Reading co-owner Sasima pleased with Financial Fair Play rules

Sir John Madejski and Khunying Sasima Srivikorn
Sasima (right) leads a four-person Thai consortium which are in partnership with Reading

Reading co-owner Khunying Sasima Srivikorn says that new Financial Fair Play rules are the "most wonderful thing to happen to English football".

Championship clubs must operate with losses of under £3m a season.

But from 2016-17, finances of clubs in the second tier will be monitored over three seasons during which time they may lose up to £15m without having to detail how that loss will be funded.

"Financial Fair Play allows you to invest responsibly," said Sasima, 76.

Existing Championship FFP rules
2014-15: Losses of no more than £3m, up to £6m with owner investment
2015-16: Losses of no more than £2m, up to £13m with owner investment

She told BBC Radio Berkshire: "We are committed to doing that carefully, nicely and together with [manager] Steve Clarke.

"I can understand the fans would want someone to come in with a huge amount of money and spend, spend, spend on players but I don't think that is the wise way to do it.

"The wise thing to do is carefully assess everything, work together with the manager and see when we can come in to help."

In August, Reading announced a "partnership" with a four-person Thai consortium led by Sasima.

The club recently confirmed they had received permission from Wokingham Borough Council for the development of a new training and academy facility at Bearwood Park.

Co-chairman and former owner Sir John Madejski says the development is the "most exciting thing to happen to the club".

New Financial Fair Play rules explained
The new rules allow for a club's losses to go beyond the £15m cap over three seasons but not exceed an aggregate of £39m (averaging £13m a season).Clubs which post losses of between £15m and £39m across three seasons will face additional regulation and other penalties will apply over £39m.

He added: "You have seen an enormous investment in the academy and this is the way football is going.

"We are going to make sure we get this right but it takes time and money and that is what you are seeing at Bearwood. It keeps us in line of EPPP [Elite Player Performance Plan] regulations to be right at the top of the English game, that is a huge commitment.

"The manager is a very wily fox. I would estimate a lot of change in the summer."

Madejski says he has finally found the right people to take the club forward after the "unsavoury" spending under former owner Anton Zingarevich.

Zingarevich bought 51% of Reading in May 2012 but failed to complete the takeover and pulled out of the move in June 2014. It took Reading over a year to find new owners.

"When the Russians were here money did get spent in an unsavoury way and too much money was committed," he added. "We are getting through that now and we are nearly through that and things look much better for the future."

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