Reading fail to pay staff full salary

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RoyalBlue
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Re: Reading fail to pay staff full salary

by RoyalBlue » 03 Dec 2022 13:13

Sutekh
RoyalBlue Not a great look with the January transfer window just around the corner. Even assuming we can afford to sign anyone and are then allowed to by The EFL, how many players with more than one offer on the table are going to be interested in joining a club that doesn't pay wages on time,


Currently Reading cannot sign anyone in January unless one of the 25 squad players recognised by the FL leaves first.


Thanks for the clarification. However, I believe we also have players with us currently whose deals run out at that time e.g. Carroll. Will they want to re-sign?

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Re: Reading fail to pay staff full salary

by Sutekh » 03 Dec 2022 13:31

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RoyalBlue Not a great look with the January transfer window just around the corner. Even assuming we can afford to sign anyone and are then allowed to by The EFL, how many players with more than one offer on the table are going to be interested in joining a club that doesn't pay wages on time,


Currently Reading cannot sign anyone in January unless one of the 25 squad players recognised by the FL leaves first.


Thanks for the clarification. However, I believe we also have players with us currently whose deals run out at that time e.g. Carroll. Will they want to re-sign?


That is correct. Mbengue and Carroll both have deals which expire around 11 January. From what I’ve heard Reading would like to extend both deals for the rest of the season but obviously those players might see things differently if there’s interest from other clubs.

The other players that may go are Moore, if another club is interested in a loan, and Dann if the club decides he’s not likely to contribute to the playing side in the second half of the season and want to try and negotiate paying up the remainder his contract.

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Re: Reading fail to pay staff full salary

by Lower West » 03 Dec 2022 17:39

Hound Obvs not great not paying the u21 but realistically most are about 19 years old. Doubt they’ll have mortgages and families to support like the senior players


When billionaires cannot find the money to pay wages then respect goes out of the window. A retrograde step in terms of rebuilding the club. Concern must be the the club is struggling to adhere to the agreed financial business plan. Further trimming of the current budget might be necessary.

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Re: Reading fail to pay staff full salary

by Lower West » 03 Dec 2022 17:42

South Coast Royal In business non-payment on time can so often be the first sign of there being problems however it is dressed up.


A flashing red light. Cash is the blood that keeps businesses going. Non payment on time is normally indicative of far greater issues. Resolving them quickly is rarely an easy exercise.

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Re: Reading fail to pay staff full salary

by Green » 03 Dec 2022 22:38

Lower West
Hound Obvs not great not paying the u21 but realistically most are about 19 years old. Doubt they’ll have mortgages and families to support like the senior players


When billionaires cannot find the money to pay wages then respect goes out of the window. A retrograde step in terms of rebuilding the club. Concern must be the the club is struggling to adhere to the agreed financial business plan. Further trimming of the current budget might be necessary.

Cutting the cloth, as the late SDR used to say.


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Re: Reading fail to pay staff full salary

by Green » 03 Dec 2022 22:39

Lower West
South Coast Royal In business non-payment on time can so often be the first sign of there being problems however it is dressed up.


A flashing red light. Cash is the blood that keeps businesses going. Non payment on time is normally indicative of far greater issues. Resolving them quickly is rarely an easy exercise.

Yes and no, plenty of big businesses bully small suppliers by demanding long payment terms and not paying on time.

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Re: Reading fail to pay staff full salary

by Green » 03 Dec 2022 22:41

Loving the soundbites on this thread especially as it's pure speculation.

Good to know there's so many experts on hand to offer their opinion.

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Re: Reading fail to pay staff full salary

by Brogue » 03 Dec 2022 23:04

Green Loving the soundbites on this thread especially as it's pure speculation.

Good to know there's so many experts on hand to offer their opinion.


It’s what club policies was invented for.

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Re: Reading fail to pay staff full salary

by AthleticoSpizz » 04 Dec 2022 09:23

Or could even have been placed in Rumours & Gossip

Anyways…..relative who works at the ground, has had no problems getting paid….nor mentioned of anybody else having problems.


