CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Snowflake Royal]

One of Dai's mates would be a disaster

[katweslowski]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

[Royals and Racers]

Does the ‘ back to square 1 ‘ scenario now put pressure on the club to submit the outstanding company financial results ?

[Mr Angry]

The nightmare continues.......

[RG30]

If you have BBC iplayer go back to BBC Berks post game show on the day of the Bolton game and around 5:20pm in, listen to the caller called Callum who is the guy who broke a lot of the latest stuff regarding Benny Kwong. In hindsight makes interesting listening.

[Sutekh]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

+1

Don't think there's any way the FL will sign off on a deal that leaves you know who in any way connected with the ownership or finances of the club.

For the record, Blue River company website is here:

https://blueriverholdings.com.hk/corpor ... n/?lang=en

If it did happen, you would hope it'd just bring stability to pay ongoing bills while they look for new buyers without the urgency.

[blythspartan]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

+1

Don't think there's any way the FL will sign off on a deal that leaves you know who in any way connected with the ownership or finances of the club.

For the record, Blue River company website is here:

https://blueriverholdings.com.hk/corpor ... n/?lang=en

If it did happen, you would hope it'd just bring stability to pay ongoing bills while they look for new buyers without the urgency.

If this happened I could only see it being as an investor and not a full takeover.

[WestYorksRoyal]

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

+1

Don't think there's any way the FL will sign off on a deal that leaves you know who in any way connected with the ownership or finances of the club.

For the record, Blue River company website is here:

https://blueriverholdings.com.hk/corpor ... n/?lang=en

If it did happen, you would hope it'd just bring stability to pay ongoing bills while they look for new buyers without the urgency.

If this happened I could only see it being as an investor and not a full takeover.

With the team doing okay, perhaps they spy an opportunity to help out Selles and the team, win promotion and then sell us for more in the Championship. It's not a far fetched idea, so long as they let footballing people decide on the necessary recruitment.

[Brogue]

+1

Don't think there's any way the FL will sign off on a deal that leaves you know who in any way connected with the ownership or finances of the club.

For the record, Blue River company website is here:

https://blueriverholdings.com.hk/corpor ... n/?lang=en

If it did happen, you would hope it'd just bring stability to pay ongoing bills while they look for new buyers without the urgency.

If this happened I could only see it being as an investor and not a full takeover.

With the team doing okay, perhaps they spy an opportunity to help out Selles and the team, win promotion and then sell us for more in the Championship. It's not a far fetched idea, so long as they let footballing people decide on the necessary recruitment.

2 points off the playoffs with a game in hand. Publish the account get what ever needs to be done to get this through bring in 2/3 players in January and we could well end up in the championship next season. And then what? He’s already asking for 30 million. How much do championship clubs go for? West Brom were reportedly sold for 60 in feb. Huddersfield went for 40 in 2023 Birmingham went for 35. I don’t think dai is going to get more than 30 mill for us even if we were promoted

[Snowflake Royal]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

The FL can't refuse it because it's too close to Dai, if Dai isn’t legally involved.

This is an objective test, not who do we like and think will be good

[WestYorksRoyal]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

The FL can't refuse it because it's too close to Dai, if Dai isn’t legally involved.

This is an objective test, not who do we like and think will be good

But I am right in thinking that it's more stringent than when Dai bought the club in 2017? They have to prove they have a business plan and the money to fund the club, not just buy it initially. It's much harder to fudge through by the fly of your pants now.

[Snowflake Royal]

I came here to post this link

There's not a hope this would even go through. The EFL faced continual criticism and I'm sure even they would see this a mile off. Even though it would mean Dai isn't the owner, he's just too close to those involved to give the deal any integrity at all.

Whoever buys this club, I'm just sick to death of these greedy bar stewards who have no affiliation or interest in us wanting to take the club over. Years of it now.

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club. Importantly also, with decent senior figures within the club who can actually communicate properly, aren't caught betting illegally, etc.

The FL can't refuse it because it's too close to Dai, if Dai isn’t legally involved.

This is an objective test, not who do we like and think will be good

But I am right in thinking that it's more stringent than when Dai bought the club in 2017? They have to prove they have a business plan and the money to fund the club, not just buy it initially. It's much harder to fudge through by the fly of your pants now.

Sure, but that's just a question of whether he has money and a plan, being one of Dai's lackey's doesn’t prevent that. And Dai had those things too.

[Linden Jones' Tash]

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club.

but that's the paradox though...

a new owner will have to invest millions, if only to stand still...

In addition to whatever the club & affiliated assets are sold for and whatever debt is taken on - there is a shortfall of around £10M per season for a club of Reading's size in League 1.

so even to get stability, the new owner needs to be generous and have deep pockets

[WestYorksRoyal]

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club.

but that's the paradox though...

a new owner will have to invest millions, if only to stand still...

