Madejski comments on club ownership

[Ian Royal]

Crjkey. Even if there is actually something to worry about its not exactly doing much damage. If the worries are founded and the buyout has gone tits up and the worst that happens is we play a bit mediocre and are still well positioned for a promotion push come January then boo oxf*rd hoo.

[Pepe the Horseman]

John Madejski HATES potential investors

[Bowman's Quiver]

Just a thought but I wonder if AZ is allowed back into the country and that is at the root of the problem?

As I said, just a thought.

[Uke]

SJM has spent the last decade telling us he'd only sell to the right person. Dunno why hes getting a pass from the fans for such an obvious monumental fook up.

If we are in a mess. Its his fault.

Yup, it was his fault he didn't sell the whole 100% to TSI isn't it

What a stupid move that was...

[Chuckle Brother]

John Madejski HATES potential investors

Has this guy got sufficient cash ?

He appears to have borrowed Blackie's coat FFS.

[Reading4eva]

John Madejski HATES potential investors

Has this guy got sufficient cash ?

He appears to have borrowed Blackie's coat FFS.

Hes only got an iPhone 5, not a 5s... so no, hes not rich

[SPARTA]

Anton isn't going anywhere. You guys are all getting your knickers in a twist over literally nothing. oxf*rd hilarious.

Is your head still in the sand? Would you like us to pull you out?

[Reading4eva]

Anton isn't going anywhere. You guys are all getting your knickers in a twist over literally nothing. oxf*rd hilarious.

Is your head still in the sand? Would you like us to pull you out?

He might have only taken an interest in us again for the first time in 11 months. He probably needs reminding we got relegated

[SPARTA]

Hes only got an iPhone 5, not a 5s... so no, hes not rich

The Omani's in attendance were only the representatives.

[Royal Biscuitman]

I'm not going to read though the whole thread, so this may be a Dodd

"Reading: Sir John Madejski says club close to new investment 23rd December 2013"
http://www.bbc.co.uk/sport/0/football/25492085

Unless JM was desperate for the £25m or whatever AZ paid him for the 51% of shares, It makes no sense to me to have sold them to AZ, not as a business deal and not as a moral do the right thing for the fans/town deal.... I hope JM hasn't been taken for a ride and is a lot smarter than any of us give him credit for. Perhaps it would have been smarter to have sold 49% of the shares to AZ and kept 51% until the deal was complete.

[SPARTA]

I'm not going to read though the whole thread, so this may be a Dodd

"Reading: Sir John Madejski says club close to new investment 23rd December 2013"
http://www.bbc.co.uk/sport/0/football/25492085

Unless JM was desperate for the £25m or whatever AZ paid him for the 51% of shares, It makes no sense to me to have sold them to AZ, not as a business deal and not as a moral do the right thing for the fans/town deal.... I hope JM hasn't been taken for a ride and is a lot smarter than any of us give him credit for. Perhaps it would have been smarter to have sold 49% of the shares to AZ and kept 51% until the deal was complete.

Wasn't the £25m for all the shares? He only paid for 51% in the end, and there was a rumoured bonus due to SJM after the promotion. Not sure how true that is though.

[3points]

Unless JM was desperate for the £25m or whatever AZ paid him for the 51% of shares

My understanding was that SJM was desperate for the cash to bail out his property company before the bank's called in the administrators. The printing business has already gone into administration.

SJM did get around 25m. Half was for the shares, the remainder was to repay SJM's loans he had made over the years. This is stated in the club's accounts from last summer. Also, heard about a 5m additional bonus payment

[Haag Royal]

I'm not going to read though the whole thread, so this may be a Dodd

"Reading: Sir John Madejski says club close to new investment 23rd December 2013"
http://www.bbc.co.uk/sport/0/football/25492085

Unless JM was desperate for the £25m or whatever AZ paid him for the 51% of shares, It makes no sense to me to have sold them to AZ, not as a business deal and not as a moral do the right thing for the fans/town deal.... I hope JM hasn't been taken for a ride and is a lot smarter than any of us give him credit for. Perhaps it would have been smarter to have sold 49% of the shares to AZ and kept 51% until the deal was complete.

It would have been a lot smarter to have had a clause in the contract that said if AZ did not buy the remainder of the agreed shares by a certain date then the 51% sold to AZ would revert immediately back to SJM. I can imagine this being in any other deal he does in the future......

[Uke]

Unless JM was desperate for the £25m or whatever AZ paid him for the 51% of shares

My understanding was that SJM was desperate for the cash to bail out his property company before the bank's called in the administrators. The printing business has already gone into administration.

SJM did get around 25m. Half was for the shares, the remainder was to repay SJM's loans he had made over the years. This is stated in the club's accounts from last summer. Also, heard about a 5m additional bonus payment

And if so he has saved Reading town centre, given that his company was doing the redeveloping!

Possibly a bigger legacy than saving a football business

[Uke]

It would have been a lot smarter to have had a clause in the contract that said if AZ did not buy the remainder of the agreed shares by a certain date then the 51% sold to AZ would revert immediately back to SJM. I can imagine this being in any other deal he does in the future......

I think imagining is all that ever happens when it come to deals like that

[3points]

And if so he has saved Reading town centre, given that his company was doing the redeveloping!

Possibly a bigger legacy than saving a football business

I don't think Sackville is linked with the new station redevelopment plans. It didn't have enough money to push forward on the last set of plans (which Sackville was definitely behind) which is why it still looks like a complete tip down there. Really hate travelling through Reading station every day. it's just depressing.

[ZacNaloen]

IF the financial crash hadn't happened and IF the station hill redevelopment had got underway on schedule then Madejski would probably be richer today than he was in 2007 and wouldn't have had to sell

That said, the print business would still have been oxf*rd.

[ZacNaloen]

And if so he has saved Reading town centre, given that his company was doing the redeveloping!

Possibly a bigger legacy than saving a football business

I don't think Sackville is linked with the new station redevelopment plans. It didn't have enough money to push forward on the last set of plans (which Sackville was definitely behind) which is why it still looks like a complete tip down there. Really hate travelling through Reading station every day. it's just depressing.

Sackville still have a small stake, but it's mostly owned by an american investment firm though iirc

[trueroyal1871]

John Madejski HATES potential investors

Has this guy got sufficient cash ?

He appears to have borrowed Blackie's coat FFS.

LOL I'm sure that coat is older than some of the younger posters on here.

[floyd__streete]

Decent interview with SJM by Dellor after the match today... a brief summary:

- Always on the look for new investors and sounds like something is on the horizon
- Anton still the owner "as such" and he doesn't know when he'll be back
- Confident Anton is committed to RFC and that there is no big problem- There should be funds in January, whether it is Anton's or Sir John's

Reading between the lines Madejski does sound a little uncertain but optimistic, definitely not the shambles some nobbers are making out. We're looking for new investment but I doubt it will mean a change of ownership of the club.

Well it seems then that either Madejski is a massive liar or he is naive and stupid.

I'd say it was every bit the shambles some nobbers made out.