CONFRIMED: Latest rumours Confrimed as Unconfrimed

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Crusader Royal » 28 Jan 2025 16:48

Really can’t believe people think ‘doubling his money’ is what Couhig actually thought he’d do. It’s a hardball lawyer’s opening salvo. Start high and accept a result better than he’d get if you started low.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Snowflake Royal » 28 Jan 2025 17:35

Hound
Linden Jones' Tash
Hound Plenty of money can be made….but you have to make the club successful to do it

Obviously this is a million miles off atm, but how much would be worth if we were in the prem? 3 times as much if not more I reckon. If you could thrive in the prem then plenty more than that


but how much do you need to spend to get there?
assume your figure of 3 X is £150M - (generously assuming that the buyer pays £50M for the club)
that leaves £100M

you'll need to spend £10 Net each year to stay afloat in League 1
if you want to build a squad for promotion, it will be more

then once you are in the Championship, its say a £35M net loss per annum.

I'm sorry, but I don't see how you make 'plenty of money'


I never said this was easy to do

But get promoted this year and next and you are there aren’t you? In theory we could be a prem team in 15 months time

And don’t think you’d lose 35m per season in the champ if you run it anything like sensibly

I guess Ipswich would be the template here. Sold for 40m and last year sold a 40% stake for 100m

I guess the basic plan would be pay £35m or whatever now. Invest a couple of million (wages mainly) now to get us up

Run the club sensibly in the champ for a year or two and then push on for promotion once established there.

It’s bloody hard to do but it’s possible

I think those figures are massively out there (oroginally quoted £50m Sale etc. Couhig would have been buying at about £25m - £35m, maybe less.

Annual revenue in L1 is about £10m, there's no way you have to double that from an owners pocket to stay affloat in L1.

Average L1 income in 22/23 was £9.8m according to Deloitte, and our attendances and TV appearances are above average.

Average L1 losses in the same year were £5.5m, with Derby (£30m) accounting for 25% of the whole.

Unlike the Championship, L1 wage costs across the division are lower than revenue.

This is published by Deloitte. Not Football Manager or TransferMarkt speculation.

There is a pretty easy route to Couhig making quite big product by reaping the rewards of the Cat Academy investment that's ready sunk cost, whilst downgrading the current Academy rating to reduce costs, make a player sale or two for high £000ks / low £ms most years, attract good L1 players and higher loanees on reasonable wages thanks to our size and infrastructure and no fees, increase attendance through continued success on the pitch and most importantly feel good factor with Dai gone, and get promoted, which in of itself basically doubles the club's valie over night.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Armadillo Roadkill » 28 Jan 2025 17:57

Snowflake Royal
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Linden Jones' Tash
but how much do you need to spend to get there?
assume your figure of 3 X is £150M - (generously assuming that the buyer pays £50M for the club)
that leaves £100M

you'll need to spend £10 Net each year to stay afloat in League 1
if you want to build a squad for promotion, it will be more

then once you are in the Championship, its say a £35M net loss per annum.

I'm sorry, but I don't see how you make 'plenty of money'


I never said this was easy to do

But get promoted this year and next and you are there aren’t you? In theory we could be a prem team in 15 months time

And don’t think you’d lose 35m per season in the champ if you run it anything like sensibly

I guess Ipswich would be the template here. Sold for 40m and last year sold a 40% stake for 100m

I guess the basic plan would be pay £35m or whatever now. Invest a couple of million (wages mainly) now to get us up

Run the club sensibly in the champ for a year or two and then push on for promotion once established there.

It’s bloody hard to do but it’s possible

I think those figures are massively out there (oroginally quoted £50m Sale etc. Couhig would have been buying at about £25m - £35m, maybe less.

Annual revenue in L1 is about £10m, there's no way you have to double that from an owners pocket to stay affloat in L1.

Average L1 income in 22/23 was £9.8m according to Deloitte, and our attendances and TV appearances are above average.

Average L1 losses in the same year were £5.5m, with Derby (£30m) accounting for 25% of the whole.

Unlike the Championship, L1 wage costs across the division are lower than revenue.

This is published by Deloitte. Not Football Manager or TransferMarkt speculation.

