I think Dai Yongge might just be fucked too (not in a good way). If I'm reading this tangled web correctly, he is desperately trying to find a way to stay out of a Chinese prison. I don't fancy his chances. It looks like he's going to take the Biscuitmen down with him.
I see that the decision regarding the new Oxford Utd stadium is delayed, so maybe they will be the vultures to pick up the Reading FC stadium at a knock down price.
I was told by an Oxford United fan when I watched the Wycombe Wanderers Development side play in Kidlington last month that there is 0% chance of a stadium ever being built at the Triangle.
I'll admit to never understanding where Rob got his money from, but it's not illogical to assume the figures mentioned in this article are Lomtadze enabled.
Yes, in the documentary Couhig claimed that some of his New Orleans associates approached him about buying Reading together, so it was certainly not something he did on his own.
I think Reading really still can recover pretty quickly if and when Younge clears off.
Difficult to see how or why he is still holding out, you'd think he will burn through more than anyone is prepared to pay if he hasn't already.
As for RC suing another bankrupt EFL team he clearly isn't after being popular. Oddly his claim could at some point be used to help someone else take control if Younge slips up and can be ousted like Hicks and Gillette were at Liverpool.
@Lloyd2084 thank you for mentioning the source in your post, against my better judgement I followed @DevC’s link and found myself at the Daily Mail, forgot to hover over it beforehand.
No-one is saying a 70 year old is too old to do business or still have dreams etc but it does seem baffling that he's still pursuing this 1000s of miles away, already as a millionaire. Rather than living a life beyond the dream of most people where he is with an until now happy legacy at Wycombe.
Comments
Genuine commiserations, @theRoyalBiscuit - Dai seems to have woven a thread of nonsense so tangled that it is basically impossible to pick apart.
Sorry to hear all that @theRoyalBiscuit , fingers crossed Reading get it all sorted out for you before long.
Football ownership is increasingly becoming a clown show...
Thats very tough to read, and i don't even like the football club in question.
I'm sure RC ticked Yongge off, but i'm sure that's not all there is to the story.
If i was Rob i'd enjoy my millions by the Bayou, but he doesn't seem to be built that way.
Would the Trust have folded if he had offered £30 million for total control at AP?
I have a grade B in O Level Law and am pretty sure that Reading are, to use a legal term, fucked.
I think Dai Yongge might just be fucked too (not in a good way). If I'm reading this tangled web correctly, he is desperately trying to find a way to stay out of a Chinese prison. I don't fancy his chances. It looks like he's going to take the Biscuitmen down with him.
Surely the money he's spending on Reading came from selling us?
I see that the decision regarding the new Oxford Utd stadium is delayed, so maybe they will be the vultures to pick up the Reading FC stadium at a knock down price.
I was told by an Oxford United fan when I watched the Wycombe Wanderers Development side play in Kidlington last month that there is 0% chance of a stadium ever being built at the Triangle.
If Rob got £30 million for us and our only recently revamped toilets, I salute his business acumen! 😊
(Or our new owners desperate need to keep his cash out of Putin's grasp...)
I'll admit to never understanding where Rob got his money from, but it's not illogical to assume the figures mentioned in this article are Lomtadze enabled.
Wait until Lommy finds out that the fireworks were not included in the price.
I think its far more likely that Couhig was fronting a syndicate.
How Yongge's lawyer allowed liens to secure loans not to automatically drop away when the loan were repaid is beyond me.
Couhig can now seemingly hold any new buyer to ransom.
Sad situation really.
Yes, in the documentary Couhig claimed that some of his New Orleans associates approached him about buying Reading together, so it was certainly not something he did on his own.
Letting the word logic anywhere near the line of reasoning in this sentence leaves me with with a multitude of inexpressible feelings.
On second thoughts, I think I might understand this. It's a riddle:
Q:what's not illogical but not logical
Not illogical is a litotes. Not logical is illogical!
I think Reading really still can recover pretty quickly if and when Younge clears off.
Difficult to see how or why he is still holding out, you'd think he will burn through more than anyone is prepared to pay if he hasn't already.
As for RC suing another bankrupt EFL team he clearly isn't after being popular. Oddly his claim could at some point be used to help someone else take control if Younge slips up and can be ousted like Hicks and Gillette were at Liverpool.
The flame throwing wheelie bins?
They’re absolutely Bolloxed M’lud.
Reading FC takeover being brought to High Court to try and force Dai Yongge sale
Presume its not Couhig at Shrewsbury then.....
Rob looking for a Black Friday deal
Don't rate Couhig's chances highly but may make any sale to another party even more difficult.
Reading owner Dai Yongge is 'being sued for £10.3m by investor who tried to buy the club' - after he 'lent Royals £5m' before the League One club 'cancelled' the deal
Yeah, good luck with that RC...
The bed linen derby this coming Saturday, can’t see this situation going unremarked upon by the Chairboy terrace massive.
“But now the American has lodged a claim in the High Court and is seeking £800,000 in costs and £9.5m in possible lost profits, according to The Sun.”
Good luck proving Reading would have made £9.5m profit.
He’s certainly cementing his reputation as a chancer.
@Lloyd2084 thank you for mentioning the source in your post, against my better judgement I followed @DevC’s link and found myself at the Daily Mail, forgot to hover over it beforehand.
Ha! The Mail banner came up before I realised but thankfully it was on an MSN aggregate site.
Thankfully we're not involved this time.
No-one is saying a 70 year old is too old to do business or still have dreams etc but it does seem baffling that he's still pursuing this 1000s of miles away, already as a millionaire. Rather than living a life beyond the dream of most people where he is with an until now happy legacy at Wycombe.