UK time is: 14:04:17
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Josh  Mail feedback, articles or suggestions

Date:Saturday June 7 2014

Time: 9:00AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Reading Articles

The Championship 2014/15 - Bolton (Thursday July 24 2014)

Another player set for injury lay-off (Wednesday July 23 2014)

The Championship 2014/15 - Blackpool (Wednesday July 23 2014)

Former Royals striker retires (Tuesday July 22 2014)

Adkins gives Yeovil assessment (Sunday July 20 2014)

New club captain announced (Sunday July 20 2014)

Royals draw in second friendly (Saturday July 19 2014)

Archived Reading Articles

List All Vital Reading Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
16. Middlesbrough 0 0 0 0 0 0
17. Millwall 0 0 0 0 0 0
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0

Breaking League News

The Championship 2014/15 - Bolton
Reading : 24/07/2014 13:51:00
OFFICIAL: Keith Andrews Signs
Watford : 24/07/2014 13:43:00
Nothing Ventured Nothing Gained
Ipswich : 24/07/2014 13:23:00
Vital Birmingham Launch Fantasy League
Birmingham : 24/07/2014 11:30:00
Redmond Still In Demand
Norwich : 24/07/2014 10:28:00

Current Site Poll (view all polls)

What area do we need to strengthen most?
Suggested By:  Josh
Goalkeeper 8%
Defence 6%
Midfield 13%
Attack 73%