#SellBeforeWeDai Action/Inaction Group

[Wycombe Royal]

Can he be reported as being unfit to be a director?

[NathStPaul]

Reading fans have donated thousands towards a statue for port vale

This was my idea but I am more than happy for Sell Before We Dai to take the credit, would have been nice of them to acknowledge it though. They'll get the exposure that way and get credit in the bank from other football supporters.

i saw someone tag you

That was the Port Vale side I think, Sell Before We Dai wouldn't do that. Like I said I am happy for them to take the credit on this one, this makes them look great which of course we need at the moment.

[NathStPaul]

Jeez, over £3000 raised in 48 hours? That is some effort from our supporters.

[Hound]

Jeez, over £3000 raised in 48 hours? That is some effort from our supporters.

Fair play Nath, good idea and great support

[Brogue]

Jeez, over £3000 raised in 48 hours? That is some effort from our supporters.

Fair play Nath, good idea and great support

i actually think its more than that. It was on about 78k its now on 83k

[PieEater]

Jeez, over £3000 raised in 48 hours? That is some effort from our supporters.

Fair play Nath, good idea and great support

i actually think its more than that. It was on about 78k its now on 83k

What statue - where? Post a link then we can all chip in

[Brogue]

Fair play Nath, good idea and great support

i actually think its more than that. It was on about 78k its now on 83k

What statue - where? Post a link then we can all chip in

https://www.gofundme.com/f/john-rudge-statue-fund

[PieEater]

i actually think its more than that. It was on about 78k its now on 83k

What statue - where? Post a link then we can all chip in

https://www.gofundme.com/f/john-rudge-statue-fund

Cheers Brogue, I chucked in a tenner. Lots of messages from Reading fans - I couldn't work out how to add one

[Snowflake Royal]

What statue - where? Post a link then we can all chip in

https://www.gofundme.com/f/john-rudge-statue-fund

Cheers Brogue, I chucked in a tenner. Lots of messages from Reading fans - I couldn't work out how to add one

Same.

[Brogue]

you add the message after donation there is a comments box

[RoyalBlue]

Ultimate responsibility rests with Dai, but short of sending a firm to Hong Kong he's hard to reach directly. Pang is CEO who has a lot of blood on his hands and culpability. Taking the fight to him is the next best option. We should probably also make clear that every time Dai sets foot in this country we'll give him hell, for the rest of his life if we go bust.

Aren't Pang and Dai on other sides of a court case at the moment - Dai owes money to a company that Pang runs, or Pang is the UK designate for?

Not sure that really helps the situation in terms of getting this all sorted in the way we want.

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

[Brogue]

thanks forbes for stickying this

[Clyde1998]

Ultimate responsibility rests with Dai, but short of sending a firm to Hong Kong he's hard to reach directly. Pang is CEO who has a lot of blood on his hands and culpability. Taking the fight to him is the next best option. We should probably also make clear that every time Dai sets foot in this country we'll give him hell, for the rest of his life if we go bust.

Aren't Pang and Dai on other sides of a court case at the moment - Dai owes money to a company that Pang runs, or Pang is the UK designate for?

Not sure that really helps the situation in terms of getting this all sorted in the way we want.

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

Very interesting thread: https://twitter.com/mikeygow/status/1746344764499226881

1. Dai Yongge bribed Sun Lijun to bring PSB investigation and criminal charges against Guan

Another outcome was of the trial was that Guan had to pay Renhe Group (Dai Yongge’s company) ¥623m in reparations for the alleged fraud.

But the company at which the alleged fraud took place was never owned by Dai Yongge.

It’s unclear what consequences, if any, there could be from this for Dai. But if a retrial acquits Guan (and there’s a 99.7% conviction rate in PRC criminal courts - so they may delay the retrial inevitably or until he can be released without the system admitting a mistake). Dai could have to reimburse Guan the ¥623m he and Renhe Group was awarded after the initial trial

Add that to the ¥1.175bn a Liaoning High Court judgement demanded last week that Dai and companies must repay to state-owned banks and another potential ¥1.7bn in a separate yet very similar case brought against Dai and his companies in Feb 2023 and it’s not looking good for Dai Yongge.

