CONFIMRED - The final countdown

[Snowflake Royal]

I wouldn’t be 100% confident Dai would sell to Platek if Couhig wasn’t about

As the court case stated, those securities shouldn’t stop the sale of the club. They just need to agree to the Escrow and do that bit properly and legally

Precisely.

Couhig isn't blocking anything. He's complicating things a bit and certainly muddying the waters. Which is just grist to Dai's deflection game mill.

Platek can also give all the assurances he wants too. But Dai still has to sign on the line to sell. And his track record here is piss poor.

[Hound]

I wouldn’t be 100% confident Dai would sell to Platek if Couhig wasn’t about

As the court case stated, those securities shouldn’t stop the sale of the club. They just need to agree to the Escrow and do that bit properly and legally

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

[Sutekh]

I wouldn’t be 100% confident Dai would sell to Platek if Couhig wasn’t about

As the court case stated, those securities shouldn’t stop the sale of the club. They just need to agree to the Escrow and do that bit properly and legally

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

Should be used to guesswork though given Dai’s spent the last 8 years using it to run the club.

[MartinRdg]

I wouldn’t be 100% confident Dai would sell to Platek if Couhig wasn’t about

As the court case stated, those securities shouldn’t stop the sale of the club. They just need to agree to the Escrow and do that bit properly and legally

But the securities also stop those assets from being sold off elsewhere without the club....

[Greatwesternline]

I wouldn’t be 100% confident Dai would sell to Platek if Couhig wasn’t about

As the court case stated, those securities shouldn’t stop the sale of the club. They just need to agree to the Escrow and do that bit properly and legally

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

[East Grinstead Royal]

Terrific post from Traff on the previous page. I was at many of those events, despite not having lived in Reading since 1981. One minor error, though - the away game at Newport was the 12th straight win, the 13th was Lincoln away, IIRC.

[Hound]

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

Nothing bootlicking about it. Strange turn of phrase being as I’ve said nothing complimentary about Couhig.

Just realising that as usual Dai is the real problem here and always has been

[Esteban]

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

I thought it was accepted that Couhig lost a not insignificant sum of money in pursuing the deal, which Dai then pulled out of for no good reason that we're aware of? Whilst at the same time, was hawking the club around to other interested parties, thereby breaking exclusivity and giving Couhig an opportunity to launch his legal action? Genuine questions, as I'm losing track now.

Either way, neither of them are working in the best interests of the club. I'm sure Couhig would be forgiven if he did take over and save the club, but right now, the pair of them are causing unnecessary delays, which we don't have time for. Didn't the judge say as much in court?

[Snowflake Royal]

To be precise, the judge said, in his opinion, the open securities court case needn't stop the sale. RC could agree to the security being put over cash in an escrow instead of over the physical assets of the club. But that would require RC to agree to do that. He doesnt have to.

There is a man here who wants to buy the club, and is pissed off he can't. And isnt actually that happy about giving up his securities over the stadium in favour of some money, he'd rather have the assets than the money.

We shall see.

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

[Greatwesternline]

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

It's possible that the facts have changed and that Dai, while still being a problem, has now been joined on the problem step by Couhig.

If you are buying a house and you get gazumped, its annoying but you move on from it, you don't start trying to prevent the seller from completing the deal with someone else. Couhig needs to take the L, go away, and then we can see if Dai and Platek is bonafide.

[traff]

Terrific post from Traff on the previous page. I was at many of those events, despite not having lived in Reading since 1981. One minor error, though - the away game at Newport was the 12th straight win, the 13th was Lincoln away, IIRC.

You are quite correct Sir, I missed that one but what a great season that was.

[Armadillo Roadkill]

Couhig hasn’t ruled out the Escrow or even commented on whether he’d take the proposal if it’s legally binding

Yeah he’s annoyed and would rather the club I suspect, but the least he appears to require is the suggested money being put aside in a legally binding way. Surely no one can criticise him for that with Dai’s track record

If that proposal is made correctly as I said, let’s see then

Everything else is just guesswork tbh

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

I think I probably said "could," not would. And that was when Couhig was looking more like an asset stripper than someone wantonly trying to send the club into destruction. It was pure speculation, based on where we were at that time.

I've tried quite hard to be conciliatory towards you because you're an interesting and well informed poster, albeit one with a tendency to be inflammatory. But getting my user name wrong starts to make you look a bit pathetic.

