O'Dea on his time at Reading

[CMRoyal]

Has nobody heard of the word 'Recession'?

Yes - and unlike you I actually understand it.

+1

Is this the same recession that has barely effected any other sides in the championship?

Crystal Palace anyone? The whole of football has been hit.

[Hoop Blah]

As much as I think getting rid of Rodgers was the wrong thing to do, you have to put some perspective on where O'Dea is coming from.

Madejski and the board have the best interests of the club at heart and want things done a certain way. It may be that Rodgers just didn't fit in with that.

A player, and especially a loan player who doesn't really know the in's and out's of the club won't get to see that or perhaps understand the bigger picture that the powers that be have, so although his comments might be an honest opinion, they might not actually be that well informed. There are always two sides to an arguement remember.

[Comfortably Numb]

crystal palace
cardiff
derby

all in trouble that we know of.

[Lower West]

And which of those other 22 teams have recently been in the Premier League with a £30Mill per year wage bill whose parachute money is about to run out?

Gate receipts, TV money, few transfer fees - we were in the black in our second season in the Prem - we then sold Kitson, Shorey, Sonko and others, offloading wages in the process which will have gone back down after relegation and did the same but on an even bigger scale last summer whilst still receiving parachute payments. Your maths must be appalling.

Where are they now? Still playing in top flight football? Our stay in the Premiership was always going to be tough.

[brendywendy]

Hang on didn't BR drop Odea after a few games.

got injured, we won a few games when he was out, so he stayed out.

[brendywendy]

Have you heard of the words 'Crystal' & 'Palace'?

...and the other 22 teams? Have they all had to sell £12 million worth of players, cut their wages in half and only bring in £3 million of players to cover all that?

LOL - thats an obviously disengenuous argument. not all of the teams got relegated from the prem.

and you just have to look at the finances of all the clubs to see that its all run on hot air, and magic.

not that this helps us, until they go out of business

[Ian Royal]

As much as I think getting rid of Rodgers was the wrong thing to do, you have to put some perspective on where O'Dea is coming from.

Madejski and the board have the best interests of the club at heart and want things done a certain way. It may be that Rodgers just didn't fit in with that.

A player, and especially a loan player who doesn't really know the in's and out's of the club won't get to see that or perhaps understand the bigger picture that the powers that be have, so although his comments might be an honest opinion, they might not actually be that well informed. There are always two sides to an arguement remember.

What a good post.

[Tinrib]

More than half of Championship clubs are technically insolvent, according to business information provider Equifax. Plymouth are the healthiest:
(Clubs graded A to F – with D an average financial health score, or I for insolvent

Clubs currently technically insolvent in the Championship :-

Barnsley 39 I
Ipswich 26 I
Nttm Forest 13 I
Newcastle 11 I
Bristol City 10 I
Leicester 9 I
Preston 8 F
Doncaster 8 I
Cardiff 4 I
Peterborough 4 I
Sheff Wed 2 I
Swansea 2 I
Crystal Palace 2 I
Coventry 2 I
Middlesbrough 0 I
Blackpool 0 I

Clubs as near as damn it to being insolvent
QPR 16 F+
Sheff Utd 30 E+
Preston 8 F

Clubs solvent
Plymouth 85 A
West Brom 83 A-
Derby 61 C+
Reading 54 C-
Scunthorpe 52 C-
Watford 42 D

[Duke the Dog]

It's one thing to be lurching from one pay-out (transfer, loan, debt cancel, big cup game,whatever) to another and be constantly in the red (I think that's most if not all clubs at the moment - are there any professional clubs that are truly solvent?? Chelsea??) to being in Administration/Liquidation )which is a situation where the incumbent managers/owners lose control and have accountants swarm over the company/club to see what can be salvaged/sold/closed etc).

Clearly SJM was avoiding this by cutting the costs. Fine, but to cut the costs and then blame someone else because it means the team is no longer competitive is simply wrong.

I think there is also the "selling the club" agenda which no one seems to be mentioning much. SJM still clearly wants to sell, and if the club/company has little or no debts it will be easier to entice someone in for the money SJM is looking for. I thought for a moment earlier in the month that there was someone out there, who wanted to buy but didn't want Rogers so he had to go to ensure the sale went ahead. But now I'm just puzzled again.

[RobRoyal]

Irish player in supports Irish manager shock!

Really? That's what you're going with? That whatever the circumstances one countryman will naturally support another and that support can therefore always be dismissed? The same would go if Bertrand publicly defended McDermott? That's the most dumb thing I've read on here for a long time.

