Confimred new owners of Raeding Footbal Club

[loyalroyaldaz]

On a purely selfish level my family have just spent nearly £1600 on season ticket renewals. If administration does happen could they use that money to pay creditors and ask us to pay again?

[WoodleyRoyal]

On a purely selfish level my family have just spent nearly £1600 on season ticket renewals. If administration does happen could they use that money to pay creditors and ask us to pay again?

[PieEater]

I hope you paid by credit card!

Seriously the only way that you'd lose your money is if the club didn't start next season, which is in no ones interest although Vibrac may not particularly care after they've got their money (and hotel??)

[SPARTA]

Who's to say SJM was hoodwinked at all? This take-over happened when he was starting to lose everything. He needed to raise money, and was more than happy to take the word of an ambitious young man who had a wealthy father, on the promise, and only a promise, that money would be there to take the club forward. Of course Madejski cared, but his needs came first. I've even heard some say the TSI take-over was a rescue package for SJM. Whatever the ins and outs of it all, SJM did screw up big time, and he has let everyone connected with the club down - there's no getting away from that, and sadly it will tarnish many peoples opinions of him and what he did here; and that is a great shame in itself.

[Green]

Good use of "hoodwinked"

[Green]

SJM did screw up big time, and he has let everyone connected with the club down

But worst of all SPARTA, he's let himself down.

[Norfolk Royal]

Who's to say SJM was hoodwinked at all? This take-over happened when he was starting to lose everything. He needed to raise money, and was more than happy to take the word of an ambitious young man who had a wealthy father, on the promise, and only a promise, that money would be there to take the club forward. Of course Madejski cared, but his needs came first. I've even heard some say the TSI take-over was a rescue package for SJM. Whatever the ins and outs of it all, SJM did screw up big time, and he has let everyone connected with the club down - there's no getting away from that, and sadly it will tarnish many peoples opinions of him and what he did here; and that is a great shame in itself.

Plans for the statue on hold then?

[Extended-Phenotype]

How fitting the man behind our rise from the ashes should conclude his reign with this act of arson.

Oh well, where would we be without him etc

[melonhead]

[BraisingsteakRoyal]

I've just re-read Jim Whites book "A History of the Premier League in 10 matches". The chapter on the Pompey Reading 7-4 game is amazing. He describes all about the Pompey situation with Alexander Gadyamak (sp.), and how Reading are (...were..) run in completely the opposite manner- he makes a point of saying how JM pretty much was the model of how to run a club - the absolute antithesis of everything that was wrong about football finance. The Pompey situation with a young dodgy eastern European businessman, buying a club on the basis of promised cash from his even dodgier father (that never came through).

How things have turned around.

He also says that in Feb 2013 - the PL brought in a couple of additional new owner tests (over and above "fit and proper persons") to do with investigating potentials owners financial viability etc.

I guess we sh1t out of luck by AZ coming in a year earlier (and us being in the champ at the time). Surely these new tests would have weeded him out? If they were retrospectively applied - would they have stopped it all i wonder? If not - what's the point in them?

[Pseud O'Nym]

I'm stunned he could be hoodwinked in such a way.

The thing about conmen is they are convincing and they pick on the vulnerable

Print business screwed, property portfolio collapsing, bit of an ego, etc...

The checkboxes were all ticked

The real master stroke in Aton's scam though was putting millions in rather than taking it out. Cunning bastard.

[Green]

I suspect the real master stroke is making you believe that, Pseuds.

[Norfolk Royal]

The real master stroke in my view was setting up the beer tent outside the ground as a diversionary tactic so nobody would notice them sneaking out with the swag bags.

[M Brook]

The real master stroke in my view was setting up the beer tent outside the ground as a diversionary tactic so nobody would notice them sneaking out with the swag bags.

Cunning Old Boy!

