Confimred new owners of Raeding Footbal Club

[CayeneMatt]

any news are they still talking?

Unless he's already in the country the flight from Bangkok doesn't arrive until 5:57pm

Then he's gotta get his bags, have a piss, and wait for a taxi..

[Elm Park Pasty]

Sky reporter saying almost done deal, Charlie Watts saying same

[PieEater]

Charles Watts ‏@charles_watts 3m

Told almost all the documents now signed, few more to go after lunch #ReadingFC

[Elm Park Pasty]

Charles Watts ‏@charles_watts 3m

Told almost all the documents now signed, few more to go after lunch #ReadingFC

Do wish they'd signed them all before lunch though. Don't want any more last minute surprises.

[Norfolk Royal]

Charles Watts ‏@charles_watts 3m

Told almost all the documents now signed, few more to go after lunch #ReadingFC

The bill for lunch?

[Royalist]

Still weeks to go then. Sheffield Wednesdays was a done deal ages ago just waiting for FL ratification.

[PieEater]

Charles Watts ‏@charles_watts 7m

Of those documents, the main one (Sales and Purchase Agreement), has been signed. #ReadingFC

He's got a pretty good insider then.

[M Brook]

Charles Watts ‏@charles_watts 3m

Told almost all the documents now signed, few more to go after lunch #ReadingFC

The bill for lunch?

Vibrac are insisting that their lunch bill is paid in full by SB. Could be a deal breaker. After all, they didn't all have starters and Sir John had two bottles of Cobra to himself.

[CholseyRoyal]

any news are they still talking?

Unless he's already in the country the flight from Bangkok doesn't arrive until 5:57pm

Then he's gotta get his bags, have a piss, and wait for a taxi..

Unless he is flying Thai Airways TG 916, still scheduled to land at 19:02 T3.

Then he still got to get his bags, have a piss etc. so add a couple of hours before his arrival at the Mad Stad.

[CholseyRoyal]

@SkySportsAmy: The deal still needs go through the Football League's Owner and Director test.

A few more weeks to go yet then.

[CholseyRoyal]

Charles Watts ‏@charles_watts 7m

Of those documents, the main one (Sales and Purchase Agreement), has been signed. #ReadingFC

He's got a pretty good insider then.

Yes because all the quotes today have been based on what Charles said this morning.

[melonhead]

confimration still required

[Norfolk Royal]

@SkySportsAmy: The deal still needs go through the Football League's Owner and Director test.

A few more weeks to go yet then.

That's already been done hasn't it? It would have to be done first or they wouldn't have been able to sign the documents they are signing today. SSN get it round their neck.

[Extended-Phenotype]

11/12 - Madejski sells the controlling share to Anton at the end of the season. Anton is in charge and oversees overspending on high profile players who under perform
12/13 - Anton is in charge. We overspend and underachieve. Anton fails to pull together the investment he thought he'd get from his other rich kid buddies that was going to fund the rest of the buyout and his ambitions.
13/14 1st half - Anton hasn't the money to complete the buyout or continue running us at the loss he's made us operate at. He takes out the loan with Vibrac as an advance on parachute payments to cover the wages he can't pay.
13/14 2nd half - Anton has done a runner, Madejski takes back over and tries to deal with the mess he's been left
Now - Madejski is in the process of selling. Vibrac are being awkward. Samrit is threatening to walk. Samuelson is being sinister. HNA is over-reacting to the barest hint of anything.

HTH

JM was chairman during the Anton era

HTH

[CholseyRoyal]

@SkySportsAmy: The deal still needs go through the Football League's Owner and Director test.

A few more weeks to go yet then.

That's already been done hasn't it? It would have to be done first or they wouldn't have been able to sign the documents they are signing today. SSN get it round their neck.

Not according to Charles Watts but it is considered a formality by his sources.

[Agent Balti]

Remember that this 'test' is merely ticking some boxes on a form - it's nothing onerous.

[Norfolk Royal]

@SkySportsAmy: The deal still needs go through the Football League's Owner and Director test.

A few more weeks to go yet then.

That's already been done hasn't it? It would have to be done first or they wouldn't have been able to sign the documents they are signing today. SSN get it round their neck.

Not according to Charles Watts but it is considered a formality by his sources.

Odd to sell a club with all the legal costs that entails then have to wait for someone else to say whether it is OK.

I must be getting mixed up with the FPPT they did some time ago, reportedly on here.

[peterroyal76]

I've just heard there's a bit of a crowd gathering at the stadium and security men wearing hi-vis jackets are literally having to pull people out of the bushes by their ankles.

Same it has ordered that all doggers be removed from the undergrowth apparently.

[SPARTA]

[Pepe the Horseman]

http://www1.skysports.com/football/news ... ub-reading

Sky Sources have confirmed that Samrit Bunditkitsada's takeover at Reading FC has been completed with the sale and purchase order being signed.

The 39-year-old's Thai consortium has struck a deal to buy a 90 per cent stake in the club - according to sources.

The deal - which still needs go through the Football League's Owner and Director test – was reportedly in doubt due to legal costs.

It was claimed that offshore lending company Vibrac, who are effectively running the club, were demanding their legal fees were paid.

However, a deal was thrashed out at a board meeting on Thursday morning at the Madejski Stadium.