CONFRIMED: Takeover collapsed; Back to square one

[ILoveMoonPig]

At this point, I'd just settle for not loosing any more players. Feels like it's unlikely to get done in time for the window shutting now, so I guess we just need to hope we can keep our key players.

[Sutekh]

I'm glad things appear to be moving in the right direction

[From Despair To Where?]

If it isn`t done by Saturday it will be interesting to see if Couhig and his entourage are in his private box again, if he`s absent it could be ominous.

Why do you keep doing this utterl pointless and bonkers doom mongering?

Take a look over the previous 230 pages, I think you`ll find it`s not just me.
I`m a bloody realist that wants this seemingly never ending saga to come to a positive conclusion, don`t have a dig at me for having concerns.
If that`s perceived as doom mongering then so be it.

Not wanting to white knight Ian here but I think his point is that every time we go a day without any statement, your sphincter seems to start flapping like a rapidly deflating balloon and it's all worst case scenario. Yeah, we've had a year of this shit but we're still here and we're still fighting.

Short of of finding £50m down the back of the sofa, there'd fcuk all any of us can do so why stress over something we have absolutely zero control over? What will be will be and we deal with the fall out.

[Taffster]

It may have already been answered but how are we funding the club now? Assuming Dai isn't putting in anymore money my assumption is that the potential owners have been providing funds but if this deal collapses are we back on the cards for non-wage payment and possible administration?

[Mid Sussex Royal]

It may have already been answered but how are we funding the club now? Assuming Dai isn't putting in anymore money my assumption is that the potential owners have been providing funds but if this deal collapses are we back on the cards for non-wage payment and possible administration?

ST sales and the premier league money comes in June/July so generally the club has a bit more cash around....

Azeez money will obviously help too

I guess we'll see though in the autumn if things don't conclude by then....

[Royal_jimmy]

It did sound like Ruben said that in the interview and that they had identified a player, just had to agree terms and were doing everything they could to get him in for next Saturday.

As if to emphasise the distinction he then added that if the sale of the club went through in time, he was also hopeful of adding one or two other players before the deadline.

So, if we heard and understood correctly, the EFL do deserve some praise for finally adopting a more pragmatic approach to our problems and seeking to help us.

It's about time they did after the years of hell we've suffered thanks to their incompetent mistakes. If it's a loan signing and we're paying little if any of their wages and the EFL know our wage to turnover complies with the league then they're doing their job letting us bring a replacement in.

What incompetent mistakes? We broke the rules we signed up to, we did it consistently and we kept doing it even after we were punished the first time. Year after year, despite warnings, agreed business plans and soft transfer embargoes, we ignored the financial parameters that we signed up to work within.

Everything, all of it, goes back to Dai. It's his years of hell and incompetence we've suffered, so direct your anger at him.

Maybe approving the takeover in the first place despite the Premier League having red flags? maybe by not clamping down on our overspending sooner?

[Royal_jimmy]

Tick tock tick tock. No sign of a sale

[From Despair To Where?]

It's about time they did after the years of hell we've suffered thanks to their incompetent mistakes. If it's a loan signing and we're paying little if any of their wages and the EFL know our wage to turnover complies with the league then they're doing their job letting us bring a replacement in.

What incompetent mistakes? We broke the rules we signed up to, we did it consistently and we kept doing it even after we were punished the first time. Year after year, despite warnings, agreed business plans and soft transfer embargoes, we ignored the financial parameters that we signed up to work within.

Everything, all of it, goes back to Dai. It's his years of hell and incompetence we've suffered, so direct your anger at him.

Maybe approving the takeover in the first place despite the Premier League having red flags? maybe by not clamping down on our overspending sooner?

Do you really need it explaining to you for the 150th time????????

It wasn't Dai who caused the Hull deal to collapse.

Everything else happened after he bought the club so unless the EFL have a fcuking crystal ball, how the hell can they predict what he's going to do.

They did clamp down on our spending. They imposed a transfer embargo. We sold the ground, raising £28m, they lifted it and within a week we'd pissed through £16m on players, all of which still came in under the FFP limits. Are you suggesting the EFL micro manage every single transfer deal for all 72 clubs? That's not their job. It's up to the club's to spend responsibly and stay within limits.

You know this but you insist on being willfully ignorant. You really are intellectually tinpot.

[Pepe the Horseman]

Reading FC Twitter is now turning on the new owners.

[Armadillo Roadkill]

Reading FC Twitter is now turning on the new owners.

