Reading's finances

killerandflash

http://www.getreading.co.uk/sport/football/transfer-news/reading-fc-confirm-le-fondres-7185337

An interesting backdrop to the same of Le Fondre to Cardiff is where Reading are going.

Reading's director of football Nick Hammond meanwhile confirmed that the club couldn't afford to turn down the offer for Le Fondre given the current financial difficulties.

Royals owe £1.6m to HM Revenue & Customs and another payment of a similar amount is due within the fortnight.

It seems that unless you bounce back after relegation straight away, financial problems can set in quickly as we found out ourselves...

All_Thaid_Up

Do they have any players we need?

Pedro45

Their (Russian?) owner is looking to bale out soon...hence not paying anyone.

Dizzle

Anyone we could take?

Bangkokaddick

Simon Church. Ooops, sorry, thought it was last year's thread.

tangoflash

I'm sure there's a few that we could do with. Unfortunately, I can't see us paying their value or matching their current wage.......................

Callumcafc

Garath McCleary, Sean Morrison, Danny Williams, Jake Taylor and Michael Hector

Starinnaddick

Callumcafc said:

Garath McCleary, Sean Morrison, Danny Williams, Jake Taylor and Michael Hector

I heard Palace are after McCleary.

Mortimerician

Will surely mostly be on silly wages

killerandflash

Bangkokaddick said:

Simon Church. Ooops, sorry, thought it was last year's thread.

Perhaps they'll buy him back as Le Fondre's replacement :-)

clive

League One Reading will appear in court on 9 August over an unpaid tax bill.

The club was served a winding-up petition, which is issued when a debt has been ignored for three weeks, by HMRC in June.

https://www.bbc.co.uk/sport/football/66153508

Meanwhile

https://www.readingfc.co.uk/news/2023/july/11/we-re-back--our-academy-regains-category-one-status/

Todds_right_hook

Callumcafc said:

Garath McCleary, Sean Morrison, Danny Williams, Jake Taylor and Michael Hector

Callum knew 😂

ForeverAddickted

clive said:

League One Reading will appear in court on 9 August over an unpaid tax bill.

The club was served a winding-up petition, which is issued when a debt has been ignored for three weeks, by HMRC in June.

https://www.bbc.co.uk/sport/football/66153508

Meanwhile

https://www.readingfc.co.uk/news/2023/july/11/we-re-back--our-academy-regains-category-one-status/

Rumour has it, they're trying to sign Theo Walcott

Ferryman

ForeverAddickted said:

clive said:

League One Reading will appear in court on 9 August over an unpaid tax bill.

The club was served a winding-up petition, which is issued when a debt has been ignored for three weeks, by HMRC in June.

https://www.bbc.co.uk/sport/football/66153508

Meanwhile

https://www.readingfc.co.uk/news/2023/july/11/we-re-back--our-academy-regains-category-one-status/

Rumour has it, they're trying to sign Theo Walcott

And Sean Clare

Callumcafc

Todds_right_hook said:

Callumcafc said:

Garath McCleary, Sean Morrison, Danny Williams, Jake Taylor and Michael Hector

Callum knew 😂

Haha ten years too late but always rated him 👍

clive

Reading are no longer under a transfer embargo, which had been in place since the summer of 2021.
BBC South Today understands that an outstanding tax debt owed to HM Revenue & Customs has now been settled.
https://www.bbc.co.uk/sport/football/66174548

se9addick

Ferryman said:

ForeverAddickted said:

clive said:

League One Reading will appear in court on 9 August over an unpaid tax bill.

The club was served a winding-up petition, which is issued when a debt has been ignored for three weeks, by HMRC in June.

https://www.bbc.co.uk/sport/football/66153508

Meanwhile

https://www.readingfc.co.uk/news/2023/july/11/we-re-back--our-academy-regains-category-one-status/

Rumour has it, they're trying to sign Theo Walcott

And Sean Clare

Clare signed for Wigan yesterday.