Where has £3.95 million gone?

[Wax Jacket]

tbf if I'd given countless millions over 20 years to something and all I got was a bunch of ungr8ful pcunts telling me I was tight-fisted I'd probably start paying myself back too

[Handsome Man]

This is exactly why i didnt renew my season ticket , i was fed up of spending my hard earned backing the club/team when the owner only leant his money and took it back to the detriment of the club/team

Banks loaned the money and then demanded it back.

[Royal Monk]

The chairman hasnt lost a single penny on the club , everything he paid out he has got back or still owns what was bought with the money ie the stadium.
Infact he has made millions out of his venture with Reading football club.

[Silver Fox]

tbf if I'd given countless millions over 20 years to something and all I got was a bunch of ungr8ful pcunts telling me I was tight-fisted I'd probably start paying myself back too

Arafat sponsored co-sign, in fact he's done well not to tweet that he hopes we all die

[andrew1957]

tbf if I'd given countless millions over 20 years to something and all I got was a bunch of ungr8ful pcunts telling me I was tight-fisted I'd probably start paying myself back too

Rubbish.I have been fully supportive of what John Madejski has done for the club over the years but at the end of the day he has built the club as a business. Yes he has put money in - but if he ever does sell he will most likely make a big profit. I don't begrudge him any profit he makes in future, but he has hardly done any of us a favour by investing.

I also agree with him about building a sustainable business but a business also needs customers. The fans are part of the club and if crowd numbers fall - the business becomes worth less. Also if he fails to reinvest we might fall down the football league pyramid again and then the club will also be worth a lot less.

I was happy enough with the sales of the likes of Kitson and Doyle as you cannot begrudge players who have proved themselves at PL level from having a chance to progress. However, to me the sale of Sigurdsson showed a seed change in the way the club is run. It was the first time that we sold a player who was on the way up - had not yet reached his potential.

Even that I can forgive to some extent if we see the club showing some ambition now. This might well be the last season when we have a realistic chance of reaching the PL without significant player purchases. If we do not go up at the end of this season then Kebe, Federici and probably other senior players will probably want away and we will have to rebuild the team all over again. The fans will become more disillusioned, the crowds will drop and the team (barring wonder man McD working even more miracles) will start to struggle. I am a businessman myself and in my experience when you stop reinvesting your profits then businesses start to go backwards. It would be very short sighted, therefore, not to reinvest now whilst we have a chance of PL at the end of this season. If we fail then any shortfall next season will be well covered by the inevitable player departures.

[Wycombe Royal]

The chairman hasnt lost a single penny on the club , everything he paid out he has got back or still owns what was bought with the money ie the stadium.
Infact he has made millions out of his venture with Reading football club.

How old are you? I'm guessing about 12. So why aren't you at school?

[super darren caskey]

tbf if I'd given countless millions over 20 years to something and all I got was a bunch of ungr8ful pcunts telling me I was tight-fisted I'd probably start paying myself back too

Fair point that.Of course its nice to get new players in but if we cant we cant.The future is worrying if the likes of kebe and long go maybe next summer but...at least we have our club.Untill sir john stepped in it wasnt looking good.Hes looking to sell and who knows somebody might come knocking.I do belive him when he says he has the best intrests of the club at heart and wouldnt sell unless the buyer was right for the club and gonna take it in the right direction.

[Kitson12]

tbf if I'd given countless millions over 20 years to something and all I got was a bunch of ungr8ful pcunts telling me I was tight-fisted I'd probably start paying myself back too

Fair point that.Of course its nice to get new players in but if we cant we cant.The future is worrying if the likes of kebe and long go maybe next summer but...at least we have our club.Untill sir john stepped in it wasnt looking good.Hes looking to sell and who knows somebody might come knocking.I do belive him when he says he has the best intrests of the club at heart and wouldnt sell unless the buyer was right for the club and gonna take it in the right direction.

Good post, agree with that entirely.

[brendywendy]

The chairman hasnt lost a single penny on the club , everything he paid out he has got back or still owns what was bought with the money ie the stadium.
Infact he has made millions out of his venture with Reading football club.

