Reading and Admin

[andy1980]

He's a Stockport fan...

ah maybe not then.

 

[CheeseRolls]

There's something strange about this. Apparently the prospective owner has agreed to buy the club for 35 million pounds. Yet the previous owner announced in the past few weeks that it was up for sale for 1 pound.

The new owner has paid one pound for the club, but taken on all the existing debts. I guess if he writes these off Reading will be laughing, but if he charges 10% interest on his loans they may be crying.

 

[Green Cross Code Man]

The new owner has paid one pound for the club, but taken on all the existing debts. I guess if he writes these off Reading will be laughing, but if he charges 10% interest on his loans they may be crying.

Ah, that makes sense. Pompey anyone?

 

[CheeseRolls]

Ah, that makes sense. Pompey anyone?

I should leave this bit to the accountants really, but I thought I heard their debts were £21million. If he paid £35m it could be some capital for investment, either in players or tarting up the hotel attached to the stadium.

 

[readingstockport]

He's a Stockport fan...

Sort of, I had a slight falling out with certain people up at Stockport when they went into admin all those years ago so I'm not really that welcome there any more.

TBH the results I tend to look out for now are Wimbledon, BHA and Reading - essentially in that order.

 

[atfc village]

Ah, that makes sense. Pompey anyone?

I hope so.

 

[sparkie]

Looks like a Thai multi billionaire has bought Reading. Deal brokered by the same chap that brokered the Man City buyout.

Yet to be confirmed 100% but seems likely.

Rumours starting to surface that this 'billionaire', is actually worth 180 million ?

 

[Gritt23]

Rumours starting to surface that this 'billionaire', is actually worth 180 million ?

Surely not! These foreign owner chaps have all been so reliable previously.

I just hope that we NEVER find ourselves with a Venky, Carson Young, Tan etc etc.