| Why Reading played the kids. 12:38 - Aug 12 with 1488 views | ReslovenSwan1 |
Reading not too dissimilar to Swansea were obliged to play an under strength team against Swansea. They have lost some out of contract players like Swansea. Their debts are massive and the owner has put £200m into buying and running the club.
https://www.getreading.co.uk/s
Swansea by comparison is coping relatively well. Grim figures expected for 2020-2021 accounts I suspect.
Reading have reported losses of £93m over three seasons. Hard for a non accountant like myself to understand how they could not have broken FFP rules. The Chinese owner owns their stadium and charges £1.5m annual rent. West Ham have a 80,000 seat for only £2m paid to the Taxpayer.
[Post edited 12 Aug 2021 12:42]
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| Why Reading played the kids. on 13:11 - Aug 12 with 1413 views | JJJack |
Crikey! |  | | |
| Why Reading played the kids. on 13:16 - Aug 12 with 1402 views | jackrmee |
Reading's owner charges the club to use their stadium?!!! |  |
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| Why Reading played the kids. on 13:34 - Aug 12 with 1369 views | jasper_T |
| Why Reading played the kids. on 13:16 - Aug 12 by jackrmee |
Reading's owner charges the club to use their stadium?!!! |
They sold it to him recently like Derby did to get around FFP.
https://thetilehurstend.sbnati |  | | |
| Why Reading played the kids. on 13:44 - Aug 12 with 1346 views | ReslovenSwan1 |
| Why Reading played the kids. on 13:16 - Aug 12 by jackrmee |
Reading's owner charges the club to use their stadium?!!! |
The owners's company bought the stadium off the club for £26.5m (according to the local Reading newspaper). He charges the £1.5m p.a. to rent it back off him which means he gets his money back in about 20 years or so. He also presumably gets the naming rights and any income from concerts conferences etc. Reading is well located. He has to pay for maintenance, presumably which will not be cheap.
His annual return on his investment is 5.6%. (1.5m/26.5m). In 20 years he has all his money back and will still own the stadium. Of course if the concrete starts failing and corrosion occurs he might have a lot of work to do. This is why maintenance is essential. There are risks in every investment. | |
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| Why Reading played the kids. on 13:52 - Aug 12 with 1330 views | jackrmee |
| Why Reading played the kids. on 13:44 - Aug 12 by ReslovenSwan1 |
The owners's company bought the stadium off the club for £26.5m (according to the local Reading newspaper). He charges the £1.5m p.a. to rent it back off him which means he gets his money back in about 20 years or so. He also presumably gets the naming rights and any income from concerts conferences etc. Reading is well located. He has to pay for maintenance, presumably which will not be cheap.
His annual return on his investment is 5.6%. (1.5m/26.5m). In 20 years he has all his money back and will still own the stadium. Of course if the concrete starts failing and corrosion occurs he might have a lot of work to do. This is why maintenance is essential. There are risks in every investment. |
So it's basically like a loan. With a big present at the end of it.
A loan wouldn't have helped FFP I suppose? | |
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| Why Reading played the kids. on 13:56 - Aug 12 with 1308 views | Dr_Parnassus |
I’ve not seen anything like the side they put out before, not below Premier League level anyway.
I’m sure I read on their forum that half the 18 man squad didn’t have a professional appearance to their name.
4 of their starting 11 had never played a professional game before, another 2 of the 11 had only one professional appearance in their life (one of them had 20 minutes the other had 1 minute).
Meaning more than half of their starting side had 21 minutes of professional experience BETWEEN THEM.
Staggering. |  |
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| Why Reading played the kids. on 13:56 - Aug 12 with 1318 views | Badlands |
We pay rent to the council.
No different. |  |
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| Why Reading played the kids. on 13:59 - Aug 12 with 1313 views | jackrmee |
| Why Reading played the kids. on 13:56 - Aug 12 by Badlands |
We pay rent to the council.
No different. |
Well it is, as I wouldn't expect to be paying rent to Jenkins and co if they owned it. Same with the Yanks. | |
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| Why Reading played the kids. on 14:20 - Aug 12 with 1267 views | ReslovenSwan1 |
| Why Reading played the kids. on 13:56 - Aug 12 by Badlands |
We pay rent to the council.
