Sir John Madejski speaks out on Reading FC amid likely points deduction

© Provided by Football League World Reading chairman Sir John Madejski before the match

Former Reading FC owner Sir John Madejski has said has expressed his concerns about how long the second-tier side’s owners will want to continue funding the club, as he spoke to talkSPORT amid a potential points deduction.

The Royals are on the cusp of being docked points by the EFL after breaching their profit and sustainability rules, with a report from The Telegraph stating the two parties are currently in discussions about the terms of this penalty for a side who could lose up to nine points they have gained this term.

For many, this comes as no surprise after seeing the club lose over £90m in their last three sets of financial accounts, breaching the rules by well over £50m and being placed under a strict transfer embargo this summer.

These losses come after a heavy period of spending by the Berkshire outfit between 2017 and 2019, breaking their transfer record twice to recruit Sone Aluko and George Puscas, being reluctant to cash in on some of their most valuable assets and allowing their wage bill to spiral out of control as Covid-19 made a huge impact on revenue generated by clubs throughout the EFL.

Reading are said to be in the final stages of negotiations over their punishment to avoid this matter going to the disciplinary commission with a deduction of six to nine points likely to be imposed – and former owner and chairman Sir John Madejski spoke out about the Royals’ current predicament after stepping back from the day-to-day running of the club a number of years ago.

Love the EFL? Want to share your opinions about your club? Get involved by subscribing to FLW TV on Youtube HERE!

He said to talkSPORT this morning: “I think it’s extremely sad. I know the owners of the club are doing their best to get Reading into a good place. But if you break the rules you have to suffer the consequences.

“What I’m most concerned about is how long the owners will want to keep engaging. They’ve spent a tremendous amount on the club. You can’t deny their eagerness for success.”

The Verdict:

Many Reading fans would agree that the owners have spent a huge amount on Reading, not just on keeping the club going during Covid-19 times, but also on transfer fees, retaining some of their most prized assets and building a new state-of-the-art training ground.

This is why they deserve to be rewarded with success – but he also shares a fear many other supporters of the club also do. How long are they going to keep funding the club for with no return on their investment and little success on the pitch to show for their spending?

With several key players in the final year of their contracts and some unlikely to sign extensions, a looming points deduction, a need to generate more revenue and more transfer embargo restrictions potentially coming their way, it may take several seasons for Reading to get into shape.

It doesn’t seem as though owners Mr Yongge and Ms Hawken will run out of money anytime soon as wealthy billionaires – but it still remains a concern.

Arguably, the Royals deserve a further punishment as well as their embargo after breaching the profit and sustainability rules by such a huge amount, but they are no longer spending recklessly and probably wouldn’t have done even without these restrictions.

Hopefully, this lack of spending in the last few windows will be a sufficient plea in mitigation to reduce the points they’re deducted.

Source

Internet Explorer Channel Network
News Related

OTHER NEWS

Anfang hat mit Füllkrug "überhaupt kein Problem"

Die Verletztenliste wurde schnell abgehandelt, dann stand am Freitag ein Thema im Blickpunkt, dass den SV Werder Bremen schon die ganze Woche beschäftigt hatte. Für Markus Anfang nicht das einzige ... Read more »

Bayern wieder ohne Goretzka und Davies: "Wir gehen auf Mittwoch"

Leon Goretzka (26) und Alphonso Davies (20) werden dem FC Bayern München auch am Wochenende gegen die TSG Hoffenheim nicht zur Verfügung stehen. © imago images/Revierfoto Fehlt Bayern erneut: Leon ... Read more »

Chelsea vs. Norwich City: How to watch, schedule, live stream info, game time, TV channel

The Premier League is back in action on Saturday. © Provided by CBS Sports BAKU, AZERBAIJAN – MAY 29: The commemorative Chelsea pennant during the UEFA Europa League Final between ... Read more »

Baumgart lässt sich nicht bremsen: "Wir wollen attackieren"

Von fünf Gegentoren in Hoffenheim lässt sich Steffen Baumgart nicht bremsen. “Unsere Ausrichtung wird sich nicht ändern. Wir wollen vorne attackieren”, kündigte der Trainer des 1. FC Köln vor dem ... Read more »

"Tolle Einzelspieler": Bochums Blum warnt vor Ex-Klub Frankfurt

Trainer Thomas Reis würde den Sieg im Aufsteigerduell in Fürth “gerne vergolden”, doch Danny Blum weiß, wie schwer die Aufgabe gegen seinen Ex-Klub wird. “Wenn man Eintracht Frankfurt spielen lässt, ... Read more »

