CONFRIMED: Latest rumours Confrimed as Unconfrimed

[windermereROYAL]

it's fine, i fully expect the takeover to be done by Christmas and we can forget this even happened.

Yes, but what year?

[Brogue]

it's fine, i fully expect the takeover to be done by Christmas and we can forget this even happened.

Yes, but what year?

You just need to have faith in the process

[blythspartan]

it's fine, i fully expect the takeover to be done by Christmas and we can forget this even happened.

Yes, but what year?

You just need to have faith in the process

It almost feels like you know something?

[SouthDownsRoyal]

Yes, but what year?

You just need to have faith in the process

It almost feels like you know something?

It’s almost as if he’s on the wind up!

[Royalwaster]

You just need to have faith in the process

It almost feels like you know something?

It’s almost as if he’s on the wind up!

It's as if he wants to get to 300 pages.

[Snowflake Royal]

it's fine, i fully expect the takeover to be done by Christmas and we can forget this even happened.

Yes, but what year?

You just need to have faith in the process

So when is William Storey completing exactly Brogue?

[Brogue]

Yes, but what year?

You just need to have faith in the process

So when is William Storey completing exactly Brogue?

You’ll need to ask John Percy from the telegraph who wrote the article

[RG30]

M&A Murmurs

Reading are approaching crisis point as they seek the new investment required to meet their operational costs, with several sources who have knowledge of the club's finances telling FootBiz they could run out of money next month.

A £5 million loan from prospective buyer Rob Couhig was repaid by Reading owner Dai Yongge last month leaving the club short of funds to pay the wages of players and staff.

Reading have been docked a total of 18 points by the EFL over the past two seasons for the late payment of wages, and without securing fresh investment the unpalatable prospect of administration is looming large.

The club announced that they had entered exclusive negotiations with another buyer after the collapse of the proposed sale to Couhig last month, but those talks have not progressed sufficiently for the EFL to be informed as yet.

[Hound]

Well that ties in with Howe’s comment that we were funded up to mid November

I did think the current party in talks were committed to funding us in the meantime though

[WestYorksRoyal]

Whatever. Administration takes the sale process out of Dai's hands and is a way out of this mess.

[ILoveMoonPig]

Is it going to turn out that Brogue has actually launched a cheeky takeover bid themselves?

[Snowflake Royal]

Whatever. Administration takes the sale process out of Dai's hands and is a way out of this mess.

Yeah, Administration is actually looking like our only way out.


And currently we'd still be just above relegation.

[Mid Sussex Royal]

Well that ties in with Howe’s comment that we were funded up to mid November

I did think the current party in talks were committed to funding us in the meantime though

Yep - I'm sure the official club announcement said exclusivity was given on basis club would be funded by prospective buyer until completion.

[Snowflake Royal]

Well that ties in with Howe’s comment that we were funded up to mid November

I did think the current party in talks were committed to funding us in the meantime though

Yep - I'm sure the official club announcement said exclusivity was given on basis club would be funded by prospective buyer until completion.

It's safe to say messages out of the club are not always truthful.

That announcement was released to detract from the 'we're back in transfer sanction territory' from the FL wasn't it?

Reeked of made up appeasement at the time, and funnily enough there hasn't been a sniff of anything genuine happening anywhere.

[Hendo]

Well that ties in with Howe’s comment that we were funded up to mid November

I did think the current party in talks were committed to funding us in the meantime though

Yep - I'm sure the official club announcement said exclusivity was given on basis club would be funded by prospective buyer until completion.

Yep - https://www.readingfc.co.uk/news/2024/october/07/club-statement/

The Club can confirm it has agreed to a period of exclusivity with a potential purchaser. Both parties are working hard to finalise terms with the intention to complete a sale at the earliest opportunity. This exclusivity period also includes further provision to fund the club until the transaction’s intended completion.

[Armadillo Roadkill]

Well that ties in with Howe’s comment that we were funded up to mid November

I did think the current party in talks were committed to funding us in the meantime though

Yep - I'm sure the official club announcement said exclusivity was given on basis club would be funded by prospective buyer until completion.

Yep - https://www.readingfc.co.uk/news/2024/october/07/club-statement/

The Club can confirm it has agreed to a period of exclusivity with a potential purchaser. Both parties are working hard to finalise terms with the intention to complete a sale at the earliest opportunity. This exclusivity period also includes further provision to fund the club until the transaction’s intended completion.

"Intended" completion. Not until actual completion.

[Uke]

And Couhig waits and says nothing

We know he has £5 million (that we repaid) in his account to lend again...

We still know next to nothing about this "new consortium" if they even exist.

[Linden Jones' Tash]

Whatever. Administration takes the sale process out of Dai's hands and is a way out of this mess.

Yeah, Administration is actually looking like our only way out.


And currently we'd still be just above relegation.

Given the football club (brand & STAFF), Training ground, Stadium, and other linked assets & liabilities are owned by a complex web of offshore entities, etc.

Can someone explain to me how defaulting on our commitments would be a good thing....?

I may be naive, but I don't understand why people keep saying this.

[windermereROYAL]

Somebody please explain to me who can place us into administration? Dai obviously, but who else?

[Snowflake Royal]

Whatever. Administration takes the sale process out of Dai's hands and is a way out of this mess.

Yeah, Administration is actually looking like our only way out.


And currently we'd still be just above relegation.

Given the football club (brand & STAFF), Training ground, Stadium, and other linked assets & liabilities are owned by a complex web of offshore entities, etc.

Can someone explain to me how defaulting on our commitments would be a good thing....?

I may be naive, but I don't understand why people keep saying this.

Administration means Administrators take charge and sell the club. Dai loses all control. Dai's control is the single biggest problem.