OFFISHAL CONFRIMATION of the CONFIMRED

[Snowflake Royal]

After all these years isn`t it time to spell confirmed the way it`s meant to be spelt instead of acting like a load of little dyslexic kids?
I like to think most of us are grown up adults on here.

Why the hell would you think that?

Why not? are we all kids?

Most of us can enjoy a bit of lightheartedness. It's a meme, its going nowhere, so you probably need to get over it.

[Snowflake Royal]

Only watched a couple of minutes of the interview, but I love his couldn’t give a oxf*rd attitude

[Royal Rother]

Christ, what a clusterfuck of an interview.

That was great.

Natural and beautifully unstaged.

[Reading4eva]

Christ, what a clusterfuck of an interview.

I disagree, it's the human element in this which is heartwarming. It's genuine rather than the bullish!t pumped out by Howe, Pang, Dai and O'Dell

[andrew1957]

Thought RC looked pretty exhausted. I admire his persistence in finally getting the deal over the line. Dealing with Dai must have been like grappling a slippery eel. And although the interview was a mess, he said more to the fans in 5 minutes than we heard from Dai in 7 years,

But one has to say that despite his awful handling of the club, Dai has left us with a good basic infrastructure and it just needs a steady hand to guide the club back to a stable path now. RC did that at Wycombe and will hopefully do so again.

Now for the summer player rebuild.

[bcubed]

Christ, what a clusterfuck of an interview.

I disagree, it's the human element in this which is heartwarming. It's genuine rather than the bullish!t pumped out by Howe, Pang, Dai and O'Dell

I agree

With both

It was messy but it sounded genuine. And heartfelt

[Armadillo Roadkill]

I like him.

[rfc8]

Good to see takeover completed.

[Elm Park Kid]

Thought RC looked pretty exhausted. I admire his persistence in finally getting the deal over the line. Dealing with Dai must have been like grappling a slippery eel. And although the interview was a mess, he said more to the fans in 5 minutes than we heard from Dai in 7 years,

But one has to say that despite his awful handling of the club, Dai has left us with a good basic infrastructure and it just needs a steady hand to guide the club back to a stable path now. RC did that at Wycombe and will hopefully do so again.

Now for the summer player rebuild.

Dai has left us with an expensive infrastructure that simply isn't supported by the revenue that a club like us can generate. Couhig will do his best to get more money rolling in, but ultimately he took over the club to dismantle a lot of stuff that isn't paying its way.

[MartinRdg]

Thought RC looked pretty exhausted. I admire his persistence in finally getting the deal over the line. Dealing with Dai must have been like grappling a slippery eel. And although the interview was a mess, he said more to the fans in 5 minutes than we heard from Dai in 7 years,

But one has to say that despite his awful handling of the club, Dai has left us with a good basic infrastructure and it just needs a steady hand to guide the club back to a stable path now. RC did that at Wycombe and will hopefully do so again.

Now for the summer player rebuild.

Dai has left us with an expensive infrastructure that simply isn't supported by the revenue that a club like us can generate. Couhig will do his best to get more money rolling in, but ultimately he took over the club to dismantle a lot of stuff that isn't paying its way.

And the training ground (with eye-watering business rates) is surely one of those which needs sorting in some way.

[Linden Jones' Tash]

Thought RC looked pretty exhausted. I admire his persistence in finally getting the deal over the line. Dealing with Dai must have been like grappling a slippery eel. And although the interview was a mess, he said more to the fans in 5 minutes than we heard from Dai in 7 years,

But one has to say that despite his awful handling of the club, Dai has left us with a good basic infrastructure and it just needs a steady hand to guide the club back to a stable path now. RC did that at Wycombe and will hopefully do so again.

Now for the summer player rebuild.

Dai has left us with an expensive infrastructure that simply isn't supported by the revenue that a club like us can generate. Couhig will do his best to get more money rolling in, but ultimately he took over the club to dismantle a lot of stuff that isn't paying its way.

This is a really important point

I'd urge ppl to reserve judgment before diving all in - that will lead to inevitable disappointment.

The new owners are not sugar daddies with more money than sense....

They are US businessmen who have bought a distressed asset for a lot less than it would otherwise be worth....

