i really hope they survive in some form or another if just for the sake of the loyal fans and @theRoyalBiscuit whom has kept us informed and a decent poster on here. I really fear for the future though with that owner, I really don't get it though. What does he hope to gain by dragging this on and on? Surely he is devaluing the asset even further down the tubes?
Yongge is seemingly in quite some financial difficulty back in China, clinging onto assets in the West at all costs might in some way make sense for him. There might be an element of him holding on in case Reading improbably get promoted, though
It's difficult to see a way out that doesn't involve administration, I personally see that as being the only way of being rid of Yongge unless someone pays a long way over the odds for Reading FC.
If Elon Musk believes that Cheltenham Town is worth investing in, then Reading FC with its training ground, academy and excellent stadium and location, must be worth a shot.
Then we will be returning to the same mess with points deductions, embargos etc. So no thanks, I would rather stay in L! rather than go through all that again.
Just using him as an example as someone willing to invest in an EFL club who have way less potential than Reading. I really wouldn’t wish that fool on your club @theRoyalBiscuit
As it's not our club we have the luxury of looking on from afar with interest but we also have the example of Derby, and tbh we are also spending more than a club of our side should and hoping that him in charge stays interested and his investment plans are solid.
Who knows what the league will look like in 5-10 years. Most people who have been going for years want something that looks like stability but I'm not at all sure that is where any of this is heading.
Line two should read ONE AND ALL also, New year. Sad thing is I can't blame it on drink, I haven't had an alcoholic one for at least 50 years. Must be my age is catching up on me.
You could have said the same for Derby County, though someone did.
I'm sure any lawyer would advise any potential investors in Reading to turn right around and don't stop at any of the multitude of traffic lights on the A33 between the Madejski Stadium and the motorway. Though the cogs of football are oiled with the cash of people with more money than sense (amongst other things), I wouldn't rule out someone finding being lauded as Reading's saviour too much to resist.
Satisfaction of charges (of which 5 are mentioned).
Has the legal issue between Dai and Rob Couhig been resolved? As the latest exclusive talks period have now ended, Does it means Dai Yongge can now find another person to fund the club for a few months and then pull the rug? The sale to Rob Couhig is back on? We are heading to administration/liquidation?
Who knows where this saga will end up, if it ends that is.
No need to apologise @Twizz. When bedsheetgate was in full flow i found some of the comments on here quite funny and truthful. Some of our fans went over the top in my view, to be honest. However I can understand the frustration that got them there.
Press seem sympathetic to the case as being one way to finally get rid of Younge, not sure if everyone would agree. Btw I won't praise Reading fans often but anyone who hasn't walked away months ago probably deserves some credit.
There are still quite a few us around @StongestTeam. Having been a fan of Reading FC for so long it is harder to walk away than stay, surprisingly enough. Even if a phoenix club rises from the ashes of this club, some of us will stick around. Yes, even if we have to groundshare with that lot along the M4 from us or along the A40 from you, when we get back to the "Big Time" i.e. League 2! (That is if we do manage several promotions).
As for the latest news, any idea what Dai is counter-claiming against RC for as no one I know has any idea. The only thing I can spectulate is that RC caused a sale to full though by holding on to the Leins. Whether he did or not cause a sale to fall through I do not know so it is pure speculation on my part as the latest "buyer" seems to have disappeared into the same hole as previous possible buyers.
Ridiculous that common sense can't win out in any way after all this time but some people are that way and none of the systems are interested in the good of fans.
I think it's simply him saying that it's all puffed up and Couhig is trying it on. If it can be proved that it's spurious then RC is delaying him from selling to his chosen buyer (not that there's any sign that he has one) and that will be costing him money etc...they should all know better and Younge should have moved on years ago but until anyone knows what he is genuinely after it's all what it is.
I can only imagine where this is heading. It’s not going to be pretty and the victims sadly won’t be either party; it’ll be those who pay their money to go and watch Reading every week.
Comments
i really hope they survive in some form or another if just for the sake of the loyal fans and @theRoyalBiscuit whom has kept us informed and a decent poster on here. I really fear for the future though with that owner, I really don't get it though. What does he hope to gain by dragging this on and on? Surely he is devaluing the asset even further down the tubes?
Yongge is seemingly in quite some financial difficulty back in China, clinging onto assets in the West at all costs might in some way make sense for him. There might be an element of him holding on in case Reading improbably get promoted, though
It's difficult to see a way out that doesn't involve administration, I personally see that as being the only way of being rid of Yongge unless someone pays a long way over the odds for Reading FC.
Don't see why someone would pay over the odds for Reading FC?
As soon as the loon in chief is gone there's a well trodden path of begging to the authorities, stiffing creditors and finding new mugs to invest.
They are in real trouble right now but as soon as that is sorted out, if it can be, They'll be outspending us in weeks.
If Elon Musk believes that Cheltenham Town is worth investing in, then Reading FC with its training ground, academy and excellent stadium and location, must be worth a shot.