No different. |
It is very different for sure. The club leases the stadium and pays some form of rent to the council each year. £300k pa I read somewhere, perhaps ground rent. I think i understand it but it is better explained by others. | |
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| Why Reading played the kids. on 14:37 - Aug 12 with 1221 views | jasper_T |
| Why Reading played the kids. on 13:52 - Aug 12 by jackrmee |
So it's basically like a loan. With a big present at the end of it.
A loan wouldn't have helped FFP I suppose? |
Loaning money in to cover losses is part of the £39m over 3 years maximum allowance under FFP rules. Selling an asset the club owns (a stadium, a player etc.) is standard income so not part of the allowance. A single profitable year due to a one-off sale means the club can make larger losses in other years and still avoid penalties.
Which Reading haven't as they're still right up against it. Football at this level is brutal on the bank account. | | | |
| Why Reading played the kids. on 15:40 - Aug 12 with 1133 views | Catullus |
| Why Reading played the kids. on 14:37 - Aug 12 by jasper_T |
Loaning money in to cover losses is part of the £39m over 3 years maximum allowance under FFP rules. Selling an asset the club owns (a stadium, a player etc.) is standard income so not part of the allowance. A single profitable year due to a one-off sale means the club can make larger losses in other years and still avoid penalties.
Which Reading haven't as they're still right up against it. Football at this level is brutal on the bank account. |
It shouldn't be brutal though, Jasper. Clubs should be living within their means...and here I go again banging tht drum. The EPL and th greed of the big clubs and the "worldy" players is what's caused this.
The clubs have to get together and set a wages cap. They have to do something or more clubs, bigger clubs will start falling. Player wage inflation is killing football. I go to Messi again, look at his net worth and how much he still wanted at 34 years old. Greed pure and simple. Do these players not care about the game anymore and th legacy they will leave? | |
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| Why Reading played the kids. on 15:53 - Aug 12 with 1116 views | Dr_Winston |
| Why Reading played the kids. on 15:40 - Aug 12 by Catullus |
It shouldn't be brutal though, Jasper. Clubs should be living within their means...and here I go again banging tht drum. The EPL and th greed of the big clubs and the "worldy" players is what's caused this.
The clubs have to get together and set a wages cap. They have to do something or more clubs, bigger clubs will start falling. Player wage inflation is killing football. I go to Messi again, look at his net worth and how much he still wanted at 34 years old. Greed pure and simple. Do these players not care about the game anymore and th legacy they will leave? |
Supporters have to play their part as well. If Messi had left Barca years ago because they refused to pay him £100m a year do you think their fans would have applauded the sense shown by their directors or rioted because Messi had left?
Owners should have an obligation to run their clubs sustainably. The Authorities should ensure that they do. Supporters should understand that sometimes clubs don't have millions to spend and not whinge about "ambition" when a club tries to cut its cloth accordingly. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Why Reading played the kids. on 16:22 - Aug 12 with 1077 views | jasper_T |
| Why Reading played the kids. on 15:40 - Aug 12 by Catullus |
It shouldn't be brutal though, Jasper. Clubs should be living within their means...and here I go again banging tht drum. The EPL and th greed of the big clubs and the "worldy" players is what's caused this.
The clubs have to get together and set a wages cap. They have to do something or more clubs, bigger clubs will start falling. Player wage inflation is killing football. I go to Messi again, look at his net worth and how much he still wanted at 34 years old. Greed pure and simple. Do these players not care about the game anymore and th legacy they will leave? |
It's not the players fault at all. Player wage inflation is caused by the people running football clubs. Barcelona are in the trouble they're in not because of Messi (everything I've seen suggests he made the club more than he cost them) but because of all the volume of new players they've bought in every single year trying to maintain their "rightful" dominance. £1.5 billion in debt, I think? Florentino Perez moaned about the same thing - they needed the Super League because it had become too expensive to protect themselves against the competition, and don't Madrid deserve to be the best regardless?!?
Players only have a short career in which to provide for themselves and have every right to go where they can earn the most to do the same job. Expecting them to say "no, I'll work for half that instead" in order to protect companies is ridiculous. It's the players labour that we all enjoy, so they should receive the vast majority of the financial rewards. Are players supposed to demand to see a club's accounts before they sign, and work out if the club can actually afford what they're offering? Messi's brand genuinely is worth that much for some insane reason, if anyone deserves that money it's him not his employers.
