OFFISHAL CONFRIMATION of the CONFIMRED

[Sutekh]

Something else is coming today, keep your eyes peeled to this link - https://youtu.be/O9ibNFVZwis

Too red! Please wear blue in future.

[Reading4eva]

Something else is coming today, keep your eyes peeled to this link - https://youtu.be/O9ibNFVZwis

Too red! Please wear blue in future.

Sorry shall do, don't think I have a blue Lacoste but when I go to Gunwharf Quays next I will pick one up

[Linden Jones' Tash]

Something else is coming today, keep your eyes peeled to this link - https://youtu.be/O9ibNFVZwis

Interesting interview - thanks for asking Some pertinent questions and not just soft soaping it.

New structure of the companies with the debt being held in Redwood Investments was interesting - good that he said they won't be calling it in - it will just sit there til they flip the club.

He also implied a round of Redundancies incoming - hope people aren't too affected by it.

The rest was good to hear - the proof of the pudding will be in the next steps...

[Sutekh]

Might have said that all those on HNA who slagged him off or blamed him for the collapse of the initial sale will be sought out and “legally approached”

[windermereROYAL]

Very interesting interview, he appears to talk a lot of sense. stand outs for me were making more use of Bearwood and the stadium.

[Brogue]

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that money? or is that not how it works? how does it work when someone buy a entity with debt? will the accounts next season show the debt figure? he says he doesn't want to cash it in, but surely we need to start paying some of it off over a regular basis, or are we just going to kick the can down the road for the next 10 years.

[Forbury Lion]

Where can you buy US flags, might as well make the effort to give them a home from home !

USA? - Although there would be a 10% levy so maybe buy one from China off Temu - Just don't count the number of stars and stripes.

Actually, I'm surprised Trump hasn't ordered a new Stars and Stripes with 52 stars to represent Canada and Greenland.

[El Diablo]

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that money? or is that not how it works? how does it work when someone buy a entity with debt? will the accounts next season show the debt figure? he says he doesn't want to cash it in, but surely we need to start paying some of it off over a regular basis, or are we just going to kick the can down the road for the next 10 years.

I would imagine that the debt in question is the Interco loan to build Bearwood. ( on the last filed accounts that was £39m)

I'd be amazed if any of Dai's other 'funding' undertakings weren't written off by him.

[Linden Jones' Tash]

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that money? or is that not how it works? how does it work when someone buy a entity with debt? will the accounts next season show the debt figure? he says he doesn't want to cash it in, but surely we need to start paying some of it off over a regular basis, or are we just going to kick the can down the road for the next 10 years.

It would be helpful if someone with the relevant financial expertise could help us understand....

It's good that the implications is that it will be dormant until Redwood decides to sell...

And I would imagine that pennies in the pound was paid for the Debt....

But other than imagining it is some clever way to hold it and defer any impact on monies spent by the new owners, some expert input would be good.

[Whore Jackie]

https://www.theguardian.com/football/2025/may/19/new-reading-owner-rob-couhig-there-is-a-real-market-for-the-efl-in-the-us

[Reading4eva]

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that money? or is that not how it works? how does it work when someone buy a entity with debt? will the accounts next season show the debt figure? he says he doesn't want to cash it in, but surely we need to start paying some of it off over a regular basis, or are we just going to kick the can down the road for the next 10 years.

It would be helpful if someone with the relevant financial expertise could help us understand....

It's good that the implications is that it will be dormant until Redwood decides to sell...

And I would imagine that pennies in the pound was paid for the Debt....

But other than imagining it is some clever way to hold it and defer any impact on monies spent by the new owners, some expert input would be good.

Kieran Maguire's The Price of Football podcast is very good for this sort of thing. I am sure he would be more than happy to explain it in more detail and dig into dodgy Dai's dealings

[rfc8]

how does the debt to dia work then. Couhig says hes taken it on, and isn't looking to cash it in. how much was the club in debt? say for instance its the reported 200 million dai pumped in. does that mean couhig has paid dai 200 million on top of the sale price? and now the club owes couhig that money? or is that not how it works? how does it work when someone buy a entity with debt? will the accounts next season show the debt figure? he says he doesn't want to cash it in, but surely we need to start paying some of it off over a regular basis, or are we just going to kick the can down the road for the next 10 years.

