CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Stranded]

Mike Gow now reporting further judicial cases against Dai in China, now up to 32. Several are against Dai in a personal capacity. There are number of restrictions against him in China, although he's unlikely there.

Doubt he's left China for a considerable period of time now. The allegations and subsequent court case were too serious in nature.

Given the restrictions he would find himself under if in China, if he has been outside China for any period of time, he would be an even bigger idiot than he seems to be by returning voluntarily.

[Royal_jimmy]

I hope once Dai has sold us, someone runs him over

[Forbury Lion]

I hope once Dai has sold us, someone runs him over

Might actually speed the sale up if he was run over first, At least the administrators of the estate will be wanting to sell.

[SouthDownsRoyal]

I hope once Dai has sold us, someone runs him over

When is he going to sell up m7?

[Forbury Lion]

I hope once Dai has sold us, someone runs him over

When is he going to sell up m7?

Put it this way, you might as well park the car up and go down the pub.

[Mid Sussex Royal]

Matt Hughes (London journo) reporting Roger Smee planning late bid....

Smee to the rescue (part 2)

[traff]

Is his source CEEFAX?

[morganb]

https://www.cityam.com/ahead-of-the-gam ... l-saviour/

Former Reading chairman Roger Smee is considering making a last-ditch attempt to rescue the club from the ownership of Dai Yongge.

The 76-year-old property tycoon, who also played for Reading in the 1960s and 1970s, is already a hero among older fans for helping to block Robert Maxwell’s proposal to merge the club with Oxford United when he was on the board in the 1980s.

Smee went on to become Reading chairman after ousting Maxwell, before selling up to John Madejski in 1990 with the club in financial difficulties.

With Reading’s cash-flow problems approaching crisis point, City AM has learned that Smee has held initial talks about funding a rescue package.

Reading have been on the market for over a year but Yongge has been unable to sell, partly due to a number of outstanding loans the Chinese businessman has taken out which are secured against the club’s stadium.

A £25m sale to former Wycomber owner Rob Couhig was agreed last summer but collapsed in September and the club now face a struggle to meet their operating costs for the rest of the season.

A £5m loan from Couhig was repaid by Yongge in September, leaving Reading short of funds to pay the wages of players and staff.

The club announced that they had entered exclusive negotiations with another buyer in October but their identity remains unknown.

[Sutekh]

https://www.cityam.com/ahead-of-the-game-reading-fc-hero-emerges-as-potential-saviour/

Former Reading chairman Roger Smee is considering making a last-ditch attempt to rescue the club from the ownership of Dai Yongge.

The 76-year-old property tycoon, who also played for Reading in the 1960s and 1970s, is already a hero among older fans for helping to block Robert Maxwell’s proposal to merge the club with Oxford United when he was on the board in the 1980s.

Smee went on to become Reading chairman after ousting Maxwell, before selling up to John Madejski in 1990 with the club in financial difficulties.

With Reading’s cash-flow problems approaching crisis point, City AM has learned that Smee has held initial talks about funding a rescue package.

Reading have been on the market for over a year but Yongge has been unable to sell, partly due to a number of outstanding loans the Chinese businessman has taken out which are secured against the club’s stadium.

A £25m sale to former Wycomber owner Rob Couhig was agreed last summer but collapsed in September and the club now face a struggle to meet their operating costs for the rest of the season.

A £5m loan from Couhig was repaid by Yongge in September, leaving Reading short of funds to pay the wages of players and staff.

The club announced that they had entered exclusive negotiations with another buyer in October but their identity remains unknown.

Be wonderful if it could happen but how would he be funded (and when would he reappoint Ian Branfoot)?

[WestYorksRoyal]

Maybe Smee and SJM joint ticket just to get it out of his hands, make it more financially stable and sell on again.

Probably bollocks. I don't really want to hear rumours of new parties. I want to see the preferred bidder get a deal done.

[Crusader Royal]

Maybe Smee and SJM joint ticket just to get it out of his hands, make it more financially stable and sell on again.

Probably bollocks. I don't really want to hear rumours of new parties. I want to see the preferred bidder get a deal done.

I doubt either Smee or SJM have the funds to do much in practical terms but possibly as the front for a group of local people they might be able to repeat their previous heroic acts. I don’t think Smee has had any connections to the club for a very long time but last I was aware he was living in Wargrave.

[El Diablo]

Maybe Smee and SJM joint ticket just to get it out of his hands, make it more financially stable and sell on again.

Probably bollocks. I don't really want to hear rumours of new parties. I want to see the preferred bidder get a deal done.

