WuTang
Well-known member
- Joined
- 15 Dec 2017
- Messages
- 2,344
Our situation hasn't changed since K*ssam screwed us and Nick Merry signed us further into oblivion with the stadium contract. We are lucky to have a club whilst we lose £2m a season and have managed to find rich benefactors to prop us up and fund that. As soon as any of them leave we have to cross our fingers and pray we find someone else, after Lenagan came Eales, after Eales came Tiger, after Tiger came the current group. We are fortunate that Oxford is a worldwide household name and that will encourage some to get on board despite our situation.F*ck Reading, but I can't help feeling that some of these comments could come back to bite us in the behind.
We currently survive paying way over our organic income thanks to subsidies from a distant set of owners that seem to have more interest in property speculation that football. Feels like a very Reading situation. If Bakri and chums lost interest in shovelling cash into soft loans to OUFC every year, who would ever want to pick up the pieces, and where would our club end up?
We have become smarter with our signings in recent years and that's allowed us to sell one or two each summer and reinvest, but it papers over the cracks. We've been waiting 25 years for the stadium situation to resolve, a new stadium will allow us to survive sustainably ongoing once we can generate our own revenue on a massively reduced rent.
We have, with help, survived thanks to generous owners for those 25 years but have also spent those years in League 1 down to the National League. I wonder where we'd be if one of those owners tried to invest hard Championship finances to try and reach the PL to the tune of 10s of millions for the past 25 years? Probably where Reading are, absolutely up sh*t creek. We've had half decent playing budgets in that time but haven't gone s**t or bust tying to reach the promised land, that's the difference for the two.