by windermereROYAL » 19 Sep 2024 09:57
by SouthDownsRoyal » 19 Sep 2024 10:01
Hound As ever the biggest issue is no one knows what exactly is Dai’s endgame. He’s had a reasonable offer, sounds like he could just take the money and be shot of it
Surely the idea of going through the whole process again to get to wrangle an extra million or two makes no sense
He clearly can’t be bothered with the club now, just not idea what he is getting out of it at this point in time
Administration doesn’t help him at all. I’d happily take it right now though
by katweslowski » 19 Sep 2024 10:36
by SouthDownsRoyal » 19 Sep 2024 10:45
katweslowski For me, the primary objective (as a fan) has to be clarity on the situation. I want to know:
- Why did this deal fall through when it looked so close?
- What other options are there now?
- What is Dai's objective - not just "intent to sell the club" - actual information
- Can we have regular and periodic updates, I am personally sick of just silence from the club for long periods of time
- How does this now impact our finances for the next 3-6 months?
- Assurances over our short term future?
- Has Dai actually communicated with club officials?
Of course, I don't expect anything meaningful from these answers, just the same bland answers but they have to be asked.
...
My thoughts are similar to that by Hound, I just don't understand the issues. This club is still an attractive package in terms of the facilities, the team, the structure, recent-ish history, fanbase. It's got Championship DNA still. The longer he keeps this club, the less it will be worth.
I don't believe all those idiots on Twitter saying, "He just hates us", and "I think he saw Rob and how well he got on with fans and just decided to end us". For my own sanity I have stopped looking on Twitter, the number of idiots on there is unhelpful and outweigh the useful ones.
I doubt Dai Yonnge really knows anything about the fans or our feelings, probably oblivious to it all.
So WTF is he up to? Administration doesn't help him, liqudiation doesnt, selling all players and assets doesn't as that's just not going to return much and would take an extended period of time.
Objectively the best and easiest solution was for him to sell to a legitimate and trusted purchaser (Couhig and others), and walk away and get on with his miserable life.
...
Also as others say, I am deeply concerned about this once again. It's really upsetting that we looked so close, nearly had a new owner who looked really in touch with the fans and keen to be involved. Any changes will take months and months, and unlikely this season. So we've got January transfer window to get through and the summer to even hope to survive until.
It does feel like a never ending, unwinnable battle.
by Sutekh » 19 Sep 2024 10:53
windermereROYAL So now Couhig has had his money paid back to him he`s no longer a creditor he doesn`t have the power to put us into administration are there any other routes or is it just Dai that can do it?
I`m thinking if we run out of money and he continues to be a cunt and not fund us it`s the end of the road.
by Uke » 19 Sep 2024 10:57
SouthDownsRoyalkatweslowski For me, the primary objective (as a fan) has to be clarity on the situation. I want to know:
- Why did this deal fall through when it looked so close?
- What other options are there now?
- What is Dai's objective - not just "intent to sell the club" - actual information
- Can we have regular and periodic updates, I am personally sick of just silence from the club for long periods of time
- How does this now impact our finances for the next 3-6 months?
- Assurances over our short term future?
- Has Dai actually communicated with club officials?
Of course, I don't expect anything meaningful from these answers, just the same bland answers but they have to be asked.
...
My thoughts are similar to that by Hound, I just don't understand the issues. This club is still an attractive package in terms of the facilities, the team, the structure, recent-ish history, fanbase. It's got Championship DNA still. The longer he keeps this club, the less it will be worth.
I don't believe all those idiots on Twitter saying, "He just hates us", and "I think he saw Rob and how well he got on with fans and just decided to end us". For my own sanity I have stopped looking on Twitter, the number of idiots on there is unhelpful and outweigh the useful ones.
I doubt Dai Yonnge really knows anything about the fans or our feelings, probably oblivious to it all.
So WTF is he up to? Administration doesn't help him, liqudiation doesnt, selling all players and assets doesn't as that's just not going to return much and would take an extended period of time.
Objectively the best and easiest solution was for him to sell to a legitimate and trusted purchaser (Couhig and others), and walk away and get on with his miserable life.
...
Also as others say, I am deeply concerned about this once again. It's really upsetting that we looked so close, nearly had a new owner who looked really in touch with the fans and keen to be involved. Any changes will take months and months, and unlikely this season. So we've got January transfer window to get through and the summer to even hope to survive until.
It does feel like a never ending, unwinnable battle.
Good post
by blueroyals » 19 Sep 2024 10:58
katweslowski For me, the primary objective (as a fan) has to be clarity on the situation. I want to know:
- Why did this deal fall through when it looked so close?
- What other options are there now?
- What is Dai's objective - not just "intent to sell the club" - actual information
- Can we have regular and periodic updates, I am personally sick of just silence from the club for long periods of time
- How does this now impact our finances for the next 3-6 months?
- Assurances over our short term future?
- Has Dai actually communicated with club officials?
Of course, I don't expect anything meaningful from these answers, just the same bland answers but they have to be asked.
...
My thoughts are similar to that by Hound, I just don't understand the issues. This club is still an attractive package in terms of the facilities, the team, the structure, recent-ish history, fanbase. It's got Championship DNA still. The longer he keeps this club, the less it will be worth.
