CONFRIMED: Takeover collapsed; Back to square one

[Mid Sussex Royal]

Earnshaw now saying on Twitter that the EFL are fine with everything and he's assuming the hold up is final sign off, so that suggests the "other side" is Dai.

[Royal Rother]

Dai Yongge = Agony Guide

Peter Couhig = Get Euphoric

Bored much?

[Pepe the Horseman]

Twitter having a perfectly normal reaction to the announcement delay.

[Hound]

Twitter having a perfectly normal reaction to the announcement delay.

Is ‘normal’ for Twitter

[Pepe the Horseman]

Twitter having a perfectly normal reaction to the announcement delay.

Is ‘normal’ for Twitter

Good point.

[WestYorksRoyal]

Twitter having a perfectly normal reaction to the announcement delay.

Is ‘normal’ for Twitter

Good point.

I heard Dai increased the price to £100m up front, all gate receipts, TV revenue and player sales for 5 years plus Couhig's lunch money, and the deal is off.

[Brogue]

Couhig was at the game last night taking photos with fans. Hardly the actions of a man who expecting the deal to fall through. People are such massive fanny’s.

[Orion1871]

Is ‘normal’ for Twitter

Good point.

I heard Dai increased the price to £100m up front, all gate receipts, TV revenue and player sales for 5 years plus Couhig's lunch money, and the deal is off.

[morganb]

https://www.cityam.com/hotel-snag-hits- ... eading-fc/

Hotel snag hits potential rescue deal for beleaguered Reading FC
By:Matt Hughes

A dispute over the voco Reading hotel is further delaying a possible takeover of the club
The long-running takeover saga at Reading has been further delayed by a dispute over the status of an IGH hotel at the Select Car Leasing Stadium.

Former Wycombe owner Rob Couhig has agreed a £25m deal to buy the League One club that also includes the stadium and the training ground, thus ending the disastrous ownership of Chinese businessman Dai Yongge, but the voco Reading hotel is causing complications.

...

[blythspartan]

https://www.cityam.com/hotel-snag-hits-potential-rescue-deal-for-beleaguered-reading-fc/

Hotel snag hits potential rescue deal for beleaguered Reading FC
By:Matt Hughes

A dispute over the voco Reading hotel is further delaying a possible takeover of the club
The long-running takeover saga at Reading has been further delayed by a dispute over the status of an IGH hotel at the Select Car Leasing Stadium.

Former Wycombe owner Rob Couhig has agreed a £25m deal to buy the League One club that also includes the stadium and the training ground, thus ending the disastrous ownership of Chinese businessman Dai Yongge, but the voco Reading hotel is causing complications.

...

Very odd as I didn’t think Dai owned the hotel.

[Sutekh]

https://www.cityam.com/hotel-snag-hits-potential-rescue-deal-for-beleaguered-reading-fc/

Hotel snag hits potential rescue deal for beleaguered Reading FC
By:Matt Hughes

A dispute over the voco Reading hotel is further delaying a possible takeover of the club
The long-running takeover saga at Reading has been further delayed by a dispute over the status of an IGH hotel at the Select Car Leasing Stadium.

Former Wycombe owner Rob Couhig has agreed a £25m deal to buy the League One club that also includes the stadium and the training ground, thus ending the disastrous ownership of Chinese businessman Dai Yongge, but the voco Reading hotel is causing complications.

...

Very odd as I didn’t think Dai owned the hotel.

Doesn't the club own the property and just puts tenders out every so often to agree with a hotel chain/franchise for its operation?

[RG30]

Sasima runs the hotel IIRC. Anyone that has frequently goes in it will see the decline in quality since she took over.

[blythspartan]

https://www.cityam.com/hotel-snag-hits-potential-rescue-deal-for-beleaguered-reading-fc/

Very odd as I didn’t think Dai owned the hotel.

Doesn't the club own the property and just puts tenders out every so often to agree with a hotel chain/franchise for its operation?

I thought the Thais owned it?

[MouldyRoyal]

Yeah Hotel is Thai owned

[Orion1871]

https://www.cityam.com/hotel-snag-hits-potential-rescue-deal-for-beleaguered-reading-fc/

Hotel snag hits potential rescue deal for beleaguered Reading FC
By:Matt Hughes

A dispute over the voco Reading hotel is further delaying a possible takeover of the club
The long-running takeover saga at Reading has been further delayed by a dispute over the status of an IGH hotel at the Select Car Leasing Stadium.

Former Wycombe owner Rob Couhig has agreed a £25m deal to buy the League One club that also includes the stadium and the training ground, thus ending the disastrous ownership of Chinese businessman Dai Yongge, but the voco Reading hotel is causing complications.

...

Article doesn't appear to actually say anything about what this supposed snag is.

[Clyde1998]

Do the Thais own the hotel or do they own a lease on the hotel? In the event of the latter, could that be part of the issue?

[UpThePrem]

Svrivikorn own the hotel (aka Thais).

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

[Royalwaster]

Svrivikorn own the hotel (aka Thais).

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

Maybe Dai was trying to sell it even though he doesn't own it ...

[Clyde1998]

Svrivikorn own the hotel (aka Thais).

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

Thanks.

[Mid Sussex Royal]

Isn’t there a Thai flag flying above it?

Couhig has met all back office staff today btw