Apparently someone has actually failed the Fit and Proper persons test

The PL could possibly block Reading from joining the PL if the Chinese takeover is completed.
But they did not satisfy the Premier League which is why they couldn't buy Hull. If nothing has changed, they will not be permitted to own a Premier League club. It's all looking dodgy at Reading in any case with the Thai owners reported to have done some asset stripping. I read recently that it could be the next Portsmouth.beddie wrote:Can't see it being blocked myself as they appear to have satisfied the EFL.
Yes what a shame that Mr Madjeski, who did so much to build Reading from a 3rd Div Elm park club into a one time prem club, sold first to a Russian, who bought a Russian striker but then took money out, rather than put in, followed by Thai's who do the same and now poss dodgy Chinese.Woodleyclaret wrote:Since Madjeski decided to sell his club he has not had much success .Son of Russian billionaire was refused cash from Daddy and had to give his stake back.
Present owners have had issues 're share sales and now the present Chinese (who else) are questionable.
're fair and proper persons test.That's a joke in its self as proven at Leeds where a guy convicted of various issues 're finance was deemed ok.
And they collapsed against us.ElectroClaret wrote:They hammered Venkys last week.
That's all i care about Reading.
It is my 'home town' team, although I have never really followed them. I used to train at Elm park with an old pro called Jimmy Wheeler. The club was a long stay 3rd division outfit with about 7-8k average fans. John Madjeski, who had made his money from Auto trader, which he started in Reading, decided he could put something back into the town. He bought land off the council, which was an old landfill site, near the speedway stadium and the local sewage works (Reading, reading what's that smell?).Lord Beamish wrote:I have such an antipathy towards Reading Football Club, that I can't reasonably explain it.
I've never liked them. They seem synthetic and ersatz to me; rather like Wigan Athletic.
What I read recently was about the Thai owners having hived off all the enabling land around the stadium and now ready to sell the club having got that. They are looking to build hundreds of houses on the land.Cheshireclaret wrote:I'm sure I read an article recently about Reading FC and their owners also owning land all around the Madejski and that they were in a very similar situation to the one Millwall were in recently (and like or loathe them, Millwall thankfully fought back against that!)
I'll try and find the article.
If you look at he figures in swiss ramble you will see that as far as the books are concerned weeds is run very soundly (even kept a manager for a whole season now- what's that about) debt modest, revenue increasing, wages to revenue lowest in the division. From a fit a proper perspective that is impossible to argue against - someone there is doing a great job not saying it is the owner but he employs whoever it is.elwaclaret wrote:on the other hand....... I hope they are finally using the "Fit and Proper" rules as they were meant to be after a couple of really dodgy goings on in recent seasons. Look how much trouble has been caused by not doing the proper checks at Birmingham and Weeds for example.
MiltonKeynesClaret93 wrote:I still remember their pitch invasion at the end of 2013/14 only for Brighton to score against Forest and knock them back down to 7th.