2024 balance sheet showing c £90m owing to group undertakings not sure how much Couhig etc taken on, some may relate to land used as car parks and earmarked for development, which I don't think is part of the deal

ps, Couhig has taken on let's say c£75m debt, but paid little if anything for the shares, could potentially convert the debt into equity which a future owner would pay a market price for

[Linden Jones' Tash]

https://www.theguardian.com/football/2025/may/19/new-reading-owner-rob-couhig-there-is-a-real-market-for-the-efl-in-the-us

Thanks for posting this link....

It's very similar to the YouTube interview- strong message discipline!

[Mr Angry]

"The manager, Noel Hunt, will be staying after doing a hugely impressive job in difficult circumstances since replacing Rubén Sellés in December."

Excellent news!

[Meatwad]

I am not overly concerned with the debt and/or financial aspects at all tbh. Couhig due to his work at Wycombe knows what it takes to not only keep a club financially stable and viable, but also to work within a budget to have the club be successful on the pitch. Quite sure he understands the financial ups and downs he will need to meander to get us back to where we need to be; would never have signed on the dotted line otherwise.

[rabidbee]

Is the debt an accounting rule - you can’t just give your club money, you have to loan it? Hence its debt owed by the club to the owners.

[Elm Park Kid]

There's no way that the club still has any debt owing to Dai. That wouldn't make any business sense. It's like buying a house from someone for the market value but having to keep their mortgage as well.

It's possible/likely that we still owe money to third parties. I can't imagine it's a lot though as Couhig wouldn't have paid Dai a fee if he also had to take on millions of debt.

[Sutekh]

There's no way that the club still has any debt owing to Dai. That wouldn't make any business sense. It's like buying a house from someone for the market value but having to keep their mortgage as well.

It's possible/likely that we still owe money to third parties. I can't imagine it's a lot though as Couhig wouldn't have paid Dai a fee if he also had to take on millions of debt.

The current debt is owed to Rob and Todd. The new owners are resolving any currently working through the outstanding “issues” with various 3rd parties (eg. Paying up the car parking schemes, buses etc.) so guess that’s the sort of stuff that’ll sit on the books until the club gets sold on again.

[Linden Jones' Tash]

There's no way that the club still has any debt owing to Dai. That wouldn't make any business sense. It's like buying a house from someone for the market value but having to keep their mortgage as well.

It's possible/likely that we still owe money to third parties. I can't imagine it's a lot though as Couhig wouldn't have paid Dai a fee if he also had to take on millions of debt.

The current debt is owed to Rob and Todd. The new owners are resolving any currently working through the outstanding “issues” with various 3rd parties (eg. Paying up the car parking schemes, buses etc.) so guess that’s the sort of stuff that’ll sit on the books until the club gets sold on again.

Is that confirmed?

None of the tens of millions of debts accrued by the previous regime are owned to external/third parties...

It's all been picked up by the new owners and is owed to them - so is only an issue when they come to sell - but they control what they do with it?

Just so I am clear what is fact

[Royal Rother]

There's no way that the club still has any debt owing to Dai. That wouldn't make any business sense. It's like buying a house from someone for the market value but having to keep their mortgage as well.

It's possible/likely that we still owe money to third parties. I can't imagine it's a lot though as Couhig wouldn't have paid Dai a fee if he also had to take on millions of debt.

The current debt is owed to Rob and Todd. The new owners are resolving any currently working through the outstanding “issues” with various 3rd parties (eg. Paying up the car parking schemes, buses etc.) so guess that’s the sort of stuff that’ll sit on the books until the club gets sold on again.

Is that confirmed?

None of the tens of millions of debts accrued by the previous regime are owned to external/third parties...

It's all been picked up by the new owners and is owed to them - so is only an issue when they come to sell - but they control what they do with it?

Just so I am clear what is fact

Yes, that is fact.