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Reading ownership shenanigans - 14th May 2025 takeover complete (p7)
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I think it’s only right they get relegated this season… and that has nothing to do with the fact that I put 50/1 on it early on in the season when I, very incorrectly as it happens, thought they’d completely fold when they lost Selles. 👀6
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It becomes very messy for the EFL unless they get taken over. I hope they do, they have done well to be in the position they are with all the issues they face and you shouldn't want to benefit from a team going out of business to succeed.1
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Rock and a hard place for the EFL. They're hope is that there is enough in place by today to convince everyone that it's worth postponing any punishment till seasons end. If the current bid collapses or terms between the parties are nowhere close then they will have little choice but to expel Reading, failure to do so would bring their rule structure into disrepute, they would also face huge criticism if they let the season play out and then declared Reading are out. Hope Reading make it but I'm not sure this is the end of the story.2
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Shock horror, they've been given another extension. This time until 5 May.3
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"Reading Football Club can confirm further progress has been made towards the sale of the club, with the transaction including the Select Car Leasing Stadium and Bearwood Park Training Facility. As a result, The EFL has agreed for a further extension until May 5th for the transaction to be completed.
The terms of the deal have been agreed between the club's current owner Mr Dai and the buyer, whose identity must remain confidential at this stage. Both parties will now work to complete the necessary steps to complete the takeover.
The buying party will be supporting the club’s immediate financial obligations until the transaction is complete, and as such, day-to-day running of the club will be unaffected.
The club would like to thank all supporters, staff, and players for their contribution to the club in recent times. The performance at First Team and Academy level has been outstanding and all attention is on supporting the teams to finish the season strongly."0 -
Don’t think there’s anything wrong with that personally, sounds like the deal is basically done3
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So after last matches of regular season, say we end up 3rd and Reading 6th. What on earth happens re ticket sales for the match on 10th??0
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watch it totally collapse in late july, without any ramifications3
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Only if you trust the owner. It feels like a deal has almost been done about 5 times in the last 18 months since their takeover saga started.fenaddick said:Don’t think there’s anything wrong with that personally, sounds like the deal is basically done6 -
I still don't trust Dai not to pull another last minute stunt and ruin this. They've got this far before and he pulled the rug.4
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Wouldn’t be surprised if he ‘sold’ it to a front of himself.
can’t understand why anyone would undertake the following before attaining ownership
‘The buying party will be supporting the club’s immediate financial obligations until the transaction is complete’
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Didn’t we have a prospective owner start contributing towards this overheads before actually taking ownership in the recent past? Have I imagined that?AFKABartram said:Wouldn’t be surprised if he ‘sold’ it to a front of himself.
can’t understand why anyone would undertake the following before attaining ownership
‘The buying party will be supporting the club’s immediate financial obligations until the transaction is complete’
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This.AFKABartram said:Wouldn’t be surprised if he ‘sold’ it to a front of himself.
can’t understand why anyone would undertake the following before attaining ownership
‘The buying party will be supporting the club’s immediate financial obligations until the transaction is complete’
Didn't think this was allowed. Isn't there some EFL rule not being able to service a club when you are not the owner.
All sounds very fishy to me. As I said this afternoon on the other Reading thread....just more can kicking.
Basically the EFL dont want to do anything whilst the season is "live". Firstly they are hoping that Reading dont make the play offs but if they do they must be really hoping the dont get to the final.....or God forbid win & get promoted.
All hell will be let lose if they do & the sale falls through.
Edit.
Has the title of the thread changed ? I thought this was a different thread as I posted earlier on one about a points deduction.
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Step forward Paul Elliott 😄AFKABartram said:
‘The buying party will be supporting the club’s immediate financial obligations until the transaction is complete’4 -
Personally I think it’s the correct decision. Where I think The EFL made their mistake was by giving deadlines without consequence. As soon as the first deadline was missed there should have been an immediate points deduction. Same with second. Certainly every effort should have been made to give the buyer and seller time to conclude a deal but there should’ve been consequences. This will now rattle on with the likely outcome of Reading getting a new owner which is good but ridiculously without suffering in any meaningful way. The EFL are a disgrace.3
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I hope the EFL have been clear to them that the 5 May is actually a FINAL deadline and that if it isn't resolved by then, they won't be able to compete in the play offs. Otherwise what is to stop the owner delaying it further to see if they get promoted? That'd make the club worth a hell of a lot more.