[melonhead]

I've just re-read Jim Whites book "A History of the Premier League in 10 matches". The chapter on the Pompey Reading 7-4 game is amazing. He describes all about the Pompey situation with Alexander Gadyamak (sp.), and how Reading are (...were..) run in completely the opposite manner- he makes a point of saying how JM pretty much was the model of how to run a club - the absolute antithesis of everything that was wrong about football finance. The Pompey situation with a young dodgy eastern European businessman, buying a club on the basis of promised cash from his even dodgier father (that never came through).

How things have turned around.

He also says that in Feb 2013 - the PL brought in a couple of additional new owner tests (over and above "fit and proper persons") to do with investigating potentials owners financial viability etc.

I guess we sh1t out of luck by AZ coming in a year earlier (and us being in the champ at the time). Surely these new tests would have weeded him out? If they were retrospectively applied - would they have stopped it all i wonder? If not - what's the point in them?

pretty sure those tests were applied upon promotion to the prem.

[Pseud O'Nym]

I've just re-read Jim Whites book "A History of the Premier League in 10 matches". The chapter on the Pompey Reading 7-4 game is amazing. He describes all about the Pompey situation with Alexander Gadyamak (sp.), and how Reading are (...were..) run in completely the opposite manner- he makes a point of saying how JM pretty much was the model of how to run a club - the absolute antithesis of everything that was wrong about football finance. The Pompey situation with a young dodgy eastern European businessman, buying a club on the basis of promised cash from his even dodgier father (that never came through).

How things have turned around.

He also says that in Feb 2013 - the PL brought in a couple of additional new owner tests (over and above "fit and proper persons") to do with investigating potentials owners financial viability etc.

I guess we sh1t out of luck by AZ coming in a year earlier (and us being in the champ at the time). Surely these new tests would have weeded him out? If they were retrospectively applied - would they have stopped it all i wonder? If not - what's the point in them?

pretty sure those tests were applied upon promotion to the prem.

They were. We were promoted before the FA had completed their checks, so the takeover was further delayed while the PL conducted theirs.
http://www.bbc.co.uk/sport/0/football/18255401

[Norfolk Royal]

I'll throw this into the mix FWIW. Probably nothing but you never know.

http://www.insidemnsoccer.com/2012/09/0 ... wolves-fc/

[Royal Rother]

I'm stunned he could be hoodwinked in such a way.

The thing about conmen is they are convincing and they pick on the vulnerable

Print business screwed, property portfolio collapsing, bit of an ego, etc...

The checkboxes were all ticked

The real master stroke in Aton's scam though was putting millions in rather than taking it out. Cunning bastard.

Love that!!

[Ian Royal]

Saw a suggestion from some muppet that looked like saying loaning the club money and charging minimal interests rates (which is what the account show) made a good trust fund for AZ to make money from. LMFAO.

[BraisingsteakRoyal]

I've just re-read Jim Whites book "A History of the Premier League in 10 matches". The chapter on the Pompey Reading 7-4 game is amazing. He describes all about the Pompey situation with Alexander Gadyamak (sp.), and how Reading are (...were..) run in completely the opposite manner- he makes a point of saying how JM pretty much was the model of how to run a club - the absolute antithesis of everything that was wrong about football finance. The Pompey situation with a young dodgy eastern European businessman, buying a club on the basis of promised cash from his even dodgier father (that never came through).

How things have turned around.

He also says that in Feb 2013 - the PL brought in a couple of additional new owner tests (over and above "fit and proper persons") to do with investigating potentials owners financial viability etc.

I guess we sh1t out of luck by AZ coming in a year earlier (and us being in the champ at the time). Surely these new tests would have weeded him out? If they were retrospectively applied - would they have stopped it all i wonder? If not - what's the point in them?

pretty sure those tests were applied upon promotion to the prem.

They were. We were promoted before the FA had completed their checks, so the takeover was further delayed while the PL conducted theirs.
http://www.bbc.co.uk/sport/0/football/18255401

Just goes to show what a massive, pointless waste of time these tests are then. Brought in with the sole aim of financial transparency, but still allow for moody offshore trusts, loan companies with unknown owners and mystery benefactors etc.