π¨IT'S OFFICIAL #ReadingFC
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π¨IT'S OFFICIAL #ReadingFC
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π¨ EFL update on Reading takeover
"The sale continues towards completion with the League having received further documentation over recent days. A further update will be shared in due course." #ReadingFC
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π΅βͺοΈππππ πππ
πππ ππ πππ'πβͺοΈπ΅
I've been waiting to create these front pages for almost two years.
A testament to the hard work of everybody who played their part throughout the campaign. #ReadingFC
πΈ Luke Adams
An incredible day but take a moment to think about those at the club who have been let go due to financial issues.
From the menβs first team, the womenβs first team, the academy. Everyone has felt the impact of Daiβs disastrous ownership. Thankfully itβs finally over. #ReadingFC
Seen a lot of talk comparing Reading's 106 team with the current Birmingham team. Both record breakers.
So for a bit of fun, I've put together my combined XI... #ReadingFC #BCFC
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βThe terms of the deal have been agreed between the clubβs current owner Mr Dai and the buyer. Both parties will now work to complete the necessary steps to complete the takeover.β #ReadingFC
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- Exclusivity with Platek has ended
- club supposedly in negotiations with new bidder
- Want deal at βearliest opportunityβ, all stuff weβve heard before, now letβs see some action
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βWhoever the new bidder is, please just get the takeover done. Everything good about this club is being betrayed by this disastrous sale process and its distracting from an incredible season on the pitch." @SellBeforeWeDai #ReadingFC
Absolutely spot on.
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π¨Reading FC takeover
State of play ahead of a crucial week
- Expect clubs comms later this week with update
- EFL to meet to decide action if not satisfied with progress
- Unlikely to be suspended from league, but matches could be suspended #ReadingFC
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Despite all the mess off the field, this team continues to defy the odds. Up into 6th place with 8 games to go. #ReadingFC
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Rob Couhig speaks on takeover, Bearwood, academy, Dai Yongge and Robert Platek.
A very interesting interview, well worth checking out the full podcast #ReadingFC
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A positive step that things are progressing as 22/23 accounts finally published and club removed from EFL embargo list.
Fingers crossed for more positive news shortly #ReadingFC
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π¨EFL statement:
- Dai Yongge disqualified under Owners' and Directors Test
- EFL to consider 'all options' to bring matter to conclusion if he does not divest interests
- EFL working closely with Reading to progress sale #ReadingFC
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What a mess.
- Dai not granted injunction against Couhig, judge argued sale can still go ahead
- EFL will disqualify Dai on April 4, giving club 30 days to complete sale
- If club not sold by May 4, faces disqualification from EFL #ReadingFC
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Jaap Stam: "If the opportunity was ever there, I would love to go back and work for them again if they would have me." #ReadingFC
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#ReadingFC takeover update
- Hopeful of concluding deal by April
- EFL aware of Platek's 'conflict of interest' as co-head of firm that has lent money to EFL clubs
- This is not expected to impact Platek's potential purchase of Reading
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βWeβve been here before with the Dais.β #ReadingFC
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π¨ BREAKING: βReading Football Club can confirm it has committed to a letter of intent with a potential purchaser of the club.β #ReadingFC
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Excellent work from Yuan Yang & Sell Before We Dai
Almost at 3000 signatures so far. Get signing everyone!
"The Governmentβs Football Governance Bill will help clubs in future, but clubs in peril now need answers." #ReadingFC
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Brilliant pictures from yesterdays 94th minute winner #ReadingFC
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As a surprise to absolute nobody, Steve Evans is absolutely fuming with the refβs performance #ReadingFC #RUFC
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β° 500 days and counting, how much longer?
No communication, no answers, no exclusivity, no sale. #ReadingFC
Itβs time to step in EFL, before itβs too late.
There is already blood on the hands of Dai and all of his chronies. There will be blood on the hands of the EFL if Reading are not saved. We simply cannot let them kill Reading Football Club. #ReadingFC
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Now the transfer window is out the way, full attention turns back to the mess of a takeover process.
Iβve tried to summarise my thoughts on the farce itβs been so far.
The club needs help, desperately @EFL
#ReadingFC
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So to summarise...
- No exclusivity compared to last month, backwards steps
- 'Several credible bidders', irrelevant when Dai has batted away numerous credible bids throughout the process
- Zero direct communication from Dai Yongge, Dayong Pang or Nigel Howe
#ReadingFC
Takeover update from the club:
- Exclusivity with prospective buyer last month has expired
- 'Several credible bidders interested'
- Mr Dai supposedly contributed to HMRC and wages last month
#ReadingFC
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βYou would hope that Howeβs long association with the club means heβd want to get the sale done for more than just a cut.β #ReadingFC
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The crushing reality is at this rate there may not be a club to support anymore come the summer. It really is that serious. The @EFL have to help save Reading Football Club. The Daiβs have previous. It cannot be allowed to happen again. #ReadingFC
As sad as it is, I truly canβt bring myself to care about matters on the pitch at the moment
Itβs now or never for the future of the club. The EFL must do all they can to help. Dai must be disqualified if they have the power to do so. #ReadingFC