by Greatwesternline » 09 Apr 2020 08:55
by Hound » 09 Apr 2020 09:14
Greatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
by Greatwesternline » 09 Apr 2020 09:20
HoundGreatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
Well no Gourlay is certainly a start. I dont think we are in a terrible position going forward tbh. Be interesting to see what this years accounts would look like, but obvs we've got those years of losses hanging over us still
We'll see what happens after this Covid mess comes to some sort of conclusion
by Hound » 09 Apr 2020 09:22
GreatwesternlineHoundGreatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
Well no Gourlay is certainly a start. I dont think we are in a terrible position going forward tbh. Be interesting to see what this years accounts would look like, but obvs we've got those years of losses hanging over us still
We'll see what happens after this Covid mess comes to some sort of conclusion
This year's accounts will look terrible because they will include puskas and ejaria and all the other late Summer signings. We also dont have the sale of the stadium to smooth out losses anymore.
by Greatwesternline » 09 Apr 2020 09:27
HoundGreatwesternlineHound
Well no Gourlay is certainly a start. I dont think we are in a terrible position going forward tbh. Be interesting to see what this years accounts would look like, but obvs we've got those years of losses hanging over us still
We'll see what happens after this Covid mess comes to some sort of conclusion
This year's accounts will look terrible because they will include puskas and ejaria and all the other late Summer signings. We also dont have the sale of the stadium to smooth out losses anymore.
Ejaria won't be in there. That was a commitment to pay in next year. Interesting to see how much we paid for Puscas and Joao though.
We did shed a few big wages - Yann, McShane, Joey, Kelly, Aluko (out on loan for some of it). But yeah, guessing they won't be fantastic
by Hound » 09 Apr 2020 09:40
GreatwesternlineHoundGreatwesternline
This year's accounts will look terrible because they will include puskas and ejaria and all the other late Summer signings. We also dont have the sale of the stadium to smooth out losses anymore.
Ejaria won't be in there. That was a commitment to pay in next year. Interesting to see how much we paid for Puscas and Joao though.
We did shed a few big wages - Yann, McShane, Joey, Kelly, Aluko (out on loan for some of it). But yeah, guessing they won't be fantastic
Ejaria isn't playing for free, and Liverpool didnt charge a loan fee? Also, as i keep repeating over and over, even if Liverpool say, you can pay for Ejaria's loan fee next year, it would still be an expense in this year's accounts. FFP is not done on a cash basis.
by Greatwesternline » 09 Apr 2020 09:46
HoundGreatwesternlineHound
Ejaria won't be in there. That was a commitment to pay in next year. Interesting to see how much we paid for Puscas and Joao though.
We did shed a few big wages - Yann, McShane, Joey, Kelly, Aluko (out on loan for some of it). But yeah, guessing they won't be fantastic
Ejaria isn't playing for free, and Liverpool didnt charge a loan fee? Also, as i keep repeating over and over, even if Liverpool say, you can pay for Ejaria's loan fee next year, it would still be an expense in this year's accounts. FFP is not done on a cash basis.
Well there will be wages and maybe a loan fee. But there is a commitment to purchase him on July 1st. Its not that we've bought him now, but are paying later. I'm guessing they are relatively small to the 3.5m we will pay to buy him, and probably less than Rafael, Boye and Pele. So he is still relevant but possibly the cheapest of our biggest signings in terms of this year's accounts. So yes still relevant but not really any more than most of our players
Is that you're understanding or have i missed something there? The whole point I thought of having that commitment was so the transfer fee wouldnt appear in this years accounts. Obvs his wages will
by SCIAG » 09 Apr 2020 11:24
Greatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
by Notts Royal » 09 Apr 2020 11:51
by Snowflake Royal » 09 Apr 2020 12:53
Greatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
by Hound » 09 Apr 2020 13:51
Snowflake RoyalGreatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
Exactly right. People have been saying we're getting our house in order for the last decade and yet the latest figures show our biggest loss yet.
We were supposed to have shifted loads of dead weight mid-season under Gomes. Yet we lost almost double the amount we spunked under Stam and Gourlay in one season.
It's getting worse, not better. And we're running out of things we can sell to our owners.
by Ascotexgunner » 09 Apr 2020 14:02
by Linden Jones' Tash » 09 Apr 2020 17:49
by Zip » 09 Apr 2020 18:19
Greatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
by bcubed » 10 Apr 2020 09:21
Linden Jones' Tash The championship reminds me of those Icelandic banks before the financial crash in 2008.
They played with the big boys and ended up with liabilities several orders of magnitude greater than the economy of Iceland itself, so when it all came crashing down, Iceland couldn't bail them out...
Reading FC has traded up from local millionaire makes good, to dodgy son of a Russian supposed Billionaire, to a consortium of real estate investors to Chinese Billionaires.
Unless theres a Gulf State sovereign fund that fancies Reading FC, I'm not sure there's anywhere else to go.
Gotta hope we keep the owners amused for a few more seasons til we make the promised land and get onto a more secure footing, if there's still that kind of money in the Premier league when/if we get there.
by Hound » 10 Apr 2020 09:27
by Franchise FC » 10 Apr 2020 09:32
Hound I’m struggling to find a way in which football - with 60,000 people all together in one place, many elderly - can actually restart properly at all.
Many contracts will expire and clubs won’t be paying big money on new players with no TV or match day income
Best they can prob hope for is restarting behind closed doors and televise the lot.
by Snowflake Royal » 10 Apr 2020 10:41
ZipGreatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
January was only one permanent signing. I think we have seen improvements since Howe returned. Last summer’s signings were decent and the loan signings in January 2019 were excellent. The damage has been done in the preceding years which were shambolic.
by Linden Jones' Tash » 10 Apr 2020 11:10
bcubedLinden Jones' Tash The championship reminds me of those Icelandic banks before the financial crash in 2008.
They played with the big boys and ended up with liabilities several orders of magnitude greater than the economy of Iceland itself, so when it all came crashing down, Iceland couldn't bail them out...
Reading FC has traded up from local millionaire makes good, to dodgy son of a Russian supposed Billionaire, to a consortium of real estate investors to Chinese Billionaires.
Unless theres a Gulf State sovereign fund that fancies Reading FC, I'm not sure there's anywhere else to go.
Gotta hope we keep the owners amused for a few more seasons til we make the promised land and get onto a more secure footing, if there's still that kind of money in the Premier league when/if we get there.
I can't see the Premier League money train continuing when all this is over. Surely if there is anything like the economic downturn being predicted crazy wages will have to go.
by Zip » 10 Apr 2020 11:45
Snowflake RoyalZipGreatwesternline Thing is a one off pardon won't help. At Reading it is now a cultural problem. Sign too many players. Sign too many not very good players. Pay them too much. Repeat.
What makes us think anything will change.
Why did we sign new players in January who did not improve the team, and have therefore not seen much game time. Presumably to keep some commission coming in for our favourite agents so that they still consider us in the next transfer window when we want to sign our next Puskas.
January was only one permanent signing. I think we have seen improvements since Howe returned. Last summer’s signings were decent and the loan signings in January 2019 were excellent. The damage has been done in the preceding years which were shambolic.
We just lost £40m in a season Howe was mostly in charge. And in the follow up season didn't lose many players and made some crazy spending.
If 18/19 was £40m, even without corona there's no way 19/20 would be anything other than tens of millions of loss again.
There's a decent chance 18-20 could see us lose double the allowed loss for a full 3 year accounting period under FFP.
Let's not forget the financial mismanagement didn't start with Gourlay. It was happening before Howe left. And it happened under him with Burns too.
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