In addition to whatever the club & affiliated assets are sold for and whatever debt is taken on - there is a shortfall of around £10M per season for a club of Reading's size in League 1.

so even to get stability, the new owner needs to be generous and have deep pockets

I'll make no bones. I want an owner wealthy enough to invest the sort of money Dai did, and competent enough to run it well like SJM did. Then perhaps in 5 - 7 years they can sell on a Premier League club for a profit.

Step 1 would be accepting modest losses to stand still and building a core of young players to not only get promoted but hold their own together in the Championship.

[From Despair To Where?]

If an owner is competent enough to run the club like SJM did,then there's absolutely no way they'd even contemplate spending the amount of money Dai has. We're talking £200m in 7 years.

[WestYorksRoyal]

If an owner is competent enough to run the club like SJM did,then there's absolutely no way they'd even contemplate spending the amount of money Dai has. We're talking £200m in 7 years.

I get your point, what I was getting at is having the means to invest when they feel it's right to. Like SJM did pre Premier League and financial crash. If we're a top 10 Championship side, be bold enough not to sell key players and add 2 or 3 quality signings.

But agree the foundations need to be strong in the first place and not based upon stupid spending. But as pointed out, even keeping our academy, training ground and playing squad going in L1 is a big outlay. If we really want to "live within our means" it involves big cuts.

[Armadillo Roadkill]

if they've got:

- plenty of money to cover the bills
- a long term strategy for a (mostly) sustainable football club (I don't think it can ever be fully self funding these days)
- a commitment to developing our own players
- a commitment to the women's team
- an understanding of how to not fall foul of profitability rules
- they're not drenched in the blood of exploited workers
- they're not the government of some medieval theocracy trying to sport-wash their human right abuse

then I'm cool with them, even if they know Dai Yongge.

[katweslowski]

I don't even want millions of pounds invested. Just stability, the odd repair and improvement, a well run club.

but that's the paradox though...

a new owner will have to invest millions, if only to stand still...

In addition to whatever the club & affiliated assets are sold for and whatever debt is taken on - there is a shortfall of around £10M per season for a club of Reading's size in League 1.

so even to get stability, the new owner needs to be generous and have deep pockets

I'll make no bones. I want an owner wealthy enough to invest the sort of money Dai did, and competent enough to run it well like SJM did. Then perhaps in 5 - 7 years they can sell on a Premier League club for a profit.

Step 1 would be accepting modest losses to stand still and building a core of young players to not only get promoted but hold their own together in the Championship.

Tbf I want that too, but I just didn't want to get my hopes up and dream too big. So going for "simply not going bankrupt" is enough for now. But of course I have dreams.

I'd love to do similar to Brighton, and I don't just mean their PL success. They are nailing the whole thing, with ambitions across their whole club. Ground expansions, women's team focusing on top 4 in the WSL and men's going for top 10 established club. They've got some real presence in different regions globally too and a growing fan base.

[Whore Jackie]

2 points off the playoffs with a game in hand. Publish the account get what ever needs to be done to get this through bring in 2/3 players in January and we could well end up in the championship next season. And then what? He’s already asking for 30 million. How much do championship clubs go for? West Brom were reportedly sold for 60 in feb. Huddersfield went for 40 in 2023 Birmingham went for 35. I don’t think dai is going to get more than 30 mill for us even if we were promoted

£50 million is the selling amount Dai wanted. Rumoured that Howe said there's no chance of anything more than £30 million for the club as it is.

The $132.5 million US investment for 40% of Ipswich will no doubt have piqued his interest. Have a horrible feeling that it's the £50m that he's holding out for.

[Snowflake Royal]

If an owner is competent enough to run the club like SJM did,then there's absolutely no way they'd even contemplate spending the amount of money Dai has. We're talking £200m in 7 years.

I get your point, what I was getting at is having the means to invest when they feel it's right to. Like SJM did pre Premier League and financial crash. If we're a top 10 Championship side, be bold enough not to sell key players and add 2 or 3 quality signings.

But agree the foundations need to be strong in the first place and not based upon stupid spending. But as pointed out, even keeping our academy, training ground and playing squad going in L1 is a big outlay. If we really want to "live within our means" it involves big cuts.

It's just wrong for a club like us to try to buy success because there will always be deeper pockets and more attractive clubs.

We have to do it smart, not expensive. And that means youth pathway, fishing in obscurer cheaper markets, buying low -selling high, and steady development, not gambling on a few big deals getting us there, because even if those deals get us there, it's not sustainable and if they fail, they're crippling.