Erling Haaland suffers another injury setback, Marco Rose confirms

© Provided by Daily Mail MailOnline logo Erling Haaland has pledged to be ‘back stronger’ after suffering another injury setback as Marco Rose confirmed that Borussia Dortmund‘s star man will ... Read more »

Intime Einblicke: So haben Sie die ÖSV-Stars noch nie gesehen

Vom Zähneputzen bis zum Schlafzimmer: Vor dem Auftakt in Sölden wurden die ÖSV-Läufer 48 Stunden mit der Kamera begleitet. © ÖSV/Aichner Die ÖSV-Skistars sind es an sich gewohnt, in der ... Read more »

Everton confirm return of Dan Meis to new stadium project

© Photo by Tony McArdle/Everton FC via Getty Images Architect Dan Meis Holds a New Stadium Workshop Dan Meis, the concept architect for Everton’s new stadium at Bramley-Moore Dock, will ... Read more »

Friday Links: FC Dallas heads back out west

© Jerome Miron-USA TODAY Sports The week is in the books here as we head into another weekend of play for FC Dallas. The only difference now is that the ... Read more »

Erling Haaland facing 'weeks' out with hip injury

© Provided by 90min It’s a disappointing setback for Haaland | ANP Sport/GettyImages Borussia Dortmund striker Erling Haaland is facing another spell on the sidelines with a hip injury. The ... Read more »

Sooner Rewind: Samaje Perine runs wild, sets NCAA single-game rushing record

© Provided by Sooners Wire For a program that’s won just six Big 12 games and 22 overall since the departure of former Kansas head coach Mark Mangino, Oklahoma’s had ... Read more »

College Football Rankings: Ordering the 10 remaining undefeated teams, from Georgia to UTSA

Throwing out the truncated regular season of 2020, there have been an average of two teams per year to enter bowl season undefeated. After seven weeks of 2021, there are ... Read more »

Panthers HC Matt Rhule 'not looking anywhere else' for a QB

© Provided by Panthers Wire The last we heard anything regarding the Carolina Panthers and Deshaun Watson was back on Aug. 28, when multiple reports suggested the team was not ... Read more »

Football Manager 2022: a dozen teams to to start a career with

When you’re first loading up Football Manager 2022, choosing your character and thinking about the team you want to take control of, you’re greeted with the team that you support ... Read more »

Sainz: Drivers will have to adapt for "most demanding" 2022 F1 season

© Charles Coates / Motorsport Images Carlos Sainz Jr., Ferrari SF21 After this year’s run of 22 events, the calendar has been extended by one event in 2022, with the ... Read more »

Poll! Over half of FFT readers think Ole Gunnar Solksjaer is Manchester United's biggest problem right now

A survey conducted on FourFourTwo.com over the last week has revealed that 56% of voters believe Ole Gunnar Solksjaer is the biggest problem facing Manchester United right now.  © Provided ... Read more »

Haaland out for 'several weeks' with hip injury

Borussia Dortmund’s star striker Erling Haaland will be sidelined for “several weeks” with a hip flexor injury, coach Marco Rose said Friday. © François WALSCHAERTS Dortmund’s Norwegian forward Erling Braut ... Read more »

Real Madrid forward Benzema faces verdict in blackmail trial

VERSAILLES, France (AP) — A French court trying an alleged blackmail case involving Real Madrid forward Karim Benzema and four other defendants expects to render its verdict on Friday. Benzema ... Read more »

Maro Engel kämpft in Hockenheim gegen zwei Unserien: "Vielzahl von Gründen"

© Alexander Trienitz Maro Engel hofft in Hockenheim auf weitere Podiumsplatzierungen Das Mercedes-AMG-Lager hofft, beim ADAC GT Masters in Hockenheim eine Unserie zu beenden: Im badischen Motodrom konnten GT3-Fahrzeuge mit ... Read more »

Moto3 Misano 2: Acosta steigert sich deutlich - Migno Tagesschnellster

© Motorsport Images Pedro Acosta konnte am Nachmittag noch einmal nachlegen WM-Leader Pedro Acosta (KTM) konnte sich im zweiten Freien Training trotz immer noch nasser Strecke in Misano deutlich steigern ... Read more »

England vs India rearranged fifth Test confirmed as venue named

Edgbaston have announced that they will host the rearranged fifth Test between England and India next year. The match was due to be played last month at Old Trafford, but ... Read more »

UFC legend Michael Bisping removes fake eye during live video chat

Former UFC champion Michael Bisping has explained how his fake eye works whilst removing it on a live video chat. Bisping suffered a detached retina after his 2013 knockout loss ... Read more »

Irish FA announces Ian Baraclough contract decision

Ian Baraclough is set to remain as Northern Ireland manager after being awarded a contract extension by the Irish Football Association. The IFA board, which met earlier this week, has ... Read more »

