CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Sutekh]

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….

I always thought it was the property market downturn in the late 80s that brought Smee down, he and his business were managing OK before then with its involvement with the club. Would agree that I don’t think he has the money to buy and/or run the club again without investment funding from elsewhere but we shall see.

[LUX]

lol at Pep's pic.

Let's hope it's true, it would be a romantic, local story.

[LUX]

btw, if it's a local, general effort, I'll put a grand in, for an infinitesimal share of the club/my name on a brick sort of deal.

[rightroyalkneesup2]

Is his source CEEFAX?

[karbota]

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

Smee to the rescue (part 2)

Yes please be true Brit, a past Reading great and former savior of the club. Never forget that thunderbolt shot that almost got us a win at Maine Road in the FA Cup.

[RoyalBlue]

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….

I always thought it was the property market downturn in the late 80s that brought Smee down, he and his business were managing OK before then with its involvement with the club. Would agree that I don’t think he has the money to buy and/or run the club again without investment funding from elsewhere but we shall see.

It was a combination of the two I believe. IIRC he had also said he'd spent too much time focussed on the club at the expense of his other businesses.

A thoroughly decent guy IMO.

I can remember when things started to go really downhill under Ian Branfoot. After one game, a large crowd/'mob' of protestors assembled on Norfolk Rd demanding that Branfoot went. Roger Smee came out and stood in the middle of us to discuss the situation. I can remember his words regarding Branfoot to this day: 'He got us into this mess, so he can damn well get us out of it.'!!

[mikey_1871]

Earnshaw reporting that this is only an option if the club falls into admin, which is 'looking unlikely currently'. Presumably why the Matt Hughes article frames this as 'potential saviour'.

Also club still in talks with unnamed party - club must still be funded by them then

[tidus_mi2]

Earnshaw reporting that this is only an option if the club falls into admin, which is 'looking unlikely currently'. Presumably why the Matt Hughes article frames this as 'potential saviour'.

Also club still in talks with unnamed party - club must still be funded by them then

With all due respect for Roger Smee, there's surely more prosperous potential owners out there should administration happen.

[windermereROYAL]

Realism kicking in, it`s all so tiresome now, sell, administration or getting wound up, just get it fuking done because in all honesty no matter how hard it might be to have no club at least we`ll have an answer one way or another.

[Crowbar6753]

I have no idea of the legal and financial dealings of selling a football club so please excuse my ignorance but could this be a ploy to worry Dai into getting the deal over the line as it seems that plenty of interested parties would eagerly take their chance of getting their hands on the club if administration were to happen?

[RoyalBlue]

Earnshaw reporting that this is only an option if the club falls into admin, which is 'looking unlikely currently'. Presumably why the Matt Hughes article frames this as 'potential saviour'.

Also club still in talks with unnamed party - club must still be funded by them then

With all due respect for Roger Smee, there's surely more prosperous potential owners out there should administration happen.

He would be part of a consortium. Wise investors would probably see the tremendous PR value of having him on board too - a former fans' favourite player and previous saviour of the club.