Reading agree to sell their training ground to Wycombe

Quicksilvera

Quicksilvera

Well-known member
Wow, absolutely insane what is happening. A friend who I met when they beat us 3-2 in their first premier league game who I have stayed in touch with thinks it’s the end of Reading.

They are in big big trouble.
 
Selling for half what it cost them to build it. Paid £50mill getting £25mill for it. It will also likely cost them their cat 1 academy status. They are well and truly up the creek.
 
BeanBeany said:
Goes to show what can happen when a committed local owner sells. I'm not Gibson's biggest fan but can't knock the financial stability he provides
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It's all about having a club to support, we know currently the same situation won't happen to us under Gibsons stewardship. Afterwards, who knows...
 
MBBoro said:
Think we are in a bit murky water to be criticising other clubs taking advantage of clubs on the brink 👀.

Ourselves and, ironically, Wycombe came out of the Derby situation with precisely zero moral high ground.
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Give your head a wobble.
 
MBBoro said:
Think we are in a bit murky water to be criticising other clubs taking advantage of clubs on the brink 👀.

Ourselves and, ironically, Wycombe came out of the Derby situation with precisely zero moral high ground.
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How is league 1 going? You Bamford.
 
Colgates_shaving_foam said:
Eh?
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We certainly used Derby‘s financial position as leverage to gain a settlement in a legal dispute that the only serious analysis I read said was on the spurious side.

I think Gibson honestly felt he had a grievance, and he managed to convince most of the Middlesbrough fans that he did, although his grievance was over the ground sale, which was of course contemptuously dismissed by the commission. It was the other charge around players contracts that they got bogged down in the appeal over.

Obviously obviously it’s alright when we do it though
 
FishofContemplation said:
We certainly used Derby‘s financial position as leverage to gain a settlement in a legal dispute that the only serious analysis I read said was on the spurious side.

I think Gibson honestly felt he had a grievance, and he managed to convince most of the Middlesbrough fans that he did, although his grievance was over the ground sale, which was of course contemptuously dismissed by the commission. It was the other charge around players contracts that they got bogged down in the appeal over.

Obviously obviously it’s alright when we do it though
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He had every right to have a grievance over the ground sale (as every single person should, including derby fans) Selling a clubs assets to the owner to circumvent FFP is only ever going to end one way.
 
Derby cheated and got caught. Gibson shouldn’t have had to be the one forcing the league to do something about it. Who knows where they would be if they had been allowed to get away with it for another season or two?
 
Priv said:
Selling for half what it cost them to build it. Paid £50mill getting £25mill for it. It will also likely cost them their cat 1 academy status. They are well and truly up the creek.
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They have a really decent u18 Academy team this year - they got to the last 16 of the Youth Cup and were only just beaten 2-1 away at Man City.

Of the 18 lads in the year / squad, 4 were offered reduced rate contracts, of which 2 turned them down. The other 14 were released. Sad state of affairs
 
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