North Somerset Royal The players contracts provide for a 40% reduction in wages on relegation.
Where's that little gem come from?
by Hoop Blah » 22 May 2008 13:28
North Somerset Royal The players contracts provide for a 40% reduction in wages on relegation.
by Thaumagurist* » 22 May 2008 13:46
by brendywendy » 22 May 2008 13:48
Ian Royal
Given our Prem wage bills was something around the £20m mark maybe a bit less, maybe a bit more. That shows how much we need to cut it by. I'd say by at least £5m. Bare in mind Hunt alone costs us about £1.5m
by RoyalBlue » 22 May 2008 13:49
brendywendyNorth Somerset Royalbrendywendy not sure it made any difference when newcastle, west ham and the like are all talking top nickys agent about him wanting a move anyway-his contract is up, so its either another year of perhaps substandardperformances, and lose him for free, or get around 5 million quid for the 3/4 best left back in the country
id be upset if we didnt sell him to be fair
and from now on can people just stop with the where has the money gone stuff
its not even that hard, just need to engage the old brain
and as for blaming mr mad? for what? for running us as a business ? for ensuring that no matter what happens we will be financially viable.
and yes we were low payers in the prem, but in case no one had noticed we have just been relegated to the championship where we will now be one of the higher payers
Not according to our Chairman.............................Even though we get the £11million parachute, we have still got very highly paid players – even with the reduction in wages, so I think we will have to budget for a small loss.
“Salaries have to be at the middle range and some in the upper range for the Championship.”
http://www.getreading.co.uk/sport/footb ... ut_selling
so in response to me saying we are now one of the higher payers in the championship-youve posted a quote saying we have some in the middle, and some in the higher range?
doesnt that make us one of the highest payers in the championship?
by brendywendy » 22 May 2008 13:53
by Vision » 22 May 2008 14:08
Hoop BlahNorth Somerset Royal The players contracts provide for a 40% reduction in wages on relegation.
Where's that little gem come from?
STEVE Coppell has admitted the club’s transfer dealings this summer will be crucial to their success in the Championship next season.
The Royals boss is determined to keep hold of his best players and fight off interest from Premier League clubs.
But he admits that wholesale changes are inevitable, having already released six players and re-signed four others including Glen Little and Michael Duberry.
“The decisions which will have to be made on players and staff are going to be critical in deciding the future of the club,” said Coppell.
“We’ve got to keep our key players. There is bound to be change, that’s inevitable under the circumstances.
“But we need to keep our key players to make sure we have a real positive challenge.
“Last year we had too many players and there will be a number who will be moved or turned over.
“There will be players leaving but we have to make sure we keep the core of what we are about.”
Players such as Kevin Doyle, Stephen Hunt, Dave Kitson, Marcus Hahnemann, Shane Long, James Harper, Ivar Ingimarsson and skipper Graeme Murty have been an integral part of the club’s success.
However, others like Nicky Shorey and Leroy Lita are almost certain to leave, paving the way for Coppell to pounce in the transfer market.
Royals are inviting bids for Shorey to raise some cash, while cut backs are expected across the board to fill the massive shortfall caused by relegation.
Coppell, the backroom staff and the players will see their wages slashed by around 40% as Royals attempt to ease a £30 million loss in television rights alone this season.
Chairman John Madejski revealed: “There is a hole in the budget at the moment and we’ve got to address that situation. There will be changes and cut-backs and that’s what we’re working on.
“Now we find ourselves in the Championship we are going to have to re-shape things and cut our coat according to our cloth.
“Steve feels the squad is too big at the moment and we may need to do some trading. But we don’t sell anything on the cheap around here. We’re good business people.
“Of course clubs will try and take our players but we won’t let anything slip through our hands. We want to keep our diamonds.
“We certainly don’t want to throw away the family silver and players are more likely to stay than leave with Steve here.”
Coppell was set to quit at the end of the season until the support of fans and the club forced him into a u-turn.
