Anyone For Chinese?

[Z175]

I'm rather concerned by the apathy shown on here. I have no concern over the new owners - they sound richer than the Thais.

I'm more concerned that the club's assets like the hotel, car park and land will have been effectively almost stolen! If the Chinese don't work out - then what is there left as security to save us from liquidation? The stadium ain't worth much if all the land around it is owned separately.

The only possible reason for supporting REP was as a value enhancing move for the football club. That is surely now shown to be not the intention at all.

I get this is something that has kind of happened already but this asset stripping can be stopped. If Reading borough council denied planning permission on the grounds of traffic issues (and the fact the land was originally sold by the council for development for a community asset, not Thai profits), then it is essentially worthless, and if the Thais walk away they have no incentive to take it with them.

The football league could also help by not approving the takeover unless the land is also sold...

Yet given the naivete of fans who think people want to "invest" in football clubs, I'm sure the Chinese will be welcomed with open arms and one of the stands named after "Lady" Sasima.

[Muskrat]

Er, might have to hold yer horses on this one. According to rumours accessible via mattdeanradio on twitter our would-be investors were seen near Hull yesterday in the company of the City chairman.

Well there you have it then, it couldn't be clearer. They intend to merge the two clubs into one, probably called Hull City Royals. As one parking space at the Mad Stad is worth more than the whole of the City of Hull, they'll sell off all the land and we'll play at the KC Stadium, with reserve games at the Mad Stad. The strip will be orange, white, blue and black in a gingham style.

[Lower West]

.

Yet given the naivete of fans who think people want to "invest" in football clubs, I'm sure the Chinese will be welcomed with open arms and one of the stands named after "Lady" Sasima.

As long as the club survives I don't really care who the owners are. If the wheels fall off then I'll go and watch Hungerford Town instead. Money ruined the game a long time ago. Only a matter of time before a "big" club goes into freefall. Money alone does not guarantee sucess.

[genome]

In Hull:

[royalp-we]

I'm rather concerned by the apathy shown on here. I have no concern over the new owners - they sound richer than the Thais.

I'm more concerned that the club's assets like the hotel, car park and land will have been effectively almost stolen! If the Chinese don't work out - then what is there left as security to save us from liquidation? The stadium ain't worth much if all the land around it is owned separately.

The only possible reason for supporting REP was as a value enhancing move for the football club. That is surely now shown to be not the intention at all.

I get this is something that has kind of happened already but this asset stripping can be stopped. If Reading borough council denied planning permission on the grounds of traffic issues (and the fact the land was originally sold by the council for development for a community asset, not Thai profits), then it is essentially worthless, and if the Thais walk away they have no incentive to take it with them.

Would the car park and surrounding land have been stolen? It's bought from us, effectively keeping us afloat and creating work for the local area..

The area is screaming out for development and it would benefit the club..., or we would just be left with... A ruddy car park?

The car park / hotel assets must cost a lot for up keep. Regardless of the owners, REP would benefit the club... Unfortunately I think we have no choice but to sell off the site in order to move forwards.

With clubs throughout the pyramid changing hands without car parks & hotels as club assets, even if the Chinese ownership didn't go well, I have no doubt we would still be an attractive buy compared to the majority of others

[Ian Royal]

Not sure what is scarier - having a couple of Chinese billionaires buy us or Snowball / Ian Royal / me having influence at board level....

Take me out and it's definitely the latter. I know my limits and being an interweb spaz is it. I'm not sticking my oar into a board room.

[Elm Park Kid]

I'm rather concerned by the apathy shown on here. I have no concern over the new owners - they sound richer than the Thais.

I'm more concerned that the club's assets like the hotel, car park and land will have been effectively almost stolen! If the Chinese don't work out - then what is there left as security to save us from liquidation? The stadium ain't worth much if all the land around it is owned separately.

The only possible reason for supporting REP was as a value enhancing move for the football club. That is surely now shown to be not the intention at all.

