Club Financial Statement

[brendywendy]

It does leave me scratching my head though when I see the likes of Stoke (similar sized club) spending so much more on bringing in players than we ever did.

all on teh back of chairman willing to throw money away
or debts

[brendywendy]

Exactly what the sensible amongst us have been saying all along.

that the club wasted in excess of 50 million on unproven players wages from the championship? Yep, all makes sense. This puts to bed all those comments suggesting we were " well run". What complete foolishness. Looks like the club believed the media hype and went waving the cheque book at the players willy nilly.

50 million?
on players from the championship 106 team?
the ones that got us to 8th?

or different ones?

[Tony Le Mesmer]

A couple of points/questions:

What did we spend a NET £10.6m on in transfers?

It says we lost £6.25m last year. But it doesnt mention the sale of Kitson/Shorey/Sonko.

Rosenior, Seol, Matejovsky, Kebe, Halford, Fae, Cisse, Bikey...

It does mention that we ran our wage budget at twice that of the last time in the champ, which might account for a similar loss despite those signings.

A NET £10.4m?????

Rosenior was a swap, Soel £1.2, Mat 1.4, Kebe??, Halford was Sold for the same we paid roughly, Fae we recopued half?, Cisse £600k Bikey £1m. thats nowhere near 10.4m NET

[Alivey]

once madejski goes we are f'd!!!! we are the next leeds

[Baines]

Oh, and this bit:

"This club has known unprecedented success under Sir John Madejski, and no individual has ever done more for Reading Football Club."

Whilst I like Mr Mad, it's a bit shitty to have a sentence like this included on what is a publication effectively under his control. It should be left unsaid/for other people to say.

[Arnie_Pie]

once madejski goes we are f'd!!!! we are the next leeds

We got the A-rabs coming in chill

[andrew1957]

do you mean the average players who managed to somehow fluke 106 points record breaking championship total, followed by 8th place in the prem?

i have no idea why such rubbish players would be worth paying what amounts to low to average prem wages.



massive LOLs at those who believed the tabloid headline figures of prem league being worth 60-100 million a season-forgetting it included 3 seasons of parachute money etc

and massive LOLs at all those who insisted in underhand money grabbing by madejski, clawing back the money loaned, or using the club finances to pay for statues

i await the flood of apologies/conspiracy theories about dodgy accounting



...........................

You are entitled to your views but what I don't understand is why we paid something like £10M in wages in 2005/6 and then paid 30M per annum in wages to broadly the same players (with a few additions) in the PL. It has always seemed a bit mad to me that if a player receives say 500K per annum in the Championship that this immediately goes up massively as soon as they reach the PL - even though they are under a contract. Personally I think the wages should stay the same and say a 500K bonus should be paid each year you survive in the PL. That way the club's finances remain stable and the players are incentivised for success.

You may think it, but everyone in football would laugh their arses off at you. We're dealing with reality here, not what we'd all like.

Then really what is the point in any club ever getting to the PL because if you are right then they will be virtually bankrupted by it (like many have already been). I see no reason why RFC contracts cannot baulk the norm so that some common sense returns. Let's face it there are plenty of players keen to play for RFC at Championship level, so why promise them massive wages for promotion when the key is PL survival. That is what you should be remunerated for.

[brendywendy]

Interesting to read at the start of the 106 season we "heavily invested."
I remember reading Leroy was from SJM personal fortune. Of the top of my head the only other transfer fees we paid was to Cork and for Bryn. The other signings were freebies, obviously they would need signing on fee.

Even if Leroy was from the club, that means we spent about £1.2 million that season, hardly a "heavy investment."

Im sure a lot of other clubs in the championship spent a lot more that season.

IMO thats a big inaccuracy in these finances.

id imagine they meant on paying good wages , to keep our best players, and attract new ones,

on top of the transfers we did get in


and 1.2 million invested

for a team making around a 6 million loss year on year

is quite heavy- many businesses in the same position would have baulked at that

[Alivey]

once madejski goes we are f'd!!!! we are the next leeds

We got the A-rabs coming in chill

nah m8 we are going to be the next darlington!!! we dared to dream and we are f'd!!!

