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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.

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

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