daib0
New Member
TSI have said in a statement:
"Thames Sports Investment Ltd, a newly-founded private investment company, are very pleased to have signed Heads of Agreement with Sir John Madejski on Friday to acquire a significant holding in Reading Football Club. Our agreement is now subject to due diligence and the normal procedures from the Football League. The transaction is due to complete in March 2012, but the Heads of Agreement, as agreed with Sir John Madejski, includes providing Reading Football Club with some limited funding now to enable Brian McDermott and Nick Hammond to strengthen the playing squad during this January transfer window. TSI have met with Brian, Nick Hammond and the club to begin this process. TSI is also delighted that Sir John Madejski has agreed to remain Chairman of Reading Football Club until at least 2014, and to become Life President if and when he decides to step down. TSI wishes to emphasise that Reading Football Club's management team will remain unchanged, as will the fundamental policies of the club, including prudent fiscal management. Since Sir John Madejski took over at Elm Park in 1991 this club has rightly earned a first class reputation, on and off the pitch. TSI value and respect the ethos and approach held by everyone associated with Reading - the Chairman, staff, players and supporters. TSI's financial support aims to allow the club to retain its best players and acquire additional players as the football management team see fit. It will also enable the club to expand and further improve its successful Academy and scouting operations."
Views??
Is there danger of a Chelski, or 'Readingski' here do you think?
Are these foreign deals hampering the English game, especially at Championship level (apart from obviously the premier)?
"Thames Sports Investment Ltd, a newly-founded private investment company, are very pleased to have signed Heads of Agreement with Sir John Madejski on Friday to acquire a significant holding in Reading Football Club. Our agreement is now subject to due diligence and the normal procedures from the Football League. The transaction is due to complete in March 2012, but the Heads of Agreement, as agreed with Sir John Madejski, includes providing Reading Football Club with some limited funding now to enable Brian McDermott and Nick Hammond to strengthen the playing squad during this January transfer window. TSI have met with Brian, Nick Hammond and the club to begin this process. TSI is also delighted that Sir John Madejski has agreed to remain Chairman of Reading Football Club until at least 2014, and to become Life President if and when he decides to step down. TSI wishes to emphasise that Reading Football Club's management team will remain unchanged, as will the fundamental policies of the club, including prudent fiscal management. Since Sir John Madejski took over at Elm Park in 1991 this club has rightly earned a first class reputation, on and off the pitch. TSI value and respect the ethos and approach held by everyone associated with Reading - the Chairman, staff, players and supporters. TSI's financial support aims to allow the club to retain its best players and acquire additional players as the football management team see fit. It will also enable the club to expand and further improve its successful Academy and scouting operations."
Views??
Is there danger of a Chelski, or 'Readingski' here do you think?
Are these foreign deals hampering the English game, especially at Championship level (apart from obviously the premier)?
