Mcdermott Signs New Contract

[melonhead]

when theer is definite news, we release it, when there isnt, we dont.

and looking at how wolves have done their business this week, i can see and accept that ours is the correct way of doing things.






but some people are never happy, and see conspiracy round every corner

[ZacNaloen]

Looking hopeful for a 10 pager right now!

[Libertine]

The way I see it is the new contract had been in the works for a couple of weeks. The managerial opening at Wolves happened right near the end of the process, with AZ being in town, by pure happenstance. All parties involved on our side decided to use it, in a completely non-cynical way, to create a positive buzz about the club (never forget that they are selling a "product" to consumers like us and the more "buzz" created the better sales are). To be honest I am very impressed how everybody at the club handled this. It sends a message of intent to push up with everything/everybody on our end coming out looking good in the end. It will make more players view us in a favorable light when thinking about coming here, likewise aimed at the supporters (to get more arses in the seats for the remainder of the season and our promotion push). I may be wrong. Maybe Brian was set to jump ship to Wolves, AZ was having second thoughts and the whole TSI deal was near implosion...but I don't get that vibe.

[Harpers So Solid Crew]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

[Harpers So Solid Crew]

ANd he says RFC can keep the squad players that are important, but can add players to that squad. FFS that surely will cost money from the new owners, and that is what other clubs will be thinking.

[ZacNaloen]

what they won't do.


Spend ridiculous transfer fee's.

Spend ridiculous wages.

What they will do.

Cover any deficit so as to prevent the need of selling players and allow sensible purchasing.

Invest in Brick and Mortar.

[winchester_royal]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

I think Madejski sees there being a difference between 'throwing money at a club', and investing prudently and wisely.

One way will inevitably lead to a club crashing and burning, whereas the other should (hopefully) lead to sustainable growth.

From what we've been told most of TSI's money will be going into the infrastructure of the club, i.e. facilities and academy. That's sensible investment. What clubs like Pompey and Leicester have done in recent times is merely invest in managers and players. That's 'throwing money at a club'.

[Libertine]

I don't see any contradiction. It takes money to run a club (hold onto players, recruit new ones, etc.) and TSI provides that capital. But just because TSI has money there is no reason the believe that we are going to change our philosophy about developing the club by signing young players and having them develop in-house (the statements about upgrading our academy) while making modest investments (not throwing money about stupidly) in players whom will improve us.

[glenroyal]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

I think Madejski sees there being a difference between 'throwing money at a club', and investing prudently and wisely.

One way will inevitably lead to a club crashing and burning, whereas the other should (hopefully) lead to sustainable growth.

+1

The latter being the existing Reading ethos JM referred to.

[glenroyal]

when theer is definite news, we release it, when there isnt, we dont.

and looking at how wolves have done their business this week, i can see and accept that ours is the correct way of doing things.

but some people are never happy, and see conspiracy round every corner

Lesson learned = Progress.
Onward and upward.
UUURRRrrrzzz!!!

[facaldaqui]

Clearly they are prepared to run the club at a loss, a bigger loss than Madejski can sustain. But that's not to say they will be throwing that money away, because if they could get Reading established in the premier league, the company will be worth a lot more than they paid for it. That's when the apparent disjunct between proclaimed prudence and apparent willingness to take losses would pay off on an investment level.

[Hoop Blah]

when theer is definite news, we release it, when there isnt, we dont.

and looking at how wolves have done their business this week, i can see and accept that ours is the correct way of doing things.






but some people are never happy, and see conspiracy round every corner

Not a conspiracy, just a cynicism and spot of realism over some of the spin being put on it.

I'm happy with the outcome but I just think that the way it was handled could've been a bit more sympathetic and considerate to the fans.

[mr_number]

Have we managed to answer the crucial question of where they went for dinner?

I'm guessing Pizza Express.

[ZacNaloen]

Surely they'd go to Brians alter ego's restaurant in Marlow?

[melonhead]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

putting up enough money that we dont have to sell players, and can buy players when we need to doesnt equal throwing money in my book.
its more that we have returned to the way we used to do things pre premiere league when JM could afford to bail us out.


i may be wrong, and anton may be putting 10 million of his hardearned into the club in the summer, who knows

[melonhead]

when theer is definite news, we release it, when there isnt, we dont.

and looking at how wolves have done their business this week, i can see and accept that ours is the correct way of doing things.






but some people are never happy, and see conspiracy round every corner

Not a conspiracy, just a cynicism and spot of realism over some of the spin being put on it.