[brendywendy]

what I don't understand is why we paid something like £10M in wages in 2005/6 and then paid 30M per annum in wages to broadly the same players (with a few additions) in the PL

to keep the players, and motivate them,



they then went on to achieve an 8th place finish in th etop flight

so id say it seemed worth it

[Alivey]

what I don't understand is why we paid something like £10M in wages in 2005/6 and then paid 30M per annum in wages to broadly the same players (with a few additions) in the PL

to keep the players, and motivate them,



they then went on to achieve an 8th place finish in th etop flight

so id say it seemed worth it

then tell them we dont want 7th!!!! coppell out!

[Terminal Boardom]

And fair play to the club for finally making this statement.

[Tony Le Mesmer]

What about gate money, sponsorship etc etc?

It says taking into account all other income.

Id love to know what £7.4m on 'infrastructure' represents.

I believe there was a large chunk spent on 'media' stuff went we got promoted. Camera stands, media lounge, entertaining etc etc. Was part of the deal by all accounts.

more like money spent on the Hotel

[Ian Royal]

Look I can post it all up for you if you want.

Rosenior was not a swap for Seol that's been widely acknowledged.

Seol - £1m / -£1m
Sodje £0.35m
Andersen £0.1m
Bennett £0.25m
Halford £2.5m / -£2.5m
Duberry £0.8m
Bikey £1m
Cisse £0.675m
Fae £2.5 - not sold until last season
Rosenior £1m
Matejovsky £1.42m
Kebe £0.55m

Total: £8.645m

It doesn't say NET by the way, it says that much was invested in transfers.

[brendywendy]

From the OS - at last the financial statement.

It all makes sense apart from the massive PL wage bill. Why on earth were we paying so much in wages to average players. It does make you wonder how well run the club really is.


http://www.readingfc.co.uk/page/NewsDet ... 11,00.html

Because we spunked money on shit like Sodje, Duberry, Bennett, Halls, De La Cruz, Fae, Halford and so forth.

LOL

duberry was a stop gap, who did a job

dela cruz was proven premiere league experienced international player
and gave us pretty much our only cover for shorey etc-

halls was very unlucky with injury

bennet was peanuts


ill agree on sodje, fae, halford - but compared to say....alex fergusons list of flops(veron,djemba djemba etc) their prices,and money recouped, id say, thats a pretty good ratio

indeed, it will probably stand up against the flop lists of any of the top fours managers- but dont let that stop your mental 1 man anti coppel campaign

[Y25]

I don't understand the £60M wage bill.

Even if a player is on £20,000 per week that's only £1M per annum.

Not one of the players I've seen in a Reading shirt should have been paid that.

[Royalee]

One only has to look at where the players signed have ended up to find out how good they were.

[Alivey]

brendywendy we are not a top 4 club.. madejski wouldnt let us be... 8th was too high for us.. so we tried to go lower next season..

[Ian Royal]

I don't understand the £60M wage bill.

Even if a player is on £20,000 per week that's only £1M per annum.

Not one of the players I've seen in a Reading shirt should have been paid that.

You do know we had a squad of about 35 players right? And that some of them would definitely have been on more than £20k / week. Wage bill doesn't just cover playing staff either iirc.

[Tony Le Mesmer]

Look I can post it all up for you if you want.

Rosenior was not a swap for Seol that's been widely acknowledged.

Seol - £1m / -£1m
Sodje £0.35m
Andersen £0.1m
Bennett £0.25m
Halford £2.5m / -£2.5m
Duberry £0.8m
Bikey £1m
Cisse £0.675m
Fae £2.5 - not sold until last season
Rosenior £1m
Matejovsky £1.42m
Kebe £0.55m

Total: £8.645m

It doesn't say NET by the way, it says that much was invested in transfers.

Thanks for the list.

But it does say NET because it says the deficet after transfer activity.

So the Summer sale in 2008 dissapeared into a black hole then? There is no mention of the £10m odd we got for 3 players.