Reading's woes continue

[mutley marvel]

Reading hit with fresh transfer embargo for late HMRC payment

R

www.readingchronicle.co.uk

How lucky are we to be run by a Top Notch Exemplary Custodian

 

[demportdave]

I doubt the Agents of the raft of players they have signed recently would wait for their payment.

 

[pastiesforlife]

Reading hit with fresh transfer embargo for late HMRC payment

R

www.readingchronicle.co.uk

How lucky are we to be run by a Top Notch Exemplary Custodian

Lucky they managed to get Sam Smith, Harvey Knibbs and Charlie Savage before the embargo.

Saw that the first two, who were alledgedly Argyle targets combined well to score last Saturday.

 

[cheshiregreen]

Smith is now injured. Phew! Saves the complaints of us signing injury hit players.

There are reports that Reading may not receive approval to play any of their new recruits. What a mess!

Tim Dellor column: Reading fans 'crying out' for a distraction to off the field issues in 2023-24 - https://www.bbc.com/sport/football/66328334

 

[mervyn]

An interesting read. The owner has pumped £200 million into the club in 6 years, leading to relegation. Must be one of the world’s worst ever investments. That’s why I’ll shed no tears if our progress is slow and occasionally painful. Solvency is everything.

 

[Andy in Peverell]

Maybe I’m being harsh but I’ve little sympathy for fans like Readings.
Where was their moaning when their owner had them paying wages that was double their income?
I’m sure The price of football mentioned their wage bill one year was 234% of their revenue and
in 5 years they lost £146 million chasing the premiership dream.

where was the complaints when they signed Meite from PSG on £20k a week, or Joao, or Puskas signing for £7.5 m.
Seems they were perfectly happy for a super rich Chinese billionaire to continue to burn £200m in 6 years and are only complaining now the new rules in China make it impossible for him to keep the funds rolling in.
As a football fan we‘d all love a generous owner but Mr Dai at Reading is the definition of unsustainability.
Their fans loved the boom, here comes the bust

 

[Andy S]

Maybe I’m being harsh but I’ve little sympathy for fans like Readings.
Where was their moaning when their owner had them paying wages that was double their income?
I’m sure The price of football mentioned their wage bill one year was 234% of their revenue and
in 5 years they lost £146 million chasing the premiership dream.

where was the complaints when they signed Meite from PSG on £20k a week, or Joao, or Puskas signing for £7.5 m.
Seems they were perfectly happy for a super rich Chinese billionaire to continue to burn £200m in 6 years and are only complaining now the new rules in China make it impossible for him to keep the funds rolling in.
As a football fan we‘d all love a generous owner but Mr Dai at Reading is the definition of unsustainability.
Their fans loved the boom, here comes the bust

We have one already.

 

[Andy in Peverell]

We have one already.

We have the “perfect“ generous owner. One that understand where the investment is needed and employs a very able team to implement it.
The sad thing is we’re playing catch up to teams that has had a 30/40 head start on us with their infrastructure like Norwich, Ipswich, Stoke etc because we’ve never had an owner with the money, nous and acumen, we’ll not in my time anyway (Bloom was my 1st chairman)

what he won’t do is pay crazy, unsustainable wages, chasing the dream of premier league money whilst putting the whole club at risk if it doesn’t pay off.
Even if we go down as bottom club this year I’ll still back the back the halletts approach as we’ll be a year further down the line with Brickfields and the training ground.
The championship looks crazy this season.
I‘ll bite ya hand off for one place above the drop.

we probably had better players the last time we made the championship but that house was built on san, this one’s on Dartmoor granite

 

[Argyleloyal]

The Football League are refusing to accept the registration of Savage and fellow signing Lewis Wing.

 

[cheshiregreen]

Transfer embargo lifted

Reading: EFL transfer embargo lifted from League One side - https://www.bbc.com/sport/football/66392912

 

[Quinny]

Reading have been deducted one point, with a further three point suspended which they'll be slapped with should Dai fail to pay wages again between now and the end of the season.

Club statement | Club accept EFL charges and sanction

Royals docked one point and owner fined following late payment of wages last season...

www.readingfc.co.uk

 

[mutley marvel]

EFL confirm points deduction for Reading after breaching regulations - Fan Banter

EFL confirm a points deduction for Reading after breaching regulations, this takes effect immediate with the points tally adjusted. A one-point deduction with a further three points have been suspended after an Independent Disciplinary Commission determined that the club had breached EFL...

fanbanter.co.uk

 

[mutley marvel]

EFL Statement: Reading FC

The Official home of the English Football League

www.efl.com

 

[Quinny]

Quelle surprise!

 

[The Pilgrim]

Only early in the season but that drops them in to the relegation zone! It also takes Wigan out of it who started on -8.