RFC accounts for 2021/2 published

[Sutekh]

I thought all club owners had to present a clear open business model to the FL for audit when buying a club so that ownership and money trails couldn't be hidden away in various places and it was clear who was involved and where the finances were coming from, but perhaps that's a bit like common sense and therefore a bit too much to expect.

but that is at the time of purchase. What happens two years later? Who knows what the controls are at that point? Seemingly very little

Perhaps, then, the FL (and PL) should be demanding clubs provide this sort of proof to them as part of the club's annual audit of accounts, failure to do so being penalised by a set amount of points etc.

[3points]

I thought all club owners had to present a clear open business model to the FL for audit when buying a club so that ownership and money trails couldn't be hidden away in various places and it was clear who was involved and where the finances were coming from, but perhaps that's a bit like common sense and therefore a bit too much to expect.

but that is at the time of purchase. What happens two years later? Who knows what the controls are at that point? Seemingly very little

Perhaps, then, the FL (and PL) should be demanding clubs provide this sort of proof to them as part of the club's annual audit of accounts, failure to do so being penalised by a set amount of points etc.

some form of annual declaration by the ultimate beneficial owner(s) and subsequent compliance check would seem blindingly obvious to us mere football fans. Which is probably why the EFL doesn't do anything

[Royals and Racers]

Confirmation statement issued today on RFC.
Variation in share issue possibly ?

[Fezza]

Confirmation statement issued today on RFC.
Variation in share issue possibly ?

Rehne now having just under 11.5 million more shares than the same point last year, I assume this relates to the money “generated” in June and April (?) to cover the debts (unpaid loans and wages)?

Reading Asia still hold the same amount as before (I assume this is the remaining Thai owner rather than Dai?)

[Ten Bobsworth]

Confirmation statement issued today on RFC.
Variation in share issue possibly ?

Rehne now having just under 11.5 million more shares than the same point last year, I assume this relates to the money “generated” in June and April (?) to cover the debts (unpaid loans and wages)?

Reading Asia still hold the same amount as before (I assume this is the remaining Thai owner rather than Dai?)

[Royalwaster]

Confirmation statement issued today on RFC.
Variation in share issue possibly ?

Rehne now having just under 11.5 million more shares than the same point last year, I assume this relates to the money “generated” in June and April (?) to cover the debts (unpaid loans and wages)?

Reading Asia still hold the same amount as before (I assume this is the remaining Thai owner rather than Dai?)

Are you and Fezza identical twins?

[Ten Bobsworth]

Confirmation statement issued today on RFC.
Variation in share issue possibly ?

Rehne now having just under 11.5 million more shares than the same point last year, I assume this relates to the money “generated” in June and April (?) to cover the debts (unpaid loans and wages)?

Reading Asia still hold the same amount as before (I assume this is the remaining Thai owner rather than Dai?)

In round figures, Renhe Sports Management own 98% of Reading FC with Reading Asia owning the other 2%.

Reading Asia seem to have a few unresolved issues of their own but ignoring minor detail, Reading's funding has been provided by Great Shine International Ltd (via Renhe). Great Shine is registered in Hong Kong and reported to be owned by Yongge Dai. It was owed £220m by Renhe at 30 June 2022, Renhe's last reported balance sheet date.

Great Shine have thrown a fortune at Reading. It hasn't worked out and they plainly need to stop the rot. Its not that dissimilar to what happened to Bolton in 2016 except that the owner in Bolton's case was a lifelong fan who continued to lend financial support to the club (via Ken Anderson) until he (Eddie Davies) died in September 2018 two or three days after he had rescued the club for the umpteenth time.

It was only a temporary reprieve though. Bolton went into administration in 2019 but have since recovered via Football Ventures.

[Fezza]

Rehne now having just under 11.5 million more shares than the same point last year, I assume this relates to the money “generated” in June and April (?) to cover the debts (unpaid loans and wages)?

Reading Asia still hold the same amount as before (I assume this is the remaining Thai owner rather than Dai?)

Are you and Fezza identical twins?

I'm confused... did he write anything of note - I have him on ignore as I've had enough of the Bolton shit. Mine was a question to R & R as I was unsure of what the statement meant (other than being an annual occurrence).

[Ten Bobsworth]

Are you and Fezza identical twins?

I'm confused... did he write anything of note - I have him on ignore as I've had enough of the Bolton shit. Mine was a question to R & R as I was unsure of what the statement meant (other than being an annual occurrence).

For the benefit of anyone with their listening ears or thinking heads on, its confirming who owned the shares in The Reading Football Club Ltd on 8 December 2023. That's all.

[Snowflake Royal]

Are you and Fezza identical twins?

I'm confused... did he write anything of note - I have him on ignore as I've had enough of the Bolton shit. Mine was a question to R & R as I was unsure of what the statement meant (other than being an annual occurrence).

Good idea.

[Ten Bobsworth]

Are you and Fezza identical twins?

I'm confused... did he write anything of note - I have him on ignore as I've had enough of the Bolton shit. Mine was a question to R & R as I was unsure of what the statement meant (other than being an annual occurrence).

Good idea.

Mmmmmmmmmmmmmmmmm.

[Ten Bobsworth]

Are you and Fezza identical twins?

I'm confused... did he write anything of note - I have him on ignore as I've had enough of the Bolton shit. Mine was a question to R & R as I was unsure of what the statement meant (other than being an annual occurrence).

Good idea.

There's always room on the 'thick table'.

[Ten Bobsworth]

Like pigs in muck, there are folk who are only content when in the company of foul-mouthed no marks with anger management issues. Yet when I look back earlier on this thread, I can see there were contributors with their thinking heads on.

Have they given up? In my short experience, I couldn't blame them if they have as the site does seem to be dominated by 'schoolyard bullies' who have never grown up.

[Sutekh]