Warnock Confirms Leaving Reserves League

Sounds reasonable, Lonegunmen. Certainly there has to be something better than scrapping the League and playing "Friendlies" or going out on loan..

Meanwhile, Reading will be cutting their budget this summer

Reading FC must save £4million
By Jonny Fordham /Get BRacknell
April 28, 2010


A board meeting has been called at Madejski Stadium next week as Reading look to save around £4million.

The Reading Post understands Royals will still have to cut more costs to balance the books due to the loss next season of the £12m Premier League parachute payment.

Chairman Sir John Madejski will also sit down with director of football Nick Hammond and manager Brian McDermott to thrash out the club’s transfer budget.

The worry among fans is that Royals could be forced to sell star names to help reduce the deficit.

Top-flight clubs have been linked to McDermott’s stars with Gylfi Sigurdsson and Adam Federici, both rated at more than £2million, attracting the most interest.

But Hammond insists he and McDermott will be stressing that Reading need to hold onto their best players for the 2010/11 campaign.

He said: “I am sure that the board will be looking at all sorts of measures to help finance and support the club, but it is difficult to say what we may or may not have to do.

“Brian and I will be presenting our case and the board meeting will be key to understanding what the numbers are for next year and what me and the manager need to do to make everything fit.

"We should get some clarification from the board about next season’s financial position.

“It has been a fantastic end to this season and Brian and I feel that if we can keep hold of what we have got then we could move forward and challenge at the top end of the Championship.

“We have players coming to the end of their contracts that we want to keep, which needs to be sorted out and it is likely that there will need to be some trading to bring other players in.”

Last summer the club was forced to repay bank loans of £7.5million, as well as recouping a loss of £6.25million after relegation.

That sparked the sale of top- scorer Kevin Doyle, Stephen Hunt and Andre Bikey, which brought in close to £12million in transfer revenue.

But Hammond is adamant that all clubs up and down the Championship will be tightening their belts this summer.

He added: “Twelve million pounds is an incredible amount of money to go without so it will be a difficult summer, but I think it will be for all clubs at this level.”

www.getbracknell.co.uk/sport/football/readingfc/s/2070129_reading_fc_must_save_4million