The latest bombshell is the Dai Yongge era at Reading in a nutshell, I'd like to say I'm surprised that he "forgot" he'd secured a [edit] £50m loan on the Madejski Stadium while trying to flog it but really it's par for his truly execrable course.
Any episode where a club is up a creek due to the owner playing silly buggers with their ground shows why the Trust must absolutely hold the line on retaining ownership of Adams Park.
@ReadingMarginalista that is true, but not every silly bugger will have been thwarted at a previous club in aiming for the chief asset only to find that his next deal would lay bare the very reason why that was so. The irony is palpable.
Why do Oxford need a new stadium when it is Reading that is now desperately in need and we definitely feel more sorry for them? That triangle thing should be built at Didcot on the site of the old Power Station. It would be handy for Swindon for both clubs and they could have two sides each, which shouldn't be a problem for Oxford. Plus if they ever decided to merge they could be the Thames Valley Power Rangers.
I tried to be kind with this post, but the mischief just bubbled up.
Their forum doesn’t seem to be in meltdown as you would expect , a few talking about new grounds elsewhere. I’m sorry but sometimes you get what you deserve . Cohig has some time to reflect on trying to bite off more than you can chew., no sympathy from myself.
To be fair after all they've gone through, it's hardly a surprise Yongge has scuppered himself selling the club through greed and/or incompetence. They've had countless meltdowns (not least the training ground episode), it wouldn't be a surprise if meltdown fatigue has kicked in.
It wouldn't come as a great shock to discover that Yongge is skint (or back down to seven figures which is the same thing at this level) and needs to sell the club to a complete mug.
Grief comes in waves and it can feel like nothing will ever be right again. But gradually most people find that the pain eases, and it is possible to accept what has happened. We may never ‘get over’ Dai Yongge, but we can learn to live again, while keeping the memories of the money we have lost close to us.
Perhaps they could find a buyer for that state of the art training complex and use it to clear the stadium mortgage, it would give them somewhere to play and a decent match day revenue to rebuild. No, wait ..
Given the new govt announced it was calling the Marlow studio planning decision in (and briefings suggested were mindful of approving it, overruling Bucks council) I wonder if this puts a longer term solution - building a purpose-built training centre in Marlow - back on the table in the medium term, with West London tiding us over till then.
Bearwood has been a millstone around Reading’s neck. To be honest I’m more comfortable with us leasing somewhere for the foreseeable to avoid being lumbered with a costly asset if and when our current owners lose interest / move on.
Rather depends on how much rent is, I wouldn't imagine it's cheap.
While it Is interesting to have these discussions it is also a real shame that so many fans feel the need to discuss this sort of thing based on so many owners having turned out to be utter shits recently.
Comments
"Good job the Trust own Adams Park - perhaps Mr Couhig now has a better appreciation of why that might be important"
Confucius.
The latest bombshell is the Dai Yongge era at Reading in a nutshell, I'd like to say I'm surprised that he "forgot" he'd secured a [edit] £50m loan on the Madejski Stadium while trying to flog it but really it's par for his truly execrable course.
Any episode where a club is up a creek due to the owner playing silly buggers with their ground shows why the Trust must absolutely hold the line on retaining ownership of Adams Park.
'Reading are so fucked'
Confucius's mate, Dave.
Reading fans last season: "Death to RC! Silly man trying to get the training ground off us - that has killed us"
Reading fans at the start of this season: "Maybe he can save us!"
Reading fans last week: "Death to RC! Silly man trying to get the sale price lowered, that has killed us."
Reading fans today: "Maybe he tried to save us!"
£55 mil loan easy to lose track of…
perhaps he moved and the statement was sent to an old address…
Is he too late for a PPI claim?
Yongge is probably wishing I was his account manager at Haitong International Securities with my grasp of figures.
Or someone from the Post Office..
What's very worrying is that the debt increased from £45M to £55M in a year due to unpaid interest.
There's not a lot of hope for Reading with that backdrop.
It also probably explains exactly why RC was trying to negotiate a price of closer to £8M for Reading FC, since they wouldn't own the stadium.
@ReadingMarginalista that is true, but not every silly bugger will have been thwarted at a previous club in aiming for the chief asset only to find that his next deal would lay bare the very reason why that was so. The irony is palpable.
Absolutely. A jumped up pike pretending to be the biggest fish in the lake meeting the catfish of karma in record time.
Sheer poetry.
I have it on good authority that Confucius's mate is actually named Rodney.
Mange tout @LordMandeville, mange tout
That's up there with the best sentences ever expressed on the Gasroom
Why do Oxford need a new stadium when it is Reading that is now desperately in need and we definitely feel more sorry for them? That triangle thing should be built at Didcot on the site of the old Power Station. It would be handy for Swindon for both clubs and they could have two sides each, which shouldn't be a problem for Oxford. Plus if they ever decided to merge they could be the Thames Valley Power Rangers.
I tried to be kind with this post, but the mischief just bubbled up.
Their forum doesn’t seem to be in meltdown as you would expect , a few talking about new grounds elsewhere. I’m sorry but sometimes you get what you deserve . Cohig has some time to reflect on trying to bite off more than you can chew., no sympathy from myself.
That Cohig guy, eh ?
Wots he ever done for a football club.
A glass raised to the Trust, for digging their heels in.
To be fair after all they've gone through, it's hardly a surprise Yongge has scuppered himself selling the club through greed and/or incompetence. They've had countless meltdowns (not least the training ground episode), it wouldn't be a surprise if meltdown fatigue has kicked in.
It wouldn't come as a great shock to discover that Yongge is skint (or back down to seven figures which is the same thing at this level) and needs to sell the club to a complete mug.
What are the five stages of grief?
Denial
Anger
Bargaining
Depression
Acceptance
Grief comes in waves and it can feel like nothing will ever be right again. But gradually most people find that the pain eases, and it is possible to accept what has happened. We may never ‘get over’ Dai Yongge, but we can learn to live again, while keeping the memories of the money we have lost close to us.
Perhaps they could find a buyer for that state of the art training complex and use it to clear the stadium mortgage, it would give them somewhere to play and a decent match day revenue to rebuild. No, wait ..
Given the new govt announced it was calling the Marlow studio planning decision in (and briefings suggested were mindful of approving it, overruling Bucks council) I wonder if this puts a longer term solution - building a purpose-built training centre in Marlow - back on the table in the medium term, with West London tiding us over till then.
Bearwood has been a millstone around Reading’s neck. To be honest I’m more comfortable with us leasing somewhere for the foreseeable to avoid being lumbered with a costly asset if and when our current owners lose interest / move on.
Rather depends on how much rent is, I wouldn't imagine it's cheap.
While it Is interesting to have these discussions it is also a real shame that so many fans feel the need to discuss this sort of thing based on so many owners having turned out to be utter shits recently.