by ayjaydee » 20 Feb 2022 13:02
by PATRIQT » 20 Feb 2022 13:13
by Zip » 20 Feb 2022 13:16
by Snowflake Royal » 20 Feb 2022 13:27
Zip You have to question how thoroughly the EFL looked into Yongge to see whether he really was an appropriate buyer of our football club.
by Mr Angry » 20 Feb 2022 13:29
by ayjaydee » 20 Feb 2022 13:36
Mr Angry An obvious conclusion to draw from that article is that Reading FC is potentially being used as a money laundering vehicle by a number of inter-connected individuals.
I wouldn't wish those parasites on any club; the fact it is happening to our club is heartbreaking.
by windermereROYAL » 20 Feb 2022 13:40
by Snowflake Royal » 20 Feb 2022 13:43
by YorkshireRoyal99 » 20 Feb 2022 13:47
Snowflake RoyalZip You have to question how thoroughly the EFL looked into Yongge to see whether he really was an appropriate buyer of our football club.
You know they can't just pick and choose right?
It's a private business.
All it does is check they have the money required (he does), and doesn’t have any dodgy financial convictions (he doesn’t).
It's not set up to whittle out incompetents and asset strippers.
by Zip » 20 Feb 2022 13:49
Snowflake RoyalZip You have to question how thoroughly the EFL looked into Yongge to see whether he really was an appropriate buyer of our football club.
You know they can't just pick and choose right?
It's a private business.
All it does is check they have the money required (he does), and doesn’t have any dodgy financial convictions (he doesn’t).
It's not set up to whittle out incompetents and asset strippers.
by YorkshireRoyal99 » 20 Feb 2022 13:51
ZipSnowflake RoyalZip You have to question how thoroughly the EFL looked into Yongge to see whether he really was an appropriate buyer of our football club.
You know they can't just pick and choose right?
It's a private business.
All it does is check they have the money required (he does), and doesn’t have any dodgy financial convictions (he doesn’t).
It's not set up to whittle out incompetents and asset strippers.
You’re very black and white Ian. The PL refused Yongge’s takeover bid for Hull City. I have no idea why that bid was rejected yet the EFL sanctioned his takeover of Reading
by Snowflake Royal » 20 Feb 2022 13:55
YorkshireRoyal99Snowflake RoyalZip You have to question how thoroughly the EFL looked into Yongge to see whether he really was an appropriate buyer of our football club.
You know they can't just pick and choose right?
It's a private business.
All it does is check they have the money required (he does), and doesn’t have any dodgy financial convictions (he doesn’t).
It's not set up to whittle out incompetents and asset strippers.
Maybe that is the problem though and maybe that's why so many clubs run into financial issues in every division as well.
They allowed Steve Dale to buy Bury FC for a £1, he must have had the funds, but then they go out of business and are now playing against my local side in the very bottom tier of the footballing pyramid.
by YorkshireRoyal99 » 20 Feb 2022 14:56
Snowflake RoyalYorkshireRoyal99Snowflake Royal You know they can't just pick and choose right?
It's a private business.
All it does is check they have the money required (he does), and doesn’t have any dodgy financial convictions (he doesn’t).
It's not set up to whittle out incompetents and asset strippers.
Maybe that is the problem though and maybe that's why so many clubs run into financial issues in every division as well.
They allowed Steve Dale to buy Bury FC for a £1, he must have had the funds, but then they go out of business and are now playing against my local side in the very bottom tier of the footballing pyramid.
iirc - it's not just about the buying funds, but the funds to run a club, like Zingarvich only passed because Daddy guaranteed him.
The key isn't the test, its regulation and transparency of finances, transfers and player agents to make clubs unattractive to these people. And getting football finances in order so you can run a club viably on income, not needing all these dodgy deals and mega rich owners.
by tmesis » 20 Feb 2022 15:15
YorkshireRoyal99Snowflake RoyalYorkshireRoyal99
Maybe that is the problem though and maybe that's why so many clubs run into financial issues in every division as well.
They allowed Steve Dale to buy Bury FC for a £1, he must have had the funds, but then they go out of business and are now playing against my local side in the very bottom tier of the footballing pyramid.
iirc - it's not just about the buying funds, but the funds to run a club, like Zingarvich only passed because Daddy guaranteed him.
The key isn't the test, its regulation and transparency of finances, transfers and player agents to make clubs unattractive to these people. And getting football finances in order so you can run a club viably on income, not needing all these dodgy deals and mega rich owners.
The first part is my point though, he had the funds to buy the club but didn't have the funds to sustain the club in the football league, even after they won promotion as well. That's where that has to be picked up on.
by blythspartan » 20 Feb 2022 15:49
by ILoveMoonPig » 20 Feb 2022 19:24
by tmesis » 20 Feb 2022 19:29
by The Green Programme » 20 Feb 2022 19:53
by YorkshireRoyal99 » 20 Feb 2022 19:58
tmesis What seems bizarre is that it's blatantly obvious that if an agent is handling signings, and gets a cut from the deals, he's going to have making the most money for himself as a priority, not getting value for the buying club, nor getting the right players for the squad.
Why would any owner think it's a good way to run a club?
by Jagermesiter1871 » 20 Feb 2022 21:44
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