dread fire, but if they’re under an NDA during exclusivity they might not have that option

If they have pulled out of any agreement then the NDA ceases to hold weight - it will be for the length of the process. If the process "is complete" they can say what the hell they like.

NDA’s are incident specific, so potentially could have any clause they like.
For example, the loans made so far could be said to become voidable if the purchaser blabs
If the NDA says they can’t say anything ever, then they can’t say what they like … ever

[Stranded]

I really don’t want to fuel to any dread fire, but if they’re under an NDA during exclusivity they might not have that option

If they have pulled out of any agreement then the NDA ceases to hold weight - it will be for the length of the process. If the process "is complete" they can say what the hell they like.

NDA’s are incident specific, so potentially could have any clause they like.
For example, the loans made so far could be said to become voidable if the purchaser blabs
If the NDA says they can’t say anything ever, then they can’t say what they like … ever

In that case then, we are very unlikely to hear anything from either side on anything until it completes, or someone else completes, or we go bust.

[Silver Fox]

I've had a reminder to renew my season ticket, probably to help pay the wage bill. Presumably there's a few million pounds from the ST sales that could fall on either side of the deal, is Dai stalling until the deadline?

I was mildly intrigued by the wording on the email, particularly "one thing that you can rely on is the Royals will be lining up in August ready for another action packed campaign"

All the activity definitely gives me a feeling that they're confident stability is around the corner, maybe misplaced but who knows eh? Nobody on here that's for sure

[PieEater]

I've had a reminder to renew my season ticket, probably to help pay the wage bill. Presumably there's a few million pounds from the ST sales that could fall on either side of the deal, is Dai stalling until the deadline?

I was mildly intrigued by the wording on the email, particularly "one thing that you can rely on is the Royals will be lining up in August ready for another action packed campaign"

All the activity definitely gives me a feeling that they're confident stability is around the corner, maybe misplaced but who knows eh? Nobody on here that's for sure

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

[Greatwesternline]

I've had a reminder to renew my season ticket, probably to help pay the wage bill. Presumably there's a few million pounds from the ST sales that could fall on either side of the deal, is Dai stalling until the deadline?

I was mildly intrigued by the wording on the email, particularly "one thing that you can rely on is the Royals will be lining up in August ready for another action packed campaign"

All the activity definitely gives me a feeling that they're confident stability is around the corner, maybe misplaced but who knows eh? Nobody on here that's for sure

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

[Snowflake Royal]

I was mildly intrigued by the wording on the email, particularly "one thing that you can rely on is the Royals will be lining up in August ready for another action packed campaign"

All the activity definitely gives me a feeling that they're confident stability is around the corner, maybe misplaced but who knows eh? Nobody on here that's for sure

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

I've always just paid in full up front by debit. I don’t have a credit card any more.

[WestYorksRoyal]

Players and staff paid in full today (Earnshaw reporting, I'm not ITK). Suggests Chiron still happy paying the bills which can only be positive.

[Clyde1998]

I was mildly intrigued by the wording on the email, particularly "one thing that you can rely on is the Royals will be lining up in August ready for another action packed campaign"

All the activity definitely gives me a feeling that they're confident stability is around the corner, maybe misplaced but who knows eh? Nobody on here that's for sure

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

That implies people have credit cards. Around 64% of adults have at least one credit card in the UK - leaving 36% without one. The age breakdown is such that younger people are significantly less likely to have one than a middle-aged adult as well.

[72 bus]

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

That implies people have credit cards. Around 64% of adults have at least one credit card in the UK - leaving 36% without one. The age breakdown is such that younger people are significantly less likely to have one than a middle-aged adult as well.

So the majority have credit cards then.
Debit cards are for mugs, a cash back credit card makes more sense and is magnitudes safer.

[Zammo]

The subject line of the RFC season ticket email received yesterday was this....

Zammo, putting aside the 'ELEPHANT' in the room...

.....actual lol.

I'm holding off to renewal date deadline day at the latest.

[Greatwesternline]

I'm sure lots of people are holding off in case it all goes tits up, I'm not that confident the Royals will be lining up in August if Dai is still in charge and they would say that anyway wouldn't they? I mean the marketing dept wouldn't send out a reminder to get your ST caveated by administration/oblivion if we don't sell!

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

That implies people have credit cards. Around 64% of adults have at least one credit card in the UK - leaving 36% without one. The age breakdown is such that younger people are significantly less likely to have one than a middle-aged adult as well.

Buying anything worth more than £100 on debit card is stupid. If it never turns up, or the company goes bust, a credit card company just gives you the money back no questions asked.

Martin Lewis' very existence clearly still passing millions by.

[Franchise FC]

If they have pulled out of any agreement then the NDA ceases to hold weight - it will be for the length of the process. If the process "is complete" they can say what the hell they like.

NDA’s are incident specific, so potentially could have any clause they like.
For example, the loans made so far could be said to become voidable if the purchaser blabs
If the NDA says they can’t say anything ever, then they can’t say what they like … ever

In that case then, we are very unlikely to hear anything from either side on anything until it completes, or someone else completes, or we go bust.

Don’t get me wrong I am most definitely NOT ITK
All I’m saying is we don’t have a clue what the NDA says, or even if one exists (although I think we’d all be very surprised if it didn’t)

[Forbury Lion]

The Olise things is rumours.

I would assume if a player has a buy out clause which is fully met it nullifies the existing contract and would leave the buying club free to negotiate from scratch.

I guess it depends what the actual contract said.

On this weeks That Peter Crouch podcast, they were covering contracts and Steve Sidwell has some of his there including a Reading one, They told the story of someone whose contract has a line about letting them talk to clubs who made a bit of £1m*, so the club let him speak to them then said we're not selling you for less than £5m* so the transfer never happened as the contract only stated they would let the player speak to those clubs, not that they had to sell for £1m*

*Can't remember the exact numbers quoted, but was along these lines

[Forbury Lion]

Surely people would be buying on a credit card and would therefore simply claim the money back from the credit card company if the club folded?

That implies people have credit cards. Around 64% of adults have at least one credit card in the UK - leaving 36% without one. The age breakdown is such that younger people are significantly less likely to have one than a middle-aged adult as well.

Buying anything worth more than £100 on debit card is stupid. If it never turns up, or the company goes bust, a credit card company just gives you the money back no questions asked.

Martin Lewis' very existence clearly still passing millions by.

People are stupid.
I know an accountant who bought a top of the range TV on her debit card from a website nobody has ever heard of, it didn't turn up and the website disappeared

Also, when paying with paypal, never use friends and familly to pay even if the seller insists because that means you are not covered.