Chairman Backing

[brendywendy]

Much as I berate Madejski, unless there's someonw willing to put money in it's pointless him going.

Although he has the ambition of a peanut and wants to maintain us as a Nearly Club for his own financial gain he is still currently the best we have and to be fair he has done a lot for us already.
No hard feelings towards JM, who is actually a nice enough chap, but his time is up. He has achieved the dream of taking us up and he no longer has anywhere near the passion to take us to the next level. We may be kidding ourselves that he's *still* our saviour but the sad fact is we're all just waiting for someone to come along who will move us on to the next level i.e. get us back up and actually try to keep us up.

Until then we've got a nice but irritating chairman who is happy for us to be Reading Nearly Club and I'm afraid it looks like we're goin to have to lump it.

And the saddest truth of all is thanks to our sortsighted little Reading mentality 60% of Reading fans can't look beyond what he did in the past and haven't found a way out of his rectum yet and this perpetuates the problem of making do with a chairman who is less than we deserve, as the largest town in the UK, one of the most affluent places in the UK with an enormous catchment area.
*bangs head against brickwall of Rectum-inhabiting mongs*

for his own financial gain he wishes us to remain where we have consistently lost money, and not return to the only place weve ever made a profit? - eh?!
he wants us to remain where no one wants to buy us off him, and not return to the only place anyone is interested in buying a football club?
-mental!



how many of the posts on this very thread are saying "i love JM, hes the greatest thing this club has ever had, and therefore i wish he would stay forever"?
-this rectum crew must be pretty small?
personally im on record as viewing him as a total irrelevance to the club given hes not willing to pour his own money in, and a bit of a wiggy weirdo to boot.
does this quaify me for the crew? if so id say your criteria are a bit off.



what are your views on new owners buying the club?
do they need to pump more money in than JM? how much more?
do they basically need to write all this money off year on year to ensure we keep improving?
can you name me anyone who would be mental enough to do this without taking all their money, and a profit back at some point, leaving the club in exactly the same position.


its pretty clear that this clubs only chance of sustained progression is by spending only what we bring in, improving the academy, and bringing players through and using them to either improve the side, or the bank balance.
running a club on someone elses money is unsustainable, and daft.
i just dont see what the hell you lot are oxf*rd whingeing about, just use your brains to assess the situation properly, insead of behaving like some group of dreamworld dwelling morons.

basically from what i can see, to get your approval of him as chairman he would have to basically throw away 1-5 million pound a year, and never ever want any of it back.
good luck with that

[Yellowcoat]

See Roadrunner that is a great post rather than your knee jerk reaction to a stupid one.

[bcubed]

Saturday's Whiff had a very detailed 3-page financial analysis of all of this, with extracts from annual accounts.

D'oh!

That was where I noticed it and then didn't get around to reading it. I was convinced I had seen it on HNA somwehere

Now that I have read it, it is a very good and clear summary of the financial situation

I wonder if the author is a nobber? if so perhaps he could post it here to end the debate once and for all?

I am fairly sure the author is a nobber but you are deluded if you think anyone can end the debate for once and for all as every time the finances are mentioned the same questions are raised and the same prejudices appear despite factual information to the contrary (as well as the 'you can't trust accountants' arguement which nothing can ever counter).

The at the end of the post was meant to indicate that I thought a successful outcome was unlikely.

But nevertheless it is a persuasive article

[Ian Royal]

I've not read it, but it's only persuasive if you're actually open to taking in what it says, rather than dismissing anything that doesn't reinforce the view you already hold. Which is the attitude of virtually everyone on here who still questions "where the money's gone". Admittedly some may just be genuinely too stupid to understand the information.

[Royal Rother]

Holy crap - I catch up on this thread most days as it kinda fun to see how the ignoramuses amongst us are thinking. It rarely disappoints....

(Try as I might (and have), I've no choice but to stop there because my vocabulary is incapable of adequately describing my thoughts on today's offerings. I just need someone to quote a Royal Blue post and my day will be complete.)

[Bucks Dave]

Umm. I'm the author of the article in the Whiff but at 3 pages it's much too long to have as a reply on this thread. The Whiff tend to have a more reasoned and realistic outlook on life than some on HNA.

Am happy to download it as an article on this site if Graham or another moderator can tell me how but I really am not interested in doing so if I simply get told I'm up SJM's rectum, such is the standard of debate here. And I'm off overseas for a few weeks so will disappear shortly, missing the Everton game.

[RoyalMortimer]

God bless Sir John Madjeski but its time for a change.

[Ian Royal]

God bless Sir John Madjeski but its time for a change.

Are you making an offer? Or can you broker a deal for someone?

[Yellowcoat]

Can anyone help Bucks Dave with his offer before he goes away? The usual non believers can then make their comments in his absence.

[Rev Algenon Stickleback H]

And the saddest truth of all is thanks to our sortsighted little Reading mentality 60% of Reading fans can't look beyond what he did in the past and haven't found a way out of his rectum yet and this perpetuates the problem of making do with a chairman who is less than we deserve, as the largest town in the UK, one of the most affluent places in the UK with an enormous catchment area.

*bangs head against brickwall of Rectum-inhabiting mongs*

simple question....how much money should a chairman be pumping in every year to qualify as being the sort of chairman "we deserve"?

