Confimred new owners of Raeding Footbal Club

[under the tin]

not shopping mall then

supercasino, and a few bars/restaurants

Council have already rejected the supercasino plans for next door to the stadium though.

damn you!!!!

There's more ways of making money than purely housing. You obviously make a few quid on the development upon completion, but the ongoing revenues (council tax) goes elsewhere. better to have something that generates revenue in the longer term, whilst still owning the land.
Put it this way, were I looking at maximising the madstad site, I'd put things there that Reading lacks.
A proper Olympic-size, all singing, all dancing, swimming/diving complex, complete with flumes.
Our local council will never be able to afford to replace the Central Pool. They would rip the arm off any developer prepared to take our existing facilities out of the last century. Ditto an Ice rink. Both projects circumnavigate the community use stipulation, and would get planning approved in a heartbeat.
A football club that owned these facilities on top of a hotel would then be an attractive proposition going forward. That's what I'd look at, anyway

[maffff]

Developers = pub.

Hopefully.

[STAR Liaison]

[/quote] I put that to STAR several months ago and was told it was something they were looking at... [/quote]

This isn't my area of expertise but FWIW I'll have a go at replying. We did look at it last autumn and thought a) in our case it wouldn't be very helpful b) it probably does not apply to us in the current (sale of club) circumstances and c) it could prove counter-productive.

This is what Supporters Direct (the parent body for trusts) has to say regarding a):

“The Community Right to Bid is not designed to force landowners wishing to sell to do so to some person or organisation they do not wish to sell to, nor will it force them to sell at an inferior price. There is no restriction on the freedom of landowners to sell to whomever they choose after the six months have expired and there is no right of first refusal for community interest groups. In fact the owner can sell the asset for less than the community bid if they wish, which is one of the weaknesses of the act.” So the nett of that is it gives us (STAR / all supporters) 6 months to raise the value of the stadium - what's that, £20m? - with no guarantee that after the most gargantuan fund-raising effort ever that we'd be able to buy the stadium.

Regarding b) there appears to be an exclusion on even applying this 6 month moratorium if the asset disposals are being made as part of a business sold as a going concern - which is the case with ever on-going sale of RFC.

Regarding c) going through this application process is a fairly public act which prospective purchasers will quickly become aware of. Would this be more or less likely to encourage them to make the purchase of RFC? Would RFC fans generally appreciate STAR chucking what it itself considered a small and ineffective spanner in the works of the immensely complicated sale process at this delicate stage? Given b) and c) we thought we'd keep this issue on the back-burner.

[Elm Park Kid]

Part of me just wants a straight forward British owner who wants to run the club on a breakeven basis. No external investment, no big transfer fees, no high wages.

Ok, so that would probably be the end of our Premier League dreams but at least we could have some respect in the club and it's owners. I'd rather go to games with 18,000 people each week who like the players and believe in the club rather than be part of some billionaires' toy set.

[maffff]

Where does that leave us on getting a pub?

[Ian Royal]

Part of me just wants a straight forward British owner who wants to run the club on a breakeven basis. No external investment, no big transfer fees, no high wages.

Ok, so that would probably be the end of our Premier League dreams but at least we could have some respect in the club and it's owners. I'd rather go to games with 18,000 people each week who like the players and believe in the club rather than be part of some billionaires' toy set.

Like?

[USA_Loyal_Royal]

STATEMENT: Royals to partner with consortium: http://rdng.co/Consortium310714

Chairman Sir John Madejski is delighted to welcome Khunying Sasima Srivikorn to Reading Football Club.

Khunying Sasima is leading a consortium who have agreed a partnership with Sir John to take Reading Football Club forward.

Sir John said, "I am delighted with these developments and would like to officially welcome Khunying Sasima to Reading Football Club.

"The Club were not intending to make any comment until all the formalities have been completed, but for the sake of clarity we believe it is in everyone's interest to release this statement now.

"Upon the completion of all the necessary procedures we will of course update everyone further, and in the meantime I am sure you share my excitement at the possibilities ahead."