ADAC GT Masters Hockenheim 2021: Lamborghini zum Auftakt vorn

Starker Auftritt von Lamborghini beim Auftakt des vorletzten Rennwochenendes der Deutschen GT-Meisterschaft in Hockenheim: Im ersten Training lagen gleich drei Huracán GT3 bei perfekten Bedingungen mit Sonne und blauem Himmel ... Read more »

Nicky Haslam is the snob we all need in our lives

To use Gen Z vernacular, I feel seen. As someone who refuses to attend baby showers, has never understood the appeal of David Bowie or why Richard Osman seems to ... Read more »

All the latest Sheffield Wednesday team news ahead of Lincoln clash

© Provided by Football League World Hillsborough Sheffield Wednesday n Sheffield Wednesday host Lincoln City on Saturday aiming to get back to winning ways after suffering the frustration of being ... Read more »

Dungannon Swifts vs Carrick Rangers preview, form book and betting odds

Carrick Rangers boss Stuart King insists his players will have to be “on it” for the full 90 minutes when they travel to Dungannon Swifts tonight. Carrick shipped four goals ... Read more »

'He can easily be DOF', 'Needs a role' - Many NUFC fans buzz as 'tremendous' footage emerges

Newcastle United fans have been reacting to footage that has emerged of former player and manager Kevin Keegan following the takeover at the club. © Provided by This is Futbol ... Read more »

Cricket-Fifth England-India test to be played in July 2022

(Reuters) – The fifth and final test of the series between England and India that was called off after a COVID-19 case in the Indian camp will be played in ... Read more »

Schoolgirl, 11, ‘seriously injured' after being hit in suspected drink driving incident

An eleven-year-old schoolgirl has been “seriously injured” after being hit by a car in a suspected drink driving incident. © WMFS / SWNS Images from the scene show a severely ... Read more »

Big cities can show us the way to a more climate-friendly Britain

London can view the Cop26 summit in Glasgow next week with a touch of smugness. Big cities, believe it or not, are “green”. Londoners are more likely to walk, cycle ... Read more »

Bruno Lage reveals Wolves injury blow for Leeds United and offers Pedro Neto update

Wolverhampton Wanderers will be without Willy Boly for tomorrow’s match at Leeds United, Bruno Lage has revealed. Boly has picked up an injury and hasn’t been able to train in ... Read more »

F1 | Austin: fresati i dossi dopo i problemi della MotoGP

Uno dei primi verdetti che arriverà dal venerdì di Austin è quello relativo allo stato della pista. I piloti sono divisi tra chi non ritiene che i dossi (che hanno ... Read more »

Pioli tra recuperi e assenze: "Ritornano Conti e Castillejo, Kessié e Pellegri indisponibili"

La brutta prestazione contro il Porto rischia di lasciare qualche strascico di troppo in casa Milan: Ibrahimovic e compagni devono smentire questa ipotesi a partire dal prossimo impegno, in programma ... Read more »

Casey Stoner loda e punge Valentino Rossi

© Fornito da Sportal.it L’ex centauro di Ducati e Honda si è rivolto al Dottore non risparmiandosi una battuta. L’ex centauro di Ducati e Honda Casey Stoner, in diretta streaming ... Read more »

WAC im Kärntner Derby gegen geschwächte Austria Favorit

© APA/GERT EGGENBERGER Ein sicherlich umkämpftes Kärntner Derby wartet Drei Siege hintereinander hat der WAC unter Robin Dutt noch nicht geschafft. Am Samstag (17.00 Uhr) winkt den Wolfsbergern diese Premiere ... Read more »

The Birmingham area that renters really want to live in

Hockley is one of the hottest areas in the country when it comes to demand for rental property. Analysis by Rightmove places the city district – which contains the trendy ... Read more »

Detached homes at most popular since 2002, says housebuilding industry body

Detached homes make up the highest proportion of new build properties being registered since 2002 as demand for spacious properties increases, according to an industry body. © Andrew Matthews Detached ... Read more »

Kaizer Chiefs, Orlando Pirates, Cristiano Ronaldo or Mo Salah? Who will YOU be watching?

© Provided by The South African 1200 Kaizer Chiefs, Orlando Pirates, Manchester United and Liverpool will all be playing at the SAME time on Sunday, 24 October. So who will ... Read more »

Clippers to host Grizzlies Saturday

Memphis Grizzlies (1-0, seventh in the Western Conference) vs. Los Angeles Clippers (0-1, eighth in the Western Conference) Los Angeles; Saturday, 10:30 p.m. EDT BOTTOM LINE: The Los Angeles Clippers ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic