Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

[Greatwesternline]

I find it strange that the football director side of the business was still going around signing players right up to *checks notes* Thursday, when we didnt have the money to do it.

Why are we signing new players when we dont have the money to pay the ones we do have and to meet the rules.

I also dont understand why so many people were clamouring for signings on deadline day when we are a club in dire financial distress, but that's a whole new level of stupid.

Why would the ELF go easy on a club for breaking its rules when the club still thinks it can go around signing new players. The administration of the club is a mess from top to bottom.

[Snowflake Royal]

I find it strange that the football director side of the business was still going around signing players right up to *checks notes* Thursday, when we didnt have the money to do it.

Why are we signing new players when we dont have the money to pay the ones we do have and to meet the rules.

I also dont understand why so many people were clamouring for signings on deadline day when we are a club in dire financial distress, but that's a whole new level of stupid.

Why would the ELF go easy on a club for breaking its rules when the club still thinks it can go around signing new players. The administration of the club is a mess from top to bottom.

So get the MPs to get off their arses and finally do something.

[The Royal Forester]

When relegation was certain last season, many nobbers were glad to go to different grounds and win matches and obtain an instant return to the Championship. Are they still full of confidence of visiting new grounds and retuning to League One at the end of next season? That is if we still exist next year.

[AthleticoSpizz]

Don’t remember too many here (the sensible ones, at least) demanding (nor expecting) an instant return to the Championship tbf.

[Greatwesternline]

Somebody needs to put us out of our misery and bring a winding up petition. I know HMRC tried. That's the only legal way Dai can be forced out. Court appoints administrator, administrator agrees sale.

It would certainly mean L2, but would provide an escape from this miserable tenure.

1) A winding up petition winds the company up, it doesnt put it into administration.

2) A company owed money by RFC could petition for the clubs insolvency. However, given Dai is by far the largest creditor, it is extremely unlikely he would let it get to that stage because he would lose control over the sale of the club.

[Hound]

I find it strange that the football director side of the business was still going around signing players right up to *checks notes* Thursday, when we didnt have the money to do it.

Why are we signing new players when we dont have the money to pay the ones we do have and to meet the rules.

I also dont understand why so many people were clamouring for signings on deadline day when we are a club in dire financial distress, but that's a whole new level of stupid.

Why would the ELF go easy on a club for breaking its rules when the club still thinks it can go around signing new players. The administration of the club is a mess from top to bottom.

Signing a couple of extra cheap players makes zero difference as to whether dai was going to pay the bill or not

[RoyalBlue]

I find it strange that the football director side of the business was still going around signing players right up to *checks notes* Thursday, when we didnt have the money to do it.

Why are we signing new players when we dont have the money to pay the ones we do have and to meet the rules.

I also dont understand why so many people were clamouring for signings on deadline day when we are a club in dire financial distress, but that's a whole new level of stupid.

Why would the ELF go easy on a club for breaking its rules when the club still thinks it can go around signing new players. The administration of the club is a mess from top to bottom.

Signings all approved by the EFL?

[From Despair To Where?]

Stop deflecting. This isn't the EFL's fault.

[Snowflake Royal]

When relegation was certain last season, many nobbers were glad to go to different grounds and win matches and obtain an instant return to the Championship. Are they still full of confidence of visiting new grounds and retuning to League One at the end of next season? That is if we still exist next year.

No one with any brains said we would make an instant return. Could, maybe. Within 2 or 3 seasons, sure.

I'm very confident of visiting new grounds and returning to League One next season.

[Royal Monkey]

I’m starting to feel very confident of visiting new grounds in League 2 !!
Be just my luck that we go down and the nearest team to me Mansfield finally go up after god knows how many years of being stuck in League 2.

[Winston Biscuit]

When relegation was certain last season, many nobbers were glad to go to different grounds and win matches and obtain an instant return to the Championship

I remember people trying to find positives and saying that at least we would have new opponents to play, new grounds to visit and we may actually see us win more games in L1 than we were in the Champ, I don't remember people saying we would get promoted

[leon]

I find it strange that the football director side of the business was still going around signing players right up to *checks notes* Thursday, when we didnt have the money to do it.

Why are we signing new players when we dont have the money to pay the ones we do have and to meet the rules.

I also dont understand why so many people were clamouring for signings on deadline day when we are a club in dire financial distress, but that's a whole new level of stupid.

Why would the ELF go easy on a club for breaking its rules when the club still thinks it can go around signing new players. The administration of the club is a mess from top to bottom.

So get the MPs to get off their arses and finally do something.

that'll work

[NathStPaul]

Yeah relying on MP's isn't going to do a lot in the position we are in.

It is time to smash things up and make a noise.

[WestYorksRoyal]

I get that, once an owner is in, the EFL have limited options. They can't force them out. And I also get that, as part of the fit and proper person test, they can't audit intentions or future geopolitical developments. They can largely look at proof of funding, criminal convictions, origin of funds etc.