That really does tell you all you need to know about the IQ of the average Reading FC Twitter user.

Do they think Couhig is holding things up himself, or has decided it would be a bit of a laugh to delay?

It's just making an annoying situation worse. But then there really is no way to underestimate some football followers.

[windermereROYAL]

Couhig is getting tagged mercilessly over on twitter.

[Sutekh]

Reading FC Twitter is now turning on the new owners.

That really does tell you all you need to know about the IQ of the average Reading FC Twitter user.

Do they think Couhig is holding things up himself, or has decided it would be a bit of a laugh to delay?

It's just making an annoying situation worse. But then there really is no way to underestimate some football followers.

Patience is not a virtue for tw@tter users let alone the lot on the X.

If it all suddenly goes through after Friday I think we can all be fairly sure where the "hitch" was.

[WestYorksRoyal]

Reading FC Twitter is now turning on the new owners.

That really does tell you all you need to know about the IQ of the average Reading FC Twitter user.

Do they think Couhig is holding things up himself, or has decided it would be a bit of a laugh to delay?

It's just making an annoying situation worse. But then there really is no way to underestimate some football followers.

Patience is not a virtue for tw@tter users let alone the lot on the X.

If it all suddenly goes through after Friday I think we can all be fairly sure where the "hitch" was.

I have no idea what is happening, but the idea that Dai is deliberately waiting until after the window closes out of pettiness seems bonkers to me. All his behaviour so far suggests he genuinely doesn't care or give a shit. I'd be surprised if he even knows what the transfer window is.

[Orion1871]

What incompetent mistakes? We broke the rules we signed up to, we did it consistently and we kept doing it even after we were punished the first time. Year after year, despite warnings, agreed business plans and soft transfer embargoes, we ignored the financial parameters that we signed up to work within.

Everything, all of it, goes back to Dai. It's his years of hell and incompetence we've suffered, so direct your anger at him.

Maybe approving the takeover in the first place despite the Premier League having red flags? maybe by not clamping down on our overspending sooner?

Do you really need it explaining to you for the 150th time????????

It wasn't Dai who caused the Hull deal to collapse.

Everything else happened after he bought the club so unless the EFL have a fcuking crystal ball, how the hell can they predict what he's going to do.

They did clamp down on our spending. They imposed a transfer embargo. We sold the ground, raising £28m, they lifted it and within a week we'd pissed through £16m on players, all of which still came in under the FFP limits. Are you suggesting the EFL micro manage every single transfer deal for all 72 clubs? That's not their job. It's up to the club's to spend responsibly and stay within limits.

You know this but you insist on being willfully ignorant. You really are intellectually tinpot.

Where has it actually said this? A quick google search of "Dai Yongge Hull takeover" says members of the consortium failed the test, but that doesn't mean that Dai or his sister weren't those members of the consortium who failed. What were the names of the supposed people in the consortium who failed? Maybe a deeper search will provide the answer.

Also when the takeover was announced the EFL statement said that they (the EFL) had "insisted upon - and the club/new owners have agreed to - a number of additional reporting requirements including enhanced financial monitoring" to "ensure" that Dai's performance was "consistent with the application we have considered." That would suggest they had doubts about Dai and his sister from the outset.

[Snowflake Royal]

It's about time they did after the years of hell we've suffered thanks to their incompetent mistakes. If it's a loan signing and we're paying little if any of their wages and the EFL know our wage to turnover complies with the league then they're doing their job letting us bring a replacement in.

What incompetent mistakes? We broke the rules we signed up to, we did it consistently and we kept doing it even after we were punished the first time. Year after year, despite warnings, agreed business plans and soft transfer embargoes, we ignored the financial parameters that we signed up to work within.

Everything, all of it, goes back to Dai. It's his years of hell and incompetence we've suffered, so direct your anger at him.

Maybe approving the takeover in the first place despite the Premier League having red flags? maybe by not clamping down on our overspending sooner?

Christ.

[From Despair To Where?]

Maybe approving the takeover in the first place despite the Premier League having red flags? maybe by not clamping down on our overspending sooner?

Do you really need it explaining to you for the 150th time????????

It wasn't Dai who caused the Hull deal to collapse.

Everything else happened after he bought the club so unless the EFL have a fcuking crystal ball, how the hell can they predict what he's going to do.