In that interview he explicitly states that: "The club should generate the income that it spends"....

Given the current rate of cash burn, how does that happen?

L1 is expensive and Reading's footprint means that it's not sustainable so what happens?

I am not sure I have yet heard a viable strategy for how he will achieve this yet - I know it is early days - but time is of the essence...

[Mr Angry]

My takeaway from the interview is that we, as fans, have to expect that changes are going to be made, and not all of them are going to be popular.

The Chairman stated explicitly that the club will have to generate the revenue to fund itself, so that will mean in the first instance costs will need to be cut.

I think the training ground will be seen as an asset to be sweated for revenue generation purposes, whilst the Academy is likely to be cut. I wouldn't expect funding of the women's team anytime soon either.

I think that what we will get is a more sustainable football club, living within its means and paying its bills (wages/taxes) on time; that has to be 100% better than what we had before.

[Snowflake Royal]

Thought RC looked pretty exhausted. I admire his persistence in finally getting the deal over the line. Dealing with Dai must have been like grappling a slippery eel. And although the interview was a mess, he said more to the fans in 5 minutes than we heard from Dai in 7 years,

But one has to say that despite his awful handling of the club, Dai has left us with a good basic infrastructure and it just needs a steady hand to guide the club back to a stable path now. RC did that at Wycombe and will hopefully do so again.

Now for the summer player rebuild.

Dai has left us with an expensive infrastructure that simply isn't supported by the revenue that a club like us can generate. Couhig will do his best to get more money rolling in, but ultimately he took over the club to dismantle a lot of stuff that isn't paying its way.

This is a really important point

I'd urge ppl to reserve judgment before diving all in - that will lead to inevitable disappointment.

The new owners are not sugar daddies with more money than sense....

They are US businessmen who have bought a distressed asset for a lot less than it would otherwise be worth....

In that interview he explicitly states that: "The club should generate the income that it spends"....

Given the current rate of cash burn, how does that happen?

L1 is expensive and Reading's footprint means that it's not sustainable so what happens?

I am not sure I have yet heard a viable strategy for how he will achieve this yet - I know it is early days - but time is of the essence...

It's all going to depend how quickly we can get promoted.

Short term - 1/2 seasons
We can probably hold onto Bearwood and the Academy by upping income a bit and lowering costs a bit. Things like adding 2k to the attendance through renewed optimism even with just a top half season is possible. Plus a bit of merchandising and sponsorship/corporate stuff. Maybe some training ground or event money. And the odd player sale. At the saw time cut the wage bill a bit, contracts over for Button, Bouzanis, Ejaria, Yiadom. L1 Academy players will cost less than Champ Academy players so trim a little there too.

We lost £12m in 23/24
Hopefully a few mil at least less in 24/25
So hopefully we can be down to £6m - £8m loss next season.

If we get to the Championship in that time Bearwood and the Academy become more affordable.

If not, we're going to need to start cutting them. Which is the next round of cost savings to help make us long term sustainable in L1. And those cuts will make a huge difference to our sustainability at this level, if not our prospects for Championship football. But we'd still be better placed to compete in the Champ than we were in the late 90s.

[rfc8]

Stadium site, think they have everything except hotel, wonder if they might try and get freehold, otherwise could hamper any development ideas around the stadium, or stadium expansion sometime in the future, previous plans though avoided hotel footprint

edit, think deal excludes car parks etc, stadium is just stadium and not environs

[parky]

Couhig and Trosclair are now listed as a directors with Companies house.
Alec Lundberg who has updated his LinkedIn to say he is now an owner and director of Reading Football Club is also a director of Redwood and is now a director also.

[Elm Park Kid]

Dai and Pang officially out the door.

[MartinRdg]

Dai and Pang officially out the door.

Although Pang is still listed as an active director on Companies House

[Elm Park Kid]

Dai and Pang officially out the door.

Although Pang is still listed as an active director on Companies House

Updated 10 mins ago to show he's resigned.

[MartinRdg]

Dai and Pang officially out the door.

Although Pang is still listed as an active director on Companies House

Updated 10 mins ago to show he's resigned.

[Hendo]

Classy touch with the e-mail to all ST holders.