Reading doing well financially???
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Reading doing well financially???
Just released their accounts, some headlines
Operating losses £43m
Wages 211% of revenue
Total accumulated losses £138m
Borrowings £87m
Furlough income £820k
Player signings £16m
Ave weekly wage £17,460
Operating losses £43m
Wages 211% of revenue
Total accumulated losses £138m
Borrowings £87m
Furlough income £820k
Player signings £16m
Ave weekly wage £17,460
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Re: Reading doing well financially???
Any business running with over 100m in losses and a wage bill at 211% of its income should be applauded for showing ambition
This user liked this post: brunlea99
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Re: Reading doing well financially???
YEah - but I bet they didn't wast time accumulating cash, did they? Unlike our unambitious previous board, with their incredible results, and premier league football.
We should be more Reading...... or Brentford.....
Apparently.
We should be more Reading...... or Brentford.....
Apparently.
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Re: Reading doing well financially???
We should help them out by take Olise off their hands.
Liam Moore and Ejaria aren’t half bad either.
Liam Moore and Ejaria aren’t half bad either.
Re: Reading doing well financially???
Would they take a pay cut?Hedontplayforyou wrote: ↑Wed Apr 14, 2021 10:54 amWe should help them out by take Olise off their hands.
Liam Moore and Ejaria aren’t half bad either.
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Re: Reading doing well financially???
You would think that an owner who could subsidise his club to the extent of £120m in a year, would have been better spending the money cash down an a profitable oven-ready PL club further north.
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Re: Reading doing well financially???
There’s a number of players we should be interested in,
Olise, Meite, joao, Esteves, ejaria
Olise, Meite, joao, Esteves, ejaria
Re: Reading doing well financially???
The auditors aren't too confident:
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Re: Reading doing well financially???
Chinese owners, struggling back home where their club has been kicked out of the Chinese Super League (poor financial management), such financials will only create further problems at home - I have been posting about them and Chinese owners for some time on the MMT thread
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Re: Reading doing well financially???
I have mentioned several times over the past couple of seasons that Reading appear to discover and develop some talented players that we should be looking at .This is in the light now of them missing out on a playoff place racking up hugh losses ,they will have too sell to balance the books
Re: Reading doing well financially???
There will be tears!
Mr Madjeski will be shedding some.
Mr Madjeski will be shedding some.
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Re: Reading doing well financially???
Plenty of money left for some biscuits.
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Re: Reading doing well financially???
@SwissRamble has dissected those Reading 2019/20 financial results
https://twitter.com/SwissRamble/status/ ... 2549814274
and also produced his summary sheets
https://twitter.com/SwissRamble/status/ ... 8256886787
https://twitter.com/SwissRamble/status/ ... 2549814274
and also produced his summary sheets
https://twitter.com/SwissRamble/status/ ... 8256886787
Re: Reading doing well financially???
Reading was famous for Huntley & Palmer's biscuits, Simonds Brewery (later Courage) and Sutton's Seeds.
The football blub was nicknamed the Biscuitmen.
Nothing of those industries there now.
Team now the 'Royals' as it is in Royal Berkshire.
Takes the biscuit!
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Re: Reading doing well financially???
were we not known as the royals before them?, because of our history of firsts in regards to Royal family members watching football matches including that FA cup win in front of a presiding monarch?IanMcL wrote: ↑Thu Apr 15, 2021 4:33 pmReading was famous for Huntley & Palmer's biscuits, Simonds Brewery (later Courage) and Sutton's Seeds.
The football blub was nicknamed the Biscuitmen.
Nothing of those industries there now.
Team now the 'Royals' as it is in Royal Berkshire.
Takes the biscuit!
Re: Reading doing well financially???
Ill have to do some reading into it
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Re: Reading doing well financially???
After reading the headlines of their accounts, they are certainly taking the something, and it’s not biscuits that spring to mind. FFP?
Re: Reading doing well financially???
I never heard it until after the closure of H&P and they were deciding what to be called.Chester Perry wrote: ↑Thu Apr 15, 2021 4:37 pmwere we not known as the royals before them?, because of our history of firsts in regards to Royal family members watching football matches including that FA cup win in front of a presiding monarch?
Are you from Reading too then?
I grew up in Southcote Lane.
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Re: Reading doing well financially???
