CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Linden Jones' Tash]

In summary then.

A deal has been agreed in principle (https://www.footballinsider247.com/read ... h-sources/), it's just the owner's tests to be passed and then we can hopefully all get back to some sense of being a normal league club again.

IF it does all go through (and there's still space for it to collapse) then the suggestion is that the new owners will be the Swiss based Chiron Sports Group who are mainly backed by Christian Angermayer and Robin Lauber. Other names involved are Leo Rifkind (formerly a director at Charlton Athletic) who manages the group while another investor, Sam Helmey, also has investments in Vitesse Arnhem and Leyton Orient so there'll need to be clarification on whether or not he has any involvement at Reading.

Chiron are essentially Venture capitalists who look to take sport related organisations on board with a view to adding as much value as possible and then selling them on again, so their ownership might be short term (hopefully, as that would mean quick success on the pitch) though one would hope any future sale would be without the distress associated with this sale.

So seems it's now all with the FL and presumably, as suggested earlier in this thread, they'll be as anxious to see the back of Dai as the rest of us.

So watch this space.

good summary - that's my take on it.

someone posted a strategy document (unknown provenance) that outlined the following:

Arbitrage
Overview -"buy low, operate sell high" - value transactions using deep sector knowledge
Investment profile - exploit lack of data usage and business acumen to unlock potential on and off the field
Pipeline - acquisition of a firmer premier league team at a significant discount to market

make of that what you will...

[Snowflake Royal]

Safe to say wouldn’t be hard to exploit our lack of business acumen over the last 6 years to get improvement.

[WestYorksRoyal]

1 week of the initial exclusivity period remaining. Though it can be extended of course. Anybody else starting to get nervous again?

[From Despair To Where?]

No, because there's enough evidence out there to suggest things are moving forward.

[Franchise FC]

No, because there's enough evidence out there to suggest things are moving forward.

Agreed
If Dai pulls out now I can’t see how the club survives at all as the security will be enacted

[windermereROYAL]

1 week of the initial exclusivity period remaining. Though it can be extended of course. Anybody else starting to get nervous again?

I wasn`t aware that exclusivity had an exact time period, we were told it could take 2 months, but that isn`t set in stone.

[WestYorksRoyal]

No, because there's enough evidence out there to suggest things are moving forward.

Agreed
If Dai pulls out now I can’t see how the club survives at all as the security will be enacted

I imagine them seizing Dai's shares and Bearwood as collateral is a messy process, but surely the endgame is not the death of the club, but new owners in a cut price deal?

[blythspartan]

Howe originally said he hoped the deal would be completed by the end of May. There’s no doubt that things are progressing, but the football insider suggested that it would be another 2 months until the EFL approve the deal. If that’s the case we won’t be in a position to sign players etc. until the middle/end of July, which isn’t ideal. I’d hope that with Howe’s understanding of the process the EFL will approve the takeover sooner rather than later.

It’ll be just our luck that the EFL will reject the takeover. We’d want them to do that if the new owners are dodgy but we’d be well and truly oxf*rd.

[Clyde1998]

Howe originally said he hoped the deal would be completed by the end of May. There’s no doubt that things are progressing, but the football insider suggested that it would be another 2 months until the EFL approve the deal. If that’s the case we won’t be in a position to sign players etc. until the middle/end of July, which isn’t ideal. I’d hope that with Howe’s understanding of the process the EFL will approve the takeover sooner rather than later.

It’ll be just our luck that the EFL will reject the takeover. We’d want them to do that if the new owners are dodgy but we’d be well and truly oxf*rd.

I'd imagine it takes two months in a normal situation for the EFL to approve of a takeover deal. I'd expect they'd been doing things related to the approval prior to now to speed up the process.

[Snowflake Royal]

No, because there's enough evidence out there to suggest things are moving forward.

Agreed
If Dai pulls out now I can’t see how the club survives at all as the security will be enacted

Agree

[Snowflake Royal]

Howe originally said he hoped the deal would be completed by the end of May. There’s no doubt that things are progressing, but the football insider suggested that it would be another 2 months until the EFL approve the deal. If that’s the case we won’t be in a position to sign players etc. until the middle/end of July, which isn’t ideal. I’d hope that with Howe’s understanding of the process the EFL will approve the takeover sooner rather than later.

It’ll be just our luck that the EFL will reject the takeover. We’d want them to do that if the new owners are dodgy but we’d be well and truly oxf*rd.

I'd imagine it takes two months in a normal situation for the EFL to approve of a takeover deal. I'd expect they'd been doing things related to the approval prior to now to speed up the process.

For all we know the FL approval process has already been in progress for weeks.

[From Despair To Where?]

I remember reading one bit of the Football Insider article where they seemed to misunderstand what's been said, which would have completely thrown out their timeline.

I think it was regarding some element of due diligence, which I understood Howe had been doing prior to announcing exclusivity,

[Crusader Royal]

The Football’Insider’ Article reads like someone has just taken what is already in the public domain and slightly rewritten it. There’s nothing new, comments about the approval taking ‘2 months’ are just what had been speculated already.
It’s yet another pseudo journalist pieces with no original thought or information.’

[From Despair To Where?]

The Football’Insider’ Article reads like someone has just taken what is already in the public domain and slightly rewritten it. There’s nothing new, comments about the approval taking ‘2 months’ are just what had been speculated already.
It’s yet another pseudo journalist pieces with no original thought or information.’

Considering Football Insider has just published an article declaring that City's star players will leave if they're relegated as punishment for the 115 charges, they're not the most insightful of sources. It's like they source their stories from a school playground.

[Hendo]

[Kingsley Junior]

To make your Photoshop complete, don't forget next time to add in the 'Resigned on' date for added believability...

[Hendo]

To make your Photoshop complete, don't forget next time to add in the 'Resigned on' date for added believability...

Wasn't mine, and should've checked sources first.

[Kingsley Junior]

To make your Photoshop complete, don't forget next time to add in the 'Resigned on' date for added believability...

Wasn't mine, and should've checked sources first.

Forgiven. You've earned your Local Journalism Badge.

[Brogue]

To make your Photoshop complete, don't forget next time to add in the 'Resigned on' date for added believability...

Wasn't mine, and should've checked sources first.

Forgiven. You've earned your Local Journalism Badge.

oof

[paultheroyal]

Howe originally said he hoped the deal would be completed by the end of May. There’s no doubt that things are progressing, but the football insider suggested that it would be another 2 months until the EFL approve the deal. If that’s the case we won’t be in a position to sign players etc. until the middle/end of July, which isn’t ideal. I’d hope that with Howe’s understanding of the process the EFL will approve the takeover sooner rather than later.

It’ll be just our luck that the EFL will reject the takeover. We’d want them to do that if the new owners are dodgy but we’d be well and truly oxf*rd.

i was under impression that the EFL process has already been actioned and fast tracked. So end of May is still very realistic.