CONFRIMATION of the CONFIMRED

[Snowflake Royal]

I personally can criticise him for that because in my personal opinion he entered into due diligence period on a company and the deal fell through which happens in life but he isn't owed any actual money because he didnt lose any actual money. And now he's upset about missing out on a deal.

Why is everyone so desperate to sympathise with a business man who missed out on a deal and now is being an arse? Which may extinguish RFC. Weird bootlicking.

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

I think I probably said "could," not would. And that was when Couhig was looking more like an asset stripper than someone wantonly trying to send the club into destruction. It was pure speculation, based on where we were at that time.

I've tried quite hard to be conciliatory towards you because you're an interesting and well informed poster, albeit one with a tendency to be inflammatory. But getting my user name wrong starts to make you look a bit pathetic.

Sounds like I shouldn't have shyed away from trying to spell Armadillo off the top of my head without looking.

[Snowflake Royal]

Question about liquidation for someone smarter than me.

Hasn't Couhig suggested the club can't be put into administration / liquidation without his say so because of the liens ...
But if HMRC fail to get paid, don't they trump all creditors so could wind the club up unilaterally?

Or is Couhig just suggesting the stadium / bearwood companies can't be liquidated?

I do also wonder if "can't be liquidated" means that he can't legally sell off the assets, rather than he can't put the club in liquidation.

I don't see Dai going for administration, as he probably cares very little about keeping the business going.

It somewhat misses the point that the threat of administration/liquidation isn't the problem. It's the risk of being a football club without a competition to play in.

[Snowflake Royal]

Update from EFL very imminent......

(according to Andy Preston)

https://www.efl.com/news/2025/april/03/efl-statement--reading-fc/

Following a meeting of the EFL’s Board earlier today, the League can confirm that following a request from Reading FC it has extended the time allowed for Mr Dai Yongge to divest his interests in the Club until 22 April subject to compliance with all other EFL Regulations.

As stated previously, the League’s priority is to progress a sale of the Club at the earliest opportunity, in order to end the current uncertainty surrounding its future for its staff, supporters and wider community. While Mr Yongge is yet to divest his interests, as is required following his disqualification, discussions for him to do so remain active and ongoing.

The Board recognised that these matters are further complicated by the structure of assets held across different companies, and various competing security interests, and therefore deemed it appropriate to allow more time for them to be resolved. In the meantime, the League will continue to monitor those discussions and the Club's immediate cash flow requirements.

The League has the power to suspend a Club if a Director fails to comply with the requirements of their disqualification. The terms of any suspension would be at the discretion of the Board, and while suspended Clubs are not permitted to fulfil League matches, they would continue to be a member of the League at that point.

Following recent comments in respect of the circumstances around the approval of Mr Yongge’s acquisition of the Club in 2017, the League would like to reiterate that Mr Yongge was not subject to a sports governing body disqualification, including the Premier League, at the time of the acquisition.

The reason Mr Yongge did not procced with a purchase at Hull City was related to the involvement of a separate individual. This individual was not involved in the subsequent purchase of Reading, and in the absence of any disqualifying condition, alongside ample evidence of source and sufficiency of funding, the EFL was obligated to confirm that Mr Yongge met the requirements of the Regulations.

Nice, the FL have actually addressed the bulllshit blame them nonsense the likes of Jimmy and the other dimwits have been spouting for years.

Otherwise, entirely predictable extension allowing us to fulfill more fixtures and maintain the league integrity.

I'd assumed we'd get a holding announcement or radio silence while they did the beaurocracy until 3 May, but they're being nice and official and communicative about it.

[Armadillo Roadkill]

Update from EFL very imminent......

(according to Andy Preston)

https://www.efl.com/news/2025/april/03/efl-statement--reading-fc/

Following a meeting of the EFL’s Board earlier today, the League can confirm that following a request from Reading FC it has extended the time allowed for Mr Dai Yongge to divest his interests in the Club until 22 April subject to compliance with all other EFL Regulations.