By the way, Darren O'Dea is from Ireland and Brendan Rodgers is from Northern Ireland.

[loyalroyal4life]

Has nobody heard of the word 'Recession'?

no its an optical illusion

[Dorset-Knob]

Irish player in supports Irish manager shock!

Really? That's what you're going with? That whatever the circumstances one countryman will naturally support another and that support can therefore always be dismissed? The same would go if Bertrand publicly defended McDermott? That's the most dumn thing I've read on here for a long time.

By the way, Darren O'Dea is from Ireland and Brendan Rodgers is from Northern Ireland.

Not quite, I'll be going with my unedited version and without the additional, subjective comments you make in support of your opinion, thanks!

[RoyalBlue]

It's one thing to be lurching from one pay-out (transfer, loan, debt cancel, big cup game,whatever) to another and be constantly in the red (I think that's most if not all clubs at the moment - are there any professional clubs that are truly solvent?? Chelsea??) to being in Administration/Liquidation )which is a situation where the incumbent managers/owners lose control and have accountants swarm over the company/club to see what can be salvaged/sold/closed etc).

Clearly SJM was avoiding this by cutting the costs. Fine, but to cut the costs and then blame someone else because it means the team is no longer competitive is simply wrong.

I think there is also the "selling the club" agenda which no one seems to be mentioning much. SJM still clearly wants to sell, and if the club/company has little or no debts it will be easier to entice someone in for the money SJM is looking for.

With that latter comment I suspect to have well and truly smashed that nail on its head. Yes, one bank might have asked for its money back but, if Madejski, Howe and co were to be believed, we were a financially stable and extremely well run club, indeed a model to be copied by others. That being the case, other finance providers would have been prepared to loan money even in the recession. Contrary to the horror stories carried in the tabloids etc. banks were still trying to lend their money out to good businesses.

[PEARCEY]

More than half of Championship clubs are technically insolvent, according to business information provider Equifax. Plymouth are the healthiest:
(Clubs graded A to F – with D an average financial health score, or I for insolvent

Clubs currently technically insolvent in the Championship :-

Barnsley 39 I
Ipswich 26 I
Nttm Forest 13 I
Newcastle 11 I
Bristol City 10 I
Leicester 9 I
Preston 8 F
Doncaster 8 I
Cardiff 4 I
Peterborough 4 I
Sheff Wed 2 I
Swansea 2 I
Crystal Palace 2 I
Coventry 2 I
Middlesbrough 0 I
Blackpool 0 I

Clubs as near as damn it to being insolvent
QPR 16 F+
Sheff Utd 30 E+
Preston 8 F

Clubs solvent
Plymouth 85 A
West Brom 83 A-
Derby 61 C+
Reading 54 C-
Scunthorpe 52 C-
Watford 42 D

West Brom=well run football club.

[handbags_harris]

And Plymouth?

[The whole year inn]

Hang on didn't BR drop Odea after a few games.

we won a few games

when?

[Arch]

Does insolvent mean if they liquidated all their assets it wouldn't pay their debts?

[Horsham Royal]

Does insolvent mean if they liquidated all their assets it wouldn't pay their debts?

Not necessarily.
Can mean you have cachflow problems.
So could have lots of assets on paper, but not enough cash to settle debts that are immediately due.

[Tails]

...and the other 22 teams? Have they all had to sell £12 million worth of players, cut their wages in half and only bring in £3 million of players to cover all that?

Wonder how much Madejski would put on a price for the huge publicity for his many companies and investment projects have received, the sway it may have given him in many projects (such as his Knighthood)

[On High]

More than half of Championship clubs are technically insolvent, according to business information provider Equifax. Plymouth are the healthiest:
(Clubs graded A to F – with D an average financial health score, or I for insolvent

Clubs currently technically insolvent in the Championship :-

Barnsley 39 I
Ipswich 26 I
Nttm Forest 13 I
Newcastle 11 I
Bristol City 10 I
Leicester 9 I
Preston 8 F
Doncaster 8 I
Cardiff 4 I
Peterborough 4 I
Sheff Wed 2 I
Swansea 2 I
Crystal Palace 2 I
Coventry 2 I
Middlesbrough 0 I
Blackpool 0 I

Clubs as near as damn it to being insolvent
QPR 16 F+
Sheff Utd 30 E+
Preston 8 F

Clubs solvent
Plymouth 85 A
West Brom 83 A-
Derby 61 C+
Reading 54 C-
Scunthorpe 52 C-
Watford 42 D

What do the numbers mean?