Thaumagurist* 60%?
That's about 43 clubs. I didn't realise there were that many, I can think offhand of about 10.
Dirk Gently Let me give you a number of facts that ought to help in this debate ....
1. John Madejski (and his companies) have taken absolutely no money out of Reading Football Club - including in the form of loan repayments.
2. John Madejski has never turned down a request for transfer funds that has been made to him.
3. In the 16 years since the PL was formed, well over 60% of Football League clubs have been forced to go into administration.
4. For a significant number of Football League clubs, "the Reading model" is now the acknowledged best model of financial management for FL clubs.
For the record - number 3 is well-documented in the Deloitte Annual Reviews Of Football Finance. Numbers 1,2 and 4 have been told to me first-hand by people who certainly know the truth - and who I have no reason to doubt from what they've previously told me.
IMAMATEOFJOVSKY
Point 4 - I can only think of Hull City and Adam Pearson (at the time) recognising the Reading model
UkeThaumagurist* 60%?
That's about 43 clubs. I didn't realise there were that many, I can think offhand of about 10.
You should maybe include lower leagues like the conference too and perhaps Scotland?
Shows just how good the Prem has been for the English game!
UkeThaumagurist* 60%?
That's about 43 clubs. I didn't realise there were that many, I can think offhand of about 10.
You should maybe include lower leagues like the conference too and perhaps Scotland?
Shows just how good the Prem has been for the English game!
Dirk Gently Let me give you a number of facts that ought to help in this debate ....
1. John Madejski (and his companies) have taken absolutely no money out of Reading Football Club - including in the form of loan repayments.
2. John Madejski has never turned down a request for transfer funds that has been made to him.
3. In the 16 years since the PL was formed, well over 60% of Football League clubs have been forced to go into administration.
4. For a significant number of Football League clubs, "the Reading model" is now the acknowledged best model of financial management for FL clubs.
For the record - number 3 is well-documented in the Deloitte Annual Reviews Of Football Finance. Numbers 1,2 and 4 have been told to me first-hand by people who certainly know the truth - and who I have no reason to doubt from what they've previously told me.
Scarface Remember his quote after the Forest game - "No players will be sold after the season has started".
Thaumagurist*UkeThaumagurist* 60%?
That's about 43 clubs. I didn't realise there were that many, I can think offhand of about 10.
You should maybe include lower leagues like the conference too and perhaps Scotland?
Shows just how good the Prem has been for the English game!
Dirk specifically said Football League, so that's the 72 member clubs, but since Football League clubs can be relegated into the Conference, your point is valid. Such as Aldershot! Aldershot went bust when the PL was formed, didn't they?
2002 :
Barnsley
Bradford City
Bury
Carlisle Utd
Halifax Town
Leicester City
Lincoln City
Notts County
Swindon Town
York City
2003 :
Darlington
Huddersfield Town
Ipswich Town
Luton Town
Oldham Athletic
Wimbledon
IMAMATEOFJOVSKY Point 1, you are saying unequivocally that the chairman has never been repaid any monies at all for the loans that he has provided to the club???
IMAMATEOFJOVSKY Point 2 - You are either Steve Coppell ,Nick Hammond or Nigel Howe
IMAMATEOFJOVSKY Point 3 - absolute tosh - as previous posters have said - list them then!
IMAMATEOFJOVSKY Point 4 - I can only think of Hull City and Adam Pearson (at the time) recognising the Reading model
Dirk GentlyIMAMATEOFJOVSKY Point 4 - I can only think of Hull City and Adam Pearson (at the time) recognising the Reading model
I know of quite a few more - Wolves in particular are going to do extremely well this year because they have gone for a "team without stars" who are mostly young and hungry. Brighton also want to follow the Reading model, amongst many others. But the fact that everyone in football understands the term "the Reading model" says a lot about it's pervasiveness.
Dirk GentlyIMAMATEOFJOVSKY Point 1, you are saying unequivocally that the chairman has never been repaid any monies at all for the loans that he has provided to the club???
Yes, that's what I've been told - unequivocally - by someone who certainly knows.IMAMATEOFJOVSKY Point 2 - You are either Steve Coppell ,Nick Hammond or Nigel Howe
Not necessarily. Other people know the club's financial workings too. But I have spoken to all 3 of the above in the past couple of months.IMAMATEOFJOVSKY Point 3 - absolute tosh - as previous posters have said - list them then!
