Reading hit with winding-up petition by former chief executive

[Extended-Phenotype]

Done some reading, yeah, there’s something potentially serious in here.

In Reading FC’s case, Mr Howe has reportedly obtained a County Court Judgment claiming he’s owed almost £100,000. This CCJ is a critical step — it proves the debt exists in the eyes of the law, making it much easier to justify a winding-up petition.

Once a petition is issued, the company has just seven days before it’s advertised in The Gazette. After advertisement, the company’s bank accounts are typically frozen, making it virtually impossible to trade. A court hearing follows roughly four to eight weeks later, where a judge will decide whether to wind up the company.

Sigh. Well, I presume Couhig would sooner pay up this relatively small fee than have the accounts frozen for a couple of months.

[WestYorksRoyal]

I guess the question is which company hired him to make the sale? Obviously it was Dai and Pang's decision, but if the contract was with RFC then surely we have to pay him?

Whereas if it's a Dai HoldCo, good luck

[Snowflake Royal]

I guess the question is which company hired him to make the sale? Obviously it was Dai and Pang's decision, but if the contract was with RFC then surely we have to pay him?

Whereas if it's a Dai HoldCo, good luck

Also, Couhig would presumably have an argument that Howe didn't actually facilitate the sale, he helped try to squash it only for Dai to lose in Court.

[Extended-Phenotype]

Sorry if I missed it; what exactly is Howe owed money for?

[windermereROYAL]

Sorry if I missed it; what exactly is Howe owed money for?

For overseeing the takeover process.

[Extended-Phenotype]

Sorry if I missed it; what exactly is Howe owed money for?

For overseeing the takeover process.

He wants to get paid for that?

[AthleticoSpizz]

Don’t suppose it was an ultimate privilege tbf

[Sutekh]

Finally, tried to get a grip on just how many of these we have had …

Two from HMRC in 2023
One from agency, Skelland Brown, 2025

Also 2020, 2017, 2017 - all Player Agent firms

What’s the record, is there another in there we could claim?

[stealthpapes]

I guess the question is which company hired him to make the sale? Obviously it was Dai and Pang's decision, but if the contract was with RFC then surely we have to pay him?

Whereas if it's a Dai HoldCo, good luck

Also, Couhig would presumably have an argument that Howe didn't actually facilitate the sale, he helped try to squash it only for Dai to lose in Court.

If the original Telegraph article is correct, then we’re already past the questions of who might owe what debt to who.

[Snowflake Royal]

I guess the question is which company hired him to make the sale? Obviously it was Dai and Pang's decision, but if the contract was with RFC then surely we have to pay him?

Whereas if it's a Dai HoldCo, good luck

Also, Couhig would presumably have an argument that Howe didn't actually facilitate the sale, he helped try to squash it only for Dai to lose in Court.

If the original Telegraph article is correct, then we’re already past the questions of who might owe what debt to who.

You'd expect the club to have fought the CCJ, but its not unheard of for them to be wrong.

[stealthpapes]

yeah, and what particularly worries me here is that there's a fundamental disagreement about the debt. My limited knowledge is that really narrows down the options available, particularly as this is all against a ticking clock, the week before Christmas.

[WestYorksRoyal]

yeah, and what particularly worries me here is that there's a fundamental disagreement about the debt. My limited knowledge is that really narrows down the options available, particularly as this is all against a ticking clock, the week before Christmas.

There is zero chance this turns into anything serious. Couhig is a stubborn bastard, but even he would not let an asset he's paid >£20m to get liquidated over a £100k dispute.

[Snowflake Royal]

Would have guessed £90k odd would be above the limit for a CCJ personally, but no experience at that level of money.