There is a pretty easy route to Couhig making quite big product by reaping the rewards of the Cat Academy investment that's ready sunk cost, whilst downgrading the current Academy rating to reduce costs, make a player sale or two for high £000ks / low £ms most years, attract good L1 players and higher loanees on reasonable wages thanks to our size and infrastructure and no fees, increase attendance through continued success on the pitch and most importantly feel good factor with Dai gone, and get promoted, which in of itself basically doubles the club's valie over night.


It was all going quite well until you got to "feel good factor" and getting promoted. Think of the clubs bigger than Reading that have got stuck in League One or below, who probably believed that promotion was somehow easy...

And of course Couhig was never going to make the ridiculous sums he's claiming in his court case. That's what I'm saying. It's a frivolous court case, as is the one against him. Two charlatans fighting over a money pit.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Crusader Royal » 28 Jan 2025 17:58

Losing the Cat1 status would massively affect the calibre of youngsters we could attract though. Any good ones would quickly be poached my Chelsea or Southampton.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by From Despair To Where? » 28 Jan 2025 19:23

Seems his projection is "Get to the Premier League in 5 years then sell".

I mean, it's doable but......


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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Snowflake Royal » 28 Jan 2025 19:34

Armadillo Roadkill
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I never said this was easy to do

But get promoted this year and next and you are there aren’t you? In theory we could be a prem team in 15 months time

And don’t think you’d lose 35m per season in the champ if you run it anything like sensibly

I guess Ipswich would be the template here. Sold for 40m and last year sold a 40% stake for 100m

I guess the basic plan would be pay £35m or whatever now. Invest a couple of million (wages mainly) now to get us up

Run the club sensibly in the champ for a year or two and then push on for promotion once established there.

It’s bloody hard to do but it’s possible

I think those figures are massively out there (oroginally quoted £50m Sale etc. Couhig would have been buying at about £25m - £35m, maybe less.

Annual revenue in L1 is about £10m, there's no way you have to double that from an owners pocket to stay affloat in L1.

Average L1 income in 22/23 was £9.8m according to Deloitte, and our attendances and TV appearances are above average.

Average L1 losses in the same year were £5.5m, with Derby (£30m) accounting for 25% of the whole.

Unlike the Championship, L1 wage costs across the division are lower than revenue.

This is published by Deloitte. Not Football Manager or TransferMarkt speculation.

There is a pretty easy route to Couhig making quite big product by reaping the rewards of the Cat Academy investment that's ready sunk cost, whilst downgrading the current Academy rating to reduce costs, make a player sale or two for high £000ks / low £ms most years, attract good L1 players and higher loanees on reasonable wages thanks to our size and infrastructure and no fees, increase attendance through continued success on the pitch and most importantly feel good factor with Dai gone, and get promoted, which in of itself basically doubles the club's valie over night.


It was all going quite well until you got to "feel good factor" and getting promoted. Think of the clubs bigger than Reading that have got stuck in League One or below, who probably believed that promotion was somehow easy...

And of course Couhig was never going to make the ridiculous sums he's claiming in his court case. That's what I'm saying. It's a frivolous court case, as is the one against him. Two charlatans fighting over a money pit.

We've been in and around the play offs for half the season having made one loan signing with all this going on.

No one is saying promotion is guaranteed, but it's clearly not actually that far off for a decent shout.

And feel good factor is relevant because its tied to attendance. There's plenty of fans out there who are still engaged, or would rengage if Dai sold up, but won'tgo whilst he's here.. We could easily stick 2k on our average attendance at this level in the circumstances of a Play Off push with Dai gone. And 2k is about a third to quarter of the likes of Cambridge and Wycombe's total average attendance.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Extended-Phenotype » 28 Jan 2025 20:14

Armadillo Roadkill
Extended-Phenotype What is it that’s “plain to see” about Couhig’s plans? It can’t be that plain.

- Guy submits bid
- Bid is accepted and deal is thrashed out
- Bid is mysteriously cancelled last minute
- Guy says “hang on, that’s not right”
- A pcunt we all oxf*rd loath for lying, cheating and screwing the club says guy kept changing the terms

- Hate guy


Can someone fill in the ellipsis for me so I don’t have to go on Twitter and sift through reams of posts from a billionaire having a live ketamine breakdown to find out?