I get this is something that has kind of happened already but this asset stripping can be stopped. If Reading borough council denied planning permission on the grounds of traffic issues (and the fact the land was originally sold by the council for development for a community asset, not Thai profits), then it is essentially worthless, and if the Thais walk away they have no incentive to take it with them.

The football league could also help by not approving the takeover unless the land is also sold...

Yet given the naivete of fans who think people want to "invest" in football clubs, I'm sure the Chinese will be welcomed with open arms and one of the stands named after "Lady" Sasima.

I understand why people would draw this conclusion but it's not really important what assets RFC holds or doesn't at any one time. What's important is 1 - whether the footballing side is making a profit or loss and 2- the attitude and finances of the owners. If the football itself is profitable then the club is secure as that part can always just be sold off and kept going. However if it's not then the financial security of the club is entirely down to the willingness and ability of the owners to invest. You might say that holding assets makes a club 'solvent', but that's not really important for a privately owned business as long as it can maintain any debt repayments. And even if the club did hold lots of assets there's nothing to stop owners from borrowing against them to leave it in the same position if it didn't own them in the first place.

It's the same thing with how Chelsea technically owes Abramovich Billions - it's just an accountancy/tax thing. It doesn't effect the security of the club.

This is what you have to understand as a fan - your club is entirely dependent on the whim of the owner, nothing else matters. The council can't stop them 'asset stripping' or running it into the ground if they want to. The fans can't stop them, not even the players can stop them. You just have to hope and pray that every time someone buys you that they have the resources and commitment to keep you going.

[sandman]

I'm rather concerned by the apathy shown on here. I have no concern over the new owners - they sound richer than the Thais.

I'm more concerned that the club's assets like the hotel, car park and land will have been effectively almost stolen! If the Chinese don't work out - then what is there left as security to save us from liquidation? The stadium ain't worth much if all the land around it is owned separately.

The only possible reason for supporting REP was as a value enhancing move for the football club. That is surely now shown to be not the intention at all.

I get this is something that has kind of happened already but this asset stripping can be stopped. If Reading borough council denied planning permission on the grounds of traffic issues (and the fact the land was originally sold by the council for development for a community asset, not Thai profits), then it is essentially worthless, and if the Thais walk away they have no incentive to take it with them.

The football league could also help by not approving the takeover unless the land is also sold...

Yet given the naivete of fans who think people want to "invest" in football clubs, I'm sure the Chinese will be welcomed with open arms and one of the stands named after "Lady" Sasima.

I understand why people would draw this conclusion but it's not really important what assets RFC holds or doesn't at any one time. What's important is 1 - whether the footballing side is making a profit or loss and 2- the attitude and finances of the owners. If the football itself is profitable then the club is secure as that part can always just be sold off and kept going. However if it's not then the financial security of the club is entirely down to the willingness and ability of the owners to invest. You might say that holding assets makes a club 'solvent', but that's not really important for a privately owned business as long as it can maintain any debt repayments. And even if the club did hold lots of assets there's nothing to stop owners from borrowing against them to leave it in the same position if it didn't own them in the first place.

It's the same thing with how Chelsea technically owes Abramovich Billions - it's just an accountancy/tax thing. It doesn't effect the security of the club.

This is what you have to understand as a fan - your club is entirely dependent on the whim of the owner, nothing else matters. The council can't stop them 'asset stripping' or running it into the ground if they want to. The fans can't stop them, not even the players can stop them. You just have to hope and pray that every time someone buys you that they have the resources and commitment to keep you going.

Glad the fans in the eighties didn't have this attitude when Maxwell came calling.

[Baggie192]

I'm rather concerned by the apathy shown on here. I have no concern over the new owners - they sound richer than the Thais.

I'm more concerned that the club's assets like the hotel, car park and land will have been effectively almost stolen! If the Chinese don't work out - then what is there left as security to save us from liquidation? The stadium ain't worth much if all the land around it is owned separately.

