|
|
Post by rickyqpr on Mar 14, 2024 7:44:20 GMT
|
|
|
|
Post by rickyqpr on Mar 14, 2024 16:07:25 GMT
|
|
|
|
Post by rickyqpr on Mar 15, 2024 13:49:52 GMT
www.bucksfreepress.co.uk/news/24187252.petition-launched-stop-wycombe-buying-readings-training-ground/5k signatures, but Reading need the cash to avoid another points deduction. It is all so time critical. It is already a fire sale. Not sure what the protests can achieve. If the sale does not go through, then more points deductions and relegation / oblivion. Would anyone in their right mind buy from the current owner? All offers of interest have disappeared. It happens to be Reading, but it could easily happen to any of the clubs in the EFL. Fit and Proper test of owners, clearly does not work.
|
|
|
|
Post by rickyqpr on Mar 15, 2024 19:25:12 GMT
|
|
|
|
Post by Lonegunmen on Mar 16, 2024 9:16:44 GMT
www.bucksfreepress.co.uk/news/24187252.petition-launched-stop-wycombe-buying-readings-training-ground/5k signatures, but Reading need the cash to avoid another points deduction. It is all so time critical. It is already a fire sale. Not sure what the protests can achieve. If the sale does not go through, then more points deductions and relegation / oblivion. Would anyone in their right mind buy from the current owner? All offers of interest have disappeared. It happens to be Reading, but it could easily happen to any of the clubs in the EFL. Fit and Proper test of owners, clearly does not work. The test is: How Big a brown envelope can you give us?? |
|
|
|
Post by hitmanrangers on Mar 16, 2024 14:42:00 GMT
Lots of focus on Reading naturally but big question I have is why the hell do Wycombe, a L1 club, need to spend that sort of money on a training ground? It may well be a bargain but unless they plan to sell it on or sub let some of it, seems odd especially as they likely have to borrow to purchase - maybe it is a sale and leaseback arrangement as Reading will still need somewhere to train.
|
|
|
|
Post by rickyqpr on Mar 18, 2024 13:42:02 GMT
Wycombe website statement:
"Wycombe Wanderers Football Club are putting on hold provision for funding to Reading Football Club and the acquisition of the Bearwood Park training facility from its owners.
A little over a week ago, Reading Football Club announced that it was selling its training ground. Wycombe’s majority investor, Feliciana EFL Ltd, made a proposal to purchase the grounds. Many of the details were still to be worked out, including potential sharing with Reading and how to ensure a smooth transition.
Importantly, it was agreed that while the details were being finalised and due diligence carried out, Feliciana would provide sufficient financing to Reading to allow it to pay its tax obligations and operating expenses, including payroll for the staff and players.
It was Wycombe and Feliciana’s belief that they were helping Reading and professional football with the offer to assist its neighbour in a manner that had historically been used in the past by many football clubs. Indeed, Wycombe’s own training ground had been sold over a decade ago to reduce operating expenses and fund the club when the club had its own financial issues.
Wycombe Wanderers Football Club and Feliciana have to put on hold the discussions and ongoing due diligence due to seeming planning limitations allowing only Reading FC to use the training grounds.
Wycombe continues to wish its neighbours good luck in solving its issues. For its part, Wycombe will continue its search for a training ground that meets its ambitions for the Club."
|
|
|
|
Post by robindubois on Mar 19, 2024 8:05:41 GMT
Maybe Wycombe were going to build stands around the main training pitch and make it their home ground. Otherwise how and why can they afford to buy it at that price
|
|
