Oh, What A Lovely Defecit!

[Franchise FC]

If I were looking to buy an asset the last thing I'd be doing is shouting that I've got oodles of cash. In fact, I'd plead poverty in order to ensure the seller didn't simply inflate the price of what I'm trying to buy because I had some dosh.

Apply that to the RFC model.

[Royal Lady]

Yes, but did you hear McD? He sounded really pissed off and down. Either he's an excellent actor or he's telling the truth and he DOESN'T have any money from the sale of Mills.

[RoyalBlue]

If I were looking to buy an asset the last thing I'd be doing is shouting that I've got oodles of cash. In fact, I'd plead poverty in order to ensure the seller didn't simply inflate the price of what I'm trying to buy because I had some dosh.

Apply that to the RFC model.

Apply the RFC model to the real world:

Plead poverty to me and I would still tell you to get stuffed if you weren't able to pay me what I felt my asset was worth. Sellers really aren't that gullible - I'm pretty sure it will be a case of 'same old Reading pleading poverty again when we all know they are far better off than many clubs'.

Well, McD didn't sound too happy in his BBCRB interview. I trust McD to the hilt and I don't believe that he is just saying he can't spend any of the Mills money - if .....................
........personally, I read into this that Mills had no intention of going initially, but something has happened to force his hand.

Echoes of The Sig situation? Player not really wanting to go but the businessmen persuading him that he needed to in the best interest of the club?

If true, I apologise to Mills for slagging him off but god knows why he is prepared to be the fall guy, rather than give his side of the story as Sig did.

[Northern Git]

Perfect.

I suggest this thread is allowed to become a haven for the miserable tossers.

Well you are on here so its got a good start

[FiNeRaIn]

Fantastic stuff!! Keep it going guys.

See RR, you really aren't impartial on this anymore. You tend to disagree with anyone who disagrees with the club. The fact is we have made astronomically more than any other football league club in the last 3/4 years and yet we have invested absolute minimal amounts on the playing squad - especially compared to our rivals. I mean its that black and white. Why is it every other club can cope with todays financial climate without having to sell players for 7,6,5,4 million ,etc which is what we have been doing. Yet we still cannot muster up money to spend on the team after making over 35 million in play sales since relegation? I mean its laughable you think people complaining about it are in the wrong, I put it on par with kim jong il followers in north korea....everyone else can see he's a c**t yet a lot of the people there have massive support and love for him. I honestly believe we could sell 30 million worth of players this summer...spend none of it on the team after the club claims there are some random black hole's somewhere and some of the posters on here would be perfectly happy with that because we aren't " doing a bradford" or because " I remember when we played in front of crowds of 5,000 in the old division two" -- get a fvcking grip. In order to progress as a club you need to keep your best players and invest in the playing staff. I understand that every now and then you'll need to sell to a bigger club and that's when you use portions of that money for significant replacements, what you don't do is bank 90% of it and find some random from the lower leagues to replace a club captain, top goalscorer or previous player of the seasons, that's when you move backwards as a club and that's exactly what we are doing.

[Northern Git]

If I were looking to buy an asset the last thing I'd be doing is shouting that I've got oodles of cash. In fact, I'd plead poverty in order to ensure the seller didn't simply inflate the price of what I'm trying to buy because I had some dosh.

Apply that to the RFC model.

But the statements from the club are always that we have the perfect sustainable financial model, (expanding and contracting 'black holes' not withstanding) so pleading poverty does not wash. The 'perfect' model would of course combine reasonable, balanced income achievements and predictions coupled with reasonable, balanced expenditure achievements and forecasts.

[Tamworth_Royal]

If I were looking to buy an asset the last thing I'd be doing is shouting that I've got oodles of cash. In fact, I'd plead poverty in order to ensure the seller didn't simply inflate the price of what I'm trying to buy because I had some dosh.

Apply that to the RFC model.

It doesn’t take a Sherlock to realise Madejski has been hoarding the cash over at least the last few seasons. Other clubs know we are cash rich at the moment from huge player profit sales, it’s only some of the idiots on here who haven’t clicked that fact.

