Reading FC ltd company announcement

[Royals and Racers]

I today received notification of an announcement to the city.
Return of allotment of shares
capital changed
was 9,550,000.00
now 24,592,980.00

is this anything A new B important ??

[winchester_royal]

All it'll be is the club issuing new shares to the current owners, who will pay a certain amount of money for these shares, in order to raise some cash. Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

[Green]

Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

Your reading is different to mine. Isn't this more to do with diluting other shareholders?

[winchester_royal]

Interesting (and probably quite promising) that they've chosen to pump funds in this way rather than a loan.

Your reading is different to mine. Isn't this more to do with diluting other shareholders?

Well according to the filing they've paid 52.5p per share for over 30m shares, so that's a very expensive way to dilute another person's shareholding.

I'd also be very surprised if there's nothing in the Articles of Association that stops the dilution of a minority shareholding without some kind of agreement in place.

[Snowflake Royal]

Aren't there only two other shareholders to dilute anyway?

[Royals and Racers]

I received notification that on the 8th December RFC made a " confirmation statement with updates"
anyone know what that means ?

[handbags_harris]

I received notification that on the 8th December RFC made a " confirmation statement with updates"
anyone know what that means ?

In short, they've filed their annual accounts.

[One87One]

Nigel Nowe now removed as a Director.

*cheers*

[Royals and Racers]

Nigel Nowe now removed as a Director.

*cheers*

it refers to
4775000 shares held by Reading football holdings ltd( 4 Tai`s and Bryan Stabler)
44410960 shares held by Renhe sports management ltd(Xiu li and Yongge Dai)

[maffff]

Some interesting stuff going on with the "Reading Football Holding Ltd" right now.

Spotted this last night



Which led me to finding the company pressing litigation against us was HEC Finance 03 Ltd



HEC Finance 03 Ltd are a Hong Kong registered company (0874965 - previously Sun Chung Nam Finance Ltd), Directors are Cindy Miao Ling Liao and So Yuet Tong. Can't see anything interesting about them.

Shares in HEC Finance 03 Ltd are held by Satinu Resources Group Ltd and Enerchina Holdings Ltd (again. trail goes dead).

It relates to this charge (0940 2921 0002) - https://beta.companieshouse.gov.uk/comp ... nidyPQjTaU - from 21 June for $5,000,000, which it appears we have defaulted on.



What's interesting is Nigel Howe resigned from being a Director of the Holding company on 29 November. 2 days after the litigation was filed. He's still on the main club.

Court case was 01 December. Can't see the outcome anywhere.

Tom Nomuk (https://twitter.com/tomnomuk formerly at Reading https://www.readingfc.co.uk/news/2014/j ... -in-india/, now at Villa http://www.newsvoir.com/release/aston-v ... -7140.html) is drawing links to Samuelson and Obolensky (not sure if that's fact or 2+2=5) as being behind this company and them having filed litigation - claimed he was in the UK a fortnight or so back to go to court - he said Reading were given time to pay, but have to pay.



Also, the VIBRAC charge is still outstanding on Companies House against the main club. I'm assuming that should be shown as settled? Don't want Samuelson's grubby mitts anywhere near our club.

[Royals and Racers]

looks as if the football club accounts have just been filed with the city(year end 30th June 2017)
Any accountants out there able to decipher ??

[ImJappy]

looks as if the football club accounts have just been filed with the city(year end 30th June 2017)
Any accountants out there able to decipher ??

Been released on Companies House all on Twitter.........@AndrewWearing has gone through it as far as I can see

[Stranded]

Looks like the club made a profit last year?

[muirinho]

Looks like the club made a profit last year?

Yes, looks like there was a huge increase in matchday revenue - I'm guessing that will drop quite a bit this year!

And a big increase in commercial revenue (sponsorship and the like). If this is Ron Gourlay's doing, then I can see why they brought him in.

[Hound]

BE very interesting to see how much of the increase in turnover was due to the good season - must have made a fair bit from the televising of the 3 play off games, as well as the full house at the Madejski and Wembley

Looked like a much improved year on the surface of things.

Did notice in the notes at the end, the cost of recruitment (15.5m) in the summer wasn't included. Think next years accounts may well end up being pretty ugly

Guessing the make up of that 15.5 went something like:

Dadi 2
Bacuna 2
Aluko 5
Mannone 2
Barrow 2.5
Edwards 1
Clement 1

Assuming Ilori is included in the accounts.

[Vision]

Looks like the club made a profit last year?

Yes, looks like there was a huge increase in matchday revenue - I'm guessing that will drop quite a bit this year!

And a big increase in commercial revenue (sponsorship and the like). If this is Ron Gourlay's doing, then I can see why they brought him in.

Nothing to do with Gourlay as it predates his arrival.

[muirinho]

Looks like the club made a profit last year?

Yes, looks like there was a huge increase in matchday revenue - I'm guessing that will drop quite a bit this year!

And a big increase in commercial revenue (sponsorship and the like). If this is Ron Gourlay's doing, then I can see why they brought him in.

Nothing to do with Gourlay as it predates his arrival.

doh! yes of course.

Guessing the make up of that 15.5 went something like:

Dadi 2
Bacuna 2
Aluko 5
Mannone 2
Barrow 2.5
Edwards 1
Clement 1

Assuming Ilori is included in the accounts.

I'm assuming that 15.5 would also include agent fees? We paid loads of fees in Steve Clarke's time, - I hope they have that a bit mroe under control

[Stranded]

BE very interesting to see how much of the increase in turnover was due to the good season - must have made a fair bit from the televising of the 3 play off games, as well as the full house at the Madejski and Wembley

Looked like a much improved year on the surface of things.

Did notice in the notes at the end, the cost of recruitment (15.5m) in the summer wasn't included. Think next years accounts may well end up being pretty ugly

Guessing the make up of that 15.5 went something like:

Dadi 2
Bacuna 2
Aluko 5
Mannone 2
Barrow 2.5
Edwards 1
Clement 1

Assuming Ilori is included in the accounts.

The 15.5m is transfers upto 30th June 2017 isn't it, so is money we spent on the likes of Moore, Ilori, Popa, Blackett, Harriott etc

Would also include staged payments on earlier transfers too, so could also include costs associated to transfers of Kermorgant, Bond, Rakkels or deals older than those.

[muirinho]

BE very interesting to see how much of the increase in turnover was due to the good season - must have made a fair bit from the televising of the 3 play off games, as well as the full house at the Madejski and Wembley

Looked like a much improved year on the surface of things.

Did notice in the notes at the end, the cost of recruitment (15.5m) in the summer wasn't included. Think next years accounts may well end up being pretty ugly

Guessing the make up of that 15.5 went something like:

Dadi 2
Bacuna 2
Aluko 5
Mannone 2
Barrow 2.5
Edwards 1
Clement 1

Assuming Ilori is included in the accounts.

The 15.5m is transfers upto 30th June 2017 isn't it, so is money we spent on the likes of Moore, Ilori, Popa, Blackett, Harriott etc

Would also include staged payments on earlier transfers too, so could also include costs associated to transfers of Kermorgant, Bond, Rakkels or deals older than those.

It's the other way around - the 15.5mill is money spent since 1/7/2017. But, yes good point that it would include any staged payments for Ilori, Moore, Blackett etc

[Hound]

yes good points.

Looked a little high, especially if we also took off the smallish fees received for Samuel as well