CONFRIMED: Latest rumours Confrimed as Unconfrimed

[windermereROYAL]

If this guy is involved it just looks like son of Dai tbh.
https://www.largsandmillportnews.com/sp ... al-hammad/

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

[Norfolk Royal]

If this guy is involved it just looks like son of Dai tbh.
https://www.largsandmillportnews.com/sp ... al-hammad/

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

You think? I wouldn’t be so sure.

[windermereROYAL]

If this guy is involved it just looks like son of Dai tbh.
https://www.largsandmillportnews.com/sp ... al-hammad/

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

You think? I wouldn’t be so sure.

He`s got history of not paying wages, after the last 2 years do you think they want to keep punishing us? It`s in their best interest to have a well run and stable Reading football club.

[WestYorksRoyal]

After the advice from Bolton fans to Reading fans last week not to let Anderson near our club, Wigan fans are now advising us not to let Al Hammad near us. Thanks for the advice. Let me give Dai and Kia a call and tell them to sell to someone else.

[Snowflake Royal]

I can't believe the EFL will pass any director related to our takeover who isn't speaky clean. They can't run the risk of getting it wrong again.

Their reutation is on the line here.

There's not exactly leeway. If the money is evidenced, and they don't have a clear disqualifying criteria, they pass. End. Otherwise the FL just open themselves up to having the arse sued out of them by angry rich people.

Not exactly thrilled by this angle, and I don't know a lot about Wigan's issues, but if it wasn't rampant and bad overspending, but money just not materialising. More Zingarevich than Dai. Now if this Chairman bloke wasn't actually part of the source of the money, and just running the show when funding didn't show up, I'm not sure how responsible he could be held for not paying the bills, in the same way none of us hold Bowen, or even Pang potentially, responsible for the mess we're in. Or Howe in Zingarevich's case.

So it's not exactly positive news if this is the team taking over, but it also isn't necessarily definitely bad.

[Snowflake Royal]

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

You think? I wouldn’t be so sure.

He`s got history of not paying wages, after the last 2 years do you think they want to keep punishing us? It`s in their best interest to have a well run and stable Reading football club.

This isn't a subjective process. There is an objective process.

If Satan were real, didn't have any fraud convictions or similar and could point to a big enough bank account the FL would approve him.

[WestYorksRoyal]

I can't believe the EFL will pass any director related to our takeover who isn't speaky clean. They can't run the risk of getting it wrong again.

Their reutation is on the line here.

There's not exactly leeway. If the money is evidenced, and they don't have a clear disqualifying criteria, they pass. End. Otherwise the FL just open themselves up to having the arse sued out of them by angry rich people.

Not exactly thrilled by this angle, and I don't know a lot about Wigan's issues, but if it wasn't rampant and bad overspending, but money just not materialising. More Zingarevich than Dai. Now if this Chairman bloke wasn't actually part of the source of the money, and just running the show when funding didn't show up, I'm not sure how responsible he could be held for not paying the bills, in the same way none of us hold Bowen, or even Pang potentially, responsible for the mess we're in. Or Howe in Zingarevich's case.

So it's not exactly positive news if this is the team taking over, but it also isn't necessarily definitely bad.

While you've been riling me up on the Selles thread, I'd say 100% this. Of course, you can't really find out anything useful about Genevra online so funding could be an issue for all we know. A reputable investment firm will have details on companies they've invested in and assets under management figures available online, but absolutely nothing to find with Genevra. They tried to buy a stake in Man Utd earlier in the year, so I'd expect what they're paying here to be small beer in comparison.

And of course, we have no idea how good they would be at actually running the club.

[Stranded]

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

You think? I wouldn’t be so sure.

He`s got history of not paying wages, after the last 2 years do you think they want to keep punishing us? It`s in their best interest to have a well run and stable Reading football club.

The "lack of" money men had a history of not paying. Do we know if he had the cash or if he was just put in charge on the ground?

If the latter and he was essentially employed, then any bad decision by the owner are not on him. I am suspect but will reserve all judgement until any deal is confirmed, which tbh at this point I would probably be about any deal.

[blythspartan]

I can't believe the EFL will pass any director related to our takeover who isn't speaky clean. They can't run the risk of getting it wrong again.

Their reutation is on the line here.

There's not exactly leeway. If the money is evidenced, and they don't have a clear disqualifying criteria, they pass. End. Otherwise the FL just open themselves up to having the arse sued out of them by angry rich people.

Not exactly thrilled by this angle, and I don't know a lot about Wigan's issues, but if it wasn't rampant and bad overspending, but money just not materialising. More Zingarevich than Dai. Now if this Chairman bloke wasn't actually part of the source of the money, and just running the show when funding didn't show up, I'm not sure how responsible he could be held for not paying the bills, in the same way none of us hold Bowen, or even Pang potentially, responsible for the mess we're in. Or Howe in Zingarevich's case.

So it's not exactly positive news if this is the team taking over, but it also isn't necessarily definitely bad.

This is a well balanced read.

I still think it will probably all end in disaster if Genevra takeover, but I am basing that on past events.

