RFC accounts for 2021/2 published

[Snowflake Royal]

ISTR - although I may well be wrong on this - that SJM reclaimed some of his soft debt at this time. But it gets complicated - TSI bought 51% of the club for £12.7m, and had an option to buy the other 49% for £12.3m, and I don't believe that either instalment was ever actually paid by the Russians/charlatans. But SJM didn't just give the club away, so maybe an/both instalment was made from PL money? I don't remember - that's if we ever knew in the first place.

Recollection also hazy, but I think the first payment went through or the deal wouldn’t have happened, and the second didn’t, hence the club essentially reverting to Madejski.

SJM presumably got his money from the initial salw fee, and subsequent sale to the Thais, as new owners buy the debt as much as they buy the club iirc.

I definitely remember hearing that the first payment was never made.

How could the ownership transfer have taken place and been ratified then? No payment, no sale.

[Dirk Gently]

Recollection also hazy, but I think the first payment went through or the deal wouldn’t have happened, and the second didn’t, hence the club essentially reverting to Madejski.

SJM presumably got his money from the initial salw fee, and subsequent sale to the Thais, as new owners buy the debt as much as they buy the club iirc.

I definitely remember hearing that the first payment was never made.

How could the ownership transfer have taken place and been ratified then? No payment, no sale.

You'd think so, wouldn't you? Perhaps things were taken on a promise that never materialised, or were paid out of PL income? No idea, but I can categorically say I was told that TSI/AZ didn't pay a penny themselves.

[Snowflake Royal]

I definitely remember hearing that the first payment was never made.

How could the ownership transfer have taken place and been ratified then? No payment, no sale.

You'd think so, wouldn't you? Perhaps things were taken on a promise that never materialised, or were paid out of PL income? No idea, but I can categorically say I was told that TSI/AZ didn't pay a penny themselves.

No offence, but you 'were told' on something that happened 10 years ago isn't particularly convincing.

[Dirk Gently]

How could the ownership transfer have taken place and been ratified then? No payment, no sale.

You'd think so, wouldn't you? Perhaps things were taken on a promise that never materialised, or were paid out of PL income? No idea, but I can categorically say I was told that TSI/AZ didn't pay a penny themselves.

No offence, but you 'were told' on something that happened 10 years ago isn't particularly convincing.

If you say so, and I'm not going to spend the time rising to your perpetual need to manufacture arguments.

But I was told it by someone who absolutely was at the centre of the football club at the time and would absolutely know this. I may even have it on tape, but I honestly can't be bothered to search through and check just so I can convince myself I outwitted someone on the internet...

[Snowflake Royal]

You'd think so, wouldn't you? Perhaps things were taken on a promise that never materialised, or were paid out of PL income? No idea, but I can categorically say I was told that TSI/AZ didn't pay a penny themselves.

No offence, but you 'were told' on something that happened 10 years ago isn't particularly convincing.

If you say so, and I'm not going to spend the time rising to your perpetual need to manufacture arguments.

But I was told it by someone who absolutely was at the centre of the football club at the time and would absolutely know this. I may even have it on tape, but I honestly can't be bothered to search through and check just so I can convince myself I outwitted someone on the internet...

I'm not manufacturing an argument, I'm just not accepting an extraordinary claim on someone's word. You're getting pissy because I'm not just treating everything you say as gospel.

It's got nothing to do with out witting anyone.

[Dirk Gently]

No offence, but you 'were told' on something that happened 10 years ago isn't particularly convincing.

If you say so, and I'm not going to spend the time rising to your perpetual need to manufacture arguments.

But I was told it by someone who absolutely was at the centre of the football club at the time and would absolutely know this. I may even have it on tape, but I honestly can't be bothered to search through and check just so I can convince myself I outwitted someone on the internet...

I'm not manufacturing an argument, I'm just not accepting an extraordinary claim on someone's word. You're getting pissy because I'm not just treating everything you say as gospel.

It's got nothing to do with out witting anyone.

If you say so...

But I'm certainly not pissy. I shared something in good faith to try to contribute to the discussion, but at the end of the day I don't give a flying fcuk whether you believe it or not.

[Tilehurstsouthbank]

Get a room you two...

[Dirk Gently]

Get a room you two...

Don't worry, I'm done with this...

[Royals and Racers]

Document description: Termination of appointment of secretary
Comments: Termination of appointment of Bryan Stabler as a secretary on 2023-04-14

[Mid Sussex Royal]

Document description: Termination of appointment of secretary
Comments: Termination of appointment of Bryan Stabler as a secretary on 2023-04-14

Think he's retiring

[Royals and Racers]

Document description: Termination of appointment of secretary
Comments: Termination of appointment of Bryan Stabler as a secretary on 2023-04-14

Think he's retiring

Document description: Appointment of secretary
Comments: Appointment of Mr Graham Peter Odell as a secretary on 2023-04-19

[Royals and Racers]

Just had notification of a new posting re Reading FC and companies house title return of allotment of shares.- which was on May 2nd.
Anyone know if that’s important or a paperwork exercise ?

[Anfield Royal]

Just had notification of a new posting re Reading FC and companies house title return of allotment of shares.- which was on May 2nd.
Anyone know if that’s important or a paperwork exercise ?

Things are that bad we're now growing our own veg.

[Sutekh]

Just had notification of a new posting re Reading FC and companies house title return of allotment of shares.- which was on May 2nd.
Anyone know if that’s important or a paperwork exercise ?

Things are that bad we're now growing our own veg.

But can only afford to do so on a part time basis.

[Snowflake Royal]

Just had notification of a new posting re Reading FC and companies house title return of allotment of shares.- which was on May 2nd.
Anyone know if that’s important or a paperwork exercise ?

Geberally curious why you get notifications if you don't know what it means?

[Clyde1998]

Just had notification of a new posting re Reading FC and companies house title return of allotment of shares.- which was on May 2nd.
Anyone know if that’s important or a paperwork exercise ?

"Statement of capital following an allotment of shares on 2 May 2023
GBP 122,803,005"

I wonder if that's transferring debt to shares (debt/equity swap)? https://www.investopedia.com/ask/answer ... tyswap.asp

EDIT: It appears the actual value is around £6m from the documents - which seems like a owner cash injection rather than anything like a debt/equity swap.

The £122,803,005 figure is the nominal value of all shares outstanding.

[dizzynewheights]

Big man pumps in 6 large just moments after I buy a season ticket.

Coincidence

Seems unlikely

[paultheroyal]

So in summary, Dai don’t deal with words or benign statements fans want to drool over but comes up with hard positive cash investment.

Is that the crux of it?

[dizzynewheights]

It appears his top priority is not babying twitter virgins crying out for constant reassurance, yes.

[Stranded]

So under L1 rules, this 6m will be considered part of the clubs turnover along with the Puscas fee.