Financial Report: Reading paid £225 in wages for every £100 of income last season
6 April 2020
Reading had a staggering operating loss of £40.7 million in the 2018/19 season, though that was offset slightly by selling their training ground to the club's owner.
That is a similar manoeuvre to what they did the season before – selling the club's stadium to their owner.
The club's wage bill rose by £5.4 million and is among the highest in the league.
Despite mounting losses, Reading spent £15.2 million on player transfers after the end of the balance sheet date.
Reading's operating loss rose by £12 million last season to £40.7 million, according to the club's just-released financial report, in what appears to be a damning indictment of yet another Championship club spending far beyond their means.
Championship clubs lost a collective £307 million in the 2017/18 season as owners invested big in attempts to secure the holy grail of Premier League promotion. However, those that fail in their quest to reach the English top flight more often than not get stuck in a spiral of mounting losses.
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