I doubt either Smee or SJM have the funds to do much in practical terms but possibly as the front for a group of local people they might be able to repeat their previous heroic acts. I don’t think Smee has had any connections to the club for a very long time but last I was aware he was living in Wargrave.

I reckon Smee is financially on par , if not better, than the last band of Americans who tried to buy the club, and with his Business interests no doubt has access to financing / funding..

[Crusader Royal]

Maybe Smee and SJM joint ticket just to get it out of his hands, make it more financially stable and sell on again.

Probably bollocks. I don't really want to hear rumours of new parties. I want to see the preferred bidder get a deal done.

I doubt either Smee or SJM have the funds to do much in practical terms but possibly as the front for a group of local people they might be able to repeat their previous heroic acts. I don’t think Smee has had any connections to the club for a very long time but last I was aware he was living in Wargrave.

I reckon Smee is financially on par , if not better, than the last band of Americans who tried to buy the club, and with his Business interests no doubt has access to financing / funding..

Smee has a rather chequered financial history. I’d be surprised if he had funds to hand running into millions. As I said, he might be a figurehead to bring in other local wealthy people as he’s always been a wheeler dealer.

[The Cap]

Not really been keeping up with latest takeover news as, like everybody else on here, we'll believe it once officially announced. However, when I saw Roger Smee's name mentioned this morning, I thought about his previous heroics to see off Maxwell and suddenly felt a warm glow. Could he just be the person to finally help in sorting out this mess? Was certainly a decent player for us back in the day and seems to retain a strong allegiance to the club.

[Snowflake Royal]

Maybe Smee and SJM joint ticket just to get it out of his hands, make it more financially stable and sell on again.

Probably bollocks. I don't really want to hear rumours of new parties. I want to see the preferred bidder get a deal done.

You sweet child, thinking there actually is a preferred bidder...

[El Diablo]

I doubt either Smee or SJM have the funds to do much in practical terms but possibly as the front for a group of local people they might be able to repeat their previous heroic acts. I don’t think Smee has had any connections to the club for a very long time but last I was aware he was living in Wargrave.

I reckon Smee is financially on par , if not better, than the last band of Americans who tried to buy the club, and with his Business interests no doubt has access to financing / funding..

Smee has a rather chequered financial history. I’d be surprised if he had funds to hand running into millions. As I said, he might be a figurehead to bring in other local wealthy people as he’s always been a wheeler dealer.

Sounds perfect!! Smee's Rock Co Capital Limited has a net worth of c. £ 33m, and is family owned. I reckon he has the required to make it happen , if that's what he wants to do.

[Royalwaster]

I reckon Smee is financially on par , if not better, than the last band of Americans who tried to buy the club, and with his Business interests no doubt has access to financing / funding..

Smee has a rather chequered financial history. I’d be surprised if he had funds to hand running into millions. As I said, he might be a figurehead to bring in other local wealthy people as he’s always been a wheeler dealer.

Sounds perfect!! Smee's Rock Co Capital Limited has a net worth of c. £ 33m, and is family owned. I reckon he has the required to make it happen , if that's what he wants to do.

Yeah buy RFC and bankrupt his family owned company!

[Crusader Royal]

I reckon Smee is financially on par , if not better, than the last band of Americans who tried to buy the club, and with his Business interests no doubt has access to financing / funding..

Smee has a rather chequered financial history. I’d be surprised if he had funds to hand running into millions. As I said, he might be a figurehead to bring in other local wealthy people as he’s always been a wheeler dealer.

Sounds perfect!! Smee's Rock Co Capital Limited has a net worth of c. £ 33m, and is family owned. I reckon he has the required to make it happen , if that's what he wants to do.

That’s not cash. That’s the land owned by a company who invests in land.
He destroyed one company by getting involved with us, really can’t see him pumping cash raised by selling assets and risking his own money again.
Even £33 million disappears quite quickly if £30 million is he needed to buy the club….

[El Diablo]

Smee has a rather chequered financial history. I’d be surprised if he had funds to hand running into millions. As I said, he might be a figurehead to bring in other local wealthy people as he’s always been a wheeler dealer.

Sounds perfect!! Smee's Rock Co Capital Limited has a net worth of c. £ 33m, and is family owned. I reckon he has the required to make it happen , if that's what he wants to do.

That’s not cash. That’s the land owned by a company who invests in land.
He destroyed one company by getting involved with us, really can’t see him pumping cash raised by selling assets and risking his own money again.
Even £33 million disappears quite quickly if £30 million is he needed to buy the club….

Absolutely. The point being he has leverage to Finance / back funding.

[Pepe the Horseman]