[Snowflake Royal]

Ultimate responsibility rests with Dai, but short of sending a firm to Hong Kong he's hard to reach directly. Pang is CEO who has a lot of blood on his hands and culpability. Taking the fight to him is the next best option. We should probably also make clear that every time Dai sets foot in this country we'll give him hell, for the rest of his life if we go bust.

Aren't Pang and Dai on other sides of a court case at the moment - Dai owes money to a company that Pang runs, or Pang is the UK designate for?

Not sure that really helps the situation in terms of getting this all sorted in the way we want.

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

Because they know what the rules are, and what the timeline was, mainly.

[Gus the teenage cow]

With all the good vibes between port vale and ourselves at the moment, I would could a "thinking outside the box" solution to our current woes be a merger with them? An opportune moment to make the proposal anyway.

[RoyalBlue]

Aren't Pang and Dai on other sides of a court case at the moment - Dai owes money to a company that Pang runs, or Pang is the UK designate for?

Not sure that really helps the situation in terms of getting this all sorted in the way we want.

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

Because they know what the rules are, and what the timeline was, mainly.

I'm not referring to FFP breaches, I'm talking about the fact that they approved his ownership in the first place, even though EPL had rejected him and there were already red flags raised about the way he conducted business. The bar for ownership may have been set extremely low at the time but that bar was set by the EFL.

[Snowflake Royal]

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

Because they know what the rules are, and what the timeline was, mainly.

I'm not referring to FFP breaches, I'm talking about the fact that they approved his ownership in the first place, even though EPL had rejected him and there were already red flags raised about the way he conducted business. The bar for ownership may have been set extremely low at the time but that bar was set by the EFL.

So am I. And you know this, because its been explained to you dozens of times.

[El Diablo]

Anyone who knows financing, can they give a little input into what the figures here mean.

Believe this is the company who own the stadium (and training ground?)

If I'm right in thinking it's in £140m worth of debt but I might be wrong...

https://find-and-update.company-informa ... ng-history

The ultimate Holding company is in Hong Kong. As with all Chinese companies though this is via a company based in the Cayman Islands. The June 2022 accounts clearly state that all the assets are being used as security for loans. The Bearwood training facility having a charge on it from the Bank of Bangkok.

Shortly the June 2023 accounts will have to be filed. Likely to show a far worse financial position.

Suspect that any sale of the club is being made more complex by what's invisible to the eye. Dai's own personal money can be written off. Other creditors whose loans are secured to the company's assets will either require repayment or the new owners taking on the debt. Which potentially makes the club worthless as it stands, Investors might as well wait and buy the club from administrators . Than pay Dai money and be saddled with a load of debt. While stll requiring the capital to invest.

Might as well buy a "Wrexham" or "Gillingham". i.e. with far less debt. Then use the money at hand to take the club forward.

Just on the Bangkok Bank charge against Bearwood , looking at Co house, it appears that was satisfied in November '23. Which is no bad thing .

https://find-and-update.company-informa ... WgFs3iqq5M[url][/url]

[Stranded]

Not sure that's the case. But for all of 'the dirt' on Dai (and there's plenty of it), it's well worth following this guy on Twitter/X https://twitter.com/mikeygow/status/1746263168840552952

It seems Dai likes to help ex-offenders and in 2013 hired a guy to help him who had been sentenced in China to 6 years imprisonment for embezzlement!

Given all of this, it seems absolutely incredible that EFL decided that someone like Dai was suitable to own our (or indeed any other) club. Yet still some question how the EFL are at fault for the mess we find ourselves in!

Because they know what the rules are, and what the timeline was, mainly.

I'm not referring to FFP breaches, I'm talking about the fact that they approved his ownership in the first place, even though EPL had rejected him and there were already red flags raised about the way he conducted business. The bar for ownership may have been set extremely low at the time but that bar was set by the EFL.

The owners test is simply - does he have enough money, and can show he does. Does he have any disqualifying conditions? That's it - it is a check to ensure the person taking over can run the club at the time of the takeover - it does not offer any ongoing check that they are suitable 7 years later - that is the failure. Ownership checks should be ongoing.

[stealthpapes]

Jeez, over £3000 raised in 48 hours? That is some effort from our supporters.

Think my favourite is

"£16 for the 16 points deducted by the EFL so far at Reading. Sorry for all the grief on Saturday. At least you got to enjoy a goal for 5 seconds. Enjoy the rest of the season."

yeah, great idea and really good effort from RFC fans here.