But, in our case, concerns about our owner were known. He had be been blocked taking over Hull by the PL. The article below at the time voiced real concerns - not with the benefit of hindsight. They definitely share some blame, compared with Mel Morris for example where they had no real grounds to block him.

Of course, the political question is whether they can be given more power to rectify problems once they reach this stage. Legal powers to mandate administration and force the owner to find a buyer.

https://www.telegraph.co.uk/football/20 ... -takeover/

[Brogue]

I get that, once an owner is in, the EFL have limited options. They can't force them out. And I also get that, as part of the fit and proper person test, they can't audit intentions or future geopolitical developments. They can largely look at proof of funding, criminal convictions, origin of funds etc.

But, in our case, concerns about our owner were known. He had be been blocked taking over Hull by the PL. The article below at the time voiced real concerns - not with the benefit of hindsight. They definitely share some blame, compared with Mel Morris for example where they had no real grounds to block him.

Of course, the political question is whether they can be given more power to rectify problems once they reach this stage. Legal powers to mandate administration and force the owner to find a buyer.

https://www.telegraph.co.uk/football/20 ... -takeover/

you do know why the takeover didn't happen at Hull don't you? it was nothing to do with Dai... the reason the Fit and proper person test failed was because of Hang Tao, who was going to be 50% share owner too. Twas him that failed not Dai. So no there were no concerns about him.

this article explains it completley way back in 2017
https://www.dailymail.co.uk/sport/footb ... eless.html

Now, eight months on, Dai Yongge and Dai Xiu Li are attempting a fresh buy-out at Reading. No Hang Tao this time. Despite this, due to the collapse of the Hull deal, there has been speculation that if Reading were promoted this season, the Premier League would stop them coming up.

This won’t happen. The Reading takeover is constructed in a different way, which is the reason the Football League are ready to sanction it, and the Premier League, too. But does this mean Dai Yongge and Dai Xiu Li are good for Reading? Who can say?

That is what a fit and proper persons test can never know. It can investigate legal and financial details, it can check structure and economic viability. What it cannot ask is: are you a clown?

Will you sack Gary Rowett and put Gianfranco Zola in charge? Do you think Steve Kean is a better manager than Sam Allardyce?

In pure business terms, Venky’s are fit and proper people to own Blackburn. They run a very successful poultry business. They just happened to be clueless when it came to football. The Dai family already own a football club in China: Beijing Renhe. In their time it has qualified for the Asian Champions League. Last season it was relegated.

So there is no test to expose football acumen. If Dai Yongge and Dai Xiu Li end up running Reading into the ground, it won’t be because the authorities were negligent. They did their bit seeing off Hang Tao. The rest cannot be known.

[Royal Monkey]

Yeah relying on MP's isn't going to do a lot in the position we are in.

It is time to smash things up and make a noise.

Smash things up and make a noise !
Your comedy gold pal !!
Didn’t you say you’re not even going anywhere near the ground till the owner leaves and now you’re calling for other fans to smash things up.
If sell before we Dai came out and said the next thing they want fans to do is go and smash things up you would be calling them absolute deluded idiots !

[NathStPaul]

Yeah relying on MP's isn't going to do a lot in the position we are in.

It is time to smash things up and make a noise.

Smash things up and make a noise !
Your comedy gold pal !!
Didn’t you say you’re not even going anywhere near the ground till the owner leaves and now you’re calling for other fans to smash things up.
If sell before we Dai came out and said the next thing they want fans to do is go and smash things up you would be calling them absolute deluded idiots !

No I would only call you that.

[Royal Monkey]

Yeah relying on MP's isn't going to do a lot in the position we are in.

It is time to smash things up and make a noise.

Smash things up and make a noise !
Your comedy gold pal !!
Didn’t you say you’re not even going anywhere near the ground till the owner leaves and now you’re calling for other fans to smash things up.
If sell before we Dai came out and said the next thing they want fans to do is go and smash things up you would be calling them absolute deluded idiots !

No I would only call you that.

[Snowflake Royal]

I get that, once an owner is in, the EFL have limited options. They can't force them out. And I also get that, as part of the OWNERS AND DIRECTORS test, they can't audit intentions or future geopolitical developments. They can largely look at proof of funding, criminal convictions, origin of funds etc.

But, in our case, concerns about our owner were known. He had be been blocked taking over Hull by the PL. The article below at the time voiced real concerns - not with the benefit of hindsight. They definitely share some blame, compared with Mel Morris for example where they had no real grounds to block him.

Of course, the political question is whether they can be given more power to rectify problems once they reach this stage. Legal powers to mandate administration and force the owner to find a buyer.

https://www.telegraph.co.uk/football/20 ... -takeover/

Autopost.

[SouthDownsRoyal]

Why are new topics/threads on the board frowned upon?

Are discussions surrounding the most recent points deduction at all easier to find/respond to when spread across numerous random pages on different individual threads?

You can start new threads if you want m8