by FiNeRaIn » 25 Jan 2012 10:21
by Agent Balti » 25 Jan 2012 10:24
by PlasticRoyale » 25 Jan 2012 10:30
by philM » 25 Jan 2012 10:30
UkePlatypuss Successful, but not successful enough to get promoted to the Prem? Tough criteria, Uke!
It's hard to think of any foreign owned clubs with "rich owners" doing well and surviving outside the Prem though
Care to name any?
by exileinleeds » 25 Jan 2012 10:30
Agent Balti Any mention of exactly who will own the stadium/hotel etc? Is it job lot, or just RFC? Not seen it mentioned in the above, but have skimmed the last few pages and not seen it mentioned.
by melonhead » 25 Jan 2012 10:33
Friday's LegacyMan Friday So, all those years that Madejski "invested" in the club turned out to be loans. Anybody can loan money. I'd have more respect had he invested as he implied he was doing. Could it be that the reason he struggled to sell before was that no one was prepared to repay his loans? Very, very disappointing. Typical false messiah stuff I guess.
a little harsh but i tend to agree. the black holes of recent years i believe are a mix of the clubs losses, due to a competitive wage bill, but also to partly repay john madejski, thus reducing the loans outstanding to him (debt) and making us more appealing to a potential buyer.
or not.
by melonhead » 25 Jan 2012 10:41
Red1871 Royal Very pleased with things after watching the press conference. When he mentioned European football, my heart skipped a little bit. In my 12 years of supporting this club I would never have thought something like this would happen.
In reality isn't European football (outside the champions league) just drab ties against Eastern European opposition in half empty stadia?
Say Reading did a Fulham, and perhaps reach a UEFA cup (or whatever it's called these days) final, even then there's a lot of dull rubbers to get through on rainy Thursday evenings.
by 1871 Royal » 25 Jan 2012 10:46
melonheadRed1871 Royal Very pleased with things after watching the press conference. When he mentioned European football, my heart skipped a little bit. In my 12 years of supporting this club I would never have thought something like this would happen.
In reality isn't European football (outside the champions league) just drab ties against Eastern European opposition in half empty stadia?
Say Reading did a Fulham, and perhaps reach a UEFA cup (or whatever it's called these days) final, even then there's a lot of dull rubbers to get through on rainy Thursday evenings.
i can see why villa fans, and liverpool fans are all sniffy about the uefa cup, but not us.
but id be going to every fecking away game i could get to if we ever got there
by Terminal Boardom » 25 Jan 2012 10:47
exileinleedsUke I don't disagree with you though, this could well be good for the club
Rich benefactors (whatever nationality) don't seem to work these days. In fact SJM is perhaps one of the few that did
The new group is not like SJM - they are a faceless consortium (TSI) which can go broke just like any other limited Company - we only know two people who work for this "group".
It is better he sold now and managed the transition, but as Baines also pointed out about 50 pages back, he may have been under pressure to sell from his interests outside the club.
I'm just more concerned about the greeting of the new Messiah. I'm happy to welcome him, but won't hail him as such yet.
He may just be a very naughty boy, given the track records of other Messiahs
TSI may be a "faceless consortium" to us, but I am guessing they are not to SJM.
It was suggested early that a DM scoop prompted the outing of this deal ahead of their intended release date- that is plausable. It is unlike SJM to conduct business in public, however it is great to know of the HoA. It also apparently has convinced JK to commit- and who knows who else it might be being dangled in front of....
For those unaware of the term, it is a statement of agreement of the deal they want. It will contain details of funds, responsibilities, expectations- and evidence based. I cannot imagine SJM signing on a promise that funds will appear.
He will also be around (as will everyone else) to oversee what happens. He is not known for taking excessive risks, and I can see no way he would be talking to people who think it a good idea to mortgage/sell the ground to have a pop at CL football. Nor can I see Nicky Hammond suddenly spending £5m on an unknown son of a arms dealer, who never seems to make the bench.
For the record, many on here seem to confuse "Due Diligence" with some sort of "fit and proper" test. It isn't. Due Diligence is a task undertaken by lawyers and accountants that is essentially going through all the books and contracts and ensuring that things are as they have been presented.
SJM will have valued the club based on the assets and liabilities- an army of pen pushers will be checking that these are accurate, making sure they are aware of add-on clauses, on-going payments due on previous transfers....that the photocopiers are owned and not leased. Both sides will be making sure that there are no nasty surprises.
by mr_number » 25 Jan 2012 10:47
by Silver Fox » 25 Jan 2012 10:51
by ZacNaloen » 25 Jan 2012 10:51
by roadrunner » 25 Jan 2012 10:53
FiNeRaIn Who saw Wayne Bridge earlier again and where was it? Could have sworn I just saw someone who looked like him.
by melonhead » 25 Jan 2012 10:53
Friday's LegacyIan RoyalFriday's Legacy
I thought we still finished high enough to apply for one of them but didn't bother.
perhaps, i don't recall it though but my memory is terrible. it would have meant a horrendous pre-season regime though, then the long hard season with little summers rest. not the best prep for what we expected was a tough season.
by Terminal Boardom » 25 Jan 2012 10:54
by muddyfeet » 25 Jan 2012 10:54
Silver Fox I can't for a second see what's wrong with jollies to Bratislava and Helsinki*!
*apart from trying to get it past the missus of course!
by Vision » 25 Jan 2012 11:00
ZacNaloen My opinion of Dirks post on Tilehurst end, talk about rewriting history?
Madejski financed this club with a mixture of wages and infrastructure and purchasing power to get us promoted. And this is exactly how these guys claim they are intending to finance the club. When they say they won't break the wage structure and the ethos will remain the same, whilst investing in the academy stadium etc that is exactly what they mean.
And this is exactly what John Madejski did, but for a much smaller club that grew under his tenure.
by Bandini » 25 Jan 2012 11:01
by mr_number » 25 Jan 2012 11:02
by Vision » 25 Jan 2012 11:03
Bandini ^ a calculated gamble, but with lower stakes.