Are those idiots stupid enough not to realise all the spin from the club at the moment is all youth talk! Just look at the official club site over the past week.

http://www.readingfc.co.uk/page/NewsDet ... 30,00.html

http://www.readingfc.co.uk/page/NewsDet ... 34,00.html

http://www.readingfc.co.uk/page/NewsDet ... 70,00.html

http://www.readingfc.co.uk/page/NewsDet ... 29,00.html

http://www.readingfc.co.uk/page/NewsDet ... 93,00.html

http://www.readingfc.co.uk/page/NewsDet ... 82,00.html

Forget new signings (AGAIN) even after when Madejski pockets Long’s cash.

Brian did an amazing job last season, but if you see his last quote all of this is wearing a bit thin even on him.

[PEARCEY]

Surely successful businesses invest in their staff?

[Tamworth_Royal]

Yes, but did you hear McD? He sounded really pissed off and down. Either he's an excellent actor or he's telling the truth and he DOESN'T have any money from the sale of Mills.

Brian and most of us pissed off !

Which leaves those who argue in defence of the clubs sell sell sell policy either thick or Just for the sake of it always argue the indefensible because they can only be plant’s on here from the club. .

[Tamworth_Royal]

Surely successful businesses invest in their staff?

Yes News of the World did

[Rev Algenon Stickleback H]

Fantastic stuff!! Keep it going guys.

See RR, you really aren't impartial on this anymore. You tend to disagree with anyone who disagrees with the club. The fact is we have made astronomically more than any other football league club in the last 3/4 years and yet we have invested absolute minimal amounts on the playing squad - especially compared to our rivals.

Let's be frank here. Our rivals aren't the clubs splashing out millions on new players. Our rivals are the mid-table clubs who hope to get in the play-offs.

Why is it every other club can cope with todays financial climate without having to sell players for 7,6,5,4 million ,etc which is what we have been doing?

I would guess we stay up near the top, despite only having average crowds, by spending more on salaries than we can really afford.

We have two options. Have a weaker and cheaper squad, or sell the better players.

Having players one year from the end of their contract also forces our hand somewhat. I mean, with him set to go on a free next summer, is there anyone who thinks flogging Mills for £5 million is a poor piece of business?

Yet we still cannot muster up money to spend on the team after making over 35 million in play sales since relegation?

It must be a first in the history of the game.

I understand that every now and then you'll need to sell to a bigger club and that's when you use portions of that money for significant replacements, what you don't do is bank 90% of it and find some random from the lower leagues to replace a club captain, top goalscorer or previous player of the seasons, that's when you move backwards as a club and that's exactly what we are doing.

Sadly that's reality for you. We punched above our weight as a club for a number of years and we're now moving to more where we ought to be as a club.


Mind you, sell Shane Long and don't spend a decent chunk of that, and questions will need to be asked. I mean, you can say some of the excess Gylfi money went to paying the salaries of Zurab and Liegertwood (and the latter's transfer fee) which probably came to around £2 million in all, so a large chunk of the Mills money (some of which went to Doncaster, after all) would be needed to cover this year's shortfall. It would be very hard to make a rational case for another £6 million or so from Long going also being required to plug any shortfall this year though.


Overall though, it's pretty comical that there's a "why haven't we spent any money?" thread just one day after a transfer went through.

[savage 4 england]

I was under the impression that selling Gylfi was meant to sort us out for this summer?

The shortfall was supposedly £4m per year. Last summer we raised £7m from Gylfi (this obviously depends on clauses, but I thought the deal offered a lot of cash upfront) and about £1m from Henry, Cisse and Matejovsky. Equalling £8m.

We may have spent £2m on Zurab, Harte and Leigertwood. So, there should be a £2m shortfall and that's forgetting the play-off final and cup run. We sold Mills for £4.5m upfront, so in theory we should have £2.5m excess. I'm not expecting us to spend all of that, but come on there's no way we shouldn't have enough to find a replacement.

I think I'm a reasonable fan and I understand we have to make funds to cover the gaps. However, this is getting ridiculous, we are being lied to about how bad the finances of this football club are.

[Tamworth_Royal]

Perfect.

I suggest this thread is allowed to become a haven for the miserable tossers.