The Royalites... after 1886, future King George V (?) visit for the turning on of the first floodlit match against Bolton, if memory serves... of the history not of the events I might addChester Perry wrote: ↑Thu Apr 15, 2021 4:37 pmwere we not known as the royals before them?, because of our history of firsts in regards to Royal family members watching football matches including that FA cup win in front of a presiding monarch?
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Re: Reading doing well financially???
Why the we and the our?
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Re: Reading doing well financially???
Ah. Thought you were referring to Reading FC .
No one ever heard of the Royalites as you can imagine. Sounds very early football!
No one ever heard of the Royalites as you can imagine. Sounds very early football!
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Re: Reading doing well financially???
As people with any knowledge of our history would knowChester Perry wrote: ↑Thu Apr 15, 2021 10:32 pmvery early (1890) before the likes of Liverpool and Manchester United were formed let alone had joined the Football League
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Re: Reading doing well financially???
it is always good to broaden the knowledge Tony
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Re: Reading doing well financially???
Any club with huge debt can just go into administration, get 10 points deducted and then carry on as they were. It is a joke but it is what it is. Basically do as you want.
Re: Reading doing well financially???
Somebody should have told Bury that if it was always that simple.thelaughingclaret wrote: ↑Fri Apr 16, 2021 12:41 amAny club with huge debt can just go into administration, get 10 points deducted and then carry on as they were. It is a joke but it is what it is. Basically do as you want.
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Re: Reading doing well financially???
Venue of a couple of memorable games for the Clarets recently:
Firstly the play off win with the screamer from Paterson followed shortly by Thompson's equally spectacular effort. You're just a **** Neil Warnock.
Secondly the Ben Mee block tackle with his head whilst prone in the 6 yard box
Thirdly the last game of the 2014 season, the promotion celebrations in the away end and the premature pitch invasion by "celebrating" Reading fans, only to discover they had missed out on the play offs. You're not going up, you're not going up.....
Firstly the play off win with the screamer from Paterson followed shortly by Thompson's equally spectacular effort. You're just a **** Neil Warnock.
Secondly the Ben Mee block tackle with his head whilst prone in the 6 yard box
Thirdly the last game of the 2014 season, the promotion celebrations in the away end and the premature pitch invasion by "celebrating" Reading fans, only to discover they had missed out on the play offs. You're not going up, you're not going up.....
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Re: Reading doing well financially???
Herts Clarets wrote: ↑Fri Apr 16, 2021 8:13 amVenue of a couple of memorable games for the Clarets recently:
Firstly the play off win with the screamer from Paterson followed shortly by Thompson's equally spectacular effort. You're just a **** Neil Warnock.
Secondly the Ben Mee block tackle with his head whilst prone in the 6 yard box
Thirdly the last game of the 2014 season, the promotion celebrations in the away end and the premature pitch invasion by "celebrating" Reading fans, only to discover they had missed out on the play offs. You're not going up, you're not going up.....
That last game was probably the closest I have ever seen at a game with Reading of one of their fans getting angry, he came really close to swearing at one of our group as we left the ground.
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Re: Reading doing well financially???
I was about 4 rows from the front with my step father, nephew, 9 year old son and a Burnley fan i know who lived in Letchworth. When they invaded the pitch my step father took my son a few rows back and Graham said on the lines of "they are a bit aggressive aren't they". I pointed out that they waited until there was a line of Police and stewards between them and the Burnley fans before they started gesturing and if they really wanted they could have come over when the pitch was empty. See what they are like outside the ground. I was talking to a few blokes on the row behind and one of them said "once of a day i would have been over the seats and given a couple of them a smack, but i am on freebie tickets from Waitrose". As were we, Graham worked for John Lewis at the time.claretonthecoast1882 wrote: ↑Fri Apr 16, 2021 8:15 amThat last game was probably the closest I have ever seen at a game with Reading of one of their fans getting angry, he came really close to swearing at one of our group as we left the ground.
When we left the ground, the wanabee hooligans were nowhere to be seen, replaced by any number of Reading fans congratulating us on our promotion to the Premier League.
Re: Reading doing well financially???
They could, but given the vast majority of the debt is to the owners of the club it's not a sensible idea. There's no reason why they'd want to write off all of the money that they are owed and if they really did want to do that then it could be done in a far more sensible way than administration.thelaughingclaret wrote: ↑Fri Apr 16, 2021 12:41 amAny club with huge debt can just go into administration, get 10 points deducted and then carry on as they were. It is a joke but it is what it is. Basically do as you want.