OFFISHAL CONFRIMATION of the CONFIMRED

[Sutekh]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

[WestYorksRoyal]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

Means we'll have to make do with Platek's $3bn and not MSD's >$100bn.

[Hendo]

wtaf have we done collectively in former lives to have this bad fcuking luck?!!

Are you all reincarnated nonces??

Personally think it's your ongoing hatred of EFL luvvies Fulham.

[leon]

wtaf have we done collectively in former lives to have this bad fcuking luck?!!

Are you all reincarnated nonces??

Personally think it's your ongoing hatred of EFL luvvies Fulham.

sterile cappuccino football for private school wnakers unsurprisingly previously owned by serial sex offender - however it's more than counter balanced by my deep respect for Brentford. A proper club.

[El Diablo]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

Don't think that's everything. Potentially his knowledge of other EFL clubs funding , finances and business operations may be the real conflict. Hope not. Might be a tricky one to convince (the EFL) otherwise though.

[Hendo]

wtaf have we done collectively in former lives to have this bad fcuking luck?!!

Are you all reincarnated nonces??

Personally think it's your ongoing hatred of EFL luvvies Fulham.

sterile cappuccino football for private school wnakers unsurprisingly previously owned by serial sex offender - however it's more than counter balanced by my deep respect for Brentford. A proper club.

[Forbury Lion]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

That might be the exit plan, sell the club on to someone else and keep the stadium.... I guess though, they'd want to sell to someone who was in a good position financially to pay the rent each month, so might not be a bad thing.

[windermereROYAL]

You would think (or hope) the EFL would be slightly flexible with the rules to finally get rid of Dai who they approved in the first place.

[stealthpapes]

wtaf have we done collectively in former lives to have this bad fcuking luck?!!

Are you all reincarnated nonces??

Yeah, reincarnated.

[Mid Sussex Royal]

This is all fine still, Huang Kad says completion likely next week or possibly in to the following week, he's been pretty accurate recently.

I also don't think the club would have released the statement they did if there were issues with the EFL.

[Clyde1998]

I also don't think the club would have released the statement they did if there were issues with the EFL.

I wonder if the club would only give exclusivity if they believe (or know) they'll get EFL approval for that bidder.

[Crusader Royal]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

That might be the exit plan, sell the club on to someone else and keep the stadium.... I guess though, they'd want to sell to someone who was in a good position financially to pay the rent each month, so might not be a bad thing.

I’d think a strategy to build a portfolio of mid sized stadiums with very limited tenancy options would be quite odd. You aren’t going to get ‘market rent’ for them as there is no market. So far they’ve only get grounds on the basis of security for loans and if anyone defaulted they’ll rather be left with some white elephants. Not sure what the value of Turf Moor is as a redevelopment site either !

[Sutekh]

Basically as long as Platek can clearly demonstrate separation of funding between himself owning a club as a personal investment and MSD’s involvement with the loans at other clubs then it should be OK, no doubt there’s plenty of grey areas like this between many clubs already. Still, be fun to rock up at places like Burnley, Derby, Soton and WBA with chants along the lines of “owning their stadium”

Don't think that's everything. Potentially his knowledge of other EFL clubs funding , finances and business operations may be the real conflict. Hope not. Might be a tricky one to convince (the EFL) otherwise though.

Knowing and being in a position to influence a club are two different things, a club in receipt of such a loan will probably have a financial position that has moved on since any loans were made.

You could also argue that DoFs and team managers moving to new clubs can create a similar sort of conflict as they could have a great deal of knowledge of a clubs financial position as well as players contracts and clauses therein etc.

This isn't him having a seat on the board somewhere else, so he doesn't necessarily have to divest himself of anything but obviously must be able show that there is no involvement and that, presumably, he couldn't demand, on a whim, that of an opposing club must suddenly be pay up a loan. Presumably the FL will look at at the situation and tell him exactly what they will take as being acceptable and he can either meet that requirement or not.

Trouble is though, it's getting like being in the plays offs. Every time Reading get into PO's they find a different way to fail, seems this is now being replicated with the sale of the club

[Crusader Royal]

I also don't think the club would have released the statement they did if there were issues with the EFL.

I wonder if the club would only give exclusivity if they believe (or know) they'll get EFL approval for that bidder.

The statement did suggest that everything was in place to complete quickly and EFL sign off would be a really major one to have not got sorted before making that sort of announcement. It’s also not as if the finance stuff would be something you could hide under a carpet and not mention. You’d think that if this was a deal breaker then Couhig would never have got the green light from the FA because his direct inside knowledge of a team in the same division would have been just as much a conflict as what might be a rather arms length knowledge of teams in other divisions.

[Royal_jimmy]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

[Crusader Royal]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

Aren’t we actually doing the developing / selling now more than we have ever done in the past ?

[East Grinstead Royal]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

Aren’t we actually doing the developing / selling now more than we have ever done in the past ?

Not sure ‘more’ is the right word, maybe ‘better’ is the one.

[WestYorksRoyal]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

Aren’t we actually doing the developing / selling now more than we have ever done in the past ?

Out of necessity, yes. We have no other option to survive.

I've thought for a while the club is proving remarkably robust. None of our owners or executives since 2012 have understood our culture or the "Reading Way", but it's culturally embedded within the club and now the men at the top are absent we've seen more of our identity returning over the last 2 years. If we get out of the period from 2020 - 2025 in the top half of L1 with a decent young squad capable of improving, it will actually be remarkable. So many other clubs would have fallen much further.

[Greatwesternline]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

Aren’t we actually doing the developing / selling now more than we have ever done in the past ?

The model that a lot of fans say they want, is what we have actually been doing for the last 18 months. Selling players and being financially sustainable with no need to get into financial arrears again.

The problem is, most fans don't actually want that. They want an owner who will incur losses and make the team more competitive. A Reading Football Club that doesn't incur losses and is financially sustainable is what we have now, where Dai puts no money in and we live off £16m from Olise and £2m from Smith and £1m from Azeez spread over the various years. Even with these large sales we are losing money.

[Hendo]

I imagine with the amount of heat on the club with everything that it's quite far into the exclusivity period and EFL may have given Platek the green light.

We need to go back to the old Reading, develop players and sell 1-2 every season for big money whilst building a strong core. Hopefully the next owner does that. Promotion should be the target once a new owner is in.

Aren’t we actually doing the developing / selling now more than we have ever done in the past ?

Out of necessity, yes. We have no other option to survive.

I've thought for a while the club is proving remarkably robust. None of our owners or executives since 2012 have understood our culture or the "Reading Way", but it's culturally embedded within the club and now the men at the top are absent we've seen more of our identity returning over the last 2 years. If we get out of the period from 2020 - 2025 in the top half of L1 with a decent young squad capable of improving, it will actually be remarkable. So many other clubs would have fallen much further.

Feel like that's slightly harsh on Brian Tevreden - thought he was pretty handy as TD. Always thought he was looking out for the best for the club. But broadly agree.