Coppell out!

[North Somerset Royal]

Yes that is right. The football club is part of Reading Football Club Ltd. However the stadium complex is not owned by that company but by another company Reading FC Holdings Ltd. Two other accountancy points. One is that capital expenditure such as the media suite and training ground do not effect profits. They are merely the result of swapping one asset (cash at bank) with another (the value of the new building) The same applies to the capital cost of players but their wages do reduce profits in a big way. Final point for all those who keep arguing about whether or not funds were made available to SC. JM has always operated a policy of having no fixed transfer budget. Theoretically therefore SC could go to JM and ask for funding for a £10m plus signing. However SC knows that he has to operate within the clubs tight wages policy which means that there is no pont in going for established premier players whose wages exceed the club limit. The reason why SC has not spoken out more on this is simply that the policy was made clear to him at the outset and in taking the job he agreed to operate within those rules.[/quote]

Well Amen to that.
Would it also be correct that this new media suite (which appears to be unexpectedly controversial) could also be considered an asset in the sale of whatever holdings in the club JM decides to sell to a (far eastern) buyer.

Yes that is right. My personal view is that JM is happy to spend money on that sort of thing as it increases the fixed assets and thereby the value of his shares. Money spent on buying a player does reflect in a balance sheet asset but depending on the players age etc may have to be written off over the contract period if they on a Bosman or become worth less because of age. Also their wages certainly do have to be written off against profits and therefore have a negative effect on the share value. If I was JM therefore I would be happier spending money on media suites than players.

[RoyalBlue]

Because Premier League rules state that you must have one capable of catering for a certain amount of media executives or guests. Failure to do so results in penalties you spastic. It is COMPULSORY.

You forget that TV rights are coming from the media you f*cking numpty.

Now, jog on and do some proper research before bedtime.

And you are saying that our current media facilities are worse than every other Premier League club?!!

I'm sure they could have found a way around the requirements had they wanted to. And even if not, just what would the penalties be? Hardly deduction of points material!!

Maybe you should delete the posts of people who post with no facts or figures to back up their claims as they infuriate others.

What facts or figures have you given us then? Just because you're infuriated, there is no need to direct abuse at certain posters on here imho.

RE media centre, TV money and so on. That's where the money's gone - I was also correct in stating Coppell has come out and said he has money to spend and has chosen not to spend it.
.

I'm sure we won't hear the real story on this until after Coppell has left the club. However, McGhee, Gooding and Pardew have all said things after leaving that would suggest to me that the money isn't as readily available to managers as the Chairman sometimes likes to portray. Gooding has repeatedly stated that the manager isn't given a budget for players, which (IMO) is an absolutely crazy way to run a business and as Gooding states, makes it impossible for the manager to know how to cut his cloth when putting together a squad.

[Royalee]

Any quotes?

I'd like to point out how well all of those managers have done at other clubs since leaving.

[Royal Lady]

Gooding repeatedly mentions the money constraints on BBC Radio Berkshire.

[Royalee]

And he's carved out a marvellous managerial career for himself hasn't he?

[Royal Lady]

Maybe he hasn't been looking for one!

[Berry]

I agree with some of what has been said, but IMO it is unfair to slate Coppell, Mr Mad obviously wanted to sell the club especially after last seasons showing, at the end of the day he is a business first and a fan second. To blame Steve Coppell is very unfair, I respect him for staying with us, others wouldnt.
Yes we probaly will go down, but IMO Reading wont move on until the club is sold, everyone needs to wake up and realise football is a money making business for chairman, unless your from Russia and have excess billions to gamble with.
I would like to say thanks Steve for the great football you have served up, and I hope you find a club who back your ambition.

[Royalee]

Maybe he hasn't been looking for one!

Yes, I'm sure he's always dreamt of discussing the finer points of John Oster's game with Joel Hufford,

[shadesrwrf]

Do you have Coppell's payslip available to you?

He would have walked into jobs at the start of the season before he became exposed as the bald bottle job he really is.

I never thought I'd see the day when baldism was allowed to go unchallenged by the moderators of this forum. I have reported this post and I am confident that the appropriate action will be taken.

