I've seen a few league tables based on club wages and always wondered about Reading. Could be a new Wigan? Eye-watering losses. https://www.bbc.co.uk/sport/football/52184178
Another "well run" club who's fans will be bleating when the owner decides he's had enough, pulls the plug and puts them in admin.
Yeah There spend even dwarfs Wigan’s but for all that they never seem to make a serious stab at getting promotion.
Reading have to be in serious FFP trouble this season. They have already sold their ground, written off owner loans and the figures for the last two seasons show losses of £30m for 2019 and £21m for 2018. They need to make a profit of £12m this year to stay within the bounds of FFP. A similarity with Wigan is the wages to turnover figure of 198%. To put the losses in context turnover is around £18m with costs of about £55m. As mentioned earlier another club who are absolutely screwed if the owner decides they have had enough.
Jaap Stam was on goals of sunday saying his second season went wrong as he couldn’t freshen the squad up with a couple of quality signings. This was after spending a fortune in his first season on crowds not much different to ours. They’re all delusional chasing that premier league dream.
When I first saw the title I didn't know if I'd read it right cos I don't know if I'm reading Reading or reading. Then there's always write, right and wright. Good job arithmetic is an only child.
Also saw this today - https://www.derbytelegraph.co.uk/sp...by-county-championship-wages-compared-4031090 No surprise that the clubs at the top of the table include Wigan, the clubs who have bought their own ground and Norwich and Villa who were clearly gambling that they'd be promoted. Reading are a clear outlier even amongst these though. They must surely be very, very exposed at the moment. A search suggested that our wage bill in 2017-18 (when we were relegated last time) was £10.6m. Just shows the wage discrepancy we've had to compete against, albeit the figures in the above table are from the following season. Hopefully there will be a reset that narrows the gap.
And the difficulty we have in retaining our best players given the riches on offer elsewhere. I think as supporters we need to be realistic about this when our best players move on. With a short career, who can blame players for pursuing financial security.
Although I see your point about players choosing to move for better money I find the whole "short career" argument an excuse to justify the excessive salaries these young men are on. This is an insult to the fans who subsidise their wages and have had many career changes in their working lives. What makes footballers incapable of earning a living by retraining to do something else? They could even stay in the sport if they choose. I was a paper boy and had a very short career. But I didn't demand or even think that would be my one and only role in the workforce!
It all went wrong for them when they lost to huddersfield in the play off final now just looks like a matter of time before they end up like wigan possibly worse bump this thread mid season.
Sounds more like Wednesday to me. Although their stadium sale wasn't as dodgy, both clubs are spending hand over fist and are running out of assets to sell to plug the hole.
Completely agree. I also dislike the "per week" quotations for salaries just to make it sound less. Instead of quoting £20k a week salary... why not just say thats £1.04m BASIC a year to do a part time job, get tattoos galore and play on whatever the latest games console is!
I am not saying that I think it is good that players go for the money. It is the supply and demand of market forces. If someone is willing to pay more for your services, with a few exceptions, most will go for the extra dosh. To this is added the need for clubs to sell their "assets" to continue in business. Our club has always had to sell players to stay in business. We almost went out of business in the sixties when we ran out of players to sell.
