4LEX
Well-known member
Is he wanting the ground, training facilities etc for other use, ie housing? I'm trying to see what the angle is
Or does he just have so much money that he doesn't care? Has someone at Reading upset him and this is his revenge?
He claims to want to sell everything together but is asking for 70-80m which is laughable for a League One club.
The training ground is in a very exclusive part of Reading (near to Bearwood Lakes) and would be worth a fortune if used as residental property. However he invested over £50m in building it and it's top end of the Premier League standard. It houses all the different age group teams and is why Reading are the only club in the bottom two leagues to have a Category One academy.
All his money is based in China and since he breached FFP rules and China made it difficult to move funds outside the country, he's lost interest. He's apparently been ignoring offers and pulled the plug financially. The worrying thing is the previous two clubs he owned followed a similar pattern and don't exist anymore. He invested over £250m and unless he can reclaim a decent amount, it would appear his ego is quite happy to see the club go to the wall.