Monday, May 26, 2014

I'll Buy That For A $1.60

((HT: ProSoccerTalk/Bonn))

The first thing that popped into the HQ's collective head when we saw the headline was this:
((HT: Orion Pictures))

But, it now comes forward that the former Premier League club Reading is now up for sale for a pound, but there's a catch...

And that's where the HQ lost interest and couldn't handle it with our coffers.
You have to assume the debt which is either 38-million pounds or $64-million. Majority owner Anton Zingarevich is putting up his 51-percent share that also includes paying a 3.2-million pound tax bill to Her Majesty's Revenue and Customs (HMRC) pretty quickly.

Reading was relegated from the Premier League after the 12-13 season

They finished just out of the Championship playoff play-in this last season with 71 points and a 7th-place wrap in the table.

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