by glenroyal » 15 Feb 2010 09:16
by Jack Celliers » 15 Feb 2010 09:46
by BR2 » 15 Feb 2010 09:57
by Sun Tzu » 15 Feb 2010 10:12
BR2 It's all very well but our chairman is now a poor old age pensioner and who knows how long he will last on this earth with the above RPI fuel increases leading to major running costs of chez Mad.
Wouldn't it be better if he sold now and kept his promise that he wouldn't sell to just any old buyer rather than wait until the executors of his will/estate try to come up with the biggest offer for the benefit of his heirs?
The excitement of Saturday will no doubt have shortened his life expectancy as it has for the rest of us.
by Vision » 15 Feb 2010 10:13
by loyalroyal4life » 15 Feb 2010 10:16
by Silver Fox » 15 Feb 2010 10:25
Vision He's been around football long enough to know that whatever happens fans feelings towards him are fickle. A good spell on the pitch and he's a God, a bad spell and he's a money-grabbing egomaniac.
by Comfortably Numb » 15 Feb 2010 10:40
West_Reading I was just wondering after the week that's just past and the number of clubs facing winding up orders, who still wants Madejski to sell up to the closest 'Arab billionaire'? I've said it before, I think we've spent a lot of money recently for a club in our position and I for one am grateful to have SJM.
by Sun Tzu » 15 Feb 2010 10:47
Comfortably NumbWest_Reading I was just wondering after the week that's just past and the number of clubs facing winding up orders, who still wants Madejski to sell up to the closest 'Arab billionaire'? I've said it before, I think we've spent a lot of money recently for a club in our position and I for one am grateful to have SJM.
Agreed, but SJM has also lost his mojo and has achieved everything he wanted to with Reading.
by Terminal Boardom » 15 Feb 2010 11:02
Vision It's this "ego" thing that stops him from selling but not solely in the way others have indicated.
He's been around football long enough to know that whatever happens fans feelings towards him are fickle. A good spell on the pitch and he's a God, a bad spell and he's a money-grabbing egomaniac. What he really wants is to leave a legacy which is precisely why he won't sell to anyone without the best interests of the club at heart. He knows that legacy won't be defined by where we are in a league table at any given time but in how we function when he's not around.
FWIW (and i have nothing to back this up other than a hunch) I think he had a satisfactory buyer lined up that last Premiership season and had we stayed up (or even gone straight back up) I think the club would be in different hands today similiarly to what occurred at Birmingham City.
Whether that would have been a good thing or not I'm not entirely sure.
by Plymouth_Royal » 15 Feb 2010 11:17
by Hoop Blah » 15 Feb 2010 11:44
by Jimmy the Tree » 15 Feb 2010 11:57
Plymouth_Royal As someone pointed out he is a great businessman and as a result what he says are different from his intentions. He wants to sell, no denying that. But he says wants to sell to a footballing man who understands the club. These days that is a bit of a rarity and I honestly think he's looking for the chairman who is going to pay stupid money for his overly priced club. It's odd how many teams can attract a new owner just like that yet we can't, maybe due to his valuation of the club?
by ElmParker » 15 Feb 2010 12:09
by rabidbee » 15 Feb 2010 12:30
Jimmy the Tree Have there really been any people taking over a Championship Club and injected the sort of money that the fans want, without running up massive debts?
by Dirk Gently » 15 Feb 2010 12:39
rabidbee ^^^ Word.Jimmy the Tree Have there really been any people taking over a Championship Club and injected the sort of money that the fans want, without running up massive debts?
Can you even inject that kind of money as a top-4 team without running up massive debts?
by Jimmy the Tree » 15 Feb 2010 12:51
Dirk Gently
If you inject any kind of money - unless you actually give it over and expect nothing back - then you are running up debts. They may not be external debts, but they still appear on the balance sheet as debts and have to be paid back one way.
by Dirk Gently » 15 Feb 2010 12:56
Jimmy the TreeDirk Gently
If you inject any kind of money - unless you actually give it over and expect nothing back - then you are running up debts. They may not be external debts, but they still appear on the balance sheet as debts and have to be paid back one way.
Thats the point I was trying to make, I couldn't think of any clubs that had been given money without it being a debt to the club.
I wasn't sure what Jack Hayward did at Wolves though, as he was a lifelong fan, I don't know if all the money he invested in the Stadium and team were gifts or are still haunting the current owners.
by BR2 » 15 Feb 2010 13:10
Sun TzuBR2 It's all very well but our chairman is now a poor old age pensioner and who knows how long he will last on this earth with the above RPI fuel increases leading to major running costs of chez Mad.
Wouldn't it be better if he sold now and kept his promise that he wouldn't sell to just any old buyer rather than wait until the executors of his will/estate try to come up with the biggest offer for the benefit of his heirs?
The excitement of Saturday will no doubt have shortened his life expectancy as it has for the rest of us.
If SJM has made a will (pretty certain) then he'll have left his assets to someone and the the executors are unlikely to have anything to do with it.
In many ways (and without tempting fate) the scenario you paint is probably the least problematic for the club as he'll have had years to plan for it and ensure appropriate arrangements are in place. if ownership passed to his daughters it would effectively mean a 'no change' situation to what we have now.
by Wycombe Royal » 15 Feb 2010 13:13
BR2 Incidentally for such a successful businessman he must have badly mismanaged matters to be so seriously affected by the credit crunch that he had to sell so many players
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