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

Best of Vital Network

Vital Boxing - Staged or Real?

Recent Reading Articles

Samuel Interesting Hull And Bournemouth

Hull and Bournemouth have reportedly shown interest in Dominic Samuel, who has got his first-team chance with Reading this season after previous loans with Coventry and Gillingham.

Stam's Delight At Manchester United Draw

Reading were handed an FA Cup third round tie against Manchester United when the draw was made on Monday. This means Jaap Stam will return to Old Trafford, not that he knew it!

Brighton Away Now On Sky Sports

It has been announced that Sky Sports have selected a Reading game as the trip to the Amex Stadium for the meeting with Brighton has been picked up for television treatment.

Royals Linked With Brentford Striker

Reading are being linked with a January move for Brentford's in-form former Rochdale striker Scott Hogan.

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

Write for Vital Reading
Write For Vital Reading
Apply Here

Current Poll (see more polls)

Fulham MotM
Suggested By:
Al Habsi56%
Gunter22%
McShane0%
van den Berg0%
Blackett0%
Evans0%
Williams0%
Beerens11%
McCleary0%
Obita0%
Samuel0%
Sub - Kelly11%
Sub - Meite0%
Sub - Harriott0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 19 13 1 5 40 21
2 Brighton 19 11 6 2 39 17
3 Reading 19 10 4 5 34 1
4 Leeds Utd 19 10 2 7 32 3
5 Birmingham 19 8 7 4 31 2
6 Sheff Wed 19 9 4 6 31 1
7 Norwich 19 9 3 7 30 4
8 Huddersfield 19 9 3 7 30 -3
9 Derby County 19 8 5 6 29 4
10 Fulham 19 7 7 5 28 9
11 Bristol City 19 8 3 8 27 4
12 Barnsley 19 7 4 8 25 3
13 Forest 19 7 4 8 25 1
14 Preston 19 7 4 8 25 1
15 Aston Villa 19 5 10 4 25 1
16 Ipswich 19 6 6 7 24 -2
17 Q.P.R. 19 6 5 8 23 -8
18 Brentford 19 6 4 9 22 -2
19 Burton 19 5 7 7 22 -4
20 Wolves 19 5 6 8 21 -3
21 Blackburn 19 5 5 9 20 -7
22 Cardiff 19 5 4 10 19 -12
23 Wigan 19 4 6 9 18 -5
24 Rotherham 19 1 4 14 7 -26
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Reading Results (view all)

Reading Fixtures (view all)

Dec 10 2016 3:00PM : Sheffield Wednesday (H)
Sky Bet Championship
Dec 13 2016 7:45PM : Leeds United (a)
Sky Bet Championship
Dec 17 2016 3:00PM : Blackburn Rovers (a)
Sky Bet Championship
Dec 26 2016 3:00PM : Norwich City (H)
Sky Bet Championship
Dec 30 2016 8:00PM : Fulham (H)
Sky Bet Championship
Jan 2 2017 3:00PM : Bristol City (a)
Sky Bet Championship
Vital Football Comment