EFL - Reading FC - Put their Training Ground Up for Sale

EFL - Reading FC - Put their training ground up for sale.

Reading FC - Chinese owner Dai Yongge has said he is looking to sell the clubs
training ground at Bearwood Park.
Yongge said he was " evaluating every option ", to secure funding until new
ownership was confirmed of Reading FC, saying " open to the sale of Bearwood
Park, should an appropriate offer be received ".

Yongge is after selling Reading FC, & as been contacted by " seven or eight bidders ".

Dai Yongge & his sister Dai Xiuli bought Reading FC in 2017, with the pair being one
of Northern China's wealthiest families.
The families firm Renhe Commercial Holdings was a business empire built by developing
underground air-raid shelters into shopping malls.
By building this way helped the firm legally avoid regulations & taxes, applied to retail
developments above ground, by 2016 they had 23 malls.

Dai Xiuli gifted her share of the clubs ownership to Dai Yongge, with Dai Yongge said
to have invested over £200m into the club.

Reading FC financial losses showed £146m in 5 years to June 2022.

Reading FC have issued £82m worth of shares, since the club takeover by the family.

* Dai Yongge & his sister Dai Xiuli tried to buy Hull City FC in 2017, before buying
Reading FC in May 2017.

It’s a bit far for us to travel for training? Pity.

Quote:

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Originally Posted by Ericsladkilnhurst

EFL - Reading FC - Put their training ground up for sale.

Reading FC - Chinese owner Dai Yongge has said he is looking to sell the clubs
training ground at Bearwood Park.
Yongge said he was " evaluating every option ", to secure funding until new
ownership was confirmed of Reading FC, saying " open to the sale of Bearwood
Park, should an appropriate offer be received ".

Yongge is after selling Reading FC, & as been contacted by " seven or eight bidders ".

Dai Yongge & his sister Dai Xiuli bought Reading FC in 2017, with the pair being one
of Northern China's wealthiest families.
The families firm Renhe Commercial Holdings was a business empire built by developing
underground air-raid shelters into shopping malls.
By building this way helped the firm legally avoid regulations & taxes, applied to retail
developments above ground, by 2016 they had 23 malls.

Dai Xiuli gifted her share of the clubs ownership to Dai Yongge, with Dai Yongge said
to have invested over £200m into the club.

Reading FC financial losses showed £146m in 5 years to June 2022.

Reading FC have issued £82m worth of shares, since the club takeover by the family.

* Dai Yongge & his sister Dai Xiuli tried to buy Hull City FC in 2017, before buying
Reading FC in May 2017.

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Sounds very similar to the Weds set up and investments over the years. Not right good these far East folk at trying to enter the English game.

It makes you wonder how we as a club would have turned out if someone pumped that amount of money into us, with the right management of course.

Reading FC confirm they are in talks with Wycombe Wanderers FC, to buy their £50m
Bearwood Park training ground.
Reading moved to the training ground in 2019, with the 1st team, academy & Women's
sides using the facilities.
Bearwood Park is set in 120 acres, with 3 full size pitches, a floodlit artificial 3G pitch,
goal keeping practice areas, 1st team & academy team building facility.

Quote:

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Originally Posted by Ericsladkilnhurst

Reading FC confirm they are in talks with Wycombe Wanderers FC, to buy their £50m
Bearwood Park training ground.
Reading moved to the training ground in 2019, with the 1st team, academy & Women's
sides using the facilities.
Bearwood Park is set in 120 acres, with 3 full size pitches, a floodlit artificial 3G pitch,
goal keeping practice areas, 1st team & academy team building facility.

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22 million spouted about on FB / X

Quote:

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Originally Posted by Ericsladkilnhurst

Reading FC confirm they are in talks with Wycombe Wanderers FC, to buy their £50m
Bearwood Park training ground.
Reading moved to the training ground in 2019, with the 1st team, academy & Women's
sides using the facilities.
Bearwood Park is set in 120 acres, with 3 full size pitches, a floodlit artificial 3G pitch,
goal keeping practice areas, 1st team & academy team building facility.

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Wether it’s £50 mill or £22 mill as stated above you have to wonder where Wycombe are getting the money from.

Quote:

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Originally Posted by caytonmiller

22 million spouted about on FB / X

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I kept with the original valuation of the training ground.

Is the £22m spouted a price offered Caytonmiller.

Quote:

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Originally Posted by crookadile

Wether it’s £50 mill or £22 mill as stated above you have to wonder where Wycombe are getting the money from.

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American lawyer Rob Couhig holds 90% of the shares of Wycombe Wanderers, under Feliciana EFL Ltd.

Wycombe Wanderers Supporters Group Ltd hold 10% of the shares.

The ground Adams Park was left in a legacy by former owner Frank Adams to the fans, so it can not be
sold without permission of the Frank Adams Legacy Board

So the money coming from the American Lawyer Rob Couhig.

Couhig said in July 2023, that he would sell his shares within 4 years of Wycombe Wanderers FC

The £50m amount is what the training ground has cost to build.

Statement - Reading spent approximately £50m on the facility, which first opened in 2019.

A sale to be completed, no figures have been confirmed, but rumoured around £20m - £25m

Quote:

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Originally Posted by Ericsladkilnhurst

The £50m amount is what the training ground has cost to build.

Statement - Reading spent approximately £50m on the facility, which first opened in 2019.

A sale to be completed, no figures have been confirmed, but rumoured around £20m - £25m

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I would image land value is a good chunk of that. £50m is a lot of money to have spent on just the pitches/buildings/lights...