Smoking Kills Dancing Doe
The Chairman's owns the training ground.
100%
Agreed he owns the land and RFC pays rent for the lease, but the club owns the improvements.
by westendgirl » 19 Aug 2008 19:21
Smoking Kills Dancing Doe
The Chairman's owns the training ground.
100%
by Smoking Kills Dancing Doe » 19 Aug 2008 19:25
westendgirlSmoking Kills Dancing Doe
The Chairman's owns the training ground.
100%
Agreed he owns the land and RFC pays rent for the lease, but the club owns the improvements.
by westendgirl » 19 Aug 2008 19:27
Smoking Kills Dancing Doewestendgirlsawyers left arm Finally people are realising what this bloke is about. Madejski is filling his pockets to go and when he walks and is bought out he will have made a profit. Good business I suppose but I just want rid of him asap.
I am no apologist for JM - in fact I have serious doubts about him in some aspects but as far as him having his loans repaid, anyone who thinks he lent the money in the first place with any anticipation of repayment is in cloud cuckoo land. Also he has converted a fair amount of loans to shares and so will not see any of this until the club is sold. And for those just calling for him to go, who do you want in his place? Just someone with money no matter how they got it and whether they have any regard for the club? I don't, but unless JM finds that buyer, and so far despite everyone in football knowing he wants out, there has been no new sugar daddy waithing to throw millions into the club and no sign of the other money he has put into the club ever materialising.
So all you calling for him to go what do you intend if he just says I can't sell but I've had enough so it is up to you now to keep the club afloat?
The fact is you can't deny that's that is not what he let people believe.
How many interviews has he given over the years talking of all the money he's given to Reading FC?
There's nothing wrong with what he's doing imo and another manager would have spent more money than Coppell has, but you can't claim that JM has been totally open when it comes to his financing of the club.
by Stranded » 19 Aug 2008 19:27
Streetsbrendywendy
im not sure why him aspiring to make us self financing should lead to such ridicule, hatred, and vitiol against him
How many football clubs can actually achieve this long term outside the top four? None I'd say.
Sure, we could well have made £15m by selling Doyle, Shorey and Kitson by the end of next week, but that money more or less goes into this club paying for itself idea.
How long can we maintain selling our best players to fund the running of the club before we go tits up and bounce around the lower leagues once again?
In football, clubs just don't make enough money to run themselves, and it's getting worse.
You need someone with some millions to help bankroll you. Even if it was back to the days of a £800,000 summer signing each summer and a few players cheap. It built what we have piece by piece and a club trying to run itself wouldn't manage that long term.
by westendgirl » 19 Aug 2008 19:29
Smoking Kills Dancing DoewestendgirlSmoking Kills Dancing Doe
The Chairman's owns the training ground.
100%
Agreed he owns the land and RFC pays rent for the lease, but the club owns the improvements.
Not really worth much if he sells the land.
by Smoking Kills Dancing Doe » 19 Aug 2008 19:30
by westendgirl » 19 Aug 2008 19:33
Stranded [
Your assumption there is that the current situation re finances in football will stay the same. That people will continue to pay hand of over fist for tickets/tv subscriptions etc - I don't believe they will especially if things continue to get tighter out in the real world.
by westendgirl » 19 Aug 2008 19:33
Smoking Kills Dancing Doe And there's no place for informed facts on HobNob.....
by Northern Git » 19 Aug 2008 20:36
westendgirlwestendgirl
I have seen accounts for several years and from memory the loans to the football club ARE interest free and the loans to the hotel are at a rate below bankrate. I think I have a copy somewhere so will try to check and confirm.
Sorry got this the wrong way round - the loan to the hotel is interest free and the one to the football club is at 1% below HSBC base rate. The 2 loans are 17milion and 8million respectively.
