Confimred new owners of Raeding Footbal Club

[Hoop Blah]

Someone more neutral perhaps

Very true, and obviously Samuelson's interviews and media briefings at the moment are with an agenda of someone who's possibly involved in one of the bids positioning to takeover.

[loyalroyaldaz]

Just wondering if STAR have asked any questions over all this?

[bigmike]

Just wondering if STAR have asked any questions over all this?

You can ask the question but they will never tell you because its Top Secret

[Norfolk Royal]

Just wondering if STAR have asked any questions over all this?

They have, but it was a behind closed doors meeting.

[North Somerset Royal]

http://www.getreading.co.uk/incoming/no-risk-immediate-fire-sale-7239138?

So most of what CS said was BS - we're stable and SJM is still in control

I don't think what he was saying was BS (although I've not listened to it yet) but more that he was saying the sale of the club is being managed by BTG. Previously it was being managed by Samuelson wasn't it? So his removal from the board meant they had to bring someone else in to run that sale.

I don't think any of it is bullshit as such, it's just neither party are talking about exactly the same thing and so give a slightly different view of what's happened.

Going by Charles Watts tweet wouldn't say that SJM is still in control

. @charles_watts: Get the distinct impression that although BTG don't have the final say in any sale, Vibrac will have a huge say in it #readingfc

[Royal Lady]

So £1.6m interest payment. That still leaves £14.4m PP to pay the £10.5m loan

But then you only have a couple of million left and still have to pay all the staff etc, so you'd need to borrow against the next couple of PPs and you're back to square one shirley?

Parachute payments are in addition to all your other income, not instead of it. We therefore have all the gate money, sponsorship, TV money, merchandise sales etc etc etc as we would any other season.

Yes and we were still in debt, so unless we get rid of Pog, Drenthe etc we still won't have enough money and will still be debt, as we seem to be every year when we cut our cloth .

[Pepe the Horseman]

@charles_watts 2m
I'm told that Mohit Burman has pulled out of talks to buy #ReadingFC

Boooooooo!

[Norfolk Royal]

@charles_watts 2m
I'm told that Mohit Burman has pulled out of talks to buy #ReadingFC

Boooooooo!

Oh dear.

[JoeyJoeJoeJnrShabadoo]

As above

[Uke]

Is there a chance we were mis-sold PPI?

We were mis-sold full stop.

The club have released a statement - "No Comma"

[ZacNaloen]

What a surprise, shady lenders VIBRAC have links to Shady business who's business is to hide Shadyness MTI who apparently now want Equity

[Reading4eva]

I'm getting rather fed up with this. I just want the World Cup to start so it can take my mind off this mess of a football club. Then hopefully in July when interest peaks again it'll all be sorted.

The architects of this mess will never be forgiven

[madstadblues]

So what happens Vibrac are paid off via PP - do they relinquish the charge over the club ?

[North Somerset Royal]

. @charles_watts: Vibrac making things very difficult, close links to MTI who they arranged the loan with. Burman won't deal with them #readingfc

[Reading4eva]

We are in an absolute mess therefore. I think we are heading the way of administration. Just get ready for it people

Get a grip.

99% of football clubs are in debt. We have several offers from mega rich people.

Those Mega Rich people will soon do a disappearing act if this mess continues. And it is a mess, nothing less than that. I want to see Reading FC prosper, not fall apart, but I cant imagine anything but at the moment

[Reading4eva]

. @charles_watts: Vibrac making things very difficult, close links to MTI who they arranged the loan with. Burman won't deal with them #readingfc

So Samuelson is still in control. Oh I hate that man

[Royal Lady]

FFS - this is getting worse. MTI in cahoots with VIBRAC??

[Uke]

So what happens Vibrac are paid off via PP - do they relinquish the charge over the club ?

Looks like they are slowly taking over the leagues?

Vibrac Corporation is a company incorporated in the British Virgin Islands. Vibrac have made national newspaper headlines in the United Kingdom for providing multi-million pound financial arrangements with Premier League football clubs. Vibrac typically provide Premier League football clubs with a cash advance on guaranteed broadcasting fees. As the company are incorporated in the British Virgin Islands t is impossible to determine who the lender is. Although the loans have been approved by the Premier League company.

Everton
In August 2011, Vibrac provided Everton F.C. with a loan secured against guaranteed broadcasting fees due in the following two seasons. Everton renewed the arrangement with Vibrac in 2012 and 2013.

Fulham
In April 2013, a facility was provided to Fulham F.C. to enable the club to borrow against future guaranteed income.[2] The facility was settled when Shahid Khan purchased Fulham in August 2013.

Southampton
In April 2012, a debenture facility was provided to Southampton.

West Ham United
In September 2013, a facility was provided to West Ham United.

http://en.wikipedia.org/wiki/Vibrac_Corporation

[Uke]

So what happens Vibrac are paid off via PP - do they relinquish the charge over the club ?

Looks like they are slowly taking over the leagues?

Vibrac Corporation is a company incorporated in the British Virgin Islands. Vibrac have made national newspaper headlines in the United Kingdom for providing multi-million pound financial arrangements with Premier League football clubs. Vibrac typically provide Premier League football clubs with a cash advance on guaranteed broadcasting fees. As the company are incorporated in the British Virgin Islands t is impossible to determine who the lender is. Although the loans have been approved by the Premier League company.

Everton
In August 2011, Vibrac provided Everton F.C. with a loan secured against guaranteed broadcasting fees due in the following two seasons. Everton renewed the arrangement with Vibrac in 2012 and 2013.

Fulham
In April 2013, a facility was provided to Fulham F.C. to enable the club to borrow against future guaranteed income.[2] The facility was settled when Shahid Khan purchased Fulham in August 2013.

Southampton
In April 2012, a debenture facility was provided to Southampton.

West Ham United
In September 2013, a facility was provided to West Ham United.

http://en.wikipedia.org/wiki/Vibrac_Corporation

Are we sure the loan is with Vibrac anyway? Perhaps its with another company? Is there a link that says our loan is with them and not another dodgy company run by CS?

[Reading4eva]

So what happens Vibrac are paid off via PP - do they relinquish the charge over the club ?

Looks like they are slowly taking over the leagues?

Vibrac Corporation is a company incorporated in the British Virgin Islands. Vibrac have made national newspaper headlines in the United Kingdom for providing multi-million pound financial arrangements with Premier League football clubs. Vibrac typically provide Premier League football clubs with a cash advance on guaranteed broadcasting fees. As the company are incorporated in the British Virgin Islands t is impossible to determine who the lender is. Although the loans have been approved by the Premier League company.

Everton
In August 2011, Vibrac provided Everton F.C. with a loan secured against guaranteed broadcasting fees due in the following two seasons. Everton renewed the arrangement with Vibrac in 2012 and 2013.

Fulham
In April 2013, a facility was provided to Fulham F.C. to enable the club to borrow against future guaranteed income.[2] The facility was settled when Shahid Khan purchased Fulham in August 2013.

Southampton
In April 2012, a debenture facility was provided to Southampton.

West Ham United
In September 2013, a facility was provided to West Ham United.

http://en.wikipedia.org/wiki/Vibrac_Corporation

Are we sure the loan is with Vibrac anyway? Perhaps its with another company? Is there a link that says our loan is with them and not another dodgy company run by CS?

But without doubt they will sell assets till they get there money back. And the biggest asset of all we have is the stadium. These people won't think twice. They don't support the club, they are just there to get their money back.