As stated previously, the League’s priority is to progress a sale of the Club at the earliest opportunity, in order to end the current uncertainty surrounding its future for its staff, supporters and wider community. While Mr Yongge is yet to divest his interests, as is required following his disqualification, discussions for him to do so remain active and ongoing.

The Board recognised that these matters are further complicated by the structure of assets held across different companies, and various competing security interests, and therefore deemed it appropriate to allow more time for them to be resolved. In the meantime, the League will continue to monitor those discussions and the Club's immediate cash flow requirements.

The League has the power to suspend a Club if a Director fails to comply with the requirements of their disqualification. The terms of any suspension would be at the discretion of the Board, and while suspended Clubs are not permitted to fulfil League matches, they would continue to be a member of the League at that point.

Following recent comments in respect of the circumstances around the approval of Mr Yongge’s acquisition of the Club in 2017, the League would like to reiterate that Mr Yongge was not subject to a sports governing body disqualification, including the Premier League, at the time of the acquisition.

The reason Mr Yongge did not procced with a purchase at Hull City was related to the involvement of a separate individual. This individual was not involved in the subsequent purchase of Reading, and in the absence of any disqualifying condition, alongside ample evidence of source and sufficiency of funding, the EFL was obligated to confirm that Mr Yongge met the requirements of the Regulations.

Nice, the FL have actually addressed the bulllshit blame them nonsense the likes of Jimmy and the other dimwits have been spouting for years.

Otherwise, entirely predictable extension allowing us to fulfill more fixtures and maintain the league integrity.

I'd assumed we'd get a holding announcement or radio silence while they did the beaurocracy until 3 May, but they're being nice and official and communicative about it.

That's quite encouraging, as it shows a level of realism.

Can't complain about the EFL not communicating. And obviously, as you (Snowflake) have had to point out time after time, there was no way the EFL could or should have not allowed Dai to buy the club. To blame the EFL for the mess Dai got us into is delusional.

[Armadillo Roadkill]

You and Roadblock seem to missing the point. No one is particularly sympathising with Couhig or 'on his side'. They are disagreeing he's the problem. Because the problem is Dai. It always was Dai. It still is Dai. It always will be Dai.

It's not that long ago someone, I think Roadblock, was saying Dai would be looked at favourably in future for saving the club by not selling it to Couhig. Now that is mad.

I think I probably said "could," not would. And that was when Couhig was looking more like an asset stripper than someone wantonly trying to send the club into destruction. It was pure speculation, based on where we were at that time.

I've tried quite hard to be conciliatory towards you because you're an interesting and well informed poster, albeit one with a tendency to be inflammatory. But getting my user name wrong starts to make you look a bit pathetic.

Sounds like I shouldn't have shyed away from trying to spell Armadillo off the top of my head without looking.

If I've over reacted I apologise.

[Whore Jackie]

Just wondering if there's a scenario where the current bidder's exclusivity period (presumed to be Platek) ends and Couhig is then able to step in and buy. Would solve the issue of Dai breaching another exclusivity.

Anyone know how long the previous exclusivity periods have been? Looking on the OS not all have been covered. The one prior to the current Platek period, presumed to be Paul Taylor, was announced on 7 October and confirmed to have ended on 4 February. That's 17 weeks from 7 Oct – 3 Feb. Platek's exclusivity was announced 24 February. 17 weeks takes us to 23 June. If it was shortened to 14 weeks that would end on 2 June. Almost certainly before the EFL AGM and the June Dai v Couhig court case. Has that date been confimred?

Obviously that's way beyond the extended 22 April deadline for Dai to sell, but it does seem like there's willing from the EFL to try to keep us afloat beyond this season.

[Elm Park Kid]

I'm still going on the assumption that the 'real' deadline will be the end of May - with a little bit of leeway given if Dai has enough evidence to prove that the deal is going through.

People talk about giving teams enough time to prepare for the following season - but we never know the final list of clubs until the last week of May anyway. And i think i'm right that most player contracts don't end until 30 June. It's tight - but you have to consider the huge pressure that exists on the EFL to not cause the death of a club like Reading. They will push things to the limit and accept the consequences if a few clubs get pissed.

