loy ▁intended ▁to ▁alter ▁the ▁council ' s ▁line ▁regarding ▁a ▁new ▁stad ium ▁in ▁Oxford . ▁ ▁Meanwhile , ▁efforts ▁to ▁stop ▁the ▁mer ger ▁were ▁stepped ▁up ▁at ▁Reading ▁by ▁Roger ▁S mee , ▁a ▁former ▁Reading ▁player , ▁born ▁and ▁raised ▁in ▁the ▁town , ▁who ▁had ▁become ▁a ▁million aire ▁in ▁the ▁construction ▁industry . ▁S mee , ▁who ▁strongly ▁opposed ▁the ▁mer ger ▁plan , ▁had ▁read ▁the ▁club ' s ▁accounts ▁the ▁previous ▁year , ▁and ▁so ▁was ▁aware ▁of ▁how ▁the ▁team ' s ▁stock ▁was ▁allocated . ▁He ▁knew ▁that ▁W aller ▁and ▁his ▁board room ▁al lies , ▁Les lie ▁Dav ies ▁and ▁John ▁Brig gs , ▁had ▁not ▁held ▁a ▁cont rolling ▁interest ▁in ▁the ▁club ▁in ▁ 1 9 8 2 ▁and ▁that ▁a ▁large ▁number ▁of ▁Reading ▁shares ▁had ▁then ▁been ▁noted ▁as ▁un iss ued . ▁His ▁interest ▁was ▁therefore ▁pi qu ed ▁when ▁the ▁Th ames ▁Valley ▁Roy als ▁deal ▁was ▁declared ▁" ir rev oc able " ▁on ▁the ▁basis ▁that ▁W aller ' s ▁fa ction ▁controlled ▁the ▁majority ▁of ▁the ▁shares ▁in ▁Reading . ▁" A ▁year ▁ago ▁they ▁didn ' t ▁have ▁a ▁majority ," ▁S mee ▁later ▁said , ▁" so ▁how ▁on ▁earth ▁have ▁they ▁issued ▁these ▁shares ▁to ▁themselves ▁while ▁Reading ▁was ▁a ▁public ▁company ? ▁That ▁would ▁be ▁against ▁the ▁law ." ▁S mee ▁contact ed ▁Roy ▁T ran ter , ▁a ▁director ▁at ▁Reading ▁who ▁opposed ▁the ▁mer ger ,