Confimred new owners of Raeding Footbal Club

[St. Brynjar]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

[kwik-silva]

hopefully these 2 shysters may be a minority's when it comes to voting,No wonder JM created 3 new board members

Do the 3 new board members sit on the board where the takeover decision will be made? If so how was SJM able to make board appointments like that?

Sorry to show my ignorance of the club setup.

They sit on the board of RFC Holdings Ltd, not the club board. Therefore I assume they have absolutely nothing to do with voting within the club.

[multisync1830]

hopefully these 2 shysters may be a minority's when it comes to voting,No wonder JM created 3 new board members

Do the 3 new board members sit on the board where the takeover decision will be made? If so how was SJM able to make board appointments like that?

Sorry to show my ignorance of the club setup.

They have been voted onto the board of SJM's company which owns 49% of reading football club. They have nothing to do with the board of the football club or how the majority shareholder (AZ) can vote so they are an irrelevance in that respect

http://companycheck.co.uk/company/03889 ... areholders

. Although they ultimately own the hotel.
http://companycheck.co.uk/company/03634 ... le-summary

[Mr.Swainey]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

Aaaaaand that is where I am out, if true.

[St. Brynjar]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

Aaaaaand that is where I am out, if true.

Sounds like Burman is much more sensible with his cash to be fair. The Reading way if you will.

[Nameless]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

If Burman bought 100% of the club why would there be requirements around rebranding within 5 years ? If he owned the club he could (try) and rebrand straight away. You would think he would have taken note of the problems Hull have had over changing their name....

[St. Brynjar]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

If Burman bought 100% of the club why would there be requirements around rebranding within 5 years ? If he owned the club he could (try) and rebrand straight away. You would think he would have taken note of the problems Hull have had over changing their name....

Again, is probably bullshit but since it's the rumours & gossip forum I thought it worth posting. Maybe Sagi's offer comes with a guarantee not to change the name.

[Nameless]

Never easy to sort the wheat from the chaff !

I could imagine the respective buyers being asked to outline their plans for the club, but if the deal is for a 100% purchase then the buyers have no need to place conditions like these.

If SJM is making things difficult you have to hope it is just a negotiating stance, there is no reason I can see for him to kill every deal over minor things like the name of the stadium.

[winchester_royal]

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

[Nameless]

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

Again, why would it be on the table ?

Birman could not even discuss it then when he has ownership he can do whatever he likes,

Tot be honest it is very hard to see why a wealthy sports wise owner would not want to carry on a youth programme just starting to pay dividends

[blueroyals]

You all assume we have to accept one of the offers. If SJM thinks neither are right for the club then they'll be rejected. The sale of ALF has at least bought us a little time with regards to HMRC. If neither bid is acceptable then we can continue selling players.

Ensuring the long-term future of the club >>>> keeping hold of ALF, etc.

Why the rush?

[From Despair To Where?]

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

To be fair to Samuelson he is the one face of TSI who hasn't buggered off the moment the going got tough.

Branding is a concern ( and Indian owners have previous, The Venkys turned Blackburn into headless chickens overnight) but not as big a concern as no commitment to maintaining Cat1, and to be honest I would question the business acumen if any potential owner who didn't commit to Cat1.

[winchester_royal]

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

Again, why would it be on the table ?

Birman could not even discuss it then when he has ownership he can do whatever he likes,

Tot be honest it is very hard to see why a wealthy sports wise owner would not want to carry on a youth programme just starting to pay dividends

Hence the 'if'.

Though I can believe that IWS has been blabbing. That's how I heard that BR had been sacked a couple of days before it was announced.

[kwik-silva]

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

Again, why would it be on the table ?

Birman could not even discuss it then when he has ownership he can do whatever he likes,

Tot be honest it is very hard to see why a wealthy sports wise owner would not want to carry on a youth programme just starting to pay dividends

Well in the IPL for instance it seems a very different culture, and I don't think that academies etc. feature, so if true I wonder if he just doesn't see the importance.