[Orion1871]

Just wondering if there's a scenario where the current bidder's exclusivity period (presumed to be Platek) ends and Couhig is then able to step in and buy. Would solve the issue of Dai breaching another exclusivity.

Anyone know how long the previous exclusivity periods have been? Looking on the OS not all have been covered. The one prior to the current Platek period, presumed to be Paul Taylor, was announced on 7 October and confirmed to have ended on 4 February. That's 17 weeks from 7 Oct – 3 Feb. Platek's exclusivity was announced 24 February. 17 weeks takes us to 23 June. If it was shortened to 14 weeks that would end on 2 June. Almost certainly before the EFL AGM and the June Dai v Couhig court case. Has that date been confimred?

Obviously that's way beyond the extended 22 April deadline for Dai to sell, but it does seem like there's willing from the EFL to try to keep us afloat beyond this season.

Didn't Couhig's lawyers say that the Platek takeover was on day 5 of 59 at the hearing? Can probably work it out from that. Although all this uncertainty may have had an effect to delay it further.

[WestYorksRoyal]

They blinked. Everyone knows they're too scared to go nuclear with 9 games of the season left.

[Sutekh]

Date extended to 22 April though I suspect Reading will be allowed to complete the season to maintain the integrity of the competition should (when) the sale still hasn’t been completed.

However Mansfield away could therefore be the last league game the club plays (and Lincoln before that the last home game).

To reiterate, the problem is Dai, nobody else, it’s him that could end this at any time by agreeing a sale (like he should have done last September to avoid any of this ridiculous unnecessaryness).

Looking forward to the standard BS club statement about how everyone’s working hard toward a sale and that Dai is anxious to complete asap.

Back to business as usual then.

[tmesis]

It still seems weird they didn't just extend the deadline by a month, as suspending us in three weeks would be no less messy than now.

The ominous and completely unsubtantiated thought is they want to see concrete evidence of a sale by that date, or we'll be on notice to be kicked out on the 4th of May.

[Mid Sussex Royal]

What was the 4th May date then? So do we in effect now have a month's notice from 22nd April?

[tmesis]

What was the 4th May date then? So do we in effect now have a month's notice from 22nd April?

That was the date released after the court case.

[Snowflake Royal]

I think I probably said "could," not would. And that was when Couhig was looking more like an asset stripper than someone wantonly trying to send the club into destruction. It was pure speculation, based on where we were at that time.

I've tried quite hard to be conciliatory towards you because you're an interesting and well informed poster, albeit one with a tendency to be inflammatory. But getting my user name wrong starts to make you look a bit pathetic.

Sounds like I shouldn't have shyed away from trying to spell Armadillo off the top of my head without looking.

If I've over reacted I apologise.

Absolutely no need. It's a shitty situation, we're butting heads a bit and have some differences of opinion. Nothing personal.

The Roadblock - Roadkill gripe actually made me smile. My fault getting it wrong.

[Snowflake Royal]

But have you considered Amarillo Roadblock might be a better user name?

[Hound]

Yeah only thing interesting and unexpected on that statement is the 22nd April date. Why not extend to end of season?

But suspect they will on 22nd April

Anyway a couple of weeks if this nonsense

[Biscuit goalie]

Yeah only thing interesting and unexpected on that statement is the 22nd April date. Why not extend to end of season?

But suspect they will on 22nd April

Anyway a couple of weeks if this nonsense

We would only have 1 game left after 22nd and my guess would be that the league positions will be set (playoff's) by then and not include us, so as not to affect any further results

[Royals and Racers]

Yeah only thing interesting and unexpected on that statement is the 22nd April date. Why not extend to end of season?

But suspect they will on 22nd April

Anyway a couple of weeks if this nonsense

We would only have 1 game left after 22nd and my guess would be that the league positions will be set (playoff's) by then and not include us, so as not to affect any further results

2 games !

[windermereROYAL]

Yes, for me the 19th looks to be a very odd date, there really has to be a specific reason why they picked that..but maybe not.

[Sutekh]

But have you considered Amarillo Roadblock might be a better user name?

Probably already taken by Dai though.