Z175 I think the truth is somewhere in the middle. Clearly the national media have only just woken up to us, again, and so I completely agree stories are scaremongering and without foundation.
Yet I think the mood is swept up in the promotion euphoria. Like the media, we have no idea about the actual source of any cash.
A lot of people are erroneously putting faith in "the club/Sir John doing their due diligence". However, this is a term used to investigate the company you are taking over,i.e. Reading FC, not the purchaser. Any mention of DD form official channels is referred to the fact that TSI have commissioned a full investigation into Readings finances to check what they are buying.
This does not, of course, preclude, John Madejski not having vetted Anton thoroughly. I would though he has done so, but statements like "I could have called Bill Kenright, but I chose not to, as I felt I could trust Anton and Chris" and "Anton's just a lovely man", and Samuelson "This is not the father, this is the son", Madejski "His Dad is a billionnaire", are not exactly statements that imply this. Sir John is totally enamoured with the takeover, and living the dream of "europe" that it wouldn't be entirely far fetched for him not to know all the ins and outs of TSI.
Equally however, theres nothing to suggest Anton isn't heading a group of investors who can see that owning a slice of a club with a 40,000 seater stadium in Europe would be a good investment, or literally looking to spank his inheritance on his new toy (please, please, please!).
But with promotion,theres nothing to worry about yet. THe possibility of Anton being a tramp and us having to sell Pearce, Karacan et al to pay Roberts 6 months wages is past.
Frankly, now we are up we're laughing whatever happens. The TV deal has gone up loads since we came 8th, parachute payments now last 4 years and our squad aren't really the upcoming stars like Doyle, Shorey etc who needed big wages. We just have to wait and see whats in from Anton, but if the answer to that is nothing, its not a disaster at all.
^^ Triffic post ^^