CONFIMRED… ish

[Crusader Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Without legal intervention of some sort, I expect the latter.

Unless he has some sort of Power of Attorney already set up for him, with his sister or Pang for example

Isn’t it simple good practice for any business not to be reliant on one person for ultimate control ? Losing your CEO /whatever is not uncommon and you have a plan in place that means someone else gets executive powers in their absence / incapacity,
So highly unlikely Dai has this in place but we’re not his only business ….

[stealthpapes]

If thats true, that is the most stupid thing I have ever read in the context of one Party selling to another Party; obviously, when you are selling you do everything to inflate the value of whatever it is you are selling, be it a house, a car or a football team. Shockingly amateur behaviour; schoolboy error doesn't begin to cover it!

Not sure that makes sense. Houses are often marketed as being ‘recently reduced from…..’ and a decent estate agent won’t inflate the price beyond what they know they can sell it for. Of course one tactic is to make something look more valuable than it is so people are drawn in by what looks like a bargain price even though what they end up paying is actually more than it’s true value. We are bombarded by adverts offering something ‘worth’ £50 but available for a limited time for ‘just’ £9.99.
In general though the sale process does seem to be an utter shambles and had they thought of employing a schoolboy to run it we may be in a better position than we are now.

Yeah, surely what you actually do is try to get the highest price possible, whilst implying how cheap that price is. But I've never worked in sales.

I got about halfway through this but then I saw that you had as well.

[stealthpapes]

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Without legal intervention of some sort, I expect the latter.

Unless he has some sort of Power of Attorney already set up for him, with his sister or Pang for example

I’d imagine his assets would be seized by somebody or other. Prob the Chinese govt

It’s all such a tiresome mess. It might make a great documentary one day but utterly sick of the whole thing at the moment

Can they not send some other Great Bunch of Lads over to run the club?
You know the chinese roads in Ghana, as they're the smooth ones.

[Mid Sussex Royal]

Yuan the local MP is trying to contact Dai and sister via the Chinese embassy in London to set up a meeting.

[Readingfanman]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Technically, any director can sign off on the sale of a company. Doesnt need to be the "main guy" so to speak.

[Snowflake Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

Lets say he is incapacitated in some way - either through illness, arrest or general disappearance - where would that leave any sale process? Can the club be sold if he is unavailable to complete the documentation? Is there a legal mechanism to force the sale esp if he is incarcerated either at home or in a Chinese prison?

Or does that essentially sign our death warrant?

Technically, any director can sign off on the sale of a company. Doesnt need to be the "main guy" so to speak.

Then why hasn't our Thai been a hero and just signed off the sale behind Dai's back?

[Mid Sussex Royal]

The Athletic reporting Couhig has upped his offer to buy the club in exchange for dropping legal action which Dai has rejected.

[WestYorksRoyal]

I've largely dismissed the conspiracy theories as rubbish, but sometimes the truth is stranger than fiction. We have an AWOL owner with reputable reports that his business in China is collapsing. Maybe there are other vested interests calling the shots.

Where it falls down is the idea that a bank of whatever creditor it is would reject opportunities to take the cash on offer when they're realistically not going to get anything much better.

[Sutekh]

The Athletic reporting Couhig has upped his offer to buy the club in exchange for dropping legal action which Dai has rejected.

And - if accepted - presumably then get a legal action brought against the club by Blue Horizons, or whatever they're called, for breaking exclusivity with them.

[Snowflake Royal]

The Athletic reporting Couhig has upped his offer to buy the club in exchange for dropping legal action which Dai has rejected.

And - if accepted - presumably then get a legal action brought against the club by Blue Horizons, or whatever they're called, for breaking exclusivity with them.

If they’re real

[Mid Sussex Royal]

The Athletic reporting Couhig has upped his offer to buy the club in exchange for dropping legal action which Dai has rejected.

And - if accepted - presumably then get a legal action brought against the club by Blue Horizons, or whatever they're called, for breaking exclusivity with them.

I don't think there are any bids under exclusivity and haven't been for a while.

[Lower West]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtaining the bank borrowing subsequently died (very convenient).

[Lower West]

I've largely dismissed the conspiracy theories as rubbish, but sometimes the truth is stranger than fiction. We have an AWOL owner with reputable reports that his business in China is collapsing. Maybe there are other vested interests calling the shots.

The business empire in China has officially collapsed. The shares being suspended in October 2022 when financial irregularities were first discovered in a subsidiary group company. In August 2024 the company shares were finally delisted from the Hongkong Stock Exchange.

[Crusader Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtaining the bank borrowing subsequently died (very convenient).

If Dai has rejected bids from Rouhig and Smee in the last few weeks he must be a) alive and b) able to deal with the outside world

[Snowflake Royal]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtaining the bank borrowing subsequently died (very convenient).

If Dai has rejected bids from Rouhig and Smee in the last few weeks he must be a) alive and b) able to deal with the outside world

Or someone else.is doing it.

You can't really draw any proper inferences from vagueries and twitter rumours.

[Lower West]

Reports now saying Dai has not been seen anywhere mid Sept, so assume now under house arrest?

I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtaining the bank borrowing subsequently died (very convenient).

If Dai has rejected bids from Rouhig and Smee in the last few weeks he must be a) alive and b) able to deal with the outside world

Where's the evidence that it's Dai? Dai speaks no English. Always communicated through an interpreter. Majority of work is normally conducted through legal channels anyway. Like a buying a house. There's minimal direct contact directly with the vendors. Then there's the fact that China is a very different place to the UK. The State has all the power. It's written into company constitutions as the first priority.

[Uke]

Is it time that we demand to see a picture of Dai Yongge holding a copy of today’s newspaper yet?

[Crusader Royal]

I'd suggest December 2023 , if not earlier, when he was found guilty of being party to fraud. Probably not helped by the fact that the (only) company official who helped Dai with the legalities in obtaining the bank borrowing subsequently died (very convenient).

If Dai has rejected bids from Rouhig and Smee in the last few weeks he must be a) alive and b) able to deal with the outside world

Where's the evidence that it's Dai? Dai speaks no English. Always communicated through an interpreter. Majority of work is normally conducted through legal channels anyway. Like a buying a house. There's minimal direct contact directly with the vendors. Then there's the fact that China is a very different place to the UK. The State has all the power. It's written into company constitutions as the first priority.

Dai owns the club, who else has rejected bids ?
Where’s the evidence he speaks ‘ no’ English. I’d suspect he chose not to speak it in public but I’d be amazed if he literally neither understood nor spoke any English.
Buying a house still requires vendor and purchaser to make decisions. Solicitors merely put those decisions into action, they can’t accept an offer, or make an offer, or make any actual decisions.

[Clyde1998]

I’ve reached out to the club and have been told ‘an update on the takeover process and wider issues will be communicated in the coming days.’ #readingfc

[Mid Sussex Royal]

I’ve reached out to the club and have been told ‘an update on the takeover process and wider issues will be communicated in the coming days.’ #readingfc

Worrying language that its now just a process.

Wider issues likely to be the legal action and/or club funding and the need to sell players next month.