The only possible reason for supporting REP was as a value enhancing move for the football club. That is surely now shown to be not the intention at all.

I get this is something that has kind of happened already but this asset stripping can be stopped. If Reading borough council denied planning permission on the grounds of traffic issues (and the fact the land was originally sold by the council for development for a community asset, not Thai profits), then it is essentially worthless, and if the Thais walk away they have no incentive to take it with them.

The football league could also help by not approving the takeover unless the land is also sold...

Yet given the naivete of fans who think people want to "invest" in football clubs, I'm sure the Chinese will be welcomed with open arms and one of the stands named after "Lady" Sasima.

Having Chinese owners from what's happened so far and this stand for both Wolves and Villa. They are not interested in asset stripping in fact it's the oppersite. They are trying to build brands in China, There are massive Tax Breaks in China for owning an overseas football clubs. We'll see what happens in January where our owner stands on investment. As, our sale wasn't finalised until late September Early October. Both Fosun and Dr Xia put money in though

[semtex1871]

Er, might have to hold yer horses on this one. According to rumours accessible via mattdeanradio on twitter our would-be investors were seen near Hull yesterday in the company of the City chairman.

Well there you have it then, it couldn't be clearer. They intend to merge the two clubs into one, probably called Hull City Royals. As one parking space at the Mad Stad is worth more than the whole of the City of Hull, they'll sell off all the land and we'll play at the KC Stadium, with reserve games at the Mad Stad. The strip will be orange, white, blue and black in a gangnam style.

Corrected for you......

[Horsham Royal]

Er, might have to hold yer horses on this one. According to rumours accessible via mattdeanradio on twitter our would-be investors were seen near Hull yesterday in the company of the City chairman.

Well there you have it then, it couldn't be clearer. They intend to merge the two clubs into one, probably called Hull City Royals. As one parking space at the Mad Stad is worth more than the whole of the City of Hull, they'll sell off all the land and we'll play at the KC Stadium, with reserve games at the Mad Stad. The strip will be orange, white, blue and black in a gangnam style.

Corrected for you......

Thais, Chinese and Koreans ?

[One8Seven1*]

Confirmed today by GetReading that it is only the brother and sister and not a consortium. I know it got a mention recently, but that's a positive for me at least. I'm not a fan of consortiums.

And they met with the Football League, so things are moving at some pace.

[CountryRoyal]

I'm bored, are we rich yet?

[maffff]

Well there you have it then, it couldn't be clearer. They intend to merge the two clubs into one, probably called Hull City Royals.

I assume we'll find a mutual halfway location for the ground somewhere around Leicester/Nottingham.

[Sutekh]

The potential Chinese takeover at Reading has moved a big step closer with the prospective new owners having now met with the Football League.

Brother and sister Dai Yongge and Dai Xiu Li are in advanced talks about buying a majority share of the club from the Thai consortium which currently runs things at Madejski Stadium.

And getreading has learnt that both Yongee and Xiu Li travelled to Preston last week to meet with the Football League - who will only sanction a takeover if the potential buyers pass their owners and directors test.

The test sees any potential owner go through a series of stringent checks, including on their past business dealings and their level of futire funding.

Both Yongee and Xiu Li saw an attempted takeover of Hull City fail in the summer when members of a consortium they put together failed to pass the Premier League’s owners and directors test.

But it is understood there is no consortium involved in their bid for Reading - and the fact that the pair have now spoken to the Football League is a significant step forward in their attempts to take control in Berkshire.

A deal is now looking increasingly likely which will see them take a majority share off the Thais - thought to be in the region of 75 per cent.

Sumrith Thanakarnjansuth, known as Tiger, who currently owns 25 per cent, and Narin Niruttinanon, who owns 50 per cent, will remain at the club - but they will have a much reduced shareholding. Pairoj Piempongsant, who was appointed as a director on November 24, will also remain.

Co-chairwoman Lady Sasima Srivikorn, however, will give up her entire 25 per cent stake.

