Buzzin Championship Football

Self-made millionaire and Reading chairman John Madejski has once again stated his disproval of players wages. He told BBC Radio Berkshire they were “obscene in the extreme”.

He is adamant not to pay over-inflated wages to attract new signings to the club, in the quest to seek automatic promotion back to the Premier League.

Adding a certain balance to his bold statement, he went on to say:

“I’m pleased they get good salaries - that’s only right - but it’s gone off the Richter scale.”

I visited the Madejski Stadium before Reading were promoted to the Premier League and was impressed with the staduim. Alot of work and money has been pumped into the club and much of their financial stabilty has been put in place by John Madejski’s calm and resonable financial judgement.

Madejski explained the difference between the Premiership and being a Championship football uk team is a £22m deficit and Reading now face the problem of retaining a large squad of players.

He said Reading have tried to do what they can with a solid business model, but even selling a whopping 14,000 season tickets is not as fantastic as it seems, compared to last season.

In these times of outrageous footballer wages, television money and foreign billionaires using English football as a play thing, I like John Madejski’s honest and sensible approach to running a football team with a good manager that plays exciting football.

John Madejski has commercial interests in property, media, hotels, restaurants, publishing and football. According to The Sunday Times Rich List 2007 he is in the top 200 wealthiest people in the UK with a net worth in the region of £400 million.