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Re: Reading fail to pay staff full salary

by South Coast Royal » 04 Dec 2022 11:27

Green
Lower West
South Coast Royal In business non-payment on time can so often be the first sign of there being problems however it is dressed up.


A flashing red light. Cash is the blood that keeps businesses going. Non payment on time is normally indicative of far greater issues. Resolving them quickly is rarely an easy exercise.

Yes and no, plenty of big businesses bully small suppliers by demanding long payment terms and not paying on time.


Yes they do but the instance we have been discussing is where the two elements are on the same side with a supposed common interest and aim..

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Re: Reading fail to pay staff full salary

by Fezza » 04 Dec 2022 12:03

Didn't this happen a couple of years ago? A banking holiday in China was blamed (Chinese New Year that time)?

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Re: Reading fail to pay staff full salary

by Snowflake Royal » 05 Dec 2022 10:16

Fezza Didn't this happen a couple of years ago? A banking holiday in China was blamed (Chinese New Year that time)?

Can't remember if it was under this shit show or the Thais.

Either way twice in a few years isn’t just poor, its piss poor.

We're terribly run. The sooner Dai oxf*rd off thd better

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Re: Reading fail to pay staff full salary

by URZZZZZZZZ » 05 Dec 2022 10:30

Snowflake Royal
Fezza Didn't this happen a couple of years ago? A banking holiday in China was blamed (Chinese New Year that time)?

Can't remember if it was under this shit show or the Thais.

Either way twice in a few years isn’t just poor, its piss poor.

We're terribly run. The sooner Dai oxf*rd off thd better


Agree with all of this.

It's been masked by a half decent start to the season, but behind the scenes we are a complete and utter mess at the moment.


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Re: Reading fail to pay staff full salary

by Lower West » 05 Dec 2022 11:19

Green
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South Coast Royal In business non-payment on time can so often be the first sign of there being problems however it is dressed up.


A flashing red light. Cash is the blood that keeps businesses going. Non payment on time is normally indicative of far greater issues. Resolving them quickly is rarely an easy exercise.

Yes and no, plenty of big businesses bully small suppliers by demanding long payment terms and not paying on time.


And the point of bullying your own business is what precisely? Hacking off your own employees is a sure way of breeding discontent. Another indication of an indifferent management style. Of which we've witnessed plenty of already from the current owners.

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Re: Reading fail to pay staff full salary

by Millsy » 05 Dec 2022 11:21

Snowflake Royal
Fezza Didn't this happen a couple of years ago? A banking holiday in China was blamed (Chinese New Year that time)?

Can't remember if it was under this shit show or the Thais.

Either way twice in a few years isn’t just poor, its piss poor.

We're terribly run. The sooner Dai oxf*rd off thd better


Terribly run we may be and Dais may be crap.

But you can't just ignore the crushing effects of Covid, the Cost of Brexit crisis and the strange WC timing in all this. These have been a very strange couple of years.

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Re: Reading fail to pay staff full salary

by URZZZZZZZZ » 05 Dec 2022 12:08

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Snowflake Royal
Fezza Didn't this happen a couple of years ago? A banking holiday in China was blamed (Chinese New Year that time)?

Can't remember if it was under this shit show or the Thais.

Either way twice in a few years isn’t just poor, its piss poor.

We're terribly run. The sooner Dai oxf*rd off thd better


Terribly run we may be and Dais may be crap.

But you can't just ignore the crushing effects of Covid, the Cost of Brexit crisis and the strange WC timing in all this. These have been a very strange couple of years.


This is true to a certain extent, but it hasn't stopped other clubs from continuing where they left off pre pandemic. Locally, Swindon, Oxford and Wycombe's attendances are all up compared to pre-pandemic levels, this is mainly down to having personnel in place doing the jobs. The RFC staff base is completely down to the bare bones at the moment, which is inexcusable given the wealth we have behind the club on face value. It's an absolute drop in the ocean compared to the player related spending and could make tangible improvements to the way we are run - but nothing seems to be changing.

