Thames Sports Investment

[robinsfriday]

I heard yesterday that these people once said they were going to buy Everton but pulled out of the deal right at the last minute. Not sure if this is reliable but very worrying if true

[Bring Back The SB]

Sir John has no qualms about Reading FC takeover deal
By Jonny Fordham
March 28, 2012

Sir John Madejski has revealed the deal to sell his majority stake in Reading is unlikely to be finalised before the end of the month.

However, Sir John has assured anxious Royals fans that although Anton Zingarevich’s buyout may miss the original March 31 deadline, there is no prospect of it falling through.

Sir John agreed to sell 51 per cent of the club for £25million in January, but with Royals since making a charge up the table, that price looks like being an absolute bargain.

Zingarevich and his partner Chris Samuelson of TSI are due to step up to the board when the deal is completed and Sir John will remain as chairman until at least 2014.

Sir John told the Reading Post: “The process is progressing very well and all due diligence is almost completed, which means the majority of the paperwork is finalised. With a transaction of this importance there’s always an incredible amount to do.

“March 31 was always a guideline and everything will be done in due course. It’s progressing very well.”

Zingarevich and his Thames Sports Investment company have already ploughed cash into the club.

Manager Brian McDermott has been tied down to a three-and-a-half year contract to fend off interest from Premier League clubs and his assistant manager Nigel Gibbs is also on a similar deal.

The Russian’s company also financed the January singings of Jason Roberts from Blackburn Rovers and Tomasz Cywka from Derby, as well as Matthew Connolly from Queens Park Rangers and later Benik Afobe’s loan move from Arsenal.

Although the delay in the takeover has worried some fans, Gibbs claims it will have no effect on the players or coaching staff.

He said: “All we’re doing is focusing on the football. The transfer window is shut so we can’t bring players in and players can’t leave. It won’t affect anyone here.”

[Dare to Dr£am]

I can only go by my source, and he told me Mullins and the young Arsenal player were coming before the news went public. In the past he has been spot on about Sidwell, Halford, N.Hunt and McAnuff coming here also. He has said that all the checks etc have gone well and the club are close to making an announcement. I asked today about these rumours and he told me it is all nonsense.

"John Madejski entered into a gentleman's agreement in January to sell 51% of his shares in the club. He knew at that time TSI would then invest upfront in the hope the club could make a late push for the Play-offs. The fact that Reading have managed to compete beyond that makes no difference to the fee agreed for these shares. John Madejski knew there was a chance promotion could be achieved and he took that into account when agreeing the deal. As far as I'm aware nothing has changed."

I will put my faith in him over anyone else as he is yet to let me down.

Just want to quote for emphasis!

FL spot on again.

The Rouge and other WUM's can shuffle on.

[The Rouge]

LOL at you and people like you who get all uptight if you read something you don't want to be true.

- I am not a wind up merchant (sure others are)
- I was simply repeating what a good source said
- I am happy that all seems to be going ahead
- I have applauded FL on the accuracy of his source in recent times
- The fact it has taken/is taking a bit longer than forecast adds w8 to the possibility that there may have been an (hopefully already resolved) issue

[Royal Lady]

LOL at you and people like you who get all uptight if you read something you don't want to be true.

- I am not a wind up merchant (sure others are)
- I was simply repeating what a good source said
- I am happy that all seems to be going ahead
- I have applauded FL on the accuracy of his source in recent times
- The fact it has taken/is taking a bit longer than forecast adds w8 to the possibility that there may have been an (hopefully already resolved) issue

^^ this.

I was told by two separate people weeks ago that the agreement had stalled and looked likely not to go ahead. Whether those issues have now been resolved, I couldn't say - I'll have to speak to my informants - but I'm not in the business of just making stuff up for the hell of it. It is true that I am concerned about the direction of the club under new owners - but nobody likes change and it will take time to get used to it - but if it's good for RFC then I'm all for it. However, I'm not going to ignore plausible comments passed to me, just because they go against the "TSI are brilliant and everything is rosy" meme.

[robinsfriday]

LOL at you and people like you who get all uptight if you read something you don't want to be true.

- I am not a wind up merchant (sure others are)
- I was simply repeating what a good source said
- I am happy that all seems to be going ahead
- I have applauded FL on the accuracy of his source in recent times
- The fact it has taken/is taking a bit longer than forecast adds w8 to the possibility that there may have been an (hopefully already resolved) issue

^^ this.

I was told by two separate people weeks ago that the agreement had stalled and looked likely not to go ahead. Whether those issues have now been resolved, I couldn't say - I'll have to speak to my informants - but I'm not in the business of just making stuff up for the hell of it. It is true that I am concerned about the direction of the club under new owners - but nobody likes change and it will take time to get used to it - but if it's good for RFC then I'm all for it. However, I'm not going to ignore plausible comments passed to me, just because they go against the "TSI are brilliant and everything is rosy" meme.

Nobody is saying you're making stuff up for the hell of it. But there is a chance that the two people who informed you of this have heard it from someone who does make stuff up. Chinese whispers and all that... Truth is that no-one really know what is going on apart from those making the deal. Lets all just enjoy the sunshine, look forward to Saturday and enjoy the season before our national team flop in Euro 2012.

[Ups and Downs]

SJM is stalling, people.

[TBM]

SJM is stalling, people.

^^ this

He knows that he can get another buyer if we go up......so is going to wait until after the West Ham and Southampton games before signing anything

[CayeneMatt]

Anton's Mrs is pretty fit, so I for one would be gutted if it didn't go through.

