| Stand with Reading! 14:25 - Jan 14 with 1655 views | RhonddaSwans |
Reading protest see's game abandoned.
Fair play to them, This is what happens when you overspend and pay mental wages for bang average players!
COUGH cough (cardiff)
Fair play to them they got balls! (quite literally)
https://hobnob.royals.org/foru [Post edited 14 Jan 2024 14:29]
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| Stand with Reading! on 14:33 - Jan 14 with 1638 views | union_jack |
I don’t pretend to know the nuts and bolts of the Reading situation but what I would say is that the definition of responsible owners needs to be far more watertight. |  |
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| Stand with Reading! on 14:45 - Jan 14 with 1610 views | RhonddaSwans |
| Stand with Reading! on 14:33 - Jan 14 by union_jack |
I don’t pretend to know the nuts and bolts of the Reading situation but what I would say is that the definition of responsible owners needs to be far more watertight. |
I was listening to a fan talk on the way back from Birmingham yesterday.
They reckon that when they were in the promotion hunt (playoffs) that season they overspent on wages.
Having players on 40k a week contracts that then wouldn't leave.
Having no sellable assets and their billionaire Chinese owner is having trouble moving money out of China.
(paper rich)
He was rejected by the premier leagues ownership model, couple of months later he was owner of reading. | |
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| Stand with Reading! on 16:50 - Jan 14 with 1547 views | union_jack |
| Stand with Reading! on 14:45 - Jan 14 by RhonddaSwans |
I was listening to a fan talk on the way back from Birmingham yesterday.
They reckon that when they were in the promotion hunt (playoffs) that season they overspent on wages.
Having players on 40k a week contracts that then wouldn't leave.
Having no sellable assets and their billionaire Chinese owner is having trouble moving money out of China.
(paper rich)
He was rejected by the premier leagues ownership model, couple of months later he was owner of reading. |
Doesn’t make sense does it? | |
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| Stand with Reading! on 16:55 - Jan 14 with 1541 views | RhonddaSwans |
| Stand with Reading! on 16:50 - Jan 14 by union_jack |
Doesn’t make sense does it? |
No it doesn't reading are in a very bad shape ashame really.
Also they have had the most points deducted due to bad ownership than any team.
So their owner is failing them on every level really.
We think we got it bad here? | |
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| Stand with Reading! on 17:07 - Jan 14 with 1528 views | ReslovenSwan1 |
| Stand with Reading! on 16:50 - Jan 14 by union_jack |
Doesn’t make sense does it? |
The owner does not want to fund the club from his own pocket. This means that to survive the club must live by its own devices. Match tickets advertising TV money etc. To do this they must cut things to the bone.
Rotherham and Balckpool and Wigan have already done this to survive, I think.
Mr Silverstein came over here and explained that is what would happen to Swansea if he and his chums had not put money into the Convertible loan note. Swansea fans like me show gratitude. Other have a "get your wallet out Yanks" attitude. Swansea fans would have been different if they had managed to sell some of their shares.
The Chinese boss is not going to bail out Reading. They can fight or squeal. They have chosen to squeal and protest.
I do not back them at all. They want the Chinese guy to bail them out or sell to an owner that will cover their losses. They are fighting to get an owner who does not favour sustainability.
The fan I heard on the radio said today. "you must remember b we are a premier league team of a few years ago. We cannot go down to league 2". Deluded fool.
Get down and get dirty. Football is one of the most brutal businesses out there. Winners and losers. Swansea's old board got down and dirty with the local Travel Agent "failed roofer" and fans when they were humble. No squealing. No help from anyone else. Just hard graft.
Reading are not a special case. They by be from ROYAL Berkshire but no free lunch from me. [Post edited 14 Jan 2024 17:23]
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| Stand with Reading! on 17:30 - Jan 14 with 1486 views | Whiterockin |
| Stand with Reading! on 17:07 - Jan 14 by ReslovenSwan1 |
The owner does not want to fund the club from his own pocket. This means that to survive the club must live by its own devices. Match tickets advertising TV money etc. To do this they must cut things to the bone.
Rotherham and Balckpool and Wigan have already done this to survive, I think.
Mr Silverstein came over here and explained that is what would happen to Swansea if he and his chums had not put money into the Convertible loan note. Swansea fans like me show gratitude. Other have a "get your wallet out Yanks" attitude. Swansea fans would have been different if they had managed to sell some of their shares.
The Chinese boss is not going to bail out Reading. They can fight or squeal. They have chosen to squeal and protest.
I do not back them at all. They want the Chinese guy to bail them out or sell to an owner that will cover their losses. They are fighting to get an owner who does not favour sustainability.
The fan I heard on the radio said today. "you must remember b we are a premier league team of a few years ago. We cannot go down to league 2". Deluded fool.
Get down and get dirty. Football is one of the most brutal businesses out there. Winners and losers. Swansea's old board got down and dirty with the local Travel Agent "failed roofer" and fans when they were humble. No squealing. No help from anyone else. Just hard graft.
Reading are not a special case. They by be from ROYAL Berkshire but no free lunch from me. [Post edited 14 Jan 2024 17:23]
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He should run the club properly and keep to EFL rules or get out. I completely understand the fans frustration.
https://www.efl.com/news/2023/ |  | | |
| Stand with Reading! on 17:38 - Jan 14 with 1468 views | ReslovenSwan1 |
I agree he should follow the EFL rules. A series of redundancies lately may indicate he plans to do this. He could sell Charlie Savage to Swansea perhaps or some of their young talents?.
