New embargo incoming

[Greatwesternline]

The autumn non paymemt of wages was down to difficulties getting money out of Hong Kong and just delayed over the weekend. Nothing like Wigan so max we will get is something suspended.

Is there anything on record with the EFL re Dai keeping money in a wages account?

The football finance guy Kieran Maguire said that every time someone uses the excuse of 'difficulties in transferring money' it's complete bullshit. The international banking system doesn't ever close.

Yep. What they really mean is liquidity difficulties. I.e. the person sending the money didnt have the money to hand in time for whatever reason.

[leon]

The autumn non paymemt of wages was down to difficulties getting money out of Hong Kong and just delayed over the weekend. Nothing like Wigan so max we will get is something suspended.

Is there anything on record with the EFL re Dai keeping money in a wages account?

The football finance guy Kieran Maguire said that every time someone uses the excuse of 'difficulties in transferring money' it's complete bullshit. The international banking system doesn't ever close.

Yep. What they really mean is liquidity difficulties. I.e. the person sending the money didnt have the money to hand in time for whatever reason.

Exactly.

[elrey]

Surely there must be some Championship clubs they can pick on?

I trust the Football League a million times more than our owners.....

[RoyalBlue]

The autumn non paymemt of wages was down to difficulties getting money out of Hong Kong and just delayed over the weekend. Nothing like Wigan so max we will get is something suspended.

Is there anything on record with the EFL re Dai keeping money in a wages account?

The football finance guy Kieran Maguire said that every time someone uses the excuse of 'difficulties in transferring money' it's complete bullshit. The international banking system doesn't ever close.

Yep. What they really mean is liquidity difficulties. I.e. the person sending the money didnt have the money to hand in time for whatever reason.

The money is presumably coming from China so could it be that the Chinese authorities are making it difficult for him and his bankers to move money? Either way it is unacceptable and is killing our club.

[RoyalBlue]

Surely there must be some Championship clubs they can pick on?

I trust the Football League a million times more than our owners.....

A million times zero =?

Both culpable in my view.

[Hound]

Great. Shambolic from Dai

[RoyalBlue]

The EFL have themselves to blame for letting the clown buy us out.

I never understand this. Fans' would have gone made had the EFL blocked a buyout.

Also the EFL conduct checks and on paper he probably is fit and proper. He would have had a business case, proof of funds, proof of their provenance and credible references.

The EFL can only do so much.

The club are to blame - I don't know how else to label it but we need to stop deflecting to other people.

But at the time the EFL expressed reservations and approval was only granted on the basis that their would be increased scrutiny on an ongoing basis by the EFL. That increased scrutiny seems to have failed since they allowed the overspending to take place.

While welcoming the takeover, the EFL stressed it would continue to monitor the financial aspect of the deal.

"The EFL can confirm that they have no objections to the change of control application made by Reading Football Club," a statement issued on Wednesday morning read.

"Following a full review of the transaction, the EFL has insisted upon - and the club/new owners have agreed to - a number of additional reporting requirements including enhanced financial monitoring."

[NathStPaul]

There seems to be a lot of hate for Dai this afternoon. A fanbase united.

[tidus_mi2]

There seems to be a lot of hate for Dai this afternoon. A fanbase united.

I think it would be hard to defend him at this point and I believe he got credit given to him because he has spent a lot of money on the club and not just on transfers/wages.

But it's all boiling over now, the poor spending of money that has left us in this mess, the absolute radio silence, the mediocre statement yesterday just looks like a complete farce.

[NathStPaul]

There seems to be a lot of hate for Dai this afternoon. A fanbase united.

I think it would be hard to defend him at this point and I believe he got credit given to him because he has spent a lot of money on the club and not just on transfers/wages.

But it's all boiling over now, the poor spending of money that has left us in this mess, the absolute radio silence, the mediocre statement yesterday just looks like a complete farce.

Where are you on the bed wet scale currently? I am at DAMP.

[tidus_mi2]

There seems to be a lot of hate for Dai this afternoon. A fanbase united.

I think it would be hard to defend him at this point and I believe he got credit given to him because he has spent a lot of money on the club and not just on transfers/wages.

But it's all boiling over now, the poor spending of money that has left us in this mess, the absolute radio silence, the mediocre statement yesterday just looks like a complete farce.

Where are you on the bed wet scale currently? I am at DAMP.

I'm not quite there yet, crossing my legs and hoping to hold it in.

[Pepe the Horseman]

There seems to be a lot of hate for Dai this afternoon. A fanbase united.

He's doing his best, alright?!

[Hound]

Why are we being charged with not paying wages getting on for a year ago out of interest. Surely that could have been done at the time

If we do get some cumulative penalty that would be very harsh

[windermereROYAL]

Social media imploding with Dai out calls, don`t we all know what would happen if he just walked away?
Suddenly the unthinkable isn`t so unthinkable anymore.

[windermereROYAL]

Why are we being charged with not paying wages getting on for a year ago out of interest. Surely that could have been done at the time

If we do get some cumulative penalty that would be very harsh

That crossed my mind too Wigan got hammered last season for it, why didn`t we?

[Wycombe Royal]

Why are we being charged with not paying wages getting on for a year ago out of interest. Surely that could have been done at the time

If we do get some cumulative penalty that would be very harsh

I agree, and it was even reported in the media at the time they happened.

Yes they shouldn't have happened and they were put down to administrative errors, but I would hope they only penalty is similar to what was asked of Wigan previously that they deposit the funds for the wages into a secure account so that if they are late again that money ca be used to cover the wages. Wigan's point deduction were because they failed to deposit the money and continued paying the wages late.

[Mid Sussex Royal]

Why are we being charged with not paying wages getting on for a year ago out of interest. Surely that could have been done at the time

If we do get some cumulative penalty that would be very harsh

That crossed my mind too Wigan got hammered last season for it, why didn`t we?

Wigan were originally late paying wages for three months which invoked a suspended penalty...they have subsequently continued to be late which triggered points deductions.

The 2 autumn late payments were over the weekend situations and hardly the same situation as Wigan, this was reported somewhere at the time. In slight defence of Dai as someone who worked finance it can be difficult on occasions to get money quickly out of places like China.

[Needle]

Dai (rightly) catching the flak but please don't forget that Gourlay's sticky fingerprints are all over this mess.

I'm not usually inclined to violence but I should I ever find myself in the same room as that pcunt...

[Norfolk Royal]

Why are we being charged with not paying wages getting on for a year ago out of interest. Surely that could have been done at the time

If we do get some cumulative penalty that would be very harsh

I agree, and it was even reported in the media at the time they happened.

Yes they shouldn't have happened and they were put down to administrative errors, but I would hope they only penalty is similar to what was asked of Wigan previously that they deposit the funds for the wages into a secure account so that if they are late again that money ca be used to cover the wages. Wigan's point deduction were because they failed to deposit the money and continued paying the wages late.

Could be that is why the £6-million money was deposited into the club's account this week.

[RG30]

Dai (rightly) catching the flak but please don't forget that Gourlay's sticky fingerprints are all over this mess

This has absolutely nothing to do with Gourlay