by Row Z Royal »
24 Aug 2011 13:04
roadrunner The Beeny Right now, with a sound platform from which to build, a prospective investor will see a great deal of added value to come from Reading FC. Rather than spend over the odds initially on a mid-table Premier League team, buy a club with good foundation for growth, just like that bent Thai bloke did with Leicester, and push on from there.
But a lot of clubs that get bought out are in financial difficulties and cheap to pick up. Madejski wants/wanted something like £100m even at this level and we're not worth that. We're not worth half that! Who on earth will come in and pay that when they can wait for a Cardiff to struggle, pay £1 and have a club with the new stadium and facilities etc..?
Plucking numbers out of the air, as is the fashion, but what's the difference between picking up a club for a statutory £1 and taking ownership of £50m debts + liabilities and picking up a virtually debt free club with soundly forecasted liabilities for £50m?
What I'm saying is, we're a good business already so that hard work doesn't need to be done. If the right offer came in from the right person (in Madejski's eyes) then that would be that.