Vital Football

Latest Reading FC News

Former board member reveals all

Former board member reveals all

Former board member Chris Samuelson certainly had some interesting things to say in a recent interview, where he lifted the lid on the financial troubles at the club.

You can read the full interview on here on the BBC, but here are just some of Samuelson's quotes from the interview on BBC Berkshire: 'Reading chairman Sir John Madejski has handed power over to the lender. I hope the lender realises that the value of this club is little more than the deficit today when you consider all the parameters.'

'I'm aware of one party who are producing proof of funds as we speak. They have submitted an offer with a timescale of it to be done very fast. They are an investment company and have substantially deep pockets. They have offered to clear the debt, buy the hotel and invest in the team so they can challenge for promotion.'


Commenting on Zingarevich's role, he said: 'Anton is very disappointed. He is still a big supporter of Reading Football Club. It did not get any extra investment from Anton Zingarevich which had originally been expected. The only way to bolster the team was to borrow money. Loans were arranged and secured on Premier League payments.'

Very revealing quotes, but does this leave us with more questions than answers? Who is this consortium reportedly close, as it seems it is not Burman's? Is Samuelson involved in this consortium somehow, especially as he is talking them up? Can we believe every word that is coming out of Samuelson's mouth? I'm not too sure at the moment.

I'm not prepared to call Samuelson a liar - at the end of the day, he is no longer affiliated with the club, for the time being anyway. The only positive we can take from this is that a deal is in an advanced stage at this point and should hopefully be on course to be in place before pre-season, which is vital for improving the playing squad.

Join The Vital Debate



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

Writer:Josh
Date:Saturday June 7 2014
Time: 9:00AM

Login to post a comment

Best of Vital Network

Recent Reading Articles

Talking points after Sunderland

We look at the main talking points following a bitter-sweet draw with Sunderland on Saturday.

Player Ratings - Preston (H)

As our rebirth under Paul Clement continues with another hard-fought home win against Preston, we take a look at the players' ratings from the victory on Saturday.

Who will replace Stam? - The candidates

Now Stam is finally out the door, the looming question is who is going to save us and get us out of this mess? We assess 12 of the potential candidates for the Royals hot seat

Stam gone - so what next?!

The surprising news came through this morning that Jaap Stam has finally left the Royals, due to our dreadful form of one win in 19 games - but what's next with eight games to play?

Reading Archived Articles

Vital Reading articles from

Site Journalists

Write for Vital Reading
Write For Vital Reading
Apply Here

Current Poll (see more polls)

Wolves MotM
Suggested By: Site Staff
Jaakkola0%
Gunter0%
Ilori0%
Moore0%
Blackett0%
Edwards0%
Evans0%
Clement0%
Aluko0%
Bodvarsson0%
Barrow100%
Sub - Bacuna0%
Sub - Smith0%
ScoopDragon Publishing Entire League Network of Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Reading Results (view all)

Reading Fixtures

The Vital Football Members League