Reading FC take-over statement

[daib0]

TSI have said in a statement:


Thames Sports Investment Ltd, a newly-founded private investment company, are very pleased to have signed Heads of Agreement with Sir John Madejski on Friday to acquire a significant holding in Reading Football Club. Our agreement is now subject to due diligence and the normal procedures from the Football League. The transaction is due to complete in March 2012, but the Heads of Agreement, as agreed with Sir John Madejski, includes providing Reading Football Club with some limited funding now to enable Brian McDermott and Nick Hammond to strengthen the playing squad during this January transfer window. TSI have met with Brian, Nick Hammond and the club to begin this process. TSI is also delighted that Sir John Madejski has agreed to remain Chairman of Reading Football Club until at least 2014, and to become Life President if and when he decides to step down. TSI wishes to emphasise that Reading Football Club's management team will remain unchanged, as will the fundamental policies of the club, including prudent fiscal management. Since Sir John Madejski took over at Elm Park in 1991 this club has rightly earned a first class reputation, on and off the pitch. TSI value and respect the ethos and approach held by everyone associated with Reading - the Chairman, staff, players and supporters. TSI's financial support aims to allow the club to retain its best players and acquire additional players as the football management team see fit. It will also enable the club to expand and further improve its successful Academy and scouting operations.

Views??
Is there danger of a Chelski, or 'Readingski' here do you think?
Are these foreign deals hampering the English game, especially at Championship level (apart from obviously the premier)?

[daib0]

I forgot to add -

Why foreign? Because it seemingly is a 29-year old Russian who went to school in Reading, with a super-rich father ...
Although TSI have yet to reveal their true identity to fans, it is believed the company is headed up by Russian billionaire Anton Zingarevich, son of one of the country's richest men Boris.

[donnyroversfc]

Odds on that they f**k Reading FC over! It's his dads money he's using, who has links to the Russian mafia.

They've said they want to run them like a proper business so cant see them splashing the cash that freely!

I'd rather have McKay at the club than any Russian! Corrupt country full of corrupt people.

[donnyguy61]

http://www.dailymail.co.uk/sport/football/article-2090340/Reading-Billy-Sharp.html

[The Red Baron]

I'd have thought the same issues would apply as at Leicester: unlikely to be in the Prem next season. Also it is further away from Yorkshire than Leicester!


As the takeover isn't due to go through for a while, I doubt they're that \"cash rich\" at the moment and the new owner would probably be looking to splurge money in the summer.

[benaldo]

Odds on that they f**k Reading FC over! It's his dads money he's using, who has links to the Russian mafia.

They've said they want to run them like a proper business so cant see them splashing the cash that freely!

I'd rather have McKay at the club than any Russian! Corrupt country full of corrupt people.

I'm actually part Russian Jewish.

[daib0]

http://www.dailymail.co.uk/sport/football/article-2090340/Reading-Billy-Sharp.html

I wouldn't make too much of it, to be honest (OK, if I were proved wrong I'd have egg on my face). On our forum (Royals Rendezvous) there's literally dozens of names flying about last few days!

[donnyroversfc]

Odds on that they f**k Reading FC over! It's his dads money he's using, who has links to the Russian mafia.

They've said they want to run them like a proper business so cant see them splashing the cash that freely!

I'd rather have McKay at the club than any Russian! Corrupt country full of corrupt people.

I'm actually part Russian Jewish.

Haha! Well considering you are a fellow Rovers fans then i'll add you to my exclusive list of russians that i'd trust, alongside Maria Sharapova (Gotta say her just in the hope she reads this forum and offers to sleep with me to thank me for the trust) and Alexander the Meerkat

[benaldo]

HA  Comrade.

[southwestexile]

Not sure I appreciate all the stereotyping of Russians

also, wise move to call someone as part of the mafia?

result a = lawsuit for libel
result b = loss of knee caps

[donnyroversfc]

Not sure I appreciate all the stereotyping of Russians

also, wise move to call someone as part of the mafia?

result a = lawsuit for libel
result b = loss of knee caps

Link

[southwestexile]

Not sure I appreciate all the stereotyping of Russians

also, wise move to call someone as part of the mafia?

result a = lawsuit for libel
result b = loss of knee caps

Link

link doesn't work, is it concrete proof that all Russians are corrupt?  doubt it

[donnyroversfc]

put : after the http.

Ofcourse its not proof all Russians are corrupt, it does make iteresting reading on the Father of the man heading the consortium taking over Reading though (with his dads money).

[daib0]

Fantastic insight donnyroversfc and many thanks - now added to my site. Sure to produce a load of comments, already at 20-something pages in four days!
(P.S.  I had to take a http OFF - appeared twice in link!)

[donnyroversfc]

No probs Daib0, Hope it all goes well for you. I like Reading, good set of fans and been a well run club

Should stop singing that Molly Malone song though, its OURS!