Khunying Sasima said, "I am absolutely delighted to be entering into this partnership with Sir John, and working with a club with such a strong reputation.

"I and my fellow investors look forward to supporting Sir John and working toward a successful future together.

"We still have some formalities to complete and plenty of work ahead of us – but we are excited about what lies ahead."

[STAR Liaison]

Where does that leave us on getting a pub?

In a lager-free tent outside the East Stand for the foreseeable.

[Royal Ginger]

Odd that they used the old shirt for the photo op. Probably means that this pic was taken a month or two ago.

[USA_Loyal_Royal]

STATEMENT: Royals to partner with consortium: http://rdng.co/Consortium310714

Chairman Sir John Madejski is delighted to welcome Khunying Sasima Srivikorn to Reading Football Club.

Khunying Sasima is leading a consortium who have agreed a partnership with Sir John to take Reading Football Club forward.

Sir John said, "I am delighted with these developments and would like to officially welcome Khunying Sasima to Reading Football Club.

"The Club were not intending to make any comment until all the formalities have been completed, but for the sake of clarity we believe it is in everyone's interest to release this statement now.

"Upon the completion of all the necessary procedures we will of course update everyone further, and in the meantime I am sure you share my excitement at the possibilities ahead."

Khunying Sasima said, "I am absolutely delighted to be entering into this partnership with Sir John, and working with a club with such a strong reputation.

"I and my fellow investors look forward to supporting Sir John and working toward a successful future together.

"We still have some formalities to complete and plenty of work ahead of us – but we are excited about what lies ahead."

[Gav]

Put it this way, were I looking at maximising the madstad site, I'd put things there that Reading lacks.
A proper Olympic-size, all singing, all dancing, swimming/diving complex, complete with flumes.
Our local council will never be able to afford to replace the Central Pool. They would rip the arm off any developer prepared to take our existing facilities out of the last century. Ditto an Ice rink. Both projects circumnavigate the community use stipulation, and would get planning approved in a heartbeat.
A football club that owned these facilities on top of a hotel would then be an attractive proposition going forward. That's what I'd look at, anyway

Oh, you might as well just rip the cold, barely-thumping heart completely out of Bracknell while you're at it.

[loyalroyal4life]

Odd that they used the old shirt for the photo op. Probably means that this pic was taken a month or two ago.

Good point, not as if it takes much effort to get down to the Megastore and pick up a new one!

[Mr.Swainey]

John Madejski still milling around then.

[Nameless]

Council have already rejected the supercasino plans for next door to the stadium though.

damn you!!!!

There's more ways of making money than purely housing. You obviously make a few quid on the development upon completion, but the ongoing revenues (council tax) goes elsewhere. better to have something that generates revenue in the longer term, whilst still owning the land.
Put it this way, were I looking at maximising the madstad site, I'd put things there that Reading lacks.
A proper Olympic-size, all singing, all dancing, swimming/diving complex, complete with flumes.
Our local council will never be able to afford to replace the Central Pool. They would rip the arm off any developer prepared to take our existing facilities out of the last century. Ditto an Ice rink. Both projects circumnavigate the community use stipulation, and would get planning approved in a heartbeat.
A football club that owned these facilities on top of a hotel would then be an attractive proposition going forward. That's what I'd look at, anyway

A flume on top of a hotel - sounds excellent !

I would agree that major leisure style complex would be a top ption - ice rink, bolwing, cinema, theatre et etc. Make a real 'entertainment quarter'. The whole greyhound stadium site could be roped in as well. Anyone fancy investing ?

[paultheroyal]

Why have one wealthy owner when we can have 5!

Great news, pleased it's done. 4 weeks to late but hopefully Adkins has targets behind the scenes (sharp an obvious one) and we move forward!

[Martin41]

Positive step........saying that you just watch how many people still whine and bitch like spoilt little children!!

[JakeTheRoyal]

Partnership what does that mean, they give all the money SJM takes all the credit ?

[multisync1830]

The Thai's were at the club today.

[No Hoops]

At Fooking last.

[Royal Ginger]

It's not finished. We're not going to be signing anyone yet.