Vital Football

Latest Reading FC News

Chairman releases statement concerning takeover

Chairman releases statement concerning takeover

Royals chairman Sir John Madejski has released a long statement concerning the takeover of Reading Football Club and what his opinion is if the deal was to be completed with Thames Sport Investments.

The 70-year old will still remain Chairman of the club until 2014, once the takeover is fully completed and will become Life President of the club when he feels the time is right to step down as his 22 year role as Chairman of RFC.

The full statement can be found at readingfc.co.uk, but parts of the statement are as follows:

'It's a great day for me, a great day for Reading Football Club and a great day for everyone. At the moment we're doing due dilligence and Heads of Agreement have been signed. It's not a deal until it's done, and it won't be a deal until the end of March. Hopefully everything will be fine - but that is the bottom line.'

'In the meantime, as a leap of faith I guess you could say, they will provide funds to strengthen the squad during this window of opportunity - which they are going to take. There won't be anything done irresponsibly, or stupidly.'

'Overall this means long term stability, and it means going forward with an opportunity of building. It means we carry on as we are, there's no fundamental change, the ethos and way we do things at Reading will continue in the same spirit and same way.'

'We're very proud of our reputation here at Reading, we've got a great manager, a great staff on and off the pitch, and a great squad of players which will no doubt be strengthened before the end of January. As I say there will be money immediately available to strengthen the squad before the end of the month.'

'The club will still remain with its same ideology and principles. And it won't be a question of just throwing money at the club - that's not going to happen. It's going to be done in a prudent, sensible way - the Reading way. That is why they were attracted to this club - they could see it as a well-run club, which means a lot to them.'

'I am delighted, I have always said I will take the club as far as I can and stay Chairman as long as necessary. I'm delighted to say the new shareholders share the ambition the club has, they want to me to continue as Chairman for two more years at least, therefore there is no change at all. I can still be the proud Chairman of Reading Football Club, the fourth oldest club in the Football League.'


Join The Vital Debate



Click here to join in the debate on the club forum.

Writer:Josh
Date:Monday January 23 2012
Time: 1:29PM

Login to post a comment

Recent Reading Articles

Reading host promotion hopefuls- Preview

Reading host Burnley on Saturday, hoping to get their season back on track.

Burnley are currently the form side in the league and are looking good for promotion.

It really does feel a lo

Three things I learnt from Wolves

Reflection on Saturday

Reading 0-0 Wolves- Player Ratings

Player Rating

Stats: Reading v Wolves

All the stats from Reading (0) vs (0) Wolves, Madejski Stadium, 6th February Att:

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

thurlow97
Profile
Josh
Profile

Current Poll (see more polls)

What Striker do you want to see here?
Suggested By:
Dom Solanke12%
Lewis Grabban10%
Jamie Mackie14%
Carlton Cole 8%
Nahki Wells56%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Hull City 30 18 5 7 59 28
2 Middlesbrough 29 17 6 6 57 23
3 Burnley 31 15 11 5 56 22
4 Brighton 30 15 11 4 56 10
5 Sheff Wed 31 14 11 6 53 16
6 Derby County 31 13 12 6 51 13
7 Birmingham 31 13 9 9 48 8
8 Ipswich 31 13 9 9 48 1
9 Cardiff 31 11 13 7 46 5
10 Forest 31 10 12 9 42 4
11 Preston 31 10 12 9 42 0
12 Wolves 31 10 10 11 40 -2
13 Brentford 31 11 7 13 40 -6
14 Q.P.R. 31 9 12 10 39 -1
15 Reading 31 9 10 12 37 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 31 9 8 14 35 -2
18 Fulham 30 7 11 12 32 -3
19 Blackburn 29 6 13 10 31 -2
20 MK Dons 31 8 7 16 31 -17
21 Bristol City 31 7 10 14 31 -21
22 Rotherham 31 7 5 19 26 -19
23 Charlton 31 5 10 16 25 -30
24 Bolton 31 4 12 15 24 -22
Latest F1 News
Latest Vital Boxing News

Reading Fixtures (view all)

Feb 20 2016 3:00PM : Middlesbrough (a)
Sky Bet Championship
Feb 20 2016 3:00PM : West Bromwich Albion (H)
FA Cup
Feb 23 2016 8:00PM : Rotherham United (H)
Sky Bet Championship
Feb 27 2016 3:00PM : Charlton Athletic (a)
Sky Bet Championship
Mar 5 2016 3:00PM : Fulham (H)
Sky Bet Championship
Mar 8 2016 7:45PM : Huddersfield Town (a)
Sky Bet Championship

Recent Reading Results (view all)