by Stranded »
02 Nov 2023 09:19
Snowflake Royal Orion1871 "We" are not serial offenders. HE is a serial offender. They are punishing fans, background employees, and players, and their decisions are making his decisions have even darker consequences for the club and those people behind the scenes. They are failing their responsibility to those people, just as much as Dai is.
The owners and directors test has been in place since 2004, so they have had almost 20 years to improve it or replace it with a system to actually protect clubs. They have failed to do so.
Sorry, but you and they don't get to just excuse their gross incompetence after this continually keeps happening to club after club under their watch.
They need to reform or this independent regulatory body that is coming need to make them face consequences for their continued failures.
The club is the serial offender through Dai's actions.
How do you propose the FL punish Dai? They have no remit or power to do so.
The fans are not being punished. The club is being punished. Because it is a cheat.
Sadly this. The owner is not paying but unfortunately for us, it is The Reading Football Club Limited who are the legal entity responsible for paying wages/tax. The club, and football in general, has got itself in a stupid siutation whereby 70% or more of clubs simply cannot exist without very rich people putting money in as they wish.
In the eyes of the law and EFL rules, the club is not meeting its obligations. We all know why that it is but it doesn't change the fact that it is the club in default and under current regulations, it is the club that has to be charged and there are consequences for not meeting obligations that it signed up to,
It sucks but the only way out of this mess is to either:
a) ensure owners are obligated to put money aside each summer in a designated account to meet running costs or
b) grossly shrink the level of allowable losses so that a club can service its debt off its own back and only required moderate to know financial input from an owner. Any cash input then being a gift and not a loan.
Until that happens, or we are bought, we are fcuked and even if we are bought, we could still be screwed.