And he admits he was touched by a fans’ demonstration at the stadium last week and the incredible backing he received from 3,000 travelling fans at Derby County when Reading were relegated on the last day of the season.
“That was very significant,” he admitted. “To be honest, players will always tell you what you want to hear in many ways. They’re not going to slag you off while there’s a prospect of you remaining in charge because that could be the end of their careers.
“The important thing was the supporters and also the people working at the club. I have a really good connection with a lot of them, I feel comfortable. Hopefully, as and when I do finish, it will be on a better note than relegation.”
Meanwhile, Madejski admits his search for a new owner to buy the club has been wrecked by relegation.
“As everyone knows full well, when we were in the Premier League I was looking around for my billionaire, who didn’t quite materialise,” he explained.
“Now I’m going to stick with the club until we get back up there. I shall be looking out for that billionaire again as soon as we do.
“They can indulge themselves with monstrously-paid players and hopefully move the club on from there.
“But I think we will be alright for the time being in the Championship.”
by Hoop Blah » 22 May 2008 14:14
VisionHoop BlahNorth Somerset Royal The players contracts provide for a 40% reduction in wages on relegation.
Where's that little gem come from?
Reading Chronicle article although its the paper itself that has said it and is not a direct quote from anyone at the club as such
by Vision » 22 May 2008 14:22
Hoop Blah
Well thats a good start. I'm guessing that's an estimation from the Chronicle though and not a unilateral cut accross all contracts.
It does mean that if it's anywhere near true we're reasonably well positioned, and, all the talk of following the likes of Leeds and Barnsly if we spent any money was wide of the mark because this type of sensible measure was being put in place all along.
by Royal Rother » 22 May 2008 14:24
Hoop BlahVision
Reading Chronicle article although its the paper itself that has said it and is not a direct quote from anyone at the club as such
Well thats a good start. I'm guessing that's an estimation from the Chronicle though and not a unilateral cut accross all contracts.
It does mean that if it's anywhere near true we're reasonably well positioned, and, all the talk of following the likes of Leeds and Barnsly if we spent any money was wide of the mark because this type of sensible measure was being put in place all along.
by Thaumagurist* » 22 May 2008 14:41
by Hoop Blah » 22 May 2008 14:58
Royal Rother It would be interesting to know whether Derby, Birmingham, Fulham, Sunderland, Wigan et al were similarly prudent, or maybe if they were not gave them an advantage in the transfer market. This could explain a few things...
All guesswork - where would we be without unfounded speculation eh?
by Ian Royal » 22 May 2008 16:47
Denver Royal A big LOL at those who have no time for Shorey.
Yeah, we'll show him, huh?
People said the same about Sids, and look where that got us.
Nah, we wouldn't miss Sids at all. And in a sad way, we pretended we didn't.
Little ole Reading...when will we ever learn...maybe never.
by Ian Royal » 22 May 2008 16:55
brendywendyIan Royal
Given our Prem wage bills was something around the £20m mark maybe a bit less, maybe a bit more. That shows how much we need to cut it by. I'd say by at least £5m. Bare in mind Hunt alone costs us about £1.5m
26 million 1st year prem
26+++ 2nd year
i think
by North Somerset Royal » 22 May 2008 19:02
North Somerset Royal The players contracts provide for a 40% reduction in wages on relegation.
http://www.getreading.co.uk/sport/football/readingfc/s/2028587_we_cant_buy_without_sellingSlashing the wages of Coppell and his players by around 40 per cent will not be enough to balance the books.
So the club will look to sell one of their most valuable assets, England international Nicky Shorey, who has been a target for West Ham, Newcastle and Aston Villa and has made it clear he wants to leave.
by PEARCEY » 22 May 2008 20:17
by brendywendy » 22 May 2008 20:58
by PEARCEY » 22 May 2008 21:01
by brendywendy » 22 May 2008 21:05
PEARCEY Maybe Brendy. Its disapponting all the same that Shorey appears to have gone this way in recent times.
by Ian Royal » 22 May 2008 22:42
by andrew1957 » 22 May 2008 22:53
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