New investment confimred then…

[blythspartan]

Didn’t he actually meet with SCL as opposed to having a meeting at the stadium? It’s probably a sponsorship deal of sorts.

I wouldn’t be surprised if Dai brings in several minority investors and he’ll keep the majority share. Anyone interested in investing in us can already see our greatest asset is our youngsters. If we get their contracts sorted out we can get make huge profits selling them. To think after the B&B defeat to Marlow last year some on here were writing them off.

[Winston Biscuit]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

[YorkshireRoyal99]

Sounds like a bit of maverick. And only a maverick would be willing to fund Dai's continued failure of running the football club.

[Stranded]

Having slept on it - I have decided to take this as just a charlatan looking to enjoy some time in the sun, as he has a history of doing and continue to hope that someone more suitable comes along with an offer Dai can't refuse - as until he is gone we will just be limping along between crisises.

[Hound]

Did he ever actually give Haas F1 any money or was it all just a load of bollox to get his name on the car?

Seems to be more of the latter. Doubt anything much will come of it.

[Snowflake Royal]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

Being described by a judge, in not so many words, as a liar?

[From Despair To Where?]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

Try this for starters

https://www.insidehook.com/article/books/behind-f1-scandal-book-racing-rich-energy

[From Despair To Where?]

Did he ever actually give Haas F1 any money or was it all just a load of bollox to get his name on the car?

Seems to be more of the latter. Doubt anything much will come of it.

He did pull out of the Haas deal round about the time he lost the copyright infringement case with Whyte Bikes, which was the absolute epitome of an open and shut case, but arguably he never had the money in the first place. That's the case where the judge described him as "neither a credible or reliable witness ........ He had a tendency to make impressive statements, which on further investigation or consideration were not quite what they seemed."

He's variously been in the RAF, a professional footballer, a Zimbabwean tobacco farmer, a sports agent and an IT consultant. Not bad going for a 45 year old.

[Sutekh]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

We can't be sure. There's nothing actually proven aside from some shenanigans with copyrighting and the fact he seems to say things that just don't come to any fruition. If he's just going to initially provide cashflow to enable all the cr@p around late payments and non payment of tax to be resolved then that should be fine but ultimately no one's going to invest unless they get something out of it (unless he happens to be a big Reading fan maybe) and - as with anyone - fans need to understand what that might be (or preferably what it actually is but without being him or his "bestest mate in the world eva" I don't think that would be known about him (or anyone else coming in)).

Think the biggest worry is with what money he has (if any) and if he does have any then how and where it's been earned.

Rather have Peter Storey

[Greatwesternline]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

[blythspartan]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

You may well be right, but do you not feel that some of our youngsters (if tied down to long term contracts) will become valuable assets?

[genome]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

Look into his time in F1, bloke's a nutter

[Winston Biscuit]

he internet says this guy is bad news, yet no one seems to be able to actually say why he is bad news

Look into his time in F1, bloke's a nutter

Absolutely absolutely. Will take a look.

[Greatwesternline]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

You may well be right, but do you not feel that some of our youngsters (if tied down to long term contracts) will become valuable assets?

Not compared to our ongoing losses.

So for example, Reading have cumulative losses which they owe to their owner £60m plus. So Dai would probably like that money paid back to him before he agrees to selling players to pay back Stoney.

On top of that Reading continue to make big losses each year. So you'd need quite the factory of academy players being sold for £10m a pop to even think about Reading being able to pay out dividends to owners other than Storey.

[Stranded]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

I keep seeing this point re the training ground and it is always wrong. As per the last accounts - the Training Ground is owned by RFC Bearwood Ltd, which is a subsidary of The Reading Football Club Limited. Unless I missed a sale since June '22, the club own the training ground.

[Greatwesternline]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

I keep seeing this point re the training ground and it is always wrong. As per the last accounts - the Training Ground is owned by RFC Bearwood Ltd, which is a subsidary of The Reading Football Club Limited. Unless I missed a sale since June '22, the club own the training ground.

They own it, but its not a realisable asset. Its complicated. They have tangible assets of £980k.

They own 100% of the company RFC Bearwood, which does represent the training ground, but the reason why that isn't showing up as a big asset is because that company itself has debts of £38m, which wipe out the value of the stadium.

[Snowflake Royal]

Funny way of writing 'whoops, I got that wrong'

[Lower West]

If they are given 25% of the club ownership they will be listed on Companies House very soon.

Below that and they might not, depends in new shares are issued or if he buys some of Dai's.

Given only a minority ownership, he wouldnt have the voting power to change anything in the club, but would get a voice in decisions.

Is he investing in the club, or the holding company, or Dai's other companies? Don't forget, RFC don't own their stadium or training ground.

Unless we are told anything out right, we will never know enough of the details. We'll never know:
What voting rights he has acquired
What buying rights he has acquired
Whether he has first refusal on subsequent share sales
Whether he has invested money for shares in the club (equity with no legal debt to the club)
Whether he has invested via loans that need to be paid back but not got any voting rights

Ask yourself this, why would someone want to give away some of their money in exchange for a minority stake in a loss making football club with massive debts to its majority owner and no assets with which to pay the owner back.

I suspect he hasnt made any investment at all and is tweeting for the sheer banter of it. He's an attention seeker who is getting attention.

I keep seeing this point re the training ground and it is always wrong. As per the last accounts - the Training Ground is owned by RFC Bearwood Ltd, which is a subsidary of The Reading Football Club Limited. Unless I missed a sale since June '22, the club own the training ground.

They own it, but its not a realisable asset. Its complicated. They have tangible assets of £980k.

They own 100% of the company RFC Bearwood, which does represent the training ground, but the reason why that isn't showing up as a big asset is because that company itself has debts of £38m, which wipe out the value of the stadium.

Given the charge lodged on RFC Bearwood Ltd. Appears that Dai has borrowed money for the "Reading" project.

Persons entitled
Bangkok Bank Public Company Limited
Brief description
F/H property k/a land and buildings k/a part of the bearwood estate, mole road, wokingham, berkshire t/no BK413386.
Contains fixed charge.
Contains floating charge.
Contains negative pledge.

[Franchise FC]

Probably nothing to worry about as a judge reportedly said of Storey that he "had a tendency to make impressive statements, which on further investigation or consideration were not quite what they seemed".

Storey is DD ?

[Brogue]

Looking forward to what I can do as a club owner

Is this a full takeover the video in the link is confusing not sure what he’s saying 20 million investment but he’s offering 45 million. So is he looking to be an investor or buying the club?



https://x.com/richenergyceo/status/1704 ... zleRCWjxvA