Guy starts legal proceedings on the basis he would have doubled his money. The only way he could have doubled his money was by screwing the club into the next century. So he's either lying or would not have been a good owner. So not very happy with that guy.
Not that keen on the other guy either.
Stay away from twitter. Life is too short.


Cheers. Where did Couhig say he would have doubled his money? And what money? The money he spent on bailing Reading out, or the price of the takeover?

The article refers to this claim, but those words are Dai’s (or rather, Dai’s team). I’m probably totally wrong on this, but I thought Couhig was trying to say if the money spent on Reading’s wages and taxes was otherwise available it would have been turning a profit. Which doesn’t really translate into “I would have bought Reading and sold all their shit for buuuuucckks!”

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by under the tin » 28 Jan 2025 20:49

Hound Yes though most of these owners are gamblers to some extent aren’t they? All think they’ve got the magic secret to make it work and bring success. Dai when he bought us just thought throw a load of money and we’ll go up without doubt any kind of diligence on where the money was going

It does happen…just not very often. Brighton, Brentford, Bournemouth etc. just have to be very clever/lucky

Pfft.
Just how much has Brighton's owner pumped into that club over the years. Last time I read, it was over £250 M.
He'll never get all of that back. Ever.
All 3 clubs you mention have got their player recruitment/management spot on,
We used to do that.
What we don't seem to have is the ability to attract the very serious money to back that all up.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Brogue » 28 Jan 2025 21:28

under the tin
Hound Yes though most of these owners are gamblers to some extent aren’t they? All think they’ve got the magic secret to make it work and bring success. Dai when he bought us just thought throw a load of money and we’ll go up without doubt any kind of diligence on where the money was going

It does happen…just not very often. Brighton, Brentford, Bournemouth etc. just have to be very clever/lucky

Pfft.
Just how much has Brighton's owner pumped into that club over the years. Last time I read, it was over £250 M.
He'll never get all of that back. Ever.
All 3 clubs you mention have got their player recruitment/management spot on,
We used to do that.
What we don't seem to have is the ability to attract the very serious money to back that all up.





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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Hound » 28 Jan 2025 21:45

under the tin
Hound Yes though most of these owners are gamblers to some extent aren’t they? All think they’ve got the magic secret to make it work and bring success. Dai when he bought us just thought throw a load of money and we’ll go up without doubt any kind of diligence on where the money was going

It does happen…just not very often. Brighton, Brentford, Bournemouth etc. just have to be very clever/lucky

Pfft.
Just how much has Brighton's owner pumped into that club over the years. Last time I read, it was over £250 M.
He'll never get all of that back. Ever.
All 3 clubs you mention have got their player recruitment/management spot on,
We used to do that.
What we don't seem to have is the ability to attract the very serious money to back that all up.


He could sell 3 or 4 of their current team and get that back

Anyway as I said, not saying this is at all easy or common but it can and does happen.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Snowflake Royal » 28 Jan 2025 22:55

Extended-Phenotype
Armadillo Roadkill
Extended-Phenotype What is it that’s “plain to see” about Couhig’s plans? It can’t be that plain.

- Guy submits bid
- Bid is accepted and deal is thrashed out
- Bid is mysteriously cancelled last minute
- Guy says “hang on, that’s not right”
- A pcunt we all oxf*rd loath for lying, cheating and screwing the club says guy kept changing the terms

- Hate guy


Can someone fill in the ellipsis for me so I don’t have to go on Twitter and sift through reams of posts from a billionaire having a live ketamine breakdown to find out?


Guy starts legal proceedings on the basis he would have doubled his money. The only way he could have doubled his money was by screwing the club into the next century. So he's either lying or would not have been a good owner. So not very happy with that guy.
Not that keen on the other guy either.
Stay away from twitter. Life is too short.


Cheers. Where did Couhig say he would have doubled his money? And what money? The money he spent on bailing Reading out, or the price of the takeover?