Or it could be rubbish in which case carry on.

[Nameless]

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

Again, why would it be on the table ?

Birman could not even discuss it then when he has ownership he can do whatever he likes,

Tot be honest it is very hard to see why a wealthy sports wise owner would not want to carry on a youth programme just starting to pay dividends

Well in the IPL for instance it seems a very different culture, and I don't think that academies etc. feature, so if true I wonder if he just doesn't see the importance.

Or it could be rubbish in which case carry on.

The IPL is nothing like our league. Clubs sign players on very short term deals and are pretty much set up from scratch each season. There is no reason to think any further ahead than the current season. You would hope someone getting involved in football would have done a tiny bit of research....

[blueroyals]

As a director of a limited company the law says you must:

make decisions for the benefit of the company, not yourself
tell other shareholders if you might personally benefit from a transaction the company makes

[Mike Hunt]

[loyalroyaldaz]

This has the makings of another "Buyer Pullout".
Whilst the three stooges are figuring out what they can get out of this the Potential Buyers will inevitably loose patience.

[RoyalBlue]

Never easy to sort the wheat from the chaff !

I could imagine the respective buyers being asked to outline their plans for the club, but if the deal is for a 100% purchase then the buyers have no need to place conditions like these.

If SJM is making things difficult you have to hope it is just a negotiating stance, there is no reason I can see for him to kill every deal over minor things like the name of the stadium.

Granted 'If'

No reason you can see? Minor thing? I give you EGO!

From what I've heard nothing will happen for quite a long time. Apparently Samuelson is being much more cooperative than is being made out here, it's SJM who is the problem. He won't give up the naming rights to the stadium, and is holding out for an actual fee when the TSI people are happy to take the quid and dash. Sagi's offer is preferred because A) he's richer and B) his offer is much less complicated despite the idea of a shopping center etc. since Burman's requires the rebranding of the club to Reading Royals within 5 years and to put all Cat 1 academy progress on hold. There's also a worry that he'll do an Anton.

This is all from a friend of Wood-Smith's, so take it with a pinch of salt. He's been wrong about things before!

To be fair to Samuelson he is the one face of TSI who hasn't buggered off the moment the going got tough.
.

Seems there could be 20,000 reasons (a month) why he hasn't buggered off! I too might be tempted to hang around for that sort of money.

If the bit about Cat 1 is even close to being true then I am OUT of the Reading Royals.

That should be the deal breaker in any negotiations. Not the directors' salaries.

Again, why would it be on the table ?

Birman could not even discuss it then when he has ownership he can do whatever he likes,

Tot be honest it is very hard to see why a wealthy sports wise owner would not want to carry on a youth programme just starting to pay dividends

Hence the 'if'.

Though I can believe that IWS has been blabbing. That's how I heard that BR had been sacked a couple of days before it was announced.

A lawyer with a loose mouth? Not a good thing at all! (again acknowledging the 'if').

Seems to me it could be a case of a plague on each of the current board member's houses and that it would probably be better if they were all thrown out ( I doubt many such creatures become rich through caring a lot about other people's best interests). Hence the attraction of Burman.

As for wanting to ensure certain things do or don't happen post sale, I am pretty sure you can insert conditions in any contract for sale (within the bounds of reasonableness). However, how easy it would be to enforce such undertakings post sale is another matter.

[UpThePrem]

The IPL is nothing like our league. Clubs sign players on very short term deals and are pretty much set up from scratch each season. There is no reason to think any further ahead than the current season. You would hope someone getting involved in football would have done a tiny bit of research....

If hes willing to bankroll that scenario, with his money and not lead to a huge debt for the club, I'd be more than happy to see 11/12 top quality players coming in on one year contracts and fly through the Championship. Whether they all gel or not will be the issue and we will be considered to be the new QPR but worse.