Reading will be financially fine after relegation says Zingarevich

Reading owner Anton Zingarevich says the club will be fine despite experiencing relegation to the Championship this season.

The Royals were condemned to the second tier following their 0-0 draw with QPR at the Madejski Stadium on Sunday but Russian chief Zingarevich insists the Berkshire outfit are fiscally sound despite losing out on the new £14million TV deal for Premier League clubs.

"We are in a good place financially," he said. "The club was run in a prudent way before [he took charge] and that is how it will be run in the future.

"Obviously the new TV deal for the Premier League would have helped, but we will come back in 12 months.

"I don't want to think about what would have happened. We are focused on what we want to achieve in the next 12 months.

"We need to give the manager all the tools he needs," he added.

"We will sit down and discuss specifics and understand what his wishes are in terms of the current group.

"For me it's not the amount that needs to be spent but how you spend the money. We need to go out and sign the right players for us. It is like any investment."

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