[Vision]

This is all just a Madejski Masterstroke isn't it?

We're on the fringes of the play-offs and he knows with a little extra push we can give ourselves a great chance of going up. However he has no money left and the banks won't lend to football clubs at a decent rate. So he has a chat with his old mate Bill Kenright who tells of him of this naive football mad son of a Russian billionaire who he used to good effect a few years back when he was suffering a bit of heat at Everton.

Madejski gets the investment he needs (goodwiLOLLOL gesture) at a rate far better than he could get anywhere else, we keep McD & kebe, sign key players on short term deals to get us promoted to the Premiership.

JM then pulls out of the deal with TSI citing concerns over their intentions and flogs it as Premiership club for twice as much money to a far Eastern consortium instead.

Retires to the Galapagos with Cilla, taking AZ's missus as his mistress,Samuelson's collection of pocket handkerchieves and Nigel Howe as his houseboy into the bargain.

It's the Reading way.

[The Rouge]

LOL

[winchester_royal]

SJM is stalling, people.

^^ this

He knows that he can get another buyer if we go up......so is going to wait until after the West Ham and Southampton games before signing anything

Might be wrong, but surely signing Heads of Agreement prevents him from backing out like that?

[TBM]

He is currently trying to find that way out.....something in the small print

[Extended-Phenotype]

If JM screws this up for the sake of squeezing a few more bucks out of our prospective investors, I for one will be f/cking livid.

If TSI f/ck off, what happens if we don't get another investor or don't get promotion? It's back to watching him strip us of our decent players, and signing people like Manset.

Hooray.

[Dare to Dr£am]

SJM is stalling, people.

^^ this

He knows that he can get another buyer if we go up......so is going to wait until after the West Ham and Southampton games before signing anything

Might be wrong, but surely signing Heads of Agreement prevents him from backing out like that?

I believe so.

[robinsfriday]

This is all just a Madejski Masterstroke isn't it?

We're on the fringes of the play-offs and he knows with a little extra push we can give ourselves a great chance of going up. However he has no money left and the banks won't lend to football clubs at a decent rate. So he has a chat with his old mate Bill Kenright who tells of him of this naive football mad son of a Russian billionaire who he used to good effect a few years back when he was suffering a bit of heat at Everton.

Madejski gets the investment he needs (goodwiLOLLOL gesture) at a rate far better than he could get anywhere else, we keep McD & kebe, sign key players on short term deals to get us promoted to the Premiership.

JM then pulls out of the deal with TSI citing concerns over their intentions and flogs it as Premiership club for twice as much money to a far Eastern consortium instead.

Retires to the Galapagos with Cilla, taking AZ's missus as his mistress,Samuelson's collection of pocket handkerchieves and Nigel Howe as his houseboy into the bargain.

It's the Reading way.

Genius.

[Bring Back The SB]

If JM screws this up for the sake of squeezing a few more bucks out of our prospective investors, I for one will be f/cking livid.

If TSI f/ck off, what happens if we don't get another investor or don't get promotion? It's back to watching him strip us of our decent players, and signing people like Manset.

Hooray.

Jesus Christ he has just said It's going to happen and things are progressing very well!!!!

What more do people want? A seat at the nogotiating table?

If he says the above then we just have to trust him, nothing has happened to make any of us believe their has been a snag.

Relax

[Terminal Boardom]

Sir John has no qualms about Reading FC takeover deal
By Jonny Fordham
March 28, 2012

Sir John Madejski has revealed the deal to sell his majority stake in Reading is unlikely to be finalised before the end of the month.

However, Sir John has assured anxious Royals fans that although Anton Zingarevich’s buyout may miss the original March 31 deadline, there is no prospect of it falling through.

Sir John agreed to sell 51 per cent of the club for £25million in January, but with Royals since making a charge up the table, that price looks like being an absolute bargain.

Zingarevich and his partner Chris Samuelson of TSI are due to step up to the board when the deal is completed and Sir John will remain as chairman until at least 2014.

Sir John told the Reading Post: “The process is progressing very well and all due diligence is almost completed, which means the majority of the paperwork is finalised. With a transaction of this importance there’s always an incredible amount to do.

“March 31 was always a guideline and everything will be done in due course. It’s progressing very well.”

Zingarevich and his Thames Sports Investment company have already ploughed cash into the club.

Manager Brian McDermott has been tied down to a three-and-a-half year contract to fend off interest from Premier League clubs and his assistant manager Nigel Gibbs is also on a similar deal.

The Russian’s company also financed the January singings of Jason Roberts from Blackburn Rovers and Tomasz Cywka from Derby, as well as Matthew Connolly from Queens Park Rangers and later Benik Afobe’s loan move from Arsenal.

Although the delay in the takeover has worried some fans, Gibbs claims it will have no effect on the players or coaching staff.

He said: “All we’re doing is focusing on the football. The transfer window is shut so we can’t bring players in and players can’t leave. It won’t affect anyone here.”

End of thread - until the announcement that the buyout has gone through!

[Uke]

Until the paper is signed everything either way is speculation

However, the failure of the Everton purchase (for whatever reason) is a fact

Past performance is not necessarily a guide to future performance too

[Dare to Dr£am]

Until the paper is signed everything either way is speculation

However, the failure of the Everton purchase (for whatever reason) is a fact

Past performance is not necessarily a guide to future performance too

Samuelson is only the finacial management blokie though. The deal with Everton was headed by Anton's father, not Anton. Unless Boris is also a backer, which I very much doubt he is, then what happened with Everton is irrevilent.