[Horsham Royal]

Question about liquidation for someone smarter than me.

Hasn't Couhig suggested the club can't be put into administration / liquidation without his say so because of the liens ...
But if HMRC fail to get paid, don't they trump all creditors so could wind the club up unilaterally?

Or is Couhig just suggesting the stadium / bearwood companies can't be liquidated?

[tmesis]

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

It's possible that the facts have changed and that Dai, while still being a problem, has now been joined on the problem step by Couhig.

If you are buying a house and you get gazumped, its annoying but you move on from it, you don't start trying to prevent the seller from completing the deal with someone else. Couhig needs to take the L, go away, and then we can see if Dai and Platek is bonafide.

The court case a short time ago said there is nothing from a legal standpoint that Couhig is doing that is preventing a sale.

All it is doing is preventing Dai from selling and clearing off with the money that Couhig might be owed.

Now I guess you could say that amounts to preventing the sale, but we don't even really know yet how likely a sale is anyway.

[tmesis]

Question about liquidation for someone smarter than me.

Hasn't Couhig suggested the club can't be put into administration / liquidation without his say so because of the liens ...
But if HMRC fail to get paid, don't they trump all creditors so could wind the club up unilaterally?

Or is Couhig just suggesting the stadium / bearwood companies can't be liquidated?

I do also wonder if "can't be liquidated" means that he can't legally sell off the assets, rather than he can't put the club in liquidation.

I don't see Dai going for administration, as he probably cares very little about keeping the business going.

[Mid Sussex Royal]

Update from EFL very imminent......

(according to Andy Preston)

[MartinRdg]

Update from EFL very imminent......

(according to Andy Preston)

[MartinRdg]

Update from EFL very imminent......

(according to Andy Preston)

https://www.efl.com/news/2025/april/03/efl-statement--reading-fc/

Following a meeting of the EFL’s Board earlier today, the League can confirm that following a request from Reading FC it has extended the time allowed for Mr Dai Yongge to divest his interests in the Club until 22 April subject to compliance with all other EFL Regulations.

As stated previously, the League’s priority is to progress a sale of the Club at the earliest opportunity, in order to end the current uncertainty surrounding its future for its staff, supporters and wider community. While Mr Yongge is yet to divest his interests, as is required following his disqualification, discussions for him to do so remain active and ongoing.

The Board recognised that these matters are further complicated by the structure of assets held across different companies, and various competing security interests, and therefore deemed it appropriate to allow more time for them to be resolved. In the meantime, the League will continue to monitor those discussions and the Club's immediate cash flow requirements.

The League has the power to suspend a Club if a Director fails to comply with the requirements of their disqualification. The terms of any suspension would be at the discretion of the Board, and while suspended Clubs are not permitted to fulfil League matches, they would continue to be a member of the League at that point.

Following recent comments in respect of the circumstances around the approval of Mr Yongge’s acquisition of the Club in 2017, the League would like to reiterate that Mr Yongge was not subject to a sports governing body disqualification, including the Premier League, at the time of the acquisition.

The reason Mr Yongge did not procced with a purchase at Hull City was related to the involvement of a separate individual. This individual was not involved in the subsequent purchase of Reading, and in the absence of any disqualifying condition, alongside ample evidence of source and sufficiency of funding, the EFL was obligated to confirm that Mr Yongge met the requirements of the Regulations.

[Greatwesternline]

Question about liquidation for someone smarter than me.

Hasn't Couhig suggested the club can't be put into administration / liquidation without his say so because of the liens ...
But if HMRC fail to get paid, don't they trump all creditors so could wind the club up unilaterally?

Or is Couhig just suggesting the stadium / bearwood companies can't be liquidated?

Anyone who is a creditor can petition for a company's insolvency. But, they won't get any money back until someone else with secured loans gets paid first. Thus, a smaller creditor than Couhig would be unwise to petition for the clubs insolvency because they would not get paid.

HMRC is a preferential creditor for PAYE and VAT payments, but would come behind a creditor such as Couhig with a security over an identified asset.

[Snowflake Royal]

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

It's possible that the facts have changed and that Dai, while still being a problem, has now been joined on the problem step by Couhig.

If you are buying a house and you get gazumped, its annoying but you move on from it, you don't start trying to prevent the seller from completing the deal with someone else. Couhig needs to take the L, go away, and then we can see if Dai and Platek is bonafide.

Feel free to go tell him that.