Although i suppose it's possible there is a clause in the deal that the prospective new owner pays more if they go up.1 -
Club has been sold in principle... Great news for their fans
Reading FC | Club Statement
As a result the EFL are happy to extend the deadline for the divestment of Mr Dai Yongge’s shareholding until its next Board Meeting on 8 May.2 -
Allegedly Paul Elliot did.se9addick said:
Didn’t we have a prospective owner start contributing towards this overheads before actually taking ownership in the recent past? Have I imagined that?AFKABartram said:Wouldn’t be surprised if he ‘sold’ it to a front of himself.
can’t understand why anyone would undertake the following before attaining ownership
‘The buying party will be supporting the club’s immediate financial obligations until the transaction is complete’
I've not idea if he actually did.0 -
They have been in this position before but what a lift that will give them going into the play offs .. they will be the most dangerous side in thereForeverAddickted said:Club has been sold in principle... Great news for their fans
Reading FC | Club Statement
As a result the EFL are happy to extend the deadline for the divestment of Mr Dai Yongge’s shareholding until its next Board Meeting on 8 May.4 -
If they get there…Think Orient win todayRonnieMoore said:
They have been in this position before but what a lift that will give them going into the play offs .. they will be the most dangerous side in thereForeverAddickted said:Club has been sold in principle... Great news for their fans
Reading FC | Club Statement
As a result the EFL are happy to extend the deadline for the divestment of Mr Dai Yongge’s shareholding until its next Board Meeting on 8 May.2 - Sponsored links:
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Losing at home to Barnsley wasn’t in the fairy tail script1
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The EFL probably told them they had to lose & not make the play offs for them to rubber stamp yet another extension.ShootersHillGuru said:Losing at home to Barnsley wasn’t in the fairy tail script.1 -
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A not so subtle dig at the previous owner:
"Redwood is ambitious and dedicated towards the club returning to its rightful place within the English football pyramid, while adhering to clear principles of honesty, transparency, and financial sustainability."1 -
Classic Ronnie.RonnieMoore said:
They have been in this position before but what a lift that will give them going into the play offs .. they will be the most dangerous side in thereForeverAddickted said:Club has been sold in principle... Great news for their fans
Reading FC | Club Statement
As a result the EFL are happy to extend the deadline for the divestment of Mr Dai Yongge’s shareholding until its next Board Meeting on 8 May.6 -
Third division is there rightful place, no? Or do the new owners want them in the fourth?Chris_from_Sidcup said:A not so subtle dig at the previous owner:
"Redwood is ambitious and dedicated towards the club returning to its rightful place within the English football pyramid, while adhering to clear principles of honesty, transparency, and financial sustainability."2 -
Depends on how you look at it. Since the turn of the century football has changed massively. We have seen the rise of clubs from more affluent southern areas, such as Brighton, Brentford and Bournemouth, whilst clubs from provincial northern & midlands cities and towns like Sheffield Wednesday, Bolton, Derby County find themselves yo-yoing between the 2nd and 3rd tiers. Since 2000, Reading have played most of their football in the second tier, with 17 seasons.AddicksAddict said:
Third division is there rightful place, no? Or do the new owners want them in the fourth?Chris_from_Sidcup said:A not so subtle dig at the previous owner:
"Redwood is ambitious and dedicated towards the club returning to its rightful place within the English football pyramid, while adhering to clear principles of honesty, transparency, and financial sustainability."Wanna read something shocking? Since the start of the 21st century, Charlton have spent 44% of it playing 3rd tier football. Creeps up to 46% if we stay down. We have spent more time playing third division football than at any other level.Palace have spent half of it playing Premier League football, as of next season 🤢
Millwall have spent 73% of this century playing Championship football, as of next season 🤮
You don’t even want to know the stats for the last decade for the SE London mini-league.0
