Accounts

[Ian Royal]

ive already effectively cured one disease!

I didn't know joeroyal was curable?

with a shotgun.

[PieEater]

ok then alcoholic tea lady.

ill just get back to my important life saving scientific research and leave you to it...

I didn't think we needed to save scientific research, still I'm glad we can rely on you to do it.

[Swanny1871]

Interesting read - http://www.theguardian.com/football/201 ... david-conn

READING

Accounts for the year to June 30 2013

Ownership: Owned 51% by Anton Zingarevich via a company based in Gibraltar (tax haven); 49% by John Madejski.

Turnover: 19th in league, £59m (up from £15m in 2012)

Gate receipts: £9m

Commercial Income: £5m

Media and Broadcasting: £44m

Rugby and other: £1m

Wage Bill: 19th highest, £46m (up from £27m in 2012)

Wages as Proportion of Turnover: 78%

Loss before Tax: £2m (reduced from £12m in 2012)

Net Debt: £38m

Interest payable: £0.6m

Highest Paid Director: Not disclosed

State it's in: Back following relegation under the reluctant control of Auto Trader magnate Sir John Madejski, after the planned takeover by Anton Zingarevich, son of a Russian billionaire, was not completed. Zingarevich did provide £19m loans to Reading, via his Gibraltar-registered company, and bought 51% of the club in May 2012, but never fulfilled the agreement to buy the other 49%. Zingarevich has since withdrawn from involvement in Reading and Madejski is looking for another buyer, whom he says must have "deep pockets," to bear the financial cost of supporting a club at the yo-yo level of Reading.

[savage 4 england]

I think it's quite alarming that Wigan have a lower wage bill than us.

[Pepe the Horseman]

Can someone sum it up in five words?

[melonhead]

46 million pound wage bill

[Ian Royal]

This is old news and has been on Club Policies for months.

People have mentioned on the TB how massive our wages were as well.

The frightening thing is that our wages were a third again higher than the last time we were in the PL and we still had the 2nd lowest wages at that level!! PL wages are batshit crazy.

[Royalwaster]

This is old news and has been on Club Policies for months.

People have mentioned on the TB how massive our wages were as well.

The frightening thing is that our wages were a third again higher than the last time we were in the PL and we still had the 2nd lowest wages at that level!! PL wages are batshit crazy.

That refers to last season's wage bill, no? (June 2013)

[Royal Rother]

Yes.