Kelvin Ehibhatiomhan looks a beast. [Post edited 14 Jan 2024 20:44]
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| Stand with Reading! on 21:32 - Jan 14 with 1327 views | majorraglan |
Apparently there was a drive a few years ago to get Chinese billionaires to buy football clubs to generate good relationships with the various football authorities to curry favour for China to host the World Cup. Since the the Chinese President has had a change of mind having seen the huge wages being paid to players etc, no longer wants the WC and has imposed currency transfer restrictions which means Chinese billionaires can transfer money out of China as easily as they were previously able to hence not being able to put money in to Reading.
I read in one of the Daily’s Reading were losing around £600k per week, that’s not sustainable. I can’t see anyone trousering up serious dibs to take Reading off Yongge’s hands, maybe a prospective buyer will wait until they’re in Administration and try to buy them for a reduced price. They are effectively a “London” club so there’ll be some interest. | | | |
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| Stand with Reading! on 08:03 - Jan 15 with 1233 views | KeithHaynes |
| Stand with Reading! on 21:32 - Jan 14 by majorraglan |
Apparently there was a drive a few years ago to get Chinese billionaires to buy football clubs to generate good relationships with the various football authorities to curry favour for China to host the World Cup. Since the the Chinese President has had a change of mind having seen the huge wages being paid to players etc, no longer wants the WC and has imposed currency transfer restrictions which means Chinese billionaires can transfer money out of China as easily as they were previously able to hence not being able to put money in to Reading.
I read in one of the Daily’s Reading were losing around £600k per week, that’s not sustainable. I can’t see anyone trousering up serious dibs to take Reading off Yongge’s hands, maybe a prospective buyer will wait until they’re in Administration and try to buy them for a reduced price. They are effectively a “London” club so there’ll be some interest. |
Over half a million a week ! |  |
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| Stand with Reading! on 09:22 - Jan 15 with 1185 views | felixstowe_jack |
| Stand with Reading! on 17:07 - Jan 14 by ReslovenSwan1 |
The owner does not want to fund the club from his own pocket. This means that to survive the club must live by its own devices. Match tickets advertising TV money etc. To do this they must cut things to the bone.
Rotherham and Balckpool and Wigan have already done this to survive, I think.
Mr Silverstein came over here and explained that is what would happen to Swansea if he and his chums had not put money into the Convertible loan note. Swansea fans like me show gratitude. Other have a "get your wallet out Yanks" attitude. Swansea fans would have been different if they had managed to sell some of their shares.
The Chinese boss is not going to bail out Reading. They can fight or squeal. They have chosen to squeal and protest.
I do not back them at all. They want the Chinese guy to bail them out or sell to an owner that will cover their losses. They are fighting to get an owner who does not favour sustainability.
The fan I heard on the radio said today. "you must remember b we are a premier league team of a few years ago. We cannot go down to league 2". Deluded fool.
Get down and get dirty. Football is one of the most brutal businesses out there. Winners and losers. Swansea's old board got down and dirty with the local Travel Agent "failed roofer" and fans when they were humble. No squealing. No help from anyone else. Just hard graft.
Reading are not a special case. They by be from ROYAL Berkshire but no free lunch from me. [Post edited 14 Jan 2024 17:23]
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They were always the biscuit men in days gone bye not sure how they ever rebranded themselves the "royals" | |
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| Stand with Reading! on 09:42 - Jan 15 with 1179 views | 1983 |
Just another ego club like Wigan,MK Don's...etc
League 1 / 2 is actually their level, being so close to London doesn't do them any favours either I bet Reading Station has a sh1t load of fans going to London every Saturday. |  |
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| Stand with Reading! on 09:34 - Jan 16 with 987 views | EagleEye |
| Stand with Reading! on 09:22 - Jan 15 by felixstowe_jack |
They were always the biscuit men in days gone bye not sure how they ever rebranded themselves the "royals" |
Always presumed it was because they are located in ‘Royal’ Berkshire ? |  | | |
| Stand with Reading! on 16:11 - Jan 16 with 909 views | ReslovenSwan1 |
Reading have an income. Fans want the owner to cover the loses. He does not want to. He should follow the rules and make the team sustainable without his cash until ha can sell it.
The team can sell a few players in the window like everyone else has to do. Savage , the big 20 year old Centre forward with a crazy name. Watson should be making enquires for a some of those rapid 18 year old wingers they always seem to have.
Fans protesting is spoilt brat entitled behaviour. Royal by name Royal by persuasion. | |
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| Stand with Reading! on 23:38 - Jan 16 with 794 views | ReslovenSwan1 |
| Stand with Reading! on 18:10 - Jan 16 by max936 |
He hasn't even paid the fines that he's received, another charlatan who has managed to worm is way in to UK Football.
Safeguards, what fing safeguards its an absolute joke.  [Post edited 16 Jan 2024 20:52]
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Some charlatan? . He has absolutely bombed in a way he could not have imagined in his worst nightmare. Simon Jordan said this morning he was £260m out of pocket. The players and club want even more of his money and he has had enough pain. He is happy to share it around a little.
If he does not pay his bills the club will go into administration. He has run it very badly.
https://www.henleystandard.co. [Post edited 16 Jan 2024 23:46]
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| Stand with Reading! on 23:53 - Jan 16 with 778 views | majorraglan |
| Stand with Reading! on 23:38 - Jan 16 by ReslovenSwan1 |
Some charlatan? . He has absolutely bombed in a way he could not have imagined in his worst nightmare. Simon Jordan said this morning he was £260m out of pocket. The players and club want even more of his money and he has had enough pain. He is happy to share it around a little.
If he does not pay his bills the club will go into administration. He has run it very badly.
https://www.henleystandard.co. [Post edited 16 Jan 2024 23:46]
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I think he also owned 2 clubs which were wound up having gone bust, one in China and the other in Belgium. | | | |
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