Northern Git - in the related party transactions the only management fee mentioned is £50k charged by RFC
by Northern Git » 19 Aug 2008 20:47
by Royal Rother » 19 Aug 2008 21:20
by Arch » 20 Aug 2008 05:02
I've been mulling over your posts for quite a few hours, and inclined to ignore them, but I want to have one last stab at this before I call on the dreaded ignore button. I've agreed with you about one or two things but not here and as daft as it is this makes me angry. We have a club that is about to play its seventh successive season in the top two tiers, this year as among the favourites to go up; we had a record-breaking promotion team, two years of competing in the Premiership and really competing unlike many clubs who sneak their way up; a manager who was LMA manager of the year two years in a row in competition with the likes of Alex Ferguson, Jose Mourinho and Arsene Wenger; our gate last Saturday was 19,000, with 14,000 season ticket holders; our club is awash in international players; we have as close to as good a chance of getting promoted to the top flight this season as we've ever had an our history. None of this is an accident. It's not just a lucky coincidence that the right players and the right manger with the right infrastructure fell together at the right time. John Madejski made the club what it is today. If you disagree with the current policies of the club, its conservatism, its lack of transparency, OK. To some extent I've expressed concerns too. But to talk such unadulterated shit as you do about John Madejski - to suggest that he's not even part of "we" any more - is beyond appalling. It is possible to be critical without losing all semblance of balance and reason and it is possible to express your feelings without using the same tired sarcasm and cliched exaggerations over and over and over again.howser With the latest instalment of what JM said in his interview regarding the fact ,we, sorry forgot JM cant be considered as we now !!, Reading wont be spending large sums on transer fees or paying those nasty high salaries anymore ?, have we ever ???? do any of my wiser and more informed hob nobbers have any idea what his idea of large is ?? as that figure would allow us not to get too excited about new players they are alledgedly chasing once the fee is over his "acceptable" amount.
by stl_royal » 20 Aug 2008 06:46
Streets Now can those that believed it was Coppell not wanting to spend the money please accept it is in fact John Madejski holding this football club back!!!
Time to sell up and let someone else come in!
by Sarah Star » 20 Aug 2008 07:57
by Drew_3 » 20 Aug 2008 08:12
by Handsome Man » 20 Aug 2008 08:37
Drew_3 he has done great for Reading Football Club. but the sooner he leaves the better!
by Royal Rother » 20 Aug 2008 09:28
ArchI've been mulling over your posts for quite a few hours, and inclined to ignore them, but I want to have one last stab at this before I call on the dreaded ignore button. I've agreed with you about one or two things but not here and as daft as it is this makes me angry. We have a club that is about to play its seventh successive season in the top two tiers, this year as among the favourites to go up; we had a record-breaking promotion team, two years of competing in the Premiership and really competing unlike many clubs who sneak their way up; a manager who was LMA manager of the year two years in a row in competition with the likes of Alex Ferguson, Jose Mourinho and Arsene Wenger; our gate last Saturday was 19,000, with 14,000 season ticket holders; our club is awash in international players; we have as close to as good a chance of getting promoted to the top flight this season as we've ever had an our history. None of this is an accident. It's not just a lucky coincidence that the right players and the right manger with the right infrastructure fell together at the right time. John Madejski made the club what it is today. If you disagree with the current policies of the club, its conservatism, its lack of transparency, OK. To some extent I've expressed concerns too. But to talk such unadulterated shit as you do about John Madejski - to suggest that he's not even part of "we" any more - is beyond appalling. It is possible to be critical without losing all semblance of balance and reason and it is possible to express your feelings without using the same tired sarcasm and cliched exaggerations over and over and over again.howser With the latest instalment of what JM said in his interview regarding the fact ,we, sorry forgot JM cant be considered as we now !!, Reading wont be spending large sums on transer fees or paying those nasty high salaries anymore ?, have we ever ???? do any of my wiser and more informed hob nobbers have any idea what his idea of large is ?? as that figure would allow us not to get too excited about new players they are alledgedly chasing once the fee is over his "acceptable" amount.
In the last few days, howser, I've tried not get lit up at the negative posts of people who obviously care about Reading football. I've expressed agreement with you in particular on a couple of occasions. I'm not calling you a muppet or, as I was tempted to earlier, an absolute unmitigated pillock. But I think you're so wrong in this post and the previous one and it makes me furious when I see how little respect people have for a man who has made our club.
by Vision » 20 Aug 2008 09:28
Sarah Star They're talking about it on the BBC Sport blogs now:
http://www.bbc.co.uk/blogs/paulfletcher ... tml#035131
Someone said they're entertainers. Bollox i say. Springsteen is an entertainer. Titus Bramble isn't.
by Vision » 20 Aug 2008 09:32
Drew_3 he has done great for Reading Football Club. but the sooner he leaves the better!
by Mr Angry » 20 Aug 2008 10:00
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