Madejski: Get up so I can sell up
If the bank called in the over draft of any business it would be a problem.
And I suspect in the league table of overdrafts we're nowhere near Premier League.
Football as a whole could get really badly hit although somehow the TV rights keeping bringing in big money.
And I suspect in the league table of overdrafts we're nowhere near Premier League.
Football as a whole could get really badly hit although somehow the TV rights keeping bringing in big money.
Who does the club bank with?
I suspect the money is spread around a bit, but a bank would have to hit the wall for them to call in the debt.
The club makes a profit so is in a perfect situation to ride out the storm. If I was a Wolves or Birmingham fan I would be far more worried.
I suspect the money is spread around a bit, but a bank would have to hit the wall for them to call in the debt.
The club makes a profit so is in a perfect situation to ride out the storm. If I was a Wolves or Birmingham fan I would be far more worried.
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IMAMATEOFJOVSKY
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Does make you wonder where all the money has gone again if the situation is that precarious?
We bought in £11m plus from transfer dealings plus we got some big earners off the wage bill and spent £1.5mish?
Crowds have stayed relatively high throughout the season
We've topped up Shunts earnings - hardly deserved I say
Maybe its because we're not all buying the 6 pints of crap lager in plastic glasses before kick off each game - thats nothing to do with the economy!
Not sure its a good idea Sir giving the "we're nearly broke" speech when he's trying to sell the club
We bought in £11m plus from transfer dealings plus we got some big earners off the wage bill and spent £1.5mish?
Crowds have stayed relatively high throughout the season
We've topped up Shunts earnings - hardly deserved I say
Maybe its because we're not all buying the 6 pints of crap lager in plastic glasses before kick off each game - thats nothing to do with the economy!
Not sure its a good idea Sir giving the "we're nearly broke" speech when he's trying to sell the club
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Sarah Star
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He's hardly selling the club by emphasizing how worried he is about the overdraft being called in, is he?
I think that's the point being made.
Anyway it's a non-story.
Football Club has overdraft shocker.
No shit, Sherlock?
Anyway it's a non-story.
Football Club has overdraft shocker.
No shit, Sherlock?
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The Real Sandhurst Royal
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No real news with this article other than Sir John stating the obvious that the economic downturn could have an impact on football club finances in general!!
RFC are a lot better off than many other clubs at this moment in time due to the prudent financial efforts.
Just look at Norwich, Charlton and Southampton who are ex premier clubs really struggling to het money in to maintain their Championship status!
RFC are a lot better off than many other clubs at this moment in time due to the prudent financial efforts.
Just look at Norwich, Charlton and Southampton who are ex premier clubs really struggling to het money in to maintain their Championship status!
IMAMATEOFJOVSKY Does make you wonder where all the money has gone again if the situation is that precarious?
RFC existed before 2005 shocker !!
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winchester_royal
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Quite how we managed to get into such debt is a mystery.
winchester_royal Quite how we managed to get into such debt is a mystery.
and what have we got to show for it !
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Rex
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Pure fishing and sound bites for a non event story.
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jonboy29red
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sorry if this have been posted else were today heard a report on 107 dunno how true but it said madajeski said if the banks called in the clubs over draft then we wold be in big big trouble and also we would need investment to survive if we go up
http://www.skysports.com/story/0,19528, ... 83,00.html
Not really news though, surely any club who has its overdraft recalled is in the s**t.
Not really news though, surely any club who has its overdraft recalled is in the s**t.
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Rex
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Tis indeed a dodd.
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Half Man Half Biscuit
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royalexile Tis indeed a dodd.
But is he right to worry?Seeing as Madejski is worth either £400m or £800m (I forget which), we wouldn't be in deep trouble. What's the difference between £400m and £370m (other than the obvious £30m)? I'm sure he wouldn't be tight-fisted enough not to pay it off.
SCIAG Seeing as Madejski is worth either £400m or £800m (I forget which), we wouldn't be in deep trouble. What's the difference between £400m and £370m (other than the obvious £30m)? I'm sure he wouldn't be tight-fisted enough not to pay it off.
He may be the guarantor of the debt anyway.....
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gazzer, loyal royal
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Madejski means the club itself, not anything to do with him. I cannot see with all the investment, he would ever see this club goes under, even if he still owns it or not
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