Reading - Former board member reveals all
UK time is: 19:31:44
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

Reading Vs Middlesbrough (Friday October 2 2015)

Statistical analysis on Blackman (Wednesday September 30 2015)

My Player of the month for September (Wednesday September 30 2015)

Why the new song doesn't embarrass me. (Wednesday September 30 2015)

August and September reveiw- Rankings (Monday September 28 2015)

August and September review- Strikers (Monday September 28 2015)

August and September reveiw- Wingers (Monday September 28 2015)

Archived Reading Articles

List All Vital Reading Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

League Table (view table)

Team P W D L GD Pts
1. Brighton 10 6 4 0 +6 22
2. Middlesbrough 10 6 2 2 +10 20
3. Reading 10 5 3 2 +9 18
4. Birmingham 10 5 3 2 +6 18
5. Hull City 10 5 3 2 +6 18
6. Burnley 10 5 3 2 +3 18
7. Derby County 10 4 5 1 +5 17

Reading Fixtures (view all)

Breaking League News

LUFC Taylor wins monthly award
Leeds Utd : 06/10/2015 19:16:01
Leon's Best Not Good Enough
Huddersfield : 06/10/2015 17:41:01
Stephens Delight As Albion Hope For LuaLua Boost
Brighton : 06/10/2015 16:59:01
RUFC - Black Has Full Week Planned For Players
Rotherham : 06/10/2015 15:38:01
Wednesday Winger Wallace Scoops PFA Award
Sheff Wed : 06/10/2015 14:26:00

Current Site Poll (view all polls)

What Striker do you want to see here?
Suggested By:  
Dom Solanke 4%
Lewis Grabban 14%
Jamie Mackie 18%
Carlton Cole 8%
Nahki Wells 56%