Noting here that there still will be Thai involvement in the club, with only Lady Sasima departing, so any concerns over REP may not be something to worry about - at least just yet anyway.

[Z175]

Noting here that there still will be Thai involvement in the club, with only Lady Sasima departing, so any concerns over REP may not be something to worry about - at least just yet anyway.

I agree that could be hopeful - it hints that the Thais are still interested in the success of the club but want someone else to come in who actually has some money.

I understand why people would draw this conclusion but it's not really important what assets RFC holds or doesn't at any one time. What's important is 1 - whether the footballing side is making a profit or loss and 2- the attitude and finances of the owners. If the football itself is profitable then the club is secure as that part can always just be sold off and kept going. However if it's not then the financial security of the club is entirely down to the willingness and ability of the owners to invest. You might say that holding assets makes a club 'solvent', but that's not really important for a privately owned business as long as it can maintain any debt repayments. And even if the club did hold lots of assets there's nothing to stop owners from borrowing against them to leave it in the same position if it didn't own them in the first place.

It's the same thing with how Chelsea technically owes Abramovich Billions - it's just an accountancy/tax thing. It doesn't effect the security of the club.

This is what you have to understand as a fan - your club is entirely dependent on the whim of the owner, nothing else matters. The council can't stop them 'asset stripping' or running it into the ground if they want to. The fans can't stop them, not even the players can stop them. You just have to hope and pray that every time someone buys you that they have the resources and commitment to keep you going.

I think the answer to question 1 is almost always, "A loss". We were sailing close to the wind when "saved" by the Thais, and the asset rich position of the club must have been a factor. I highly doubt they would have stepped in if SJM tried to keep the hotel, car park etc..

And I understand that the owner can do pretty much anything - such as pay a fellow countryman 65k a week with no doubt, numerous kick backs into your own back pocket. Or pay your two advisors £1m p.a. salary.

The fact that at Reading we have seen this happen should make us all the more wary but I think, as you say, people assume there is nothing that can be done. I don't think that is quite the case with football clubs. League regulations, planning permission, there are a whole load of means to oppose shady businesspeople.

Sadly, if you look at Wimbledon, Portsmouth, Blackpool or Coventry , the club always suffers more. Maybe if REP was pulled and the Chinese walk away, the Thais do a Zingarevich disappearing act.

Having Chinese owners from what's happened so far and this stand for both Wolves and Villa. They are not interested in asset stripping in fact it's the oppersite. They are trying to build brands in China, There are massive Tax Breaks in China for owning an overseas football clubs. We'll see what happens in January where our owner stands on investment. As, our sale wasn't finalised until late September Early October. Both Fosun and Dr Xia put money in though

Let's really, ,really hope so! Unlike Zingarevich and the Thais, they do sound like they have money.

[WoodleyRoyal]

I think the answer to question 1 is almost always, "A loss". We were sailing close to the wind when "saved" by the Thais, and the asset rich position of the club must have been a factor. I highly doubt they would have stepped in if SJM tried to keep the hotel, car park etc..

In the championship yes but get to the prem and clubs are now making profit

http://www.bbc.co.uk/news/business-36412394

[maffff]

Let's really, ,really hope so! Unlike Zingarevich and the Thais, they do sound like they have money.

according to this - http://www.therichest.com/celebnetworth ... net-worth/ She's worth $2.2bn. Other sites have her down at £1.1bn. There's some stuff saying that she's made over €30bn from her businesses.

According to Forbes he's worth $270m. (#225 richest Chinese).

There's plenty of shady money laundering links posted over chinauncensored etc. Truth is, we'll probably never know their full value. Or how trustworthy they are until/unless we see for ourselves.

[maffff]

I keep seeing the name Huang Rulun cropping up..

(wonder if Huang Kad knows anything )

[One8Seven1*]

I keep seeing the name Huang Rulun cropping up..

(wonder if Huang Kad knows anything )

It's Huang Lika-Horz I'm weary of.