fbpx
Connect with us

English Football League

Wycombe now NOT buying Reading’s training ground despite belief that they were helping them

Wycombe Wanderers say they are now NOT buying Reading’s training ground despite initial belief that they were helping them.

The Chairboys have decided to pause discussions regarding the acquisition of Reading’s Bearwood training facility, citing apparent restrictions in planning that would only permit Reading FC to utilise the training grounds.

Wycombe had previously gone into an exclusivity agreement with the club for the purchase of the modern facility, only for it to lead to uproar and anger from fans with a protest held outside the gates of Adams Park on Friday.

CLUB STATEMENT:

Wycombe Wanderers Football Club are putting on hold provision for funding to Reading Football Club and the acquisition of the Bearwood Park training facility from its owners.

A little over a week ago, Reading Football Club announced that it was selling its training ground. Wycombe’s majority investor, Feliciana EFL Ltd, made a proposal to purchase the grounds. Many of the details were still to be worked out, including potential sharing with Reading and how to ensure a smooth transition.

Importantly, it was agreed that while the details were being finalised and due diligence carried out, Feliciana would provide sufficient financing to Reading to allow it to pay its tax obligations and operating expenses, including payroll for the staff and players.

It was Wycombe and Feliciana’s belief that they were helping Reading and professional football with the offer to assist its neighbour in a manner that had historically been used in the past by many football clubs. Indeed, Wycombe’s own training ground had been sold over a decade ago to reduce operating expenses and fund the club when the club had its own financial issues.

Wycombe Wanderers Football Club and Feliciana have to put on hold the discussions and ongoing due diligence due to seeming planning limitations allowing only Reading FC to use the training grounds.

Wycombe continues to wish its neighbours good luck in solving its issues. For its part, Wycombe will continue its search for a training ground that meets its ambitions for the Club.

This is how fans reacted as Wycombe says they are now NOT buying Reading’s training ground despite belief that they were helping them…

@Grahamfurnell89: “funding” 🤣

@arnie_rfc: Due diligence isn’t your forte clearly

@Nozzzaaaaa: Rule number one – always check the small print 🙈

@TED247: Just a normal week following reading 😂😂 bit of an over reaction tbh

@clifty04: Now wouldn’t it be funny if Readings potential takeover falls through…

@mrblthomas: I’m no property or land expert, but what I will say is that if you are going to try to purchase such an asset, you should always, always read the planning regulations #readingfc

@Readingfanman: This is very funny isn’t it. Laughable

@ajonesrfc: Lack of competence from both Wycombe and Pang on this one. Mind you, this isn’t Pang’s worst humiliation this year and there’s still nine months to go. #readingfc

@Jamie_Hodder21: Hahaha. Didn’t fancy checking planning permission then? 😂😂 #ReadingFC

@adsavory:
This is completely embarrassing from a Wycombe standpoint 🤦🏻‍♂️
– Lawyers didn’t read the small print
– Outed themselves as footballing pariahs and vultures for potentially nothing…?

@Dubstep1988: And this is why you don’t mess with a club once sponsored by Waitrose. We will look at the planning permission, we will look at small print and we will write strongly worded letters to the council. Astonishing that this wasn’t known before, it took 10mins to find. #readingfc

@Dan_RFC2006: HAHAHAHAHA maybe should have checked the planing permission before releasing statements 😂😂😂😂😂

@ANorrish1: Forgot to read the planning permission? 🤣🤣

@holly_w33: HAHAHA unlucky lads 🤣🤣

@mattlansley97: Phahahaha 😂😂 “It was Wycombe and Feliciana’s belief that they were helping Reading” – Keep telling yourself that… Vultures

@LTFCShirts: Typical Wycombe time wasting

@dingaidan_: Nobody bothered to check the planning permission 😂 just shows the incompetence of Dai and Pang and those at Wycombe. Shambles all around, good riddance #readingfc

@2Adi_P: Incredibly funny to agree a £25m purchase before making sure if you can even use the thing you’re buying

@ChezvegasRoyal: Cross comes in…no-one marking Wokingham Borough Council at the back post…and it is in!!! Great finish, but you have to ask, where was the ‘Saviours’ marking? …how did they not spot WBC sneaking in? #UTFD

@Ben_stenner15: The way it should be really. Now that we’re not purchasing this we can put the money into funding our own training ground in wycombe.

@will__sp: Jesus wept in heaven. Someone’s planning law consultant might be going for a Burton after this utter debacle…

@JamesEast16: Massive news… well done to the Fans! The training ground can only be used by Reading FC so fucking do one Wycombe!

@lHJCl: Unreal 🤣 Fingers crossed deal gets done including training ground with Sports . Com 🥲 #readingfc

@MrBlobby695550: #readingfc #wyc no worries for saving you lot. Without us outside your gate, you guys would’ve been 20m in the red with a training ground you can’t use! Say sorry!!

@cian_paris: Silly boy you are @petecouhig 😂 be careful what you wish for Wycombe fans

@Huntyroyal: Should have done their homework first & serves them right 😂 up the ding 💙🤍 #readingfc

@lines_aviation: Wokingham borough council at the back post! Feels a bit like vindication for the pit of despair we were facing last week, can’t imagine there will be any interested parties in Bearwood now, its #Readingfc through and through.

@T123Adcock: Wouldn’t speak too soon still reading fans. We need to have a take over complete before we can laugh and put this behind us, before then we still have many issues, including short fall in funds and points deductions this month. #readingfc

@AB__1871: Hahahahahahahahahahahaha get fucked

@MikeMac1977: Oh looks like the Lawers spotted the fine print in the planning

@zPhaseDx: Reputation in the mud and you don’t even have the training ground 🤣🤣🤣

Related Topics
Click to comment

You must be logged in to post a comment Login

Leave a Reply

More in English Football League