CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Snowflake Royal]

Interesting that someone at the club seems to have leaked this, if he's gone a year with nothing leaking it's unlikely his end, but nothing is leaking about the current 'exclusives'

[Crusader Royal]

Interesting that someone at the club seems to have leaked this, if he's gone a year with nothing leaking it's unlikely his end, but nothing is leaking about the current 'exclusives'

Never underestimate the dark arts of doing business….
I don’t know where the leak is from but just wonder who might benefit most from the interest being made public ?

[Mid Sussex Royal]

Dellor just laughed off the Smee bid on the radio as something "you or I could have done"

[Sutekh]

Dellor just laughed off the Smee bid on the radio as something "you or I could have done"

Go then Tim, you and Ady make a bid

Meanwhile he knows nothing of the current bid supposedly being discussed.

Presume he must have talked to Roger about his offer then to be able to laugh it off.

[Elm Park Kid]

My understanding is that the Smee bid was never credible.

But then, no one knows how Dai will react to any bid so at this point so it's all guesswork.

[Stranded]

My understanding is that the Smee bid was never credible.

But then, no one knows how Dai will react to any bid so at this point so it's all guesswork.

But do you have any understanding of if a bid is definitely under exclusivity?

[traff]

Hello. No. My name is Yai Dongge

Exactly
The feckless f*** has absolutely no intention of selling.

[Carnabyswhiskers]

This feels like a case of Munchausen by proxy, with Dai as the patient and us as the child victim. Where that diagnosis leads us, however, is anyone's guess, given the incapacity of any authority to intervene on our behalf. Social Services?

[Mr Angry]

I am assuming that all the tax and salary commitments due late November have been met (otherwise there would have been an extra 5 pages on here!).

So SOMEBODY is paying the bills...........

[Crusader Royal]

My understanding is that the Smee bid was never credible.

But then, no one knows how Dai will react to any bid so at this point so it's all guesswork.

By ‘credible’ what are we talking about ? Not a high enough bid to tempt Dai ?
Smee is almost certainly going to have a more credible offer than some that we’ve seen but I’d expect it to be pretty pragmatic rather than high value. I’d expect it to be a lowish up front bid with extras depending on how the club progresses.

[Crusader Royal]

I am assuming that all the tax and salary commitments due late November have been met (otherwise there would have been an extra 5 pages on here!).

So SOMEBODY is paying the bills...........

I read Michael Olise is picking up the tab (may have misunderstood this though)

[Wimb]

The Sun claiming that Couhig is now suing Dai for £10.3m.

https://www.thesun.co.uk/sport/32093087/reading-takeover-league-one-rob-couhig-dai-yongge/

[Sutekh]

The Sun claiming that Couhig is now suing Dai for £10.3m.

https://www.thesun.co.uk/sport/32093087/reading-takeover-league-one-rob-couhig-dai-yongge/

Let’s hope something good comes out of it. Poor old Dai, he seems to pick up writs on an hourly basis.

[WestYorksRoyal]

My gut says if nothing is signed, Couhig has no case. But he's the one with a distinguished law career. Plus some sort of agreement may have been signed and reneged upon for all i know.

If it is being settled in courts, you're talking months and years. Makes me think it's Couhig trying to force Dai to sell. Out of court settlement will hopefully see the club sold

[Armadillo Roadkill]

The Sun claiming that Couhig is now suing Dai for £10.3m.

https://www.thesun.co.uk/sport/32093087/reading-takeover-league-one-rob-couhig-dai-yongge/

Obviously I'm not clicking that link as it's to The Sun.

What does it say?

[Sutekh]

The Sun claiming that Couhig is now suing Dai for £10.3m.

https://www.thesun.co.uk/sport/32093087/reading-takeover-league-one-rob-couhig-dai-yongge/

Obviously I'm not clicking that link as it's to The Sun.

What does it say?

This.

READING have been hit with a £10.3million compensation claim by former Wycombe owner Rob Couhig.

The American lawyer told SunSport he lodged a claim in the High Court against Renhe Sports Management — the company through which Chinese businessman Dai Yongge owns Reading.

Couhig is seeking £800,000 in costs and £9.5m in potential lost profits after Yongge withdrew from a £30m agreement to sell the League One club in September.

After agreeing a purchase price last summer, Couhig lent the Royals around £5m to help with running costs.

All the paperwork required to seal the deal was completed — other than Yongge’s signature.

And Couhig was stunned to receive an email from the club in September telling him the deal was off.

Yongge went on to enter exclusive negotiations with another buyer, whose identity has never been revealed.

RSM have been approached for comment.

Couhig insisted he had the interests of the League One club’s boss Ruben Selles and his squad at heart.

He added: “I would much rather do a deal to take over the club than win these damages.

“I really want the club to transact before January so we can get down to business. But no one at Reading has had the courtesy to pick up the phone to me and say, ‘We don’t like X, we want Y'.

“I made it clear from day one I am not a bank. I was only lending them money to buy the club.

“I feel terrible for Ruben and the boys.

“I’ve tried not to be a distraction, which is why I’ve not said anything.

“But enough is enough. I’m at my wits’ end and had to act.”

Couhig has insisted all along his offer remains on the table.

Ex-Reading chairman Roger Smee revealed Yongge has also rejected his bid to buy the club.

[Royals and Racers]

Not sure how he can claim 9.5 M in potential lost profits as no doubt the club is still haemorrhaging considerable amounts monthly.

[Sutekh]

Not sure how he can claim 9.5 M in potential lost profits as no doubt the club is still haemorrhaging considerable amounts monthly.

Presumably something that can be argued in big finance accounting talk. Anyway some very big lawyers, who you’d think know their stuff, must think it’s a reasonable chance of winning a legal battle.

[Snowflake Royal]

Not sure how he can claim 9.5 M in potential lost profits as no doubt the club is still haemorrhaging considerable amounts monthly.

Presumably something that can be argued in big finance accounting talk. Anyway some very big lawyers, who you’d think know their stuff, must think it’s a reasonable chance of winning a legal battle.

Or more likely, by initiating a legal battle a settlement to save time and money will be reached.

[Brogue]

Reading have been hit with

Sloppy, or maybe deliberate wording from The Sun. Dai has been hit with... he's not suing Reading