by WestYorksRoyal » 05 Jun 2024 17:05
by Snowflake Royal » 05 Jun 2024 17:07
WestYorksRoyal You wonder how much Dai really wants to sell or whether Chiron were patsy's so pay the bills and keep the lights on. Obviously short termism but when has Dai been sensible?
Now we have season ticket revenue, the summer solidarity payments from the PL and a potential Olise windfall incoming. Dai may be thinking he's got loads of time to spin this out.
by morganb » 05 Jun 2024 17:08
Reading Football Club would like to provide the following update regarding the club’s sale process.
On 26th March the Club announced it had entered into a letter of intent with a potential purchaser. This exclusivity period has now expired but dialogue remains open with this group, as well as new bidders, with the aim of completing a sale at the earliest opportunity.
Mr Dai remains committed to the complete sale of Reading Football Club and its associated assets. The Club appreciates the patience from our staff and supporters through this protracted process, and aim to communicate substantive developments when appropriate.
Is worth noting that it took the likes of Derby, Coventry and Southend multiple spells of exclusivity to find a deal (and Southend still rumbles on). Frustrating and potentially damaging but not wholly unusual
by WestYorksRoyal » 05 Jun 2024 17:16
by andrew1957 » 05 Jun 2024 17:35
by Orion1871 » 05 Jun 2024 17:43
by Pepe the Horseman » 05 Jun 2024 17:45
WestYorksRoyal Maybe it ends with Chiron getting it on the cheap due to their charges over the club. It's just happened with a lender at Inter Milan, and could well happen at Everton. I'm not expecting Dai to pay them back.
But obviously would very stressful to get to that point.
by Sutekh » 05 Jun 2024 17:45
Orion1871 The cretin is going to make the sale as difficult as possible. That's if he actually has any intention of selling at all.
by The Royal Forester » 05 Jun 2024 17:47
by WestYorksRoyal » 05 Jun 2024 17:49
Pepe the HorsemanWestYorksRoyal Maybe it ends with Chiron getting it on the cheap due to their charges over the club. It's just happened with a lender at Inter Milan, and could well happen at Everton. I'm not expecting Dai to pay them back.
But obviously would very stressful to get to that point.
Would we have to go into administration for this to happen?
by The Royal Forester » 05 Jun 2024 18:02
WestYorksRoyalPepe the HorsemanWestYorksRoyal Maybe it ends with Chiron getting it on the cheap due to their charges over the club. It's just happened with a lender at Inter Milan, and could well happen at Everton. I'm not expecting Dai to pay them back.
But obviously would very stressful to get to that point.
Would we have to go into administration for this to happen?
I don't think so. Club defaults on the loan, Chiron are entitled to seize the shares.
by Clyde1998 » 05 Jun 2024 18:10
The Royal ForesterWestYorksRoyalPepe the Horseman Would we have to go into administration for this to happen?
I don't think so. Club defaults on the loan, Chiron are entitled to seize the shares.
What percentage of the club shares are still owned by Dai? Surely he wouldn't have put a controlling amount of shares at risk, would he?
What would happen if Dai liquidated the club, or can't he do that now?
by Stranded » 05 Jun 2024 19:26
by Armadillo Roadkill » 05 Jun 2024 20:06
by blythspartan » 06 Jun 2024 06:52
by Silver Fox » 06 Jun 2024 08:59
by WestYorksRoyal » 06 Jun 2024 09:17
Silver Fox I guess people just read what they want to read but I see that statement and see it as the process is ongoing. there's nothing to celebrate but equally no reason to jump off a cliff
by RoyalBlue » 06 Jun 2024 10:16
Armadillo Roadkill This is obviously very bad news.
I wonder if any of the work undertaken as due diligence could be used by another prospective buyer, or whether they would have to go right back to the beginning? Because if it can', any takeover by a new party will not happen before the season starts.
by From Despair To Where? » 06 Jun 2024 11:07
by Snowflake Royal » 06 Jun 2024 11:37
Silver Fox I guess people just read what they want to read but I see that statement and see it as the process is ongoing. there's nothing to celebrate but equally no reason to jump off a cliff
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