Discover and read the best of Twitter Threads about #ReadingFC

Most recents (8)

Yesterday was another crazy day for #Football & specifically in this case, for #Derby #dcfcfans

#EFL ruling on their accounting practices

Threat of sanctions - What will that mean?

#RichardKeough ruling - They have to pay him £2.3m (bonkers episode)🤯

bbc.co.uk/sport/football…
Then add in the farce of the #takeover process

A 29 year old front-man masquerading as an Instagram Billionaire (complete with macho boxing backstory & links to Indonesian investors & looted billions) #Suharto

👏 @secondtierpod ⤵️

#DCFC #FitAndProper

I'm equally fascinated & frustrated by rogue investors in #EnglishFootball

I've read widely and spoken to people with genuine knowledge of the machinations of global finance💸

What puzzles me today is, how/why did #MelMorris get himself in this hole?😏
Read 18 tweets
#ReadingFC 2018/19 financial results covered a season when the #Royals finished 14th in the Championship. Manager José Gomes was replaced in October 2019 by Mark Bowen, who has since been succeeded by Veljko Paunovic. Some thoughts in the following thread.
This was the third season that #ReadingFC were under the control of Chinese businessman Dai Yongge (and his sister Dai Xiu Li), who own 96% via Renhe Sports Management Co Ltd. Bowen said, “He has spent a hell of a lot of money on the club and still wants to spend money.” Image
#ReadingFC loss increased from £30m to £42m, largely due to no repeat of prior year’s £8m from sale of the training ground and £2m other operating income. Revenue dropped £3m (16%) from £21m to £18m, while profit on player sales fell £0.8m to £1.6m. Expenses cut £2m (3%). Image
Read 41 tweets
Players with the most points per game for each team in the Championship 💪

(THREAD 👇)
Wycombe - Jordan Obita

The #Chairboys average 1 point per game in the matches he’s played this season Image
Wednesday - Keiren Westwood/Massimo Luongo

Points per game average when on the pitch: 1.42 ImageImage
Read 25 tweets
#ReadingFC PsTch from Rotherham.

Not a great outing for Semedo. Or for Pauno using Semedo.

Joao only registered 7 touches, hence his score.
Combo rating top 3:
1. Meite [3]
2. Moore [8*]
3. Richards [5]

Meite's 1st time there.

With Joao sitting most game, Moore took over season lead. Suppose it's time to start thinking about _why_ he's more effective this year. Some will just say he's playing better. Okay, but...
My working theory: Pauno's 2 mids give more immediate shield/recover on his side (as does move away from Bowen's man-marking in mid, along w offering clearer picture), Laurent more disciplined in def duties than Pele, & more focus on big switch/over top keep him from letting off.
Read 7 tweets
#ReadingFC 2018/19 financial results covered a season when the #Royals finished 20th in the Championship for the second consecutive year. Manager Paul Clement was replaced in December 2018 by José Gomes, who was in turn succeeded by Mark Bowen October 2019. Some thoughts follow.
This was the second season that #ReadingFC were under the control of Chinese businessman Dai Yongge (and his sister Dai Xiu Li), who own 95% via Renhe Sports Management Co Ltd. Bowen said, “He has spent a hell of a lot of money on the club and still wants to spend money.”
#ReadingFC loss increased by £9m from £21m to £30m, despite revenue rising £3m (18%) from £18m to £21m, and increases in profit on player sales (up £1m to £2m) and property disposals (up £2m to £8m). In contrast, other operating income fell £8m to £2m and expenses were up £7m.
Read 44 tweets
I recently wrote about the importance of the cash flow statement in assessing the financial performance of a football club, focusing on the Premier League. Since then I have had a few requests to do the same for the Championship, so let’s take a look in the following thread.
A club’s profit and loss account is easy to understand, i.e. basically revenue less expenses (mainly player wages), but this is a notional profit based on the accountants’ accruals concept, which can be very different from actual cash movements.
This is important, as the main reason that football clubs fail is cash flow problems. It does not matter how large your revenue is (or your profits are), if you do not have the cash to pay your players, suppliers or indeed the taxman, then you will find yourself in trouble.
Read 41 tweets
Today, at half time I was told by an ‘under cover security guard’ that if I continued to text about the football match at the KCOM stadium I’d be ejected from the ground.

A confused thread...
#hcafc #readingfc
At half time a man in casual gear followed by a steward, came up to me and said ‘tell me what this says’

holding a badge up that said security. I said (spoiler alert)

‘...security?’
He then explained he’d been watching me text throughout the first half, he asked what I’d been texting (in a not so friendly manner)
Read 20 tweets
Although the 2016/17 financial results for the Championship are now a season out-of-date, they are the most recent published by the clubs, so people might still be interested in the comparisons as the new season kicks-off. Some thoughts in the following thread.
In contrast to the Premier League, only 6 clubs in the Championship made money, led by #NFFC £32m & #BarnsleyFC £13m. In this very competitive division most clubs over-extend in a bid to reach the lucrative top flight. Largest losses at 2 promoted clubs: #NUFC £47m & #BHAFC £39m.
Some clubs’ figures impacted by significant exceptional items, so #NFFC (£40m) and #ReadingFC (£9m) were boosted by loan write-offs. In contrast, promotion bonuses adversely affected #HTAFC £12m, #NUFC £10m and #BHAFC £9m. Newcastle also booked £22m onerous contract provisions.
Read 26 tweets

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