by blythspartan » 19 Mar 2024 08:55
by blythspartan » 19 Mar 2024 08:56
blythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
by Hendo » 19 Mar 2024 09:10
blythspartanblythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
Tweet not email.
by From Despair To Where? » 19 Mar 2024 09:12
by Greatwesternline » 19 Mar 2024 09:13
WestYorksRoyalSnowflake Royal In other big news, the Gov has finally pulled its finger out and the Football Governance Bill is getting an airing on Tuesday.
Too late for us, but regulator in coming.
oxf*rd you PL.
Just means this takeover is massive for us. If it all goes tits up for the incoming owners, we'll be protected by the regulator. This is the moment of maximum peril.
Ridiculous to see the PL opposing it but not surprising. I wonder where their fans sit. Certainly, I would expect most "legacy fans" to be on the side of the regulator.
by WestYorksRoyal » 19 Mar 2024 09:15
GreatwesternlineWestYorksRoyalSnowflake Royal In other big news, the Gov has finally pulled its finger out and the Football Governance Bill is getting an airing on Tuesday.
Too late for us, but regulator in coming.
oxf*rd you PL.
Just means this takeover is massive for us. If it all goes tits up for the incoming owners, we'll be protected by the regulator. This is the moment of maximum peril.
Ridiculous to see the PL opposing it but not surprising. I wonder where their fans sit. Certainly, I would expect most "legacy fans" to be on the side of the regulator.
You say protected by the regulator. The regulator won't be "protecting" clubs per se. If a regulator says all clubs need to be run at a break even cost, well, that might not be great news for Reading. Because we will be loss making so long as we have that massive cat 1 academy hanging over us in league 1.
Until the regulator is established, and sets out its requirements, no one knows what it will mean for clubs. There is also nothing a regulator can do about a club having its owner cut off all funding mid way through a season.
by Stranded » 19 Mar 2024 09:16
blythspartanblythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
Tweet not email.
by blythspartan » 19 Mar 2024 09:17
Hendoblythspartanblythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
Tweet not email.
Not seen SKY, but would imagine STAR are just trying to keep everyone grounded and reminding everyone that things can always fall through at the last minute if nothing changes.
by Greatwesternline » 19 Mar 2024 09:20
WestYorksRoyalGreatwesternlineWestYorksRoyal Just means this takeover is massive for us. If it all goes tits up for the incoming owners, we'll be protected by the regulator. This is the moment of maximum peril.
Ridiculous to see the PL opposing it but not surprising. I wonder where their fans sit. Certainly, I would expect most "legacy fans" to be on the side of the regulator.
You say protected by the regulator. The regulator won't be "protecting" clubs per se. If a regulator says all clubs need to be run at a break even cost, well, that might not be great news for Reading. Because we will be loss making so long as we have that massive cat 1 academy hanging over us in league 1.
Until the regulator is established, and sets out its requirements, no one knows what it will mean for clubs. There is also nothing a regulator can do about a club having its owner cut off all funding mid way through a season.
If an owner stops paying the bills, refuses to sell and threatens liquidation they will have more power. Obviously they can't protect us from bad investment and relegation. Dai's first 5 years could still happen but not the last 18 months.
by SouthDownsRoyal » 19 Mar 2024 09:25
From Despair To Where? He could buy Wycombe Wanderers for that.
by Hendo » 19 Mar 2024 09:29
From Despair To Where? The STAR tweet reads very much like "Let's not take anything for granted"
by Greatwesternline » 19 Mar 2024 09:29
HendoFrom Despair To Where? The STAR tweet reads very much like "Let's not take anything for granted"
Exactly how I read it as well.
by SouthDownsRoyal » 19 Mar 2024 09:31
blythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
by PieEater » 19 Mar 2024 09:31
Strandedblythspartanblythspartan What’s going on?
Mate just said SJM has been on Sky saying we’re about to go under and STAR have just sent an email about the March funding shortfall. Have talks fallen through?
Tweet not email.
I would imagine he's yanking your chain a bit on the first one.
Having seen the STAR tweet it is just another call to arms reminding people that there is still a shortfall for March so get to games if you can i.e. the Women's match at the stadium tomorrow night as every penny counts.
No more to it than that.
His Madj Meanwhile, former Reading chairman Sir John Madejski said he was optimistic the club would be sold in the near future.
"I think things will ratify in the near future and I think the club will be sold," he told BBC Radio Berkshire.
"There is some very wealthy owners lining up, about three as I understand it, and they've got some incredibly deep pockets.
"They might even decide to step in and keep the training ground, that would make a huge difference."
by Greatwesternline » 19 Mar 2024 09:32
by Hendo » 19 Mar 2024 09:34
Greatwesternline I noticed that STAR are running a sponsor a player for £1000 scheme. Not a bad idea, but why is it being run through STAR?
by Hound » 19 Mar 2024 09:38
GreatwesternlineHendoFrom Despair To Where? The STAR tweet reads very much like "Let's not take anything for granted"
Exactly how I read it as well.
They have two days to pay HMRC. Squeaky bum time.
by Greatwesternline » 19 Mar 2024 09:40
HendoGreatwesternline I noticed that STAR are running a sponsor a player for £1000 scheme. Not a bad idea, but why is it being run through STAR?
They're the official liaison between the club and it's supporters - would imagine this is right in their wheelhouse.
Plus I don't think supporters would be very trusting giving the club any money at the moment. Rather give it to STAR would then be able to send it to the right account at the club.
by Greatwesternline » 19 Mar 2024 09:41
HoundGreatwesternlineHendo
Exactly how I read it as well.
They have two days to pay HMRC. Squeaky bum time.
Just means another 2 point deduction doesn’t it? Kind of priced that in already
by SouthDownsRoyal » 19 Mar 2024 09:41
HoundGreatwesternlineHendo
Exactly how I read it as well.
They have two days to pay HMRC. Squeaky bum time.
Just means another 2 point deduction doesn’t it? Kind of priced that in already
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