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Re: Reading fail to pay staff full salary

by Silver Fox » 05 Dec 2022 12:11

Green Loving the soundbites on this thread especially as it's pure speculation.

Good to know there's so many experts on hand to offer their opinion.


Where would be without them with the local media failing to report this important non-story?

Hard to work out how a club with cashflow problems could bugger off to the 'Rife for a week

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Re: Reading fail to pay staff full salary

by Millsy » 05 Dec 2022 12:36

URZZZZZZZZ
Millsy
Snowflake Royal Can't remember if it was under this shit show or the Thais.

Either way twice in a few years isn’t just poor, its piss poor.

We're terribly run. The sooner Dai oxf*rd off thd better


Terribly run we may be and Dais may be crap.

But you can't just ignore the crushing effects of Covid, the Cost of Brexit crisis and the strange WC timing in all this. These have been a very strange couple of years.


This is true to a certain extent, but it hasn't stopped other clubs from continuing where they left off pre pandemic. Locally, Swindon, Oxford and Wycombe's attendances are all up compared to pre-pandemic levels, this is mainly down to having personnel in place doing the jobs. The RFC staff base is completely down to the bare bones at the moment, which is inexcusable given the wealth we have behind the club on face value. It's an absolute drop in the ocean compared to the player related spending and could make tangible improvements to the way we are run - but nothing seems to be changing.


I get that and agree. Clearly we've been run awfully, not least as evidenced by the rightful EFL penalty. All I'm saying is the unprecedented times we have experienced in the last couple of years may have exacerbated the original issues, which we're all aware of. i.e. already crap and so the crap times have continued to hit us harder as we've had less reserve. Rather than no lessons learned and oh look we're in trouble yet again with a brand new unrelated cockup.

We can clearly see the effort that's gone in, all positive moves in the right direction bringing Bowen in, the Inces etc, and admirably keeping us in this league through shrewd loan signings etc. It's a very difficult act to keep all the plates spinning.

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Re: Reading fail to pay staff full salary

by Snowflake Royal » 05 Dec 2022 13:49

Millsy
URZZZZZZZZ
Millsy
Terribly run we may be and Dais may be crap.

But you can't just ignore the crushing effects of Covid, the Cost of Brexit crisis and the strange WC timing in all this. These have been a very strange couple of years.


This is true to a certain extent, but it hasn't stopped other clubs from continuing where they left off pre pandemic. Locally, Swindon, Oxford and Wycombe's attendances are all up compared to pre-pandemic levels, this is mainly down to having personnel in place doing the jobs. The RFC staff base is completely down to the bare bones at the moment, which is inexcusable given the wealth we have behind the club on face value. It's an absolute drop in the ocean compared to the player related spending and could make tangible improvements to the way we are run - but nothing seems to be changing.


I get that and agree. Clearly we've been run awfully, not least as evidenced by the rightful EFL penalty. All I'm saying is the unprecedented times we have experienced in the last couple of years may have exacerbated the original issues, which we're all aware of. i.e. already crap and so the crap times have continued to hit us harder as we've had less reserve. Rather than no lessons learned and oh look we're in trouble yet again with a brand new unrelated cockup.

We can clearly see the effort that's gone in, all positive moves in the right direction bringing Bowen in, the Inces etc, and admirably keeping us in this league through shrewd loan signings etc. It's a very difficult act to keep all the plates spinning.

We were in trouble before the pandemic and overspent by about £18m.

So what if 4 or 5 mil of that is pandemic etc.

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Re: Reading fail to pay staff full salary

by Lower West » 05 Dec 2022 14:39

URZZZZZZZZ This is true to a certain extent, but it hasn't stopped other clubs from continuing where they left off pre pandemic. Locally, Swindon, Oxford and Wycombe's attendances are all up compared to pre-pandemic levels, this is mainly down to having personnel in place doing the jobs.


As far as Swindon is concerned it's the new owner. Transformation is a model for any other club that's hit rock bottom.

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