They did clamp down on our spending. They imposed a transfer embargo. We sold the ground, raising £28m, they lifted it and within a week we'd pissed through £16m on players, all of which still came in under the FFP limits. Are you suggesting the EFL micro manage every single transfer deal for all 72 clubs? That's not their job. It's up to the club's to spend responsibly and stay within limits.

You know this but you insist on being willfully ignorant. You really are intellectually tinpot.

Where has it actually said this? A quick google search of "Dai Yongge Hull takeover" says members of the consortium failed the test, but that doesn't mean that Dai or his sister weren't those members of the consortium who failed. What were the names of the supposed people in the consortium who failed? Maybe a deeper search will provide the answer.

Also when the takeover was announced the EFL statement said that they (the EFL) had "insisted upon - and the club/new owners have agreed to - a number of additional reporting requirements including enhanced financial monitoring" to "ensure" that Dai's performance was "consistent with the application we have considered." That would suggest they had doubts about Dai and his sister from the outset.

It was wildly reported at the time that it was another member of the consortium had failed the test.

Also "insisted upon - and the club/new owners have agreed to - a number of additional reporting requirements including enhanced financial monitoring" would suggest that the EFL did indeed put in place additional conditions which only goes to prove even further that Jimmy is absolutely talking out of his arse.

[Royal_jimmy]

I can't be arsed with this shit. Regardless it's quite obvious one of the key investors did not fail the directors test at Hull because Dai could have just bought the club on his own. So I don't buy this argument. It's clear he was the issue that caused the deal to collapse. Why would Dai use a big consortium when his wealth would easily buy Hull and he was the opportunity for him initially. The Dai's were the issue with the premier league, the EFL didn't do their diligence properly or take note of these red flags.

Fans turning on Couhig is ridiculous, he has no obligation to buy us but shows his benevolence to even do so. The agony needs to end and the club should give us an answer to prevent fan action.. It'd be a smart move from the club to do this because there will be protests from the Orient game if there's no signs of this takeover going through. We've waited long enough, takeovers take time but this one has gone on for half a year!

[Sutekh]

I can't be arsed with this shit. Regardless it's quite obvious one of the key investors did not fail the directors test at Hull because Dai could have just bought the club on his own. So I don't buy this argument. It's clear he was the issue that caused the deal to collapse. Why would Dai use a big consortium when his wealth would easily buy Hull and he was the opportunity for him initially. The Dai's were the issue with the premier league, the EFL didn't do their diligence properly or take note of these red flags.

This is what SKY wrote about the failed Hull takeover back in May 2017

An attempt by Dai Yongge and Hawken Xiu Li, his sister, to buy Hull involved the use of a third party, who insisted that he controlled the relevant funds necessary to undertake the deal.

It subsequently transpired that the finances were actually under the control of Mr Dai, with the Financial Times reporting last month that a Premier League investigation into him had raised several "red flags" over his commercial background.

Fans turning on Couhig is ridiculous, he has no obligation to buy us but shows his benevolence to even do so. The agony needs to end and the club should give us an answer to prevent fan action.. It'd be a smart move from the club to do this because there will be protests from the Orient game if there's no signs of this takeover going through. We've waited long enough, takeovers take time but this one has gone on for half a year!

Sales require a) a party willing to buy and b) a party that really wants to sell. While we have the former it seems the second part might be being called into question and if it is the case then this could be going on for years.

[Stranded]

Fair to say that unless we have the loan deals ready to go, if the takeover doesn't complete today we are very unlikely to be bringing anyone in this window.

In the grand scheme of things, that literally matters not one jot if the takeover goes through though - it just means the target for the squad and management would be to try and be competitive until January and strengthen then. If possible, and there are decent options, bring in 2 or 3 free agents that will give us extra bodies in the squad.

[Snowflake Royal]

Fair to say that unless we have the loan deals ready to go, if the takeover doesn't complete today we are very unlikely to be bringing anyone in this window.

In the grand scheme of things, that literally matters not one jot if the takeover goes through though - it just means the target for the squad and management would be to try and be competitive until January and strengthen then. If possible, and there are decent options, bring in 2 or 3 free agents that will give us extra bodies in the squad.

TBH, I almost think the free agents is a better route for us.

Loanees are going to be young and full of potential, but no experience. Our squad is chock full of that. Free agents are more likely to be aging, struggling with fitness and on a downward spiral, but they will have experience usually. Avoid committing big wages or long contracts and they're probably a better bet. And less pressure to play them if they end up not good enough/not needed than PL protostarlets