| Reading F.C. 12:47 - Mar 15 with 958 views | SullutaCreturned |
I've had many concerns about how our club is being run and while new owners would be preferable, maybe be careful what we wish for,
https://thetilehurstend.sbnation.com/2024/3/15/24101235/is-the-end-nigh-for-read
Readings owner is selling their training ground. It is alleged he has asset stripped them and that he has done it twice before, asset stripped 2 clubs then liquidated them when there was very little left.
Maybe our owners aren't that bad! |  | | |  |
| Reading F.C. on 13:12 - Mar 15 with 924 views | RhonddaSwans |
I think it is due to him not being able to get hos money out of china.
He failed the ownership test for the premier league but months later he passed for reading. | |
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| Reading F.C. on 13:59 - Mar 15 with 883 views | onehunglow |
We are not the worst but so fat from the best | |
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| Reading F.C. on 14:04 - Mar 15 with 878 views | GixerJack |
| Reading F.C. on 13:12 - Mar 15 by RhonddaSwans |
I think it is due to him not being able to get hos money out of china.
He failed the ownership test for the premier league but months later he passed for reading. |
So if couldn’t get it out the first two times what made the EFL think he could the third? 🤷♂️ |  | | |
| Reading F.C. on 18:02 - Mar 15 with 755 views | felixstowe_jack |
Could be worse Cardiff have just released thier accounts for year ending 31st March 2023.
Liabilities £260 million
Assets £92 million
Net liabilities £167 million
Last year they made an operating loss of £11 million.
They revalued their stadium by £ 11 million
Net profit £122,000
They have also taken out a 30 year lease at £450,000.
Seems they own the Stadium bit not the land it is built on.
Cardiff City football Club limited is a direct subsidiary of Cardiff City football Club (holdings) Limited.
Full accounts are listed on the company's House Web site.
Maximum losses per season allowed per season are £13 million if owners inject cash otherwise it is £5 million.
EFL FFP is assessed over three years. | |
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| Reading F.C. on 18:13 - Mar 15 with 736 views | Whiterockin |
| Reading F.C. on 18:02 - Mar 15 by felixstowe_jack |
Could be worse Cardiff have just released thier accounts for year ending 31st March 2023.
Liabilities £260 million
Assets £92 million
Net liabilities £167 million
Last year they made an operating loss of £11 million.
They revalued their stadium by £ 11 million
Net profit £122,000
They have also taken out a 30 year lease at £450,000.
Seems they own the Stadium bit not the land it is built on.
Cardiff City football Club limited is a direct subsidiary of Cardiff City football Club (holdings) Limited.
Full accounts are listed on the company's House Web site.
Maximum losses per season allowed per season are £13 million if owners inject cash otherwise it is £5 million.
EFL FFP is assessed over three years. |
The interest they pay Tan alone should push them over the limit. |  | | |
| Reading F.C. on 18:21 - Mar 15 with 718 views | RhonddaSwans |
| Reading F.C. on 14:04 - Mar 15 by GixerJack |
So if couldn’t get it out the first two times what made the EFL think he could the third? 🤷♂️ |
They need legislation to seize the club off these type of owners.
On the way back from Birmingham away it was the day the Royals fans had their game postponed.
I listened to quite a few of them talking on talksport.
Saying they spent way to much chasing premiership football.
They were stuck with some players on 40k a week with no resale value.
No player would want to move on that sort of cash would they.
Ryan Bennett dragged his heals with us.
Reading are in real trouble we know how it feels to have a bad owner.
We would of vanished of the face of the earth if it wasn't for the trust and Huw Jenkins and co.
Reading having their infrastructure sold to pay the bills is shocking.
There needs to be something in place that can strip ownership from these types of owners.
If the slide carries on there and they slide out of the football league.
Can you see their ground being viable in the non league. | |
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| Reading F.C. on 18:42 - Mar 15 with 694 views | SullutaCreturned |
| Reading F.C. on 18:21 - Mar 15 by RhonddaSwans |
They need legislation to seize the club off these type of owners.