It's in the hands of owners and ceos. The PL and EFL are culpable in that the financial disparity is so enormous, and everyone's competing for such a lucrative prize. But you don't have to keep up with the Joneses and the Coateses and spend spend spend, more established players, bigger squads. | | | |
| Why Reading played the kids. on 20:27 - Aug 12 with 911 views | dobjack2 |
Take out Grimes, Naughton and Bidwell and what was the age of our side? | | | |
| Why Reading played the kids. on 20:44 - Aug 12 with 897 views | jasper_T |
| Why Reading played the kids. on 20:27 - Aug 12 by dobjack2 |
Take out Grimes, Naughton and Bidwell and what was the age of our side? |
Benda 22
Cabango 21
Cooper 21
Latibeaudiere 21
Williams 20
Whittaker 20
Piroe 22
Dhanda 22
Joseph 19
McFayden 19
Manning 25 | | | |
| Why Reading played the kids. on 21:25 - Aug 12 with 847 views | dobjack2 |
| Why Reading played the kids. on 20:44 - Aug 12 by jasper_T |
Benda 22
Cabango 21
Cooper 21
Latibeaudiere 21
Williams 20
Whittaker 20
Piroe 22
Dhanda 22
Joseph 19
McFayden 19
Manning 25 |
I forget to include Manning with the others, but the basic point I was trying to make was that most of our team were also youngsters. A little older than their youngsters but youngsters none the less. | | | |
| Why Reading played the kids. on 22:11 - Aug 12 with 802 views | Treforys_Jack |
| Why Reading played the kids. on 16:22 - Aug 12 by jasper_T |
It's not the players fault at all. Player wage inflation is caused by the people running football clubs. Barcelona are in the trouble they're in not because of Messi (everything I've seen suggests he made the club more than he cost them) but because of all the volume of new players they've bought in every single year trying to maintain their "rightful" dominance. £1.5 billion in debt, I think? Florentino Perez moaned about the same thing - they needed the Super League because it had become too expensive to protect themselves against the competition, and don't Madrid deserve to be the best regardless?!?
Players only have a short career in which to provide for themselves and have every right to go where they can earn the most to do the same job. Expecting them to say "no, I'll work for half that instead" in order to protect companies is ridiculous. It's the players labour that we all enjoy, so they should receive the vast majority of the financial rewards. Are players supposed to demand to see a club's accounts before they sign, and work out if the club can actually afford what they're offering? Messi's brand genuinely is worth that much for some insane reason, if anyone deserves that money it's him not his employers.
It's in the hands of owners and ceos. The PL and EFL are culpable in that the financial disparity is so enormous, and everyone's competing for such a lucrative prize. But you don't have to keep up with the Joneses and the Coateses and spend spend spend, more established players, bigger squads. |
It is a relatively short career, however nothing stopping them from getting another job when they finish. Totally agree with the rest of your post. Clubs and owners to blame. Not forgetting fans demanding that clubs splash the cash, there's quite a few on here. |  | | |
| Why Reading played the kids. on 22:14 - Aug 12 with 801 views | Catullus |
| Why Reading played the kids. on 16:22 - Aug 12 by jasper_T |
It's not the players fault at all. Player wage inflation is caused by the people running football clubs. Barcelona are in the trouble they're in not because of Messi (everything I've seen suggests he made the club more than he cost them) but because of all the volume of new players they've bought in every single year trying to maintain their "rightful" dominance. £1.5 billion in debt, I think? Florentino Perez moaned about the same thing - they needed the Super League because it had become too expensive to protect themselves against the competition, and don't Madrid deserve to be the best regardless?!?
Players only have a short career in which to provide for themselves and have every right to go where they can earn the most to do the same job. Expecting them to say "no, I'll work for half that instead" in order to protect companies is ridiculous. It's the players labour that we all enjoy, so they should receive the vast majority of the financial rewards. Are players supposed to demand to see a club's accounts before they sign, and work out if the club can actually afford what they're offering? Messi's brand genuinely is worth that much for some insane reason, if anyone deserves that money it's him not his employers.
It's in the hands of owners and ceos. The PL and EFL are culpable in that the financial disparity is so enormous, and everyone's competing for such a lucrative prize. But you don't have to keep up with the Joneses and the Coateses and spend spend spend, more established players, bigger squads. |
The big clubs are to blame, it was them that started paying ridculous wages. But then the agents joined in and with the players baying for more money the whole thing went overboard.
This wage inflation isn't the fault of the Torquays and Stevenages, it is the fault of the Barcelonas and Man Uniteds.