[roadrunner]

Umm. I'm the author of the article in the Whiff but at 3 pages it's much too long to have as a reply on this thread. The Whiff tend to have a more reasoned and realistic outlook on life than some on HNA.

Am happy to download it as an article on this site if Graham or another moderator can tell me how but I really am not interested in doing so if I simply get told I'm up SJM's rectum, such is the standard of debate here. And I'm off overseas for a few weeks so will disappear shortly, missing the Everton game.

Make that a plastic rectum then.

[brendywendy]

just to add- there is an area where JM may be due criticism. and that is his asking price for the club.
it was rumoured as 100k 1st year in the prem, and 80k first season down. if hes maintained that asking price then i would happily criticise him for it.
id imagine hes reduced it somewhat though, and until we get the real figures even that is pointless whingeing about.

[Royal Lady]

I reckon if someone had shown any interest in buying the club JM would have reduced his price down from the £100 mill and £80 mill figures anyway. The fact is, no one is interested and I can't say I blame them. I just hope that JM realises he could be in for the long-haul here and that he adjusts his mindset accordingly. There's nothing worse than telling yourself you're leaving somewhere and then being stuck there (for whatever reason) as you lose your drive etc and I think, to some extent, this is what has happened to JM.

If he were desperate to cut and run, he'd sell the club off for £30 or £40 million - at least, that's what I'd do. But I honestly don't believe there is anyone who wants us, even for that price, at the moment.

[Royal Rother]

Why do people keep saying that JM has "lost interest" in RFC?

Is there any real evidence of that? The fact that he is not chucking money at it is NOT evidence of waning interest.

[Royal Lady]

Why do people keep saying that JM has "lost interest" in RFC?

Is there any real evidence of that? The fact that he is not chucking money at it is NOT evidence of waning interest.

He used to be at all the games, home and away - I can't say I've noticed him at all the games I've been to.

[Royal Rother]

All the games? I really didn't think that was the case.

I'm sure he attended more games in the PL - the opportunities to improve the club's profile and forge useful contacts are so much greater in scale at PL games that I'm sure he would have seen it as a fairly important part of his role for the club. Plus of course the hospitality would have been so much better!!!

Thing is, I can accept the fact that his interest in the football / glamour side of things may have waned now we are back in the Championship, and of course, as he gets older, but I really doubt his interest in RFC (the business) has waned at all.

Neither do I believe that his greater attendance at PL football, or the glamour and celebrity associated with it, will have resulted in him making decisions about expenditure / investment with a different mindset to the one he has now.

It's all just business to him.

[brendywendy]

Why do people keep saying that JM has "lost interest" in RFC?

Is there any real evidence of that? The fact that he is not chucking money at it is NOT evidence of waning interest.

He used to be at all the games, home and away - I can't say I've noticed him at all the games I've been to.

is that because he was ridiculously boo'd the last time he came out on the pitch by all the "wheres all the money gone"ing idiots?

even then i wouldnt take it as evidence of anything. before we went up he spent half of each season in the far east doing businessy stuff

[Hoop Blah]

....before we went up he spent half of each season in the far east doing businessy stuff

You mean avoiding the taxman!

I've always maintained that Madejski's selling the club story hasn't really changed since the day he took over. If someone better comes along that he feels will take good care of the club he's recuilt and will return him the majority of the money he's ploughed into the club (and these days give him a well earned profit too) then he'll sell.

I don't blame him for wanting the right price, and I'm glad he seems to want to only sell to someone with the right intentions.

Where I think he's a little unrealistic is when he wants the club to be self sufficient. I think it's a noble cause and perhaps the correct thing to do in some ways, but if you want to be competitive I don't think it's achievable.

The change we're seeing now is the club running at breakeven or better whereas before we went up to the Premiership Madejski was realistic (and cash rich) enough to support us being competitive and happy to chase the dream of promotion like everyone else (to varying financial degrees).

We're now living in a different Madejski era where the bottom line rules over league position. In a market where everyone else is happy to invest and speculate to accumulate that means we're only ever going to be able to challenge for 5th-12th place if we have a good season.

[Royal Rother]

We're now living in a different Madejski era where the bottom line rules over league position. In a market where everyone else is happy to invest and speculate to accumulate that means we're only ever going to be able to challenge for 5th-12th place if we have a good season.

Just because that is how it looks this season does not mean that is how it will be forever. An astute / lucky cheap signing or 2 that really come good can make all the difference to a team. And the point is that at some stage, those who continue to speculate are going to come crashing down to reality. We won't.

I know I've been predicting it for a while but many football clubs have unsustainable business models and are going to face reality in the next 2 years. I don't think people are facing up to what the cuts / strikes / pay freezes / increasing oil prices etc. etc. are going to do to people's disposable income. Gates WILL come crashing down - expenditure on football tat WILL come crashing down. And clubs are going to crash and burn.

We stay on our steady course and we will make hay. Sure times are tight at Reading as well but, unlike other clubs, we won't have to take drastic action to remain in business because we don't have a model built on ridiculous levels of debt.

It's gonna happen....

[Bandini]

Just because that is how it looks this season does not mean that is how it will be forever.

I can't agree with that, Rother. All current trends are permanent, otherwise how can we make terrifyingly certain predictions about our future and use those to damn the Chairman now?