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John Madejski: Wants to protect Royals' foundations
John Madejski: Wants to protect Royals' foundations
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I won't gamble Royals' future

By Nick Ive
4/ 9/2008

John Madejski believes it is unfair for fans to boo him – and has told his critics he will not jeopardise the future of the club.

The multi-millionaire chairman has always enjoyed unwavering backing from loyal Royals for saving the club from extinction and giving them the financial backing to reach the Premier League for the first time in their entire history.

However, he is now coming under fire from a section of disillusioned supporters for what is seen as a distinct lack of investment.

Madejski was booed by some fans when he took to the pitch at the interval to encourage the crowd into being more vocal during Saturday’s thrilling 4-2 win over Crystal Palace.

In an exclusive interview with the Evening Post, the chairman said: “I didn’t actually hear it, but apparently it happened.

“It’s never the best thing in the world. I feel it is a bit unfair. We are trying our best, but the trouble is they are not privy to the finite details of the costs and what is involved.

“Running a club is a very expensive business and they shouldn’t be so quick to judge.”

Despite relegation, Royals receive £11million over the next two seasons in parachute payments. However, their television revenue drops from £30million last season to just over £1million this time around.

The club has also slashed its wage bill by 40 per cent and has also recouped little more than £10million in transfer fees following the sale of Dave Kitson, Nicky Shorey and Ibrahima Sonko.

However, there are still bank loans to pay off.

And Madejski, who stopped subsiding the club several years ago, insists millions of pounds have been spent on investment and infrastructure.

The chairman said: “We are not awash with cash like everyone thinks, but we are financially healthy compared to most of the Championship clubs. We had two seasons in the Premier League but there isn’t a surplus of cash.

Read Thursday's Evening Post for the full story.


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Most recent 2 of 3 user comments


   Majejski says he won't gamble the Club. After 10 years of building this great sporting area and complex up in dear old READING, he is now just concentrating on business ventures in the town and not the Football Club. The stadium has a great future, we need someone to keep on top of it and push it even further. DELEGATE... We have a future... we don't want Madejski to Gamble with the club, but sitting on the fence gets you nowhere. He has been reported to say he wants a Billionnaire to buy the club, hes given up on his passion and pride and the town already. The only way is down for morale now.. Come on John put your heart and soul back into this area of Reading (ie THE FOOTBALL, PASSION AND PRIDE) you can achieve so much more. Motivation from the owner we all want, its not JUST a few fans let down... the whole town looks up to you
rarebabe, Reading
9/09/2008 at 14:38
   A greater degree of financial transparency should help your case no end, in that case. Why not educate us fans Mr Madejski? PS And thank you for what you have done thus far with the Club's rise to prominence.
Wizzo, Slough
4/09/2008 at 18:10
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