Already done this - see previous post.IMAMATEOFJOVSKY Point 4 - I can only think of Hull City and Adam Pearson (at the time) recognising the Reading model
I know of quite a few more - Wolves in particular are going to do extremely well this year because they have gone for a "team without stars" who are mostly young and hungry. Brighton also want to follow the Reading model, amongst many others. But the fact that everyone in football understands the term "the Reading model" says a lot about it's pervasiveness.
For Numancia, it was a glimmer of hope, where once there was none. Poetic president Francisco Rubio Garcés insisted he'd built a squad made up of "hombres con hambre" - men with hunger (in the will-to-win sense, not the Maniche one). But there is no escaping the fact that it is also a squad built on the cheap, small and inexperienced.
RoyalBlue
And as you and I know, you believe that you have been given a full, open & honest picture, I remain cynical.
What contracts/commercial arrangements, if any, exist between Reading Football Club, and any company associated in any way with JM?
Out of interest (accountants out there please help), how are outstanding loans treated on the balance sheet? JM may not have actually taken the money out but does the fact he is still owed the money affect what shows up as money available to spend on transfers etc?
They show up as liabilities. The more important statement for what you seek is the Cash Flow, which will show what is avaliable to spend. I could go on about ratios that also indicate the liquidity and efficiency of the business, but that would take too much time.
Has JM agreed to all wage requests that have been made of him? If the answer is no, then it puts a somewhat different slant on categoric statement 2. - Little point in asking for the transfer fee if we can't hope to meet the wage demands. What's more JM not turning down requests could be just the same as Coppell not taking phonecalls about transfers.i.e. the requests may be turned down by the CE or DOF and not even put to JM himself. I also assume you limit that assertion to SC's reign, as previous managers are on record as claiming to have had transfer funds declined.
My understanding is that he hasn't needed to make those judgements as the pay policy is widely known. Thus no transfer money will be requested if Hammo can't get the agent to agree a 'sensible' pay structure for the new player
'Significant' - a very useful spinning term. What one person regards as significant can be completely insignificant to someone else.
So I'm unduly cynical/untrusting and you are right - makes the mystery as to where all that money has gone even more difficult to understand.
prostak First post here (hi), I've been reading various opinions about JM with increasing disbelief for about a month now - so I'd like to wade in at this point to say Dirk Gently has made the single best post on the topic in all that time. I've been watching RFC on and off since 1990 and the number of clubs once considered our peers who've fallen into a chaotic financial state in that time is frankly scary - Madejski's prudent financial management is undoubtedly the key factor in ensuring we haven't gone the same way.
Perhaps those booing him could club together and form a takeover consortium? Given their clearly shrewd business acumen, I'm sure they'd have few problems raising the necessary capital.
Uke fcuk off newbie!
I sometimes wonder if they actually have bank account balances or just overdrafts, loans and credit cards
Dirk Gently I've only got the 2006 Deloitte handy, but here's 42 administrations between the start of the PL and 2005.... Add Luton, Leeds, Bournemouth, Rotherham and others to that.
Dirk GentlyIMAMATEOFJOVSKY Point 1, you are saying unequivocally that the chairman has never been repaid any monies at all for the loans that he has provided to the club???
Yes, that's what I've been told - unequivocally - by someone who certainly knows.IMAMATEOFJOVSKY Point 2 - You are either Steve Coppell ,Nick Hammond or Nigel Howe
Not necessarily. Other people know the club's financial workings too. But I have spoken to all 3 of the above in the past couple of months.IMAMATEOFJOVSKY Point 3 - absolute tosh - as previous posters have said - list them then!
Already done this - see previous post.IMAMATEOFJOVSKY Point 4 - I can only think of Hull City and Adam Pearson (at the time) recognising the Reading model
I know of quite a few more - Wolves in particular are going to do extremely well this year because they have gone for a "team without stars" who are mostly young and hungry. Brighton also want to follow the Reading model, amongst many others. But the fact that everyone in football understands the term "the Reading model" says a lot about it's pervasiveness.
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