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Reading chief Madejski: Club will not go on spending spree

Reading chairman Sir John Madejski says the club will not go crazy with money after gaining promotion to the Premier League.

The Royals cannot miss a top-two finish in the Championship after beating Nottingham Forest 1-0 last night, giving them automatic entry to the top flight, but Madejski has made it clear that prospective owner Anton Zingarevich will not go wild as the Berkshire outfit looks to maintain a modest outlook.

"I have put a lot of money into this football club, which I'm quite happy about," Madejski said.

"And I hope the Zingarevich family will take Reading on to a different level and into Europe and beyond.

"It's all well getting to the Premier League, but you need deep investment to stay there. We have found very pleasant people in the Zingarevichs, who will continue to do things the Reading way.

"It bodes well for Reading and I hope they will take the club much further.

"I'll be staying on as chairman. If anything, it [the takeover] is a fantastic insurance policy.

"We will strengthen as we see fit. We have already strengthened and that will carry on.

"What I don't want is people thinking Reading are an open cheque book. We will be as careful as we have been in the past."

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Andrew Slevison
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Andrew Slevison

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