Reading Club Accounts Ending June 2020 Published

[Grist_To_The_Mill]

Meat prices are a mystery here. I can get Sirloin steaks for around $3.99/lb but some sausages are $6.99/lb. Go figure.

It’s called “value added”

[frogmiller]

So basically we as tax payers have poured £820k into this lame duck company that runs a business model that they know will never be profitable.

That'll be for none playing staff though.

Community programmes, office staff, admin and ground staff. The Players and coaching staff will have been paid in full.

[WanChaiMiller]

So basically we as tax payers have poured £820k into this lame duck company that runs a business model that they know will never be profitable.

And thats only up to June.

[WanChaiMiller]

They'll just blame the Covid situation, even though most of the season was before it kicked in.

These figures are ridiculous and this is after the fiddled the sale of the ground to himself.

Relegate them, then we deffo stay up.

Funny thing is, what will the EFL actually do about it????? Answers on pin head...................

The EFL have no authority to make any moral judgment over how clubs trade and whether the club should be telegated if they dont like what they see.

They can only apply the rules. And the rules are made by club Chairmen.

[WanChaiMiller]

These stats are freightening. Championship football at this level of spending is not sustainable based on crowds that watch the sport (although the owners say they are good for the shortfall). Its one small step to oblivion for half of these Championship clubs.

"The average attendance at Madejski Stadium was 12,684, down from 14,991 the previous season.

The number of Reading season ticket holders dipped below the 10,000 mark at 9,561, down from 10,052.

Overall matchday revenue went from £4.7million in 2019 to £3.6million in 2020.

Reading were charged £1.5million for stadium rent by owner Dai Yongge in 2019/20. This is part of an annual payment which runs until 28 June, 2043."

[MarkSimmons]

They'll just blame the Covid situation, even though most of the season was before it kicked in.

These figures are ridiculous and this is after the fiddled the sale of the ground to himself.

Relegate them, then we deffo stay up.

Funny thing is, what will the EFL actually do about it????? Answers on pin head...................

The efl will probably impose a significant points deduction which will effectively see the club relegated as a punishment for braching ffp.

The club will appoint very expensive lawyers who will challenge a membership bodies right to impose such a punishment as it amounts to a restraint on trade.

They will take it to the court of sporting arbitration so the case can be considered by a group of people who will be aware that if the dont always change the efl ruling then they have no purpose and will fall off their gravy train

They will protect their position on the gravy train and rule agaisnt the efl.

Amazingly the efl will once again be blamed by everyone.

[Brin]

Meat prices are a mystery here. I can get Sirloin steaks for around $3.99/lb but some sausages are $6.99/lb. Go figure.

'Go figure?' You really are becoming too Americanised pal

[Brin]

They'll just blame the Covid situation, even though most of the season was before it kicked in.

These figures are ridiculous and this is after the fiddled the sale of the ground to himself.

Relegate them, then we deffo stay up.

Funny thing is, what will the EFL actually do about it????? Answers on pin head...................

-12 points but, to start next season so they can still bag £7.1 Million instead of £1.4 Million from the EFL!

[Brin]

The efl will probably impose a significant points deduction which will effectively see the club relegated as a punishment for braching ffp.

The club will appoint very expensive lawyers who will challenge a membership bodies right to impose such a punishment as it amounts to a restraint on trade.

They will take it to the court of sporting arbitration so the case can be considered by a group of people who will be aware that if the dont always change the efl ruling then they have no purpose and will fall off their gravy train

They will protect their position on the gravy train and rule against the efl.

Amazingly the efl will once again be blamed by everyone.

Mark, hitting Reading with the guideline imposed set of -12 points will have no effect and it wouldn't relegate them, as this would leave them on 54 points. They should take the hit this season if they've any sense. Thing is they will have got off with little or nothing to show for their bad irresponsible way of running a club in the league.

There's no justice for those clubs, ours being the perfect role model, who keep within the financial rules of the game. If there was any justice, Reading would be relegated to league 1 for the start of next season, now that would send a clear message once and for all.

[MarkSimmons]

Mark, hitting Reading with the guideline imposed set of -12 points will have no effect and it wouldn't relegate them, as this would leave them on 54 points. They should take the hit this season if they've any sense. Thing is they will have got off with little or nothing to show for their bad irresponsible way of running a club in the league.

There's no justice for those clubs, ours being the perfect role model, who keep within the financial rules of the game. If there was any justice, Reading would be relegated to league 1 for the start of next season, now that would send a clear message once and for all.

Brin I complety agree. My point was that whatever the efl do it will be halved on appeal making them toothless. They tend to get a lot of stick whereas in my opinion the arbitration process, which never fails if you lawyers are expensive enough , is the bigger villain. The efl should be allowed to govern their competitions and sadly they are not. I take your point about the maximum starting penalty being too low, but it makes little difference if a third party appeal body always undermines everything they do.