LOL!

not yet- maybe when he sells, and fair oxf*rd play to the guy

[Bucks Dave]

Right.

The last accounts for Reading were filed on 29 Dec 2009 which means the next set are due any minute. When they're released I'll get another set and write up the main points for The Whiff (too long to write a thread here).

Yes, companies can find ways to reduce profits in order to reduce taxation but not year after year. Add to that that SJM is trying to sell the club it is madness to try to make it appear less valuable than it is. Furthermore the Inland Revenue would be all over SJM if they thought he was hiding income.

Believe me, there are far worse chairmen and directors than SJM out there. If you want him to leave be careful what you wish for.

One other point: we have a proven track record in taking those with low or zero prices on their heads and turning them into valuable players(in both senses). Our track record in taking players over £1 million is far less impressive.

[Wax Jacket]

Believe me, there are far worse chairmen and directors than SJM out there. If you want him to leave be careful what you wish for.

repeated for emphasis

[Wycombe Royal]

Believe me, there are far worse chairmen and directors than SJM out there. If you want him to leave be careful what you wish for.

repeated for emphasis

Made bigger for even more emphasis.....

[andrew1957]

Believe me, there are far worse chairmen and directors than SJM out there. If you want him to leave be careful what you wish for.

repeated for emphasis

Made bigger for even more emphasis.....

I doubt any RFC fans doubts that there are much worse Chairman around. But you really do have a habit of missing the point. Why not read the thread.

[winchester_royal]

Do you not realise though, that there will be another shortfall next year? And then the year after that, and so on...

IF the £3.95m is not spend this January, it will go towards making sure we don't have to sell next summer.

Jeez, why are some fans incapable of thinking more than 2 weeks ahead.

[Wycombe Royal]

I doubt any RFC fans doubts that there are much worse Chairman around. But you really do have a habit of missing the point. Why not read the thread.

And you really do have a lack of a sense of humour.......

However, how can I miss the point when the original comments were written using a combination of incomplete and made up numbers?

[andrew1957]

I doubt any RFC fans doubts that there are much worse Chairman around. But you really do have a habit of missing the point. Why not read the thread.

And you really do have a lack of a sense of humour.......

However, how can I miss the point when the original comments were written using a combination of incomplete and made up numbers?

Please enlighten me oh wise one. Which numbers are incomplete and which did I make up.

[Forbury Lion]

Unless the club publicly stated to the fans that £x amount of cash would be used for specific purposes they are within their rights as a company to do what they like with it in the best interests of their shareholders.

Keep in mind though that the the club want to give the impression to rival clubs that they are skint so they will not be stung with over inflated transfer valuations for transfer targets.

Also, I suspect they set the fan expectations low so that JM can swoop in as the hero and fund the transfers personally himself via a loan to the club which is financed by the repayments and interest he received from the club.... okay, maybe not this time round with JM having to cut the cloth in his other floundering businesses.

I can't recall a time the club ever said they would spend £x amount, It's always been a case that funds will be made available.

[fridays child]

The chairman hasnt lost a single penny on the club , everything he paid out he has got back or still owns what was bought with the money ie the stadium.
Infact he has made millions out of his venture with Reading football club.

Feel free to put your hand in your own pocket then with returns like that you'd be mad not to.

You really think he's made millions out of the club

[Wycombe Royal]

I doubt any RFC fans doubts that there are much worse Chairman around. But you really do have a habit of missing the point. Why not read the thread.

And you really do have a lack of a sense of humour.......

However, how can I miss the point when the original comments were written using a combination of incomplete and made up numbers?

Please enlighten me oh wise one. Which numbers are incomplete and which did I make up.

You have no idea what transfer fees recevied and spent are - you are just going on what the media has guessed them to be (you will notice that I didn't say that YOU made them up), and you totally ignore all other costs (and revenues) outside of transfer fees.

[Forbury Lion]

The chairman hasnt lost a single penny on the club

He lost the opportunity to invest his cash elsewhere and make a larger fortune.

If making money was the prime reason for JM's investment then it probably wasn't the best decision, He'd have been better off purchasing a few more ballerina statues.... but the way the economy has played out it probably wasn't his worse one as he's currently stuck with the buildings outside Reading station.