I'm happy with the outcome but I just think that the way it was handled could've been a bit more sympathetic and considerate to the fans.

im only teasing- of course its possible/probable that brian was tempted by the premiere league, and if the new deal wasnt in place or close he may have treated it seriously

though i cant really see how the club could have done any better from my own end regarding telling us whats going on. you cant respond to every rumour that crops up on the internet, and id prefer they waited till things were concrete before making statements, cos you can look extremely silly that way, as weve seen in the past.
you certainly shouldnt be coming oiut releasing details of possible new contracts before theyre signed, not least cos it gives whichever side a very poor bargaining position

[Friday's Legacy]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

they have deeper pockets than john madejski. this time when we get back to the premier league we wont be penny pinching, but at the same time we wont spent stupid amounts of money to stay there. i expect instead of spending £2.5m on someone, we'll spend more like £4-5m on someone, but not £8-9m... certainly not until we are established any way. stoke are a good model, and i believe samuelson has mentioned that.

[exileinleeds]

I am a bit confused, JM says that TSI are not going to throw money at the club, yet JM says that someone with deep pockets needed to take over so the club can move ahead to a place where JM cannot take us. Surely that will involve putting money into the club?

they have deeper pockets than john madejski. this time when we get back to the premier league we wont be penny pinching, but at the same time we wont spent stupid amounts of money to stay there. i expect instead of spending £2.5m on someone, we'll spend more like £4-5m on someone, but not £8-9m... certainly not until we are established any way. stoke are a good model, and i believe samuelson has mentioned that.

You need fairly deep pockets to buy 51% of the club without putting the club/ground up as collateral for the loans. This is different to many purchases of football clubs- and I suspect it was the first criteria SJM put on his list of requirements. The investment may be in the form of loans, but better that than secured borrowings- with the club income being used to finance the loans....

[under the tin]

Clearly they are prepared to run the club at a loss, a bigger loss than Madejski can sustain.

Exactly. Madejski said as much at the McD press conference.

But that's not to say they will be throwing that money away, because if they could get Reading established in the premier league, the company will be worth a lot more than they paid for it. That's when the apparent disjunct between proclaimed prudence and apparent willingness to take losses would pay off on an investment level.

Perfect summation.

The exciting thing for us fans is that in order to get their return, TSI are going to make Reading FC bigger, stronger, better.
To use one poster's monicker we can now dare to dream.
I personally feel more optimistic about RFC than I have in years.
It's like we've got the old JM back who had the fire in his belly, the bloke who drove down to Bristol to close the deal for LIta.
I feel that the club can now have some real forward momentum again (something JM himself mentioned in the press conference).
The only slight concern to me is that when they decide to cash their chips in, are TSI going to be fussed about to whom they sell, like JM, or will they just be interested in getting the best price?

[Hampshire Royal]

I don't think it matters one jot whether or not Brian spoke to Wolves. In fact, if anything, I'd rather he had spoken to them and after his talks, decided that Reading was his best option. He almost certainly has spoken to Kevin Doyle and/or Stephen Hunt

I've spoken to a few fans of other clubs and they all say that Brian is a good manager, bearing in mind what he's done here. If we go up, this year or next, he will attract attention from other Prem clubs and we will have to get used to rumours. It's my view that he is a decent, honorable man and will not be tempted unless it's a top club (Spurs, Liverpool, Arsenal for example) or even, as he has said, the Republic of Ireland manager's job.

In spite of the words from those that insist on seeing conspiracy behind every corner (you know the sort - those that say they are only looking at things in a cynical or realistic way), I believe that the takeover is genuine and that Anton will became a true Reading fan. I don't think he will interfere with the way Brian runs the team as I believe there is a genuine trust between them. If people say that it was somehow disrespectful that the club said nothing to the fans about the Wolves rumours, perhaps they would prefer that we had done things in the same way that the Tommy Smith transfer was done, and that turned out well!!!

Barring some unknown disaster, the future is extremely bright for Reading.