Vital Football

Latest Reading FC News

So thats where the money has gone....

So thats where the money has gone....

After watching the club fall out of the Premiership and then failing to regain promotion, certain sections of the clubs fans had become increasingly frustrated at the lack of investment after seeing a number of players leave the club this summer. At the end of the home game with Sheffield United in August, many fans chanted 'where`s the money gone` in the direction of the director`s box, and the club has now released a statement telling us exactly that.

It would appear that there was a big overspend in the 2005/2006 season to ensure promotion and that took up a large chunk of the following season`s Premiership budget and players had contracts that doubled, or in some cases trebeled, their wages when they became Premiership players - in fact we spent nearly £60 million on wages in our 2 years in the top flight.

Last season we made 'a concerted attempt` to get back at the first time of asking and as such made a £6million loss despite the parachute payments relegated clubs received. We were also asked to pay £7million in bank loans due to the current economic climate which is where the money from the sale of the likes of Kevin Doyle and Stephen Hunt has gone.

You can read the full statement from the club on the official website HERE.

Exclusive to Vital ! Read now ! The Vital Boxing John H Stacey Interview



*Try Vital Mobile FOR FREE for the latest news, scores, fixtures and so much more*

Click here to join in the debate on the club forum.

Writer:Steve Guscott
Date:Friday October 2 2009
Time: 12:37PM

Login to post a comment

Recent Reading Articles

Team news - Reading vs Sheff Wed

We take a look at some teams news and the predicted Royals line-up ahead of the game with Sheffield Wednesday at the Madejski tomorrow afternoon.

Vital Preview - Championship, 9th-11th Dec 2016

The 2016-17 season continues with the latest round of games this weekend. This will see us among those involved with three points of course the aim.

Stam Hoping To Chat With Manchester United Legend

Jaap Stam left Man United after falling out with Alex Ferguson. After spells with Lazio, AC Milan & Ajax he's become the Reading boss and is hoping to catch up with Fergie next month.

November MotM Nomination - Stam

The November nominations for the Sky Bet Championship Manager of the Month Award are in.

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

Write for Vital Reading
Write For Vital Reading
Apply Here

Current Poll (see more polls)

Reading v Sheffield Wednesday
Suggested By:
Reading win100%
Sheffield Wednesday win0%
Draw0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Brighton 20 12 6 2 42 19
2 Newcastle 19 13 1 5 40 21
3 Reading 19 10 4 5 34 1
4 Leeds Utd 20 10 2 8 32 1
5 Birmingham 19 8 7 4 31 2
6 Sheff Wed 19 9 4 6 31 1
7 Norwich 19 9 3 7 30 4
8 Huddersfield 19 9 3 7 30 -3
9 Derby County 19 8 5 6 29 4
10 Fulham 19 7 7 5 28 9
11 Bristol City 19 8 3 8 27 4
12 Barnsley 19 7 4 8 25 3
13 Forest 19 7 4 8 25 1
14 Preston 19 7 4 8 25 1
15 Aston Villa 19 5 10 4 25 1
16 Ipswich 19 6 6 7 24 -2
17 Q.P.R. 19 6 5 8 23 -8
18 Brentford 19 6 4 9 22 -2
19 Burton 19 5 7 7 22 -4
20 Wolves 19 5 6 8 21 -3
21 Blackburn 19 5 5 9 20 -7
22 Cardiff 19 5 4 10 19 -12
23 Wigan 19 4 6 9 18 -5
24 Rotherham 19 1 4 14 7 -26
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Reading Results (view all)

Reading Fixtures (view all)

Dec 10 2016 3:00PM : Sheffield Wednesday (H)
Sky Bet Championship
Dec 13 2016 7:45PM : Leeds United (a)
Sky Bet Championship
Dec 17 2016 3:00PM : Blackburn Rovers (a)
Sky Bet Championship
Dec 26 2016 3:00PM : Norwich City (H)
Sky Bet Championship
Dec 30 2016 8:00PM : Fulham (H)
Sky Bet Championship
Jan 2 2017 3:00PM : Bristol City (a)
Sky Bet Championship
Vital Football Comment