The article refers to this claim, but those words are Dai’s (or rather, Dai’s team). I’m probably totally wrong on this, but I thought Couhig was trying to say if the money spent on Reading’s wages and taxes was otherwise available it would have been turning a profit. Which doesn’t really translate into “I would have bought Reading and sold all their shit for buuuuucckks!”

It's so obviously a legal maneouvre to apply pressure. Of course the claim is inflated. People are reading far too much into the figures in Couhig's claims as they somehow prove nefarious intent.

They don't.

My boss is currently getting regular messages at work that some idiot will see him in high court for £ms of lost earnings claim because we told him his complaint wasn't evidenced. It doesn't mean anything. He's trying to intimidate us into giving him what he wants. Obviously Couhig is far more savvy, but the same principle applies. Aim high, make life difficult, get less, but more than nothing.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Extended-Phenotype » 28 Jan 2025 23:47

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Armadillo Roadkill
Guy starts legal proceedings on the basis he would have doubled his money. The only way he could have doubled his money was by screwing the club into the next century. So he's either lying or would not have been a good owner. So not very happy with that guy.
Not that keen on the other guy either.
Stay away from twitter. Life is too short.


Cheers. Where did Couhig say he would have doubled his money? And what money? The money he spent on bailing Reading out, or the price of the takeover?

The article refers to this claim, but those words are Dai’s (or rather, Dai’s team). I’m probably totally wrong on this, but I thought Couhig was trying to say if the money spent on Reading’s wages and taxes was otherwise available it would have been turning a profit. Which doesn’t really translate into “I would have bought Reading and sold all their shit for buuuuucckks!”

It's so obviously a legal maneouvre to apply pressure. Of course the claim is inflated. People are reading far too much into the figures in Couhig's claims as they somehow prove nefarious intent.

They don't.

My boss is currently getting regular messages at work that some idiot will see him in high court for £ms of lost earnings claim because we told him his complaint wasn't evidenced. It doesn't mean anything. He's trying to intimidate us into giving him what he wants. Obviously Couhig is far more savvy, but the same principle applies. Aim high, make life difficult, get less, but more than nothing.


Sure thing. But I don’t quite get how this pressure play becomes “it’s plain to see RC would asset strip the club”. What information out there are people using to get from one thing to the other? And why? seems an weird thing to just make up.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Uke » 29 Jan 2025 00:06

Crusader Royal Losing the Cat1 status would massively affect the calibre of youngsters we could attract though. Any good ones would quickly be poached my Chelsea or Southampton.


And…?

We just rebuild the SJM way

Nothing wrong with that except you don’t get your quick fix


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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Snowflake Royal » 29 Jan 2025 07:23

Uke
Crusader Royal Losing the Cat1 status would massively affect the calibre of youngsters we could attract though. Any good ones would quickly be poached my Chelsea or Southampton.


And…?

We just rebuild the SJM way

Nothing wrong with that except you don’t get your quick fix

Losing Cat 1 wouldn't have an immediate effect either. It's not like all the players in it vanish when the category changes.

It's affect is mostly several years down the line.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Sutekh » 29 Jan 2025 08:02

If it means the club finally gets shot of the **** then does anyone really care? Could always re-establish cat 1 when the club finally becomes more successful and would still have state of the art training facilities anyway,

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Winston Biscuit » 29 Jan 2025 10:38

I don't really follow at all what is happening with the takeover/non takeover situation

can someone give me a couple of quick bullet points as to where we are now with Dai and with a new potential owner?

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Brogue » 29 Jan 2025 11:11

Winston Biscuit I don't really follow at all what is happening with the takeover/non takeover situation

can someone give me a couple of quick bullet points as to where we are now with Dai and with a new potential owner?


Sure.

The current situation is;

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Snowflake Royal » 29 Jan 2025 11:56

Winston Biscuit I don't really follow at all what is happening with the takeover/non takeover situation

can someone give me a couple of quick bullet points as to where we are now with Dai and with a new potential owner?

No where. Deal 5 has collapsed

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by SouthDownsRoyal » 29 Jan 2025 14:06

How surprising.

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Re: CONFRIMED: Latest rumours Confrimed as Unconfrimed

by Mid Sussex Royal » 30 Jan 2025 09:22

STAR have spoken to the club and a detailed update will be provided next week.

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