Embargos, HMRC Payment defaults, non payment of wages, the usual under Dai Wrongge

[Greatwesternline]

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 £4.9M

So the maths is pretty obvious...

https://x.com/STARReading/status/1904885945624572280

Quite a weird editorial slant on that tweet by STAR. What right do they have to criticise Wokingham council for billing RFC for Business Rates as they are legally required to do?

Why should a local authority which like all others is cash strapped give up on £1m because RFC is a basket case.

I thought STAR were supposed to be grown ups.

[tmesis]

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 £4.9M

So the maths is pretty obvious...

https://x.com/STARReading/status/1904885945624572280

What seems incredible in all of that is the implication that even if we were getting full houses of 24000 for every game, it still wouldn't be enough to cover the wage bill. In fact it seems we'd need to be getting over 35,000 in just to break even.

[Brogue]

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 per first team player.

[Snowflake Royal]

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 per first team player.

Yeah, it'll certainly be the entire wage bill, not just the first team wages. It's information relating to cash flow, not league rules on first team squad salary.

We have a lot of academy players, and a lot of coaches. And a fair few of the Academy lads probably signed up as Championship prospects, so won't be on complete peanuts even if they're on low wages for seniors.

Sure the likes of Wing, Knibbs, Savage, Elliott, Dean, Button and Yid will likely be on a fair wedge.

[Sutekh]

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 per first team player.

Yeah, it'll certainly be the entire wage bill, not just the first team wages. It's information relating to cash flow, not league rules on first team squad salary.

We have a lot of academy players, and a lot of coaches. And a fair few of the Academy lads probably signed up as Championship prospects, so won't be on complete peanuts even if they're on low wages for seniors.

Sure the likes of Wing, Knibbs, Savage, Elliott, Dean, Button and Yid will likely be on a fair wedge.

Given the FL have been all over Reading on signing any player I can't see how anyone signed in the last 2 years is on anything ridiculous for the level the club is currently stuck in.

[Snowflake Royal]

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 per first team player.

Yeah, it'll certainly be the entire wage bill, not just the first team wages. It's information relating to cash flow, not league rules on first team squad salary.

We have a lot of academy players, and a lot of coaches. And a fair few of the Academy lads probably signed up as Championship prospects, so won't be on complete peanuts even if they're on low wages for seniors.

Sure the likes of Wing, Knibbs, Savage, Elliott, Dean, Button and Yid will likely be on a fair wedge.

Given the FL have been all over Reading on signing any player I can't see how anyone signed in the last 2 years is on anything ridiculous for the level the club is currently stuck in.

The L1 rules are different to Championship, and we came out from under that business plan we didn't bother to stick to.

No one has to be on a ridiculous wage for L1 to have such a large wage bill. Yids will be on something like what he was on in the Championship though. How many L1 clubs have Cat 1 Academies? One. Cat 1 Academy players will be on more than Cat 2 or 3 Academy players, or players in random youth set ups. Academy players signed in Championship won't be on big L1 wages, but they'll be on pretty big wages for L1 youth players.

Everyone always over estimates how much the wage bill is reduced by releasing or selling a couple of high earners.

[Stranded]

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 per first team player.

This is about the accounts just published isn't it? So the wage bill would relate to wages paid up the year ending 30/6/23 - the 22/23 season.

So the wages would include those of Moore, Ejaria, Joao, Ince among others.

I would hope cost base is a lot lower now.

[Brogue]

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 per first team player.

This is about the accounts just published isn't it? So the wage bill would relate to wages paid up the year ending 30/6/23 - the 22/23 season.

So the wages would include those of Moore, Ejaria, Joao, Ince among others.

I would hope cost base is a lot lower now.

i have no idea, from the above posts quoting STAR it seemed like that was what we are paying as of today. but you might be right this might relate to the 22/23 season.

[Linden Jones' Tash]

Read the STAR statement.

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

This is the financial crisis now

[Stranded]

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 per first team player.

This is about the accounts just published isn't it? So the wage bill would relate to wages paid up the year ending 30/6/23 - the 22/23 season.

So the wages would include those of Moore, Ejaria, Joao, Ince among others.

I would hope cost base is a lot lower now.

i have no idea, from the above posts quoting STAR it seemed like that was what we are paying as of today. but you might be right this might relate to the 22/23 season.

Ah OK, this is indeed now - jeez.

[Linden Jones' Tash]

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

[Snowflake Royal]

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 per first team player.

This is about the accounts just published isn't it? So the wage bill would relate to wages paid up the year ending 30/6/23 - the 22/23 season.

So the wages would include those of Moore, Ejaria, Joao, Ince among others.

I would hope cost base is a lot lower now.

i have no idea, from the above posts quoting STAR it seemed like that was what we are paying as of today. but you might be right this might relate to the 22/23 season.

£1m a month is obviously £12m a year. The published accounts for the relegation season had significantly higher wages than that. About double. So itnot for that season.

[Forbury Lion]

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 per first team player.

CEO salary?

[Linden Jones' Tash]

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 per first team player.

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...

[Brogue]

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 per first team player.

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.

[Linden Jones' Tash]

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 commitment due with all on costs etc.

But that's not to say that non academy players are not on decent salaries for League 1 - probably more than people on here are imagining.

A few on £4 & £5k a week and it's a chunk of that figure eaten up