9772 posts and counting

9781 Posts and counting lol Rother Did you start losing you hair about the same time as you started defending the Indefensible or was it when you became Madejski's blue eyed boy !(The handsome bald fella with the blue eyes)

[blueroyals]

The fact is we have made astronomically more than any other football league club in the last 3/4 years and yet we have invested absolute minimal amounts on the playing squad - especially compared to our rivals. I mean its that black and white. Why is it every other club can cope with todays financial climate without having to sell players for 7,6,5,4 million ,etc which is what we have been doing. Yet we still cannot muster up money to spend on the team after making over 35 million in play sales since relegation? I mean its laughable you think people complaining about it are in the wrong, I put it on par with kim jong il followers in north korea....everyone else can see he's a c**t yet a lot of the people there have massive support and love for him. I honestly believe we could sell 30 million worth of players this summer...spend none of it on the team after the club claims there are some random black hole's somewhere and some of the posters on here would be perfectly happy with that because we aren't " doing a bradford" or because " I remember when we played in front of crowds of 5,000 in the old division two" -- get a fvcking grip. In order to progress as a club you need to keep your best players and invest in the playing staff. I understand that every now and then you'll need to sell to a bigger club and that's when you use portions of that money for significant replacements, what you don't do is bank 90% of it and find some random from the lower leagues to replace a club captain, top goalscorer or previous player of the seasons, that's when you move backwards as a club and that's exactly what we are doing.

this....this....THIS

[Lower West]

This model as I've said previously however is not sustainable and it runs with huge risk attached not least the real possibility of the mgr & his staff doing the same as the players amd moving on to forward their potential at some point.

I'm all for the long term future of the club and that's got to be the main objective but we're in a results based business and we all pay large sums of our disposable income to watch our team and like the chairman, expect a return on our investment too!

Then join the real world. Football is living on borrowed time. Reading will survive as others fail.

Your club is in your blood. That's part of being a fan. So you accept the good and bad times. That's the enjoyment of the soap opera.

[Pseud O'Nym]

FFS am I the only one on here who has to produce projections every year? It aint feckin rocket science, you just take an educated guess at what receipts will be versus expenditure, sprinkle it with a soupçon of contingencies and come up with a plan to do something about it if you get a nasty mismatch. That's it.

BTW we do ours in November, football clubs do theirs in June, we're predicting an absolutely shite year and we were working on older data than them. Oh dear.

[PEARCEY]

Shorey, Kitson, Sonko, Doyle, Bikey, SHunt, Gylfi, Mills.....what is the combined transfer fee recouped on these little beauties? Have I missed any out?

It's a deal, it's a steal, it's the sale of the f*cking cemtury......

To be fair though Floydster all of these sales were counter-balanced by the purchase of Marcus Williams from Scunthorpe.

[Big Ern]

I still suspect Madejski it taking back his loans from the club, and that is half the reason the money vanishes, although I can't be sure.

I don't even get annoyed about losing our best player anymore, I have just got used to it. The clubs does it's spin and most people forget about it after a few weeks. I hate to say it, but Madejski treats us with contempt and idiots with his press releases.

Fact is, Sir John should sell for the sake of the club, he has taken it as far as he can and now he is holding it back. There may be some on here that love him for what he has done for the club, but my patience has worn thin and I hope he goes ASAP.

[Libertine]

I have a feeling no matter how well or poorly we do. No matter how much or little we pay our players. No matter how many fans show up or don't to see the games...as long as SJM is chairman every year there will be a black hole. There has to be one so the club can be "well run".

[Royal Prince]

I strongly believe that Madejski is trying to make this club as cash rich as possible to achieve his main goal..... Selling the club!
To be fair I wouldn't blame him, he's made no secret of the fact that he's been looking for a suitable buyer for years and this is one more way of trying to attract someone. It does worry me that we may end up moving backwards but I can cope with this strategy as long as we can carry on as before and maintain our place in the Championship. It does upset me to see our star players move on, and it is frustrating when you see Cardiff, Leicester or whoever out spending us, but I am truly happy at this level and I love watching the youth and mis-fits proving everyone wrong!
Hopefully we'll find a buyer soon who can move us into a new era, but until then I'm loving football at this level and I trust that SJM and BM will do everything they can to look after our club!