Just like when I wanted Wilder as manager I want Ashley as owner. Anyway, time will tell whether they’re just a bunch of shysters.

[YorkshireRoyal99]

I can't believe the EFL will pass any director related to our takeover who isn't speaky clean. They can't run the risk of getting it wrong again.

Their reutation is on the line here.

There's not exactly leeway. If the money is evidenced, and they don't have a clear disqualifying criteria, they pass. End. Otherwise the FL just open themselves up to having the arse sued out of them by angry rich people.

Not exactly thrilled by this angle, and I don't know a lot about Wigan's issues, but if it wasn't rampant and bad overspending, but money just not materialising. More Zingarevich than Dai. Now if this Chairman bloke wasn't actually part of the source of the money, and just running the show when funding didn't show up, I'm not sure how responsible he could be held for not paying the bills, in the same way none of us hold Bowen, or even Pang potentially, responsible for the mess we're in. Or Howe in Zingarevich's case.

So it's not exactly positive news if this is the team taking over, but it also isn't necessarily definitely bad.

Yeah I'd say that's a pretty fair assessment. Also read that it will depend who is directly involved in the club as well. Could a lot of Wigan's issues been impacted through Covid as well potentially? I don't know how rich (or not) Genevra are/were but they may have just had to cut back massively on their spending during Covid times.

[From Despair To Where?]

According to the local press in Wigan, he's only brokering the deal. That could mean that his involvement goes no further than setting up a deal.

We don't know, though.

[Sutekh]

If this guy is involved it just looks like son of Dai tbh.
https://www.largsandmillportnews.com/sp ... al-hammad/

Calm the fuck down, there`s no way the EFL are approving it if this guy is involved.

Whoever is chairman might possibly be just a "front" for those providing the money so may ultimately be irrelevant in the scheme of things, just depends how any deal is structured.

[Sutekh]

The Genevra philosophy, according to their website, is

https://genevra.net/philosophy

[Sutekh]

Exclusivity expected to be given today/tomorrow, club hoping it can all be completed and signed off by January, or just into the new year at the latest.

FL are thought to also have been involved in talks to help getting the right things in place and to enable a speedier passage through ODT etc.

Talal Al-Hammad I believe is a partner at Genevra and so has been involved in that respect, it should be noted though that Genevra were not involved at Wigan. Wigan's story is that in 2020 they were sold to a Hong Kong outfit called Next Leader Fund who immediately refused to invest promised funds which pushed the club into administration earning a 12 point deduction and relegation to the third tier.

After much discussion the administrators eventually found a buyer for the club, Phoenix 2021, led by a Bahrain based businessman, Abdulrahman Al-Jasmi. Mr Al-Hammad was also part of the Phoenix bid and was installed as club chairman. Wigan won the third tier title in their first full season under their new owners to return to the Championship for 2022/23 but hit "liquidity" problems leading to several late payments of wages towrds the end of that season and into this. Wigan were then sold (again) to Wigan-born billionaire and Wigan Warriors RLFC co-owner Mike Danson over the summer.

So one would presume that Mr Al-Hammad (now resigned from Phoenix 2021) would become the next Reading chairman if the deal is successful but that might not be the case. I believe that initially at Wigan he was well liked and things went well but I can't find anything specific on what caused the liquidity issues but it should be noted that Genevra are a different set up to Phoenix 2021 and therefore the finances should be structured in a different manner and sourced from different funds.

So while it should be an improvement and more stable situation for the club as a whole I think the change in ownership will still be of a concern to all until things settle in a bit and we can all see how it it affects the vital parts such as team affairs and in its communication strategy (let's face it that last one shouldn't be too difficult to improve).

[Brogue]

What is it that you’ve been told exclusively?

Exclusively told exclusivity for the preferred bidder will be announced next week

Just going to put one of these here… doubters gunna doubt but brogue bring you the real facts from the real man

[Brum Royal]

What is it that you’ve been told exclusively?

Exclusively told exclusivity for the preferred bidder will be announced next week

Just going to put one of these here… doubters gunna doubt but brogue bring you the real facts from the real man

Careful Brogue, next you'll be suggesting we need to bring in Gary Alexander and watch him flyyyyyy

[From Despair To Where?]

...whilst having a Cuban and a pizza.

Brogue, the Totally Well Advised Tipster.

[blythspartan]

What is it that you’ve been told exclusively?

Exclusively told exclusivity for the preferred bidder will be announced next week

Just going to put one of these here… doubters gunna doubt but brogue bring you the real facts from the real man

Tbf, other than the post that started this thread you have been spot on about everything else.

[windermereROYAL]

What is it that you’ve been told exclusively?

Exclusively told exclusivity for the preferred bidder will be announced next week

Just going to put one of these here… doubters gunna doubt but brogue bring you the real facts from the real man

Would that be the same Brogue that had to change the title of this thread because they jumped the gun too early?

[NathStPaul]

Exclusively told exclusivity for the preferred bidder will be announced next week

Just going to put one of these here… doubters gunna doubt but brogue bring you the real facts from the real man

Would that be the same Brogue that had to change the title of this thread because they jumped the gun too early?

Pipe down before Brogue embarrasses you.