Then we will be returning to the same mess with points deductions, embargos etc. So no thanks, I would rather stay in L! rather than go through all that again.
KEEP THAT CLOWN OUT OF OUR CLUB. If he were to take us over I may eresort to writing on bedsheets!
MERRY CHRISTMAS ON AND ALL. Wishing you every success in the new new, even if it means your are one (or two) tiers above us.
Just using him as an example as someone willing to invest in an EFL club who have way less potential than Reading. I really wouldn’t wish that fool on your club @theRoyalBiscuit
I do think we are heading towards all four divisions being filled with rich owners.
I would say at least 5 divisions.
As it's not our club we have the luxury of looking on from afar with interest but we also have the example of Derby, and tbh we are also spending more than a club of our side should and hoping that him in charge stays interested and his investment plans are solid.
Who knows what the league will look like in 5-10 years. Most people who have been going for years want something that looks like stability but I'm not at all sure that is where any of this is heading.
Sorry, for the mistakes.
Line one should read resort to
Line two should read ONE AND ALL also, New year. Sad thing is I can't blame it on drink, I haven't had an alcoholic one for at least 50 years. Must be my age is catching up on me.
Or the biscuits, perhaps @theRoyalBiscuit?
Merry Christmas to yourself and all Gasroomers worldwide. 🎄
You could have said the same for Derby County, though someone did.
I'm sure any lawyer would advise any potential investors in Reading to turn right around and don't stop at any of the multitude of traffic lights on the A33 between the Madejski Stadium and the motorway. Though the cogs of football are oiled with the cash of people with more money than sense (amongst other things), I wouldn't rule out someone finding being lauded as Reading's saviour too much to resist.
On companies House website. for Bearwood
Satisfaction of charges (of which 5 are mentioned).
Has the legal issue between Dai and Rob Couhig been resolved? As the latest exclusive talks period have now ended, Does it means Dai Yongge can now find another person to fund the club for a few months and then pull the rug? The sale to Rob Couhig is back on? We are heading to administration/liquidation?
Who knows where this saga will end up, if it ends that is.
Should have mentioned the charges were against Bearwood.
I reckon Dai has accepted the Couhig bid knowing that if he didn’t, Couhig would wrap him up in very costly legal actions for years.
We're in a dark place just now @theRoyalBiscuit, makes the bed sheets saga seem very trivial. Sorry.
No need to apologise @Twizz. When bedsheetgate was in full flow i found some of the comments on here quite funny and truthful. Some of our fans went over the top in my view, to be honest. However I can understand the frustration that got them there.
If only I could believe in that outcome. Dai is a renowned gambler, and as we all know gamblers never believe they will lose.
The latest in the Reading / Couhig saga…
https://www.readingchronicle.co.uk/news/24876762.reading-fc-owner-hits-rob-couhig-legal-action/?fbclid=IwZXh0bgNhZW0CMTEAAR01uDqjb72N0I_C1XDaZmxMAxuWLgjpjLYEr-uPBfloVaq8N1mWnuUrR-4_aem_uN3CRwMqzyfCEjruDVFIkg#
Seems like Couhig still wants to complete the purchase, although that may be just making the right noises to resolve the legal case in his favour.
Strange turn considering he was too old to remain involved with little Wycombe.
Press seem sympathetic to the case as being one way to finally get rid of Younge, not sure if everyone would agree. Btw I won't praise Reading fans often but anyone who hasn't walked away months ago probably deserves some credit.
There are still quite a few us around @StongestTeam. Having been a fan of Reading FC for so long it is harder to walk away than stay, surprisingly enough. Even if a phoenix club rises from the ashes of this club, some of us will stick around. Yes, even if we have to groundshare with that lot along the M4 from us or along the A40 from you, when we get back to the "Big Time" i.e. League 2! (That is if we do manage several promotions).
As for the latest news, any idea what Dai is counter-claiming against RC for as no one I know has any idea. The only thing I can spectulate is that RC caused a sale to full though by holding on to the Leins. Whether he did or not cause a sale to fall through I do not know so it is pure speculation on my part as the latest "buyer" seems to have disappeared into the same hole as previous possible buyers.
You are a true supporter @theRoyalBiscuit - I hope it all turns out well for you. 👍👍
Ridiculous that common sense can't win out in any way after all this time but some people are that way and none of the systems are interested in the good of fans.
I think it's simply him saying that it's all puffed up and Couhig is trying it on. If it can be proved that it's spurious then RC is delaying him from selling to his chosen buyer (not that there's any sign that he has one) and that will be costing him money etc...they should all know better and Younge should have moved on years ago but until anyone knows what he is genuinely after it's all what it is.
There’s another update from James Earnshaw of the Reading Chronicle.
https://www.readingchronicle.co.uk/news/24887998.reading-fc-owner-accuses-rob-couhig-unlawful-action/
What a mess. Which will likely be the title of the documentary on the modern history of Reading at this rate.
I can only imagine where this is heading. It’s not going to be pretty and the victims sadly won’t be either party; it’ll be those who pay their money to go and watch Reading every week.