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Madejski Set To Quit Over 'obscene' Money

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Reading chairman John Madejski has lashed out at the "horrible" big-spending culture in the Premiership which is set to force him to quit the club.


After 16 years with Madejski at the helm, the Royals have reached the top flight for the first time in their none-too-illustrious history.


But while the fans, manager Steve Coppell and the players are eagerly counting down the days until an historic first fixture, Madejski is searching for a buyer so he can exit as soon as possible.


And his reasons for wanting to snub the Premiership party are purely financial, he explained, with Roman Abramovich's bankrolling of Chelsea setting the pattern according to Madejski.


He said: "After the ITV Digital debacle, when money that was going to be paid to the clubs suddenly wasn't forthcoming, wages started becoming more normal.


"But then enter the theatre Mr Abramovich and it all started going up again.


"Naively I thought that when we got to the Premiership we would be able to balance the books but it is becoming all too apparent to me how costly it will be.


"The whole thing is ratcheted up with agents and it is obscene that everything is so darned expensive.


"If we could just get back to playing old-fashioned football with people who want to play football and are not just interested in having a bigger car or a bigger house and more and more money.


"It is just horrible. Clubs outside the big six are hardly surviving. They are all running at a loss and it is all wrong.


"I would love to stay but I just don't think I can afford to.


"I actually don't blame the players but I do blame people who are in a position to stop this tendency to pay more and more and more, which makes it all so terribly unhappy.


"There are a lot of people in football who have no pecuniary interests in football but are quite prepared to spend other people's money."


Madejski did not rule out selling to a Russian, however, although he felt Abramovich's antics made it more likely that a new buyer would emerge from elsewhere, with the Far East a possibility.


He said: "I would sell to a Russian but I think a lot of them have been put off by Abramovich because they don't see any point in competing with him.


"There are plenty of very wealthy Irish people these days and then there is the Far East. The future is the east - I know because I lived out in Malaysia at the end of the last decade.


"In fact, I wouldn't be at all surprised if the next Reading chairman was from the Far East."


So far, the Royals' purchases have been modest as although South Korea midfielder Seol Ki-Hyeon was a club-record purchase from Wolves, a third of his £1.5million fee is dependent on appearances.


Similarly, the amount agreed for Brentford defender Sam Sodje will not break the bank as it can rise from £350,000 to a ceiling of £500,000.


Madejski said: "We are already in debt and we have to bring the club forward without putting it in jeopardy. What we don't want is a honeymoon period in the Premiership and then sinking into oblivion.


"We need to be incredibly prudent in terms of who we buy, what we buy and how we buy. It's a very difficult game we are playing."


The club's debt currently stands at £10million.

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i was wondering why reading had been so quiet in the transfer market. if they plan to stay in the premiership they have to strengthen the side.


it looks like theyve booked a return ticket to the championship.

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Majeski has always said that he was going to sell Reading at the end of the coming season it seems that he is just adding weight to his aurgument before he sells up!


:blink: sounds like he just wants a wod 4 his club premiership club now lads :lol::lol: get a spine man ;)

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