I don't believe all those idiots on Twitter saying, "He just hates us", and "I think he saw Rob and how well he got on with fans and just decided to end us". For my own sanity I have stopped looking on Twitter, the number of idiots on there is unhelpful and outweigh the useful ones.
I doubt Dai Yonnge really knows anything about the fans or our feelings, probably oblivious to it all.
So WTF is he up to? Administration doesn't help him, liqudiation doesnt, selling all players and assets doesn't as that's just not going to return much and would take an extended period of time.
Objectively the best and easiest solution was for him to sell to a legitimate and trusted purchaser (Couhig and others), and walk away and get on with his miserable life.
...
Also as others say, I am deeply concerned about this once again. It's really upsetting that we looked so close, nearly had a new owner who looked really in touch with the fans and keen to be involved. Any changes will take months and months, and unlikely this season. So we've got January transfer window to get through and the summer to even hope to survive until.
It does feel like a never ending, unwinnable battle.
by Forbury Lion » 19 Sep 2024 11:02
by Sutekh » 19 Sep 2024 11:04
by PieEater » 19 Sep 2024 11:07
RG30 Couhig did not respond to FootBiz and almost certainly wouldn’t be allowed to say anything anyway, but there are very concerning whispers from those close to the deal that the financial pickle Dai has got himself into could mean it is almost impossible for the club to actually transact.
by katweslowski » 19 Sep 2024 11:10
by Forbury Lion » 19 Sep 2024 11:19
PieEaterRG30 Couhig did not respond to FootBiz and almost certainly wouldn’t be allowed to say anything anyway, but there are very concerning whispers from those close to the deal that the financial pickle Dai has got himself into could mean it is almost impossible for the club to actually transact.
Could some of our resident accounts have a stab at what this could mean. Is he implying that it's no longer his to sell?
by windermereROYAL » 19 Sep 2024 11:21
katweslowski This is a basic question, but what does Administration actually mean? I could look this up of course, but can anyone put it into football club terms.
Who makes the decision, what are the consequences? Did Portsmouth do this years ago as well or any other clubs?
Can we do this without Dai?
by SouthDownsRoyal » 19 Sep 2024 11:26
Sutekh Or just an aswer to "what the **** is going on at Reading FC"!
If only we had proper investagative journalists in the local media.
by Forbury Lion » 19 Sep 2024 11:26
Earlier this week there was a Price of Football podcast interview with a former football club administrator which is worth a listen.katweslowski This is a basic question, but what does Administration actually mean? I could look this up of course, but can anyone put it into football club terms.
Who makes the decision, what are the consequences? Did Portsmouth do this years ago as well or any other clubs?
Can we do this without Dai?
by Mr Angry » 19 Sep 2024 11:27
by katweslowski » 19 Sep 2024 11:33
Sutekh Or just an aswer to "what the **** is going on at Reading FC"!
If only we had proper investagative journalists in the local media.
by Forbury Lion » 19 Sep 2024 11:46
Might be a story for a journalist at The Athletic or another sporting publication to get stuck intoSouthDownsRoyalSutekh Or just an aswer to "what the **** is going on at Reading FC"!
If only we had proper investagative journalists in the local media.
Tm dellor
by Forbury Lion » 19 Sep 2024 11:50
Worth noting that Season ticket holders will be treated as creditors because we are owed the cash equivalent of the remaining fixtures, that means we are entitled to attend any meetings of creditors the administrators hold until such time as we no longer have any games owed to us.Mr Angry Administration is not a good thing generally; it means that a financial company will run Reading FC who only have one aim - to get as much money for the creditors.
If they can do that by selling entity (our football club) as a going concern, fine. If not, they will get what they can and then they will liquidate the entity.
Almost immediately you will see job losses as the first thing the administrators will do is stop the financial bleeding, and the quickest way to do that is by reducing head count by issuing redundancies. Other things will be stopping all "non-essential" expenditure.
Our only hope is that there is someone waiting in the wings for that to happen, and they then swoop in and offer a pittance for the club; the issue comes with what debts and liabilities are actually there, possibly hidden away - I think thats potentially what has screwed the Couhig deal, the emergence of things post-due diligence (maybe hidden by Dai to try and get the deal done?)
It might save us, but don't see administration as a white knight; it will be brutal - especially for the non-playing staff of the club, virtually all of whom are likely to be unemployed in the run up to Christmas.
by Mid Sussex Royal » 19 Sep 2024 11:51
katweslowskiSutekh Or just an aswer to "what the **** is going on at Reading FC"!
If only we had proper investagative journalists in the local media.
I think people expect too much to be honest. Firstly, the Reading Post or whatever it was called closed down due to lack of money, now we have the Reading Chronicle. Local media across the country is abysmal as no one will pay for it and a decreasing number of people buy newspapers.
Everything about our club at the minute is bad. I'm not sure how anyone can get reliable information from them. Who could do this?
Jonathan Low got continual abuse when he first took the position but won support over a number of years. People mentioning Tim Dellor, isn't he a BBC local Sports person? So that includes ALL sports, not just RFC. It would be unreasonable to expect him to be down there everyday.
People seem to think that some local rag journalist can somehow infiltrate the club and navigate the utter shite with Bowen, Howe, and Dai Yongge. It seems an impossible task for anyone. I doubt even those inside the club understand what's happening.
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