[Royalee]

Hahahahahahahahahaha

[howser]

Blame for the situation we are in is hard to pin point with all the comments on this thread being white washed by those x-sperts, with inner club knowledge, but the facts are that we have put ourselves into this positon with our total lack of ambition, Nigel Howe, I believe, said that he wants Reading to be a strength in the Premiership, and sadly I actually think he believes that possible ????????Whether we all agree or not, the Premiership is a grossely expensive place to be and if we want to be there then we have to change our ways dramatically. I agree it would be interesting to find out who the "transfer blocker" is, we have all had enough of the "we will do our buissness etc...................we all realise that that is a load of crap. After last season we have done nothing to move forward, the much praised scouting network has thrown up some awful signings, truley awful, just as the defensive coach has turned our defense into a laughing stock, who today looked as if they hadnt ever played together before, sonko was truley awful and looks like a "red card" waiting to happen,

The present owner and management fail dismally to suggest, that even if we survive, changes will be made for next season and we will " go with what we have, until January" mumbo jumbo again. But in all this I would just love JM, Hammond and Coppell to come out and say why we are in this mess, as they are the prime movers that have put us there.

[Royal Yank]

Do you have Coppell's payslip available to you?

He would have walked into jobs at the start of the season before he became exposed as the bald bottle job he really is.

I never thought I'd see the day when baldism was allowed to go unchallenged by the moderators of this forum. I have reported this post and I am confident that the appropriate action will be taken.

Taken

[The Quiet Man]

We have ambition - to do anything as cheaply as possible

[Royalee]

Get over yourself Shades.

[shadesrwrf]

Do you have Coppell's payslip available to you?

He would have walked into jobs at the start of the season before he became exposed as the bald bottle job he really is.

I never thought I'd see the day when baldism was allowed to go unchallenged by the moderators of this forum. I have reported this post and I am confident that the appropriate action will be taken.

Taken

Thank you. I am glad that, at long last, someone fully understands the true impact of this dreadful prejudice.

[RG30]

The comment below sums up how I feel and is well put;

The club will survive whatever happens in the next 3 months, though some fans may not. If you have the stomach for it, try looking back over the last 20 years - the last 10 years if you're under 25; is Reading FC in the shit? Is it really the worst you've seen? Do you genuinely believe that there has been no investment, no ambition, no achievement? You do? Put down the needle,and check yourself in to rehab

As a club we've overachieved more than most, especially in recent years. Think back when we were promoted to Division 1 (02/03), no one gave us a chance in hell but we finished 4th and have since then continually developed as a club. Back then we didn't even have a training ground, now we're the proud owners of a fantastic site at Hogwood.

If we go down, it's because we haven't been good enough but this club have overcome obstacles in the past and I would expect we'll be back to doing what we do best in the near future which is winning games.

[Gordons Cumming]

I think it's ridiculous that this thread has reached 5 pages!

[RoyalBlue]

Any quotes?

I'd like to point out how well all of those managers have done at other clubs since leaving.

Their success or otherwise doesn't mean that what they say isn't true nor does it mean that Ego Madejski isn't doing things the wrong way and isn't responsible for the predicament the team currently finds itself in.

Most business leaders would say that it is sheer lunacy to expect managers in their business to do their job properly without having any idea what budgets they are meant to operate within. I would also question whether JM expects his managers in his non-footballing businesses to work in such a manner.

[Rev Algenon Stickleback H]

Yes that is right. My personal view is that JM is happy to spend money on that sort of thing as it increases the fixed assets and thereby the value of his shares. Money spent on buying a player does reflect in a balance sheet asset but depending on the players age etc may have to be written off over the contract period if they on a Bosman or become worth less because of age. Also their wages certainly do have to be written off against profits and therefore have a negative effect on the share value. If I was JM therefore I would be happier spending money on media suites than players.

Reading FC isn't a publicly traded company so share values are completely at the discretion of John Madejski - adding assets or making losses doesn't drive the share price up or down.

Unless JM is immensely stupid, which seems unlikely, he knows full well that a Reading in the premiership is worth far more than one in the championship that has an extra building or two that can be called an asset.

And has been pointed out, having that media suite was a prerequisite of admission to the premiership. It wasn't something he wanted to build, and it also wouldn't be much of an asset as it doesn't generate any income, nor add any real value to the property.

[Millsy]

This thread still not been locked mods??

The least you could do is start up a comedy section to move it to.