it feels like rich people messing about at being rich people... except its with something lots of people care about... I have a lack of specialist knowledge so cannot really understand what a 'signed legal document' regarding escrow would look like... Why would the buyer need to sign it - isn't it j...

CEO salary? Highest paid Director salary in the 22/23 season was £234k based on Accounts published (page 22 if anyone wants to check) So not the CEO... Yeah I suspect the figure is the total wage bill for everyone on the payroll not just the players. Yes, the STAR figure is the total monthly commit...

1mill per month divided by the 26 first team players who have made a first team appearance this season equals 38.k pm per player. Or £9.6k per week on average per player. That figure must be all in? Surely. Players, coaches, non playing staff. I don’t see how we can have an average of 10k per week ...

Wages cited in the recently posted accounts were 2X this figure

Read the STAR statement.

The details refer to the current financials, not the recently posted accounts.

This is the financial crisis now

STAR meeting summary reports that Reading's monthly wage commitment nets out at around £1M a month (+/- with win bonuses) That's ~ £12M a year. Other commitments ~£320k a month Outgoings = £15.84M They also reported that income (excluding player sales) to end of December (presumably April-Dec) was ...

Dim is saying the full £12m escrow has been proposed, if that`s rejected we`re done. That wasn't what Rob told me yesterday evening. Unless something has changed today, which lets hope it has and what he says is correct, then we are waiting for Rob to review the deal. Rob corrected me when I sugges...

STAR meeting summary reports that Reading's monthly wage commitment nets out at around £1M a month (+/- with win bonuses) That's ~ £12M a year. Other commitments ~£320k a month Outgoings = £15.84M They also reported that income (excluding player sales) to end of December (presumably April-Dec) was £...

Does that mean that the current exclusive guy will sue for breach of exclusivity and the cycle will continue endlessly til the end of the universe l....

Thanks mate. This has taken quite some prep since I managed to secure it but I hope we covered everything and got more new information. The liens information is very interesting. Whilst it avoids a doomsday scenario is this why the club have avoided administration but have been on a drip feed of fu...

Sorry, I don't have time to listen to it all.

Doesn't sound like he said anything about accepting the "formal proposal for alternative security " cited in the RFC statement?

Which would have reassured everyone right...

is this like a 'blood in the water' type response?

gawd I hope it is a legit amount and offer....

my cynical head can't help but think this is a PR ploy to imply the blockage remains with RC...

STAR have met the club to discuss the latest financials. In addition to wages & HMRC, business rates and utility payments are huge particularly business rates on Bearwood which is based on cost (£45m) rather than value. Sounds like Wokingham council are fleecing us. Rather worryingly there is n...

"I think the difficulty making a profit is massively overstated"

https://www.theguardian.com/football/20 ... dApp_Other

A reasonable summary....

Don't think there's anything 'new new' apart from the stark reality of the impending cliff edge...

On the face of the accounts there is: 18m of revenue. 7.6m profit on sale of investments (No idea what this was, a company or something) 1.6m profit on sale of players. (24m) in salaries. (4.8m) in amortisation This is transfer fees (8m) intercompany loan provision. Don't know what this is, not muc...

"Well, for Reading, I guess they continue to operate as normal. I'm a little nervous whether they have the money to pay the king that they owe him this week "

Wait what?

Now we owe the King money?

https://podcasts.apple.com/us/podcast/a-defiant-rob-couhig-a-passionate-bradford-city/id1802696301?i=1000700629860 Couhig shares his side of the story about 17 minutes in. Basically - Talks nicely about Noel and the players/staff. Claims he had nothing to do with last summer's decision re the women...