RoyalBlueCape Town RoyalWoodleyRoyal 60 mill is loads if you have no way of making money from it! SJM doesn't want anyone to come in and run the club as a business - businesses make money and Reading FC certainly doesn't! if someone where to come in a run it as a business then the first thing they would do is to make it profitable i.e asset stripping whether that be players or buildings/land. What SJM wants is someone who will bankroll the club as a hobby - and them sort of people are very few and far between.
It does make you think about how lucky we have been over the last 20 years to have Madjeski.. yes there have been promises of transfer funds and all that, but look at where we were and what we have enjoyed under his stewardship and its been eventful, but mostly good... Imagine if when AZ took over SJM had walked away and left us totally under AZ's control what a mess we could have been in.... Portsmouth, Leeds, Hearts et al... There is a long list of clubs that have gone wrong...
I was talking to a Leicester fan today who said they used to look at Reading and really envy the way we were run as a club and saw us as a role model for similar sized Championship / borderline Premier League clubs and I agree, until the right investor can be found, then if SJM wants to find the right owner then take your time get it right...
I very much doubt that the Leicester fan will be admiring the Madejski/Reading model if Leicester adopt it now that they are in the PL!
Perhaps we should have followed the Leicester model of 2002 I.e. spend loads on players and wages, go into administration, lose all the new stadium debt, rip off creditors and start again !
