CONFIMRED… ish

[The Cap]

Not on X. Anybody got a take on what Yuan Yang's been working on?

[The Cap]

Amended for you.

Tim is the one blocking the sale

Would you want to be interviewed by that Bellend, I wouldn’t

Nearly choked on my cornflakes, SR

[WestYorksRoyal]

Not on X. Anybody got a take on what Yuan Yang's been working on?

She's trying everything possible but doesn't have any real power to force him out.

[Mid Sussex Royal]

Not on X. Anybody got a take on what Yuan Yang's been working on?

Main points; there's loads of paras so may have missed something (that's the way X works):

1. The club has funding for the next couple of months even before the Smith transfer.

2. Administration still a worry but the longer this goes on without a sale the fear is jumping straight to a winding up order.

3. Her view is the club only survives even in the short term with a sale. There is nothing on the table currently.

4. She's trying to get in touch with Narin Niruttinanon, the minority shareholder from the Thai's time.

Even given the above, if point 1 is correct then given the Smith & Bindon money the club must have funds now to see out the season, and then the June money rolls in ie ST sales, premier league payments etc. Sadly this all gives Dai months longer in my view to continue as he has been.

[The Cap]

Thanks lads. Much appreciated

[Hound]

No bid on the table but did say the bidders interested are credible

[Sutekh]

No bid on the table but did say the bidders interested are credible

It’s just the seller that isn’t.

[Royalwaster]

No bid on the table but did say the bidders interested are credible

It’s just the seller that isn’t.

[Mr Angry]

Frankly, if we go straight to a winding up petition without going into administration first, that would simply allow the official liquidator to sell the company quicker than going through administration first.

It would be brutal, but Dai would no longer own the football club. However, there would be no football club as it would cease to exist as a legal entity, and a new phoenix club would need to be formed, and start playing in non-League.

EVERYONE employed by Reading FC would then be made redundant; in effect, we would have no players, coaching staff, management, turnstile operators, nobody.

[Hendo]

It was Dellor, based on updates he'd had from the club. Can't be 100% sure of anything, but presumably he does have good contacts who would be unlikely to lie. Also said he was actively involved in blocking any sale.

Amended for you.

Tim is the one blocking the sale

RC probably included getting in a competent broadcaster.

[Hound]

https://www.readingfc.co.uk/news/2025/f ... ub-update/

[Hound]

Doesn’t say a lot that we didn’t know

I mean it sounds slightly encouraging at face value but still nothing new or concrete

[morganb]

For those who don't want to click the link above -

An update from the club


Reading Football Club can offer the following update regarding the sale process, the transfer window, and Mr Dai’s ongoing litigation case.

Club Sale

The club can confirm exclusivity with the buyer cited previously has now expired.

Discussions with alternatives are underway with the focus remaining to sell to a buyer who has the intent and resource to take the club forward. Several credible bidders have declared interest, some with experience in navigating football transactions, and the club are working with all relevant stakeholders to agree terms at the earliest opportunity.

Whilst the club acknowledges the previously failed transactions are disappointing for everyone, especially our supporters, it is anticipated the legal and due diligence work completed so far will prove advantageous when trying to move new bids forward.

Despite funding concerns last month, the club can confirm HMRC and staff wages were fulfilled on time with Mr Dai contributing funds towards this.

Transfer Window

Contrary to speculation, the winter transfer window was not pre-planned as an opportunity to solve the club’s short-term funding due to the limitations in replacing any outgoings.

In the case of Sam Smith, having previously rejected lower bids, the fee payable by Wrexham ultimately proved too significant. Whilst the club was not looking to sell, there was a requirement to balance this versus the short-term financial security such a large fee would provide.

For Tyler Bindon, the expiration of his contract at the end of this season led to significant external interest. The Club’s priority from the outset was to keep Tyler for the remainder of this campaign given his importance to the first team squad. However, an attractive proposal from Nottingham Forest presented an opportunity for the club to benefit financially, as well as retaining Tyler’s short-term services.

Despite several clubs making offers for other players, none were deemed proceedable as the club aimed to maintain the strength of the playing squad.

Ongoing Litigation

In the most recent statement dated the 30th of December, an ongoing litigation proceeding against Mr Dai was confirmed. Whilst the club will make no comment about the nuances of these proceedings, it is not anticipated that this case will impede the ongoing sales process or prevent the club advancing with prospective bidders.

The club will continue to provide monthly updates until the sale is complete and thanks its supporters, staff and players for their patience since the last statement was provided, as well as their overall support.

[Royals and Racers]

What a surprise that the overdue accounts were not mentioned !!

[katweslowski]

Amended for you.

Tim is the one blocking the sale

RC probably included getting in a competent broadcaster.

It confuses me why he gets so much stick to be quite honest. He's an avid fan, his wife, his family has supported the club for years. I've listened to other local broadcasters and they're of the same quality or worse.

I also don't understand why so many target him, when the likes of Ady Williams is on air, who has all the charisma, intellect and brain capacity as a dung beetle

[katweslowski]

That club update is depressing -

EDIT
Actually, there is some useful contents in there:

Despite funding concerns last month, the club can confirm HMRC and staff wages were fulfilled on time with Mr Dai contributing funds towards this.

In the case of Sam Smith, having previously rejected lower bids, the fee payable by Wrexham ultimately proved too significant. Whilst the club was not looking to sell, there was a requirement to balance this versus the short-term financial security such a large fee would provide.

For Tyler Bindon, the expiration of his contract at the end of this season led to significant external interest. The Club’s priority from the outset was to keep Tyler for the remainder of this campaign given his importance to the first team squad. However, an attractive proposal from Nottingham Forest presented an opportunity for the club to benefit financially, as well as retaining Tyler’s short-term services.

[Snowflake Royal]

Tim is the one blocking the sale

RC probably included getting in a competent broadcaster.

It confuses me why he gets so much stick to be quite honest. He's an avid fan, his wife, his family has supported the club for years. I've listened to other local broadcasters and they're of the same quality or worse.

I also don't understand why so many target him, when the likes of Ady Williams is on air, who has all the charisma, intellect and brain capacity as a dung beetle

He's really bad at his job.

[katweslowski]

He's really bad at his job.

I disagree and this kind of thing just sounds like the type of tripe people on Twitter continually bang on about. It just seems like nit picking to me. People want a Martin Tyler or Clive Tyldesley quality broadcast on local radio for Burton vs Reading.

[stealthpapes]

Whilst the club acknowledges the previously failed transactions are disappointing for everyone, especially our supporters, it is anticipated the legal and due diligence work completed so far will prove advantageous when trying to move new bids forward.

To be fair, this is in line with what many of us suspect(ed).

The transfer stuff confirms that we've done alright this window, I think, and that it wasn't random chance we got that outcome.

[Silver Fox]

He's really bad at his job.

I disagree and this kind of thing just sounds like the type of tripe people on Twitter continually bang on about. It just seems like nit picking to me. People want a Martin Tyler or Clive Tyldesley quality broadcast on local radio for Burton vs Reading.

We have a Clive Tyldesley quality broadcast