On the way back from Birmingham away it was the day the Royals fans had their game postponed.
I listened to quite a few of them talking on talksport.
Saying they spent way to much chasing premiership football.
They were stuck with some players on 40k a week with no resale value.
No player would want to move on that sort of cash would they.
Ryan Bennett dragged his heals with us.
Reading are in real trouble we know how it feels to have a bad owner.
We would of vanished of the face of the earth if it wasn't for the trust and Huw Jenkins and co.
Reading having their infrastructure sold to pay the bills is shocking.
There needs to be something in place that can strip ownership from these types of owners.
If the slide carries on there and they slide out of the football league.
Can you see their ground being viable in the non league. |
It could be worse than that, they could cease to exist and somebody have to start a new club at the very bottom tier.
For a true idea of how bad it could get, look at Bury. | | | |
| Reading F.C. on 19:18 - Mar 15 with 643 views | ReslovenSwan1 |
Clubs run badly should be allowed to go bust. There should also be a salary cap.
I have been following NFL which has a salary cap. Teams regularly ask players to take a pay drop to allow them "cap space" to bring in a new player. They have lower " rookie pay contracts".
The best run team wins. Kansas city Chiefs were forced to sell their best player Tyreek Hill as he took too much wages so they moved him providing "cap space " for other positions. They won again without him. Premier league is a rigged competition. Arsenal are now competitive in Wenger a image presumably using clean money but the odds are stacked against them. |  |
| Wise sage since Toshack era |
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| Reading F.C. on 07:50 - Mar 16 with 540 views | felixstowe_jack |
| Reading F.C. on 19:18 - Mar 15 by ReslovenSwan1 |
Clubs run badly should be allowed to go bust. There should also be a salary cap.
I have been following NFL which has a salary cap. Teams regularly ask players to take a pay drop to allow them "cap space" to bring in a new player. They have lower " rookie pay contracts".
The best run team wins. Kansas city Chiefs were forced to sell their best player Tyreek Hill as he took too much wages so they moved him providing "cap space " for other positions. They won again without him. Premier league is a rigged competition. Arsenal are now competitive in Wenger a image presumably using clean money but the odds are stacked against them. |
NFL is rigged too. It is a closed system of 32 teams no relegation or pyramid system . Just 32 owners with the biggest cheque book to buy tye franchise. Plus it is a very tedious game. | |
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| Reading F.C. on 17:30 - Mar 16 with 422 views | RhonddaSwans |
| Reading F.C. on 18:42 - Mar 15 by SullutaCreturned |
It could be worse than that, they could cease to exist and somebody have to start a new club at the very bottom tier.
For a true idea of how bad it could get, look at Bury. |
I really feel for them fans mate.
The team that we beat in the playoff final,so a massive part of our history.
Being in such a bad state should hurt us all.
We are all the same (except Cardiff and Bristol City fans)
We love football and bleed for our clubs.
Legislation is needed asap | |
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| Reading F.C. on 18:47 - Mar 16 with 384 views | SullutaCreturned |
| Reading F.C. on 17:30 - Mar 16 by RhonddaSwans |
I really feel for them fans mate.
The team that we beat in the playoff final,so a massive part of our history.
Being in such a bad state should hurt us all.
We are all the same (except Cardiff and Bristol City fans)
We love football and bleed for our clubs.
Legislation is needed asap |
I agree with you. When we marched against Petty we had some support, orient fans I think it was.
The fit and proper persons test isn't fit for purpose and the authorities need to be given morepower to deal with unscrupulous owners.
This Dai Yongge should be kept out of football, at least out of UK football. | | | |
| Reading F.C. on 19:04 - Mar 16 with 371 views | RhonddaSwans |
| Reading F.C. on 18:47 - Mar 16 by SullutaCreturned |
I agree with you. When we marched against Petty we had some support, orient fans I think it was.
The fit and proper persons test isn't fit for purpose and the authorities need to be given morepower to deal with unscrupulous owners.
This Dai Yongge should be kept out of football, at least out of UK football. |
check this thread out. | |
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