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Welcome Reading , Blackpool & Wigan

Discussion in 'EFL League One' started by NotsoPosh, May 4, 2023.

  1. Adz

    Adz Pizza Champions 2021.

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    I think Reading would likely take anybody as long as they were a better owner than Dai Yongge to be honest.

    Couhig might’ve pissed a lot of people off, but given how he and his family have ran Wycombe I think it would be a good fit, so long as we disregard what he was trying a few month back.
     
  2. Mowgli

    Mowgli Registered User

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    To be honest Rob Couhig isn't that well off that's why he sold Wycombe so he must be negotiating on behalf of somebody else he certainly can't afford to buy Reading on his own.
     
  3. Wycombe Royal

    Wycombe Royal Waskly Wabbit

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    He wasn't trying to buy it for nothing, the deal was £25m, which to be honest is more than may clubs in this division are worth, and this was only for a training ground.

    Also at the time when we protested, he made a cryptic comment about how it will all become clearer in the future when the full story comes out. So this may have been on his radar back then.

    He did a solid job at Wycombe and left them in a better position than when he took over, so I don't have any concerns in that regard.
     
  4. Wycombe Royal

    Wycombe Royal Waskly Wabbit

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    Yes that is the strong rumour - there are two other rich investors and he is running the show. He has been seen around the stadium and training ground numerous times and is apparently already pulling the strings behind the scene.
     
  5. Adz

    Adz Pizza Champions 2021.

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    Yeah, like WR said it’s likely he’s just the face of the investment group looking to buy the club.

    Did he & his family own you outright or did he have a consortium with him to provide the funds?
     
  6. Mowgli

    Mowgli Registered User

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    At first he owned us outright after buying the shares of The Trust but he wasn't allowed to buy Adams Park but at the end of his time at Wycombe he was having to borrow money from our current owner.
     
  7. Sh*tOnCobblers.

    Sh*tOnCobblers. Registered User

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    All smells a bit fishy to me. Lets hope Reading do their due diligence a little bit better than they did with the current incumbent. I wonder why the secrecy regarding the other two parties.
    They offered 22m on a facility that was valued at 50m in 2019 and was "coincidentally" just enough to clear short-term debts to prevent insolvency, whilst at the same time it would have devalued a club that were desperate to be seen as a attractive sale.

    The proverbial 'nothing' offered was met with huge criticism for its ethics and Wycombe eventually pulled out under the guise of "planning issues" which everyone knows would have taken less than 20k and two months to change. Fairplay to them for eventually withdrawing but at the very least it does show questionable ethics from your possible new owners as does the secrecy surrounding the mystery investors.

    I hope all is well in the deal, but I also hope there is an alternative for Reading as nothing could be wore than being owned by another dodgy sort.
     
  8. Sh*tOnCobblers.

    Sh*tOnCobblers. Registered User

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    All smells a bit fishy to me. Lets hope Reading do their due diligence a little bit better than they did with the current incumbent. I wonder why the secrecy regarding the other two parties.


    They offered 22m on a training facility that was valued at 50m in 2019 and was "coincidentally" just enough to clear short-term debts to prevent insolvency, whilst at the same time it would have devalued a club that were desperate to be seen as a attractive sale. It is not so 'cryptic' now that they were trying to force this sale through to devalue the club so it could be bought more cheaply. Some would say clever, most would not.

    This proverbial 'nothing' offered was met with huge criticism for its ethics and Wycombe eventually pulled out under the guise of "planning issues" which everyone knows would have taken less than 20k and two months to change. Fairplay to them for eventually withdrawing but at the very least it does show questionable ethics from your possible new owners and most would class it as a "Tory apology" considring they only withdrew after they "got caught".

    I hope all is well in the deal, but I also hope there is an alternative for Reading as nothing could be worse than being owned by another dodgy sort.
     
  9. Wycombe Royal

    Wycombe Royal Waskly Wabbit

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    It was paper value, also with the cash position we were in we weren't in a position to negotiate. You also need to remember we are talking about the dealings of Dai Youngge. Noting he does is logical.
     
  10. Wycombe Royal

    Wycombe Royal Waskly Wabbit

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    You know nothing of the local politics surrounding the training ground, whereas I lived under a half a mile away from it and know the full details. The council leader made it pretty clear that it would be extremely unlikely that they would let the facility be used by someone from outside the borough when that was one of the major restrictions put in place when planning was approved in the first place.
     
  11. Sh*tOnCobblers.

    Sh*tOnCobblers. Registered User

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    I work 5 minutes away from the ground and have done for years and know a vast amount about the local politics. Of course the politically correct thing for council to say was that they would be exercising the "planning" stipulations as they knew that the deal was a terrible one for the long term future of Reading FC. They also new that it was extremely easy to challenge. if the buyer really wanted to.

    The planning issues really was never "the" issue and only the genuinely gullible ever thought it was.
     
  12. Sh*tOnCobblers.

    Sh*tOnCobblers. Registered User

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    I bet you are marketers dream such is your sweet gullibility.

    It is as simple as your boss knew he was going to buy Reading with his mates and was trying to get Reading FC asset stripped of a 50m stadium so that he could do so very cheaply and he was using Wycombe's money to do so whilst at the same time making your club ethical pariahs.

    Luckily it never happened, but blimey it was as dodgy as f*ck.:whistle
     
  13. Wycombe Royal

    Wycombe Royal Waskly Wabbit

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    You believe what you want to believe. So you work 5 minutes away from the ground, which is a different council area to the training ground, and run by a different political party.

    It's quite comical how you seem to know everything about every club.

    Anyway, it is now being reported that Joe Jacobson will the be the CEO which does cause me some concern as he has only just retired and doesn't have any experience in this type of role.....but we all have to start somewhere.....
     
  14. Sh*tOnCobblers.

    Sh*tOnCobblers. Registered User

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    In the modern technological era some might suggest that news can transcend 5 minutes of geographical distance very easily?

    As for it being comical that I know this...not really as it is public knowledge that your old boss tried to buy Readings training ground for Wycombe for just 22 million when it was valued at 50 million in 2019. It is also public knowledge that he is now leading a consortium to try and buy Reading.

    Unless that is just a 'huge coincidence' most people are going to assume that he was trying to devalue Reading so his consortium could buy them for cheaper.

    Either way. I am not too bothered, but as a football fan I hope that Reading are not jumping into bed with another partner who is going to disappear as soon as they have been proverbially humped.
     
    #174 Sh*tOnCobblers., Jul 14, 2024 at 7:35 AM
    Last edited: Jul 14, 2024 at 7:43 AM

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