Confimred new owners of Raeding Footbal Club

[Bandini]

So the fate of RFC is in the hands of this bloke. http://www.begbies-traynorgroup.com/investor-relations/company-information/directors/mark-fry-head-of-insolvency-and-restructuring_11.aspx

Why not give him a bell or drop him an email, details on this link: http://www.begbies-traynorgroup.com/our-people/mark-fry_765-full.aspx

The Scorpians Provisional wing are already on their way to his office.

[Sutekh]

Mr Dellor said he'd be putting a call into Mr Fry. No doubt though Mr Fry will be unavailable to comment on the current matter due to non disclosure legalities.

[gazzer, loyal royal]

I thought the CS interview was pretty good, I don't really see him as the bad guy here.

Some interesting things he said:
- Confirmed a distressed sale is in progress
- Kebe and Mariappa sales (and presumably prem wages) didn't cover last seasons signings
- SJM/TSI wanted £25m for the club which was (in hindsight) too high
- AZ ran away because he couldn't get the money he was expecting to get - presumably from his dad!
- the wage bill needs a £10m to £12m topup each season
- the vibrac loan is £10.5m and due in Aug
- the debt is £20m, which sounds too low for me so I assume TSI/SJM are writing off around 50% of what they are owned
- He has directly approached 100 billionaires, and got offers that TSI/SJM rejected
- SJM has already got £17m back

He ends with hope that the current distressed sale isn't scuppers by the lender wanting more as he thinks the buyers will be a good fit. I guess our opinion of that will show how genuine he is if and when it happens, but to me he seemed like the sort of person the club needed to employ in order to secure a buyer and not as RL paints him.

Re Kebe & Mariappa I'm not really that surprised. We exchanged those two for Drenthe, Williams and Bridge - two of who may not have needed a transfer fee, but almost certainly would have had signing on fees.

Anton was expecting a mate to sign on and then to be able to rustle up other investors. Daddy was security from what I understand from reading all the recent interview stuff.

£46m last season in wages, and £10m - £12m blackhole suggests to me wages this season of somewhere in the region of £33m.

Without a huge chance of shifting probably our two biggest earners (Pog & Drenthe), we're gonna need to get rid of most of Guthrie, McCleary, Williams, Obita, McCarthy & Federici, if not more, to get even close to the level we need to reduce that. And I just can't see them all being desired enough.

Yep, and it's amazing that there are a few mongs who want a billionaire appointed ASAP so we can start splashing the cash. Are people really that dense? New owner or not the transfer strategy needs to remain as offloading players until the wage bill is more reasonable for this division.

The wage bill is ridiculous when you consider Robson-Kanu is the 3rd highest paid player in the squad

[melonhead]

Except he isnt

[Uke]

I am concerned that Samuelson mentioned the difficulty in selling players. I am presuming hes talking about existing
Players and not the ones that have left. That is a big problem considering the size of the wage bill

It's always difficult selling players who have left

[SydenhamRoyal]

I am concerned that Samuelson mentioned the difficulty in selling players. I am presuming hes talking about existing
Players and not the ones that have left. That is a big problem considering the size of the wage bill

It's always difficult selling players who have left

But, as the Carlos Tevez affair with West Ham shows, not necessarily impossible

[3points]

or players who get paid but fail to show up week in week out

[Ian Royal]

The wage bill is ridiculous when you consider Robson-Kanu is the 3rd highest paid player in the squad

Are you seriously trying to tell us that only two of Pogrebnyak, Guthrie, Williams, McCleary, Karacan, Federici, McCarthy & Drenthe are on more than HRK?

You've got a decent track record gaz, but that is just major I can't believe it. It's madness.

[ZacNaloen]

He got that contract off the back of a season in the prem where he looked like he was about to finally kick on.

Then he didn't.

It's plausible, if there was prem interest.

[paddy20]

He got that contract off the back of a season in the prem where he looked like he was about to finally kick on.

Then he didn't.

It's plausible, if there was prem interest.

Heard that as well. Gave him good contract so as they could sell him to a another premiership side. Just wonder who was watching him to come to that conclusion- presumably Hammond

[ZacNaloen]

I didn't meant that was the intent, just that the club felt he was going to finally show his potential.


At the moment he's just another over conditioned player who can't keep himself off the physio table.

[sandman]

LOL. I know his wife. I really don't think he's in a massive position of power at the club.

Good to have a name and face when reporting someone for leaking information to an internet forum.

[3points]

He has a reputation of being a bit "wide" but at least he's not dodgy

[Snowball]

He got that contract off the back of a season in the prem where he looked like he was about to finally kick on.

Then he didn't.

It's plausible, if there was prem interest.

Agreed. To be honest I was one expecting HRK to do EXTREMELY well this year, even Championship top-scorer 123

He did well in the Prem, and I really thought we needed him.

In fact, I'd go as far as saying that had he repeated just his Prem season form we'd've been much higher,
easily top six, and maybe would have got that extra kick of investment.

7 Prem goals in 1279 minutes = 181 minutes a goal

God knows what happened. Over-trained, long-term niggle, couldntgiveafukitis?

[72 bus]

Fat-arse-itis.
Basically he is the wrong shape to play football, shame but that's just how it is.
He is stealing a living, but fair play to him.

[paddy20]

He got that contract off the back of a season in the prem where he looked like he was about to finally kick on.

Then he didn't.

It's plausible, if there was prem interest.

Agreed. To be honest I was one expecting HRK to do EXTREMELY well this year, even Championship top-scorer 123

He did well in the Prem, and I really thought we needed him.

In fact, I'd go as far as saying that had he repeated just his Prem season form we'd've been much higher,
easily top six, and maybe would have got that extra kick of investment.

7 Prem goals in 1279 minutes = 181 minutes a goal



God knows what happened. Over-trained, long-term niggle, couldntgiveafukitis?

Or he just isn't a top player. Can you remember any season where he stood out? The goals in the premiership flattered him a bit as I dont remember him getting much first team action based on his overall play. He is a journeyman player who is often effective as a sub. If he was going to be anything else it would have showed up by now. Yet another cock up by Reading management.

[paddy20]

Listening to the news this morning and CS's comments we are now in dire trouble. It seems BTG have an unrealistic view of what we are worth and is putting off any investors. Are they simply waiting for us to go into admin now? How would this leave the loan company? Could they just sell off the stadium and land and re-coup their loans? Could we be the first Championship club to disappear?

[Terminal Boardom]

Yet I recall not that long ago that the S*indon fans were raving about him when he was on loan and went as far to say that he was the best loanee they ever had - even better than someone called Milner. He may just be one of those players who never lives up to the expectations.

[Pepe the Horseman]

Listening to the news this morning and CS's comments we are now in dire trouble. It seems BTG have an unrealistic view of what we are worth and is putting off any investors. Are they simply waiting for us to go into admin now? How would this leave the loan company? Could they just sell off the stadium and land and re-coup their loans? Could we be the first Championship club to disappear?

Lol. Calm down.

[ZacNaloen]

Listening to the news this morning and CS's comments we are now in dire trouble. It seems BTG have an unrealistic view of what we are worth and is putting off any investors. Are they simply waiting for us to go into admin now? How would this leave the loan company? Could they just sell off the stadium and land and re-coup their loans? Could we be the first Championship club to disappear?