It's the Barcelonas and Man Uniteds who want the super league.
I don't remember player wage inflation being such an issue pre 1992? | |
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| Why Reading played the kids. on 22:34 - Aug 12 with 784 views | jasper_T |
| Why Reading played the kids. on 22:14 - Aug 12 by Catullus |
The big clubs are to blame, it was them that started paying ridculous wages. But then the agents joined in and with the players baying for more money the whole thing went overboard.
This wage inflation isn't the fault of the Torquays and Stevenages, it is the fault of the Barcelonas and Man Uniteds.
It's the Barcelonas and Man Uniteds who want the super league.
I don't remember player wage inflation being such an issue pre 1992? |
In 1992/93 £38m in TV money was shared between the 22 teams in the top flight. Now a single season in the PL earns a single club 4 or 5 times that. Barcelona and Man Utd aren't forcing Championship clubs to spend what they do in pursuit of that windfall. Championship players aren't getting £15k/week because Paul Pogba earns what he does. | | | |
| Why Reading played the kids. on 22:39 - Aug 12 with 782 views | jasper_T |
| Why Reading played the kids. on 22:11 - Aug 12 by Treforys_Jack |
It is a relatively short career, however nothing stopping them from getting another job when they finish. Totally agree with the rest of your post. Clubs and owners to blame. Not forgetting fans demanding that clubs splash the cash, there's quite a few on here. |
Think it was Kevin Ellison who said he had a factory job lined up before Flynn took him on at Newport. Not a lot of players going back to school and starting a well-paying career post-football, unless its within the game or using money earned from it (like all the property investors/landlords). | | | |
| Why Reading played the kids. on 22:56 - Aug 12 with 768 views | JJJack |
| Why Reading played the kids. on 16:22 - Aug 12 by jasper_T |
It's not the players fault at all. Player wage inflation is caused by the people running football clubs. Barcelona are in the trouble they're in not because of Messi (everything I've seen suggests he made the club more than he cost them) but because of all the volume of new players they've bought in every single year trying to maintain their "rightful" dominance. £1.5 billion in debt, I think? Florentino Perez moaned about the same thing - they needed the Super League because it had become too expensive to protect themselves against the competition, and don't Madrid deserve to be the best regardless?!?
Players only have a short career in which to provide for themselves and have every right to go where they can earn the most to do the same job. Expecting them to say "no, I'll work for half that instead" in order to protect companies is ridiculous. It's the players labour that we all enjoy, so they should receive the vast majority of the financial rewards. Are players supposed to demand to see a club's accounts before they sign, and work out if the club can actually afford what they're offering? Messi's brand genuinely is worth that much for some insane reason, if anyone deserves that money it's him not his employers.
It's in the hands of owners and ceos. The PL and EFL are culpable in that the financial disparity is so enormous, and everyone's competing for such a lucrative prize. But you don't have to keep up with the Joneses and the Coateses and spend spend spend, more established players, bigger squads. |
Great point. I never understand the uselessness of the bigger clubs in paying extortionate wages to players. They don't really need to do this - there are limited clubs that could ever afford these players so why pay £5-10m more than necessary to the player??
Messi went to PSG because no other club would pay that sort of money for him at his age. | | | |
| Why Reading played the kids. on 03:01 - Aug 13 with 677 views | Dr_Parnassus |
| Why Reading played the kids. on 20:27 - Aug 12 by dobjack2 |
Take out Grimes, Naughton and Bidwell and what was the age of our side? |
It’s not purely age. It’s experience. Plus we are talking development years, there is a huge difference between a 17 year old and a 21/22 year old for example. One is still a boy the other is a man.
You can’t compare a 17 year old plucked from their U-18’s with zero professional minutes…. to someone like Cabango for instance, a 21 year old multi cap international with 60+ appearances to his name.
So while on paper you may look at the ages and think the difference isn’t that much but they are massive. A 17 year old novice to a 21 year old international pro is men against boys, literally.
Also, taking out a third of our starting line up in Grimes, Naughton and Bidwell to shoehorn the point doesn’t really represent reality, the fact is we had a 32 year old, a 26 year old and a 28 year old on the pitch too, all with hundreds of league appearances to compliment a lot of our experienced youth players like Cabango, Manning and Dhanda.
It’s not even in the same stratosphere of the side we faced.
I will say again, I’ve seen nothing like that from a football league club in all my years supporting the swans [Post edited 13 Aug 2021 3:08]
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