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

Best of Vital Network

Vital F1 - Blog: Spa Preview

Login to post a comment

Recent Reading Articles

League Cup Ball Numbers Known (24/8/16)

With the second round ties now all but done and dusted, clubs have been allocated ball numbers for the League Cup third round draw later this evening.

League Cup Round 3 Draw Wednesday Evening

The draw for round three of this year's League Cup competition will take place at around 9.45-10pm on Wednesday evening following the Accrington Stanley v Burnley tie.

Liam Moore finally arrives

Signing number ten

Sandro Wieser signs

Signing number nine

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

thurlow97
Editor email
Profile
Josh
no email
Profile

Current Poll (see more polls)

What Striker do you want to see here?
Suggested By:
Dom Solanke10%
Lewis Grabban8%
Jamie Mackie10%
Carlton Cole 7%
Nahki Wells65%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Huddersfield 4 3 1 0 10 3
2 Brighton 4 2 2 0 8 6
3 Wolves 4 2 2 0 8 4
4 Norwich 4 2 2 0 8 4
5 Fulham 4 2 2 0 8 2
6 Q.P.R. 4 2 0 2 6 2
7 Newcastle 4 2 0 2 6 2
8 Brentford 4 2 0 2 6 1
9 Barnsley 4 2 0 2 6 0
10 Bristol City 4 2 0 2 6 0
11 Forest 4 2 0 2 6 -2
12 Aston Villa 4 1 2 1 5 2
13 Ipswich 4 1 2 1 5 0
14 Birmingham 4 1 2 1 5 -1
15 Cardiff 4 1 2 1 5 -1
16 Derby County 4 1 2 1 5 -1
17 Wigan 4 1 1 2 4 1
18 Burton 4 1 1 2 4 0
19 Leeds Utd 4 1 1 2 4 -2
20 Sheff Wed 4 1 1 2 4 -3
21 Reading 4 1 1 2 4 -4
22 Rotherham 4 1 1 2 4 -5
23 Preston 4 1 0 3 3 -1
24 Blackburn 4 0 1 3 1 -7
Latest F1 News
Latest Vital Boxing News

Recent Reading Results (view all)