Sheikh up at Reading FC?

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Sheikh up at Reading FC?

Post by johnH »

By Jonny Fordham
September 16, 2009

Sir John Madejski released a statement on Monday denying national newspaper reports that a deal was "close"

A group of Middle Eastern businessmen have been given a personal tour of Madejski Stadium by chairman Sir John Madejski as he looks to offload the club in a possible £80 million deal, claim sources.

A man claiming to represent the unknown Arab consortium, revealed this week to be interested in buying Reading Football Club, told a source close to the Post that three representatives stayed at the Millennium Madejski Hotel in the last month where talks began to try to iron out a deal.

Sir John released a statement on Monday denying national newspaper reports that a deal was "close".

Sir John Madejski: 'sale story not true'

A second source told the Post yesterday: "Sir John was spotted showing a group of Arabic businessman around the stadium last month.

"The group had been staying in the hotel for just under a week."

Sir John saved the club from near extinction in 1990.

The former Auto Trader boss then pumped millions of pounds of his personal fortune to help the Royals reach the Premier League in 2007 for the first time in their then 135-year history.

The 68-year-old entrepreneur had valued the club at around £110 million, but following the club's relegation from the top-flight back to the Championship, the chairman may struggle to attract £80 million for it.

Sir John has made no secret of his desire to sell the club and in the past has welcomed a "billionaire with deep pockets" to make him an offer he can't refuse - but he also said he would only sell to the right people.

Another source close to the club said it would be impossible for Sir John to sell without talking to prospective buyers, but added: "Put it this way, if your house is on the market and someone comes to look at it once, does that mean you instruct your estate agent to draw up papers? Of course not."

Sir John released the following statement on the possible takeover and refused to comment any further.

He said: "To suggest the club is close to being sold is simply inaccurate. I have never made any secret of the fact I would sell if somebody with deep pockets was to come along and if it was right for the club.

"But let me say for the record that today's stories suggesting we are close to selling are simply not true."

A poll on shows 43 per cent of nearly 400 people who took part supported the move to a mega-rich owner ... reading_fc

Re: Sheikh up at Reading FC?

Post by driftwood »

Reading FC manager Brendan Rodgers says takeover talks won't bother him or his players

Reading FC takeover talks won't affect players
By Jonny Fordham
September 16, 2009

Brendan Rodgers has insisted that reports of a club take-over at Reading won't affect the team as they take on Cardiff City tonight (8pm kick-off).

Royals are still winless at home in the league this season and their unenviable run now stretches to 18 hours of play - but Rodgers maintains that what happens off the field is irrelevant.

The 36-year-old said: "We've all been in good contact with the chairman and I know his intentions and it isn't close to being sold at all.

"In terms of our preparation, it won't affect anything. If a new owner does come in and wants to give me some money to spend then great."

The Bluebirds come into the game on the back of two defeats in the league and Rodgers went to The Cardiff City Stadium on Sunday to watch tonight's opposition in action against Newcastle United.

"They'll be a standard 4-4-2 and will work hard," said Rodgers.

"Michael Chopra and Jay Bothroyd will be a threat. They're direct in the build-up and their two front guys can cause problems.

"But the spirit here is very good, there are loads of positives from the Doncaster game and we've made an effort to ensure we're pressing the ball higher up the field.

"I think we're simmering a bit at the moment and once we click into place we'll be off. We'll fight hard to get the win, it should be a good game for both the supporters and the players."

Reading, who are in 17th place after six games, have managed just one win in the league so far this season, while the eighth-placed Bluebirds have won three and scored 12 goals, compared to Reading's woeful four.

Last time the two sides met at the Madejski Adam Federici became the unlikely goal hero as he equalised for Reading in the 95th minute on the Boxing Day clash.

And Rodgers added: "Hopefully we won't need to rely on the goalkeeper to score again.

"But the old M4 derby has always brought a real good game and I'm sure it'll be no difference.

"Ultimately we want to be better offensively and I'm very confident because of the quality and the ambition of the players.

"I'm happy to be making, ok slow, but good progress. You see Burnley last year - they didn't have a great start and they produced the goods when it mattered."

...........pity really because I was hoping for a win tonight. (for Reading that is)

Re: Sheikh up at Reading FC?

Post by entomokolo »

If our Middle Eastern friends do take over, will it affect the whole of Reading. Will we, (for example), see Emir Green or Baath Road?

Typos :doh3:
Last edited by entomokolo on 19 Sep 2009 11:09, edited 1 time in total.

Re: Sheikh up at Reading FC?

Post by driftwood »

......probably only interested as there's a ready source of camels available
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