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Looks like HMRC have issued a Winding Up Order against Reading today.
Meanwhile, the Sheffield Wednesday chairman has suggested that 20,000 fans each cough up £100 to cover player wages and a HMRC bill.
Reading winding up order confirmed: https://www.bbc.co.uk/sport/football/67272618
wasn't that long ago it was us in the HMRC bad books constantly
Who owns reading these days
Very good article last week in the the mail on Reading (think it was last week!) Madjeski sold to Russians who in turn sold to Chinese who have gone AWOL. Demo last Sat with some of the same guys and girls who demoed against Maxwell all those years ago when he was threatening Thames Valley to grow out of Reading + Oxford! Sad story.
Really needs our resident Welsh Reading fan to come and explain all to us.
I asked because the bbc story said the owner was called Dai Yongge which sounds scarily like one of our fans taking the Mickey
Sorry if it sounds a bit pedantic , but no Winding Up Order has been confirmed. This is confirmation of a Winding Up Petition which is an application for the court to make such an order on a future court hearing date.
Unfortunately for Reading , with their recent record of similar petitions by HMRC. the insolvency court is unlikely to grant them a stay in the proceedings , so they almost certainly need to pay off HMRC or reach an agreement to pay before the court hearing.
If Liverpool , United or Spurs etc were docked 15 points and got relegated I would 😂
But Reading , Sheffield Wednesday no
Things went very badly downhill when Madejski sold up to Zingarevich around 2012. We won promotion to the PL but the Russian had seemingly no money and sold up to a Thai consortium. They didn't spend much and grabbed the land surrounding the stadium and did pretty well out of it.
They then sold to Dai Yongge and his sister. This fool spent tens of millions on crap players with huge wages. Hopeleas managers and were appointed and our decline set in. The rest as they say..
I fully expect us to go into admin and pick up a huge points deduction with Ashley then buying us at a knockdown price.
We will be in League Two next season and still under a transfer embargo.
I have pretty much given up.