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John Madejski

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Sir
John Madejski
OBE, DL
Born
Robert John Hurst

(1941-04-28) 28 April 1941 (age 83)
Stoke-on-Trent, England
Occupation(s)Company director, football club chairman

Sir John Robert Madejski, OBE, DL (/məˈdeɪski/; born Robert John Hurst; 28 April 1941) is an English businessman, with commercial interests spanning property, broadcast media, hotels, restaurants, publishing and football.

Madejski is the founder of the magazine which became Auto Trader and was chairman of Reading F.C., Chancellor of the University of Reading and a Deputy Lieutenant of Berkshire. He is a benefactor to many institutions, especially in academia, education and the arts.[1] In the Sunday Times Rich List 2009 ranking of the wealthiest people in the UK he was placed 222nd with an estimated fortune of £250 million.[2]

Personal life

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Madejski was born Robert John Hurst on 28 April 1941, in Stoke-on-Trent, as a result of a wartime fling, being initially placed with a foster family. While still a baby, Hurst was moved back to his mother's home town of Reading and placed in a children's home. His mother later married a Second World War airman, Zygmunt Madejski, with Hurst eventually coming to live with them and adopting his stepfather's surname of Madejski. Hurst's biological father had started another family.[3]

Madejski has two daughters, but has never married. He made front-page headlines in UK tabloid newspapers in October 2004 due to his alleged romantic attachment with singer and TV star Cilla Black.[citation needed] The pair became friends due to their mutual affiliation with the Conservative Party.

He owns a large number of luxury cars, including two Rolls-Royces, two Bentleys, four Jaguars, an AC Cobra and two Ferraris, including a red 328 which is kept in a glass case at his home.[citation needed]

Career

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While on holiday in the US in the mid-1970s, Madejski saw a car sales magazine that included pictures of the vehicles on sale. He immediately realised the potential of the idea and with the help of his business partners Paul Gibbons and Peter Taylor founded Thames Valley Trader in 1976. Initially the magazine advertised a range of items, from houses to cars and aircraft, but it soon concentrated on vehicles and was renamed Auto Trader. Madejski partnered with the Guardian Media Group in 1982 to give the title national exposure.

By 1998, 52 titles were being published with a combined circulation of more than 700,000. In 1998, he sold his company Hurst Publishing for £174 million.

Reading F.C.

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Madejski became chairman of the Football League club Reading F.C. in 1990, and has given his name to the club's Madejski Stadium, built in 1998 with £25 million largely contributed by him. He rescued Reading from receivership. He said "When Robert Maxwell was alive I offered him five pounds a share. When he fell off his boat I got them for 10p. Funny old life isn't it?".[4] In 2006, he led the club to the top tier of English football for the first time in its 135-year history and proposed to expand the stadium to 38,000 seats.[5] After Premier League promotion, Madejski said he was ready to sell up:

The brand is getting stronger all the time and if there is a billionaire who wants a nice accessory down the M4 then come and talk to me. Apart from Manchester United, unless you've got a sugar daddy with really deep pockets, you're wasting your time.[6]

The club achieved pre-tax profits of £6.6 million during the tax year ending in June 2007.[7]

On 21 January 2012 it was announced that Madejski planned to relinquish control of the club by selling a 51% stake for £40 million to Thames Sports Investments, a Russian consortium headed by Anton Zingarevich.[8] Madejski announced that as part of the deal he would continue as chairman for at least another two years, followed by becoming honorary life president. Madejski's ownership of the club ended on 29 May 2012 when the takeover deal was completed.[9]

Charitable activities

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In 1990, Madejski donated £500,000 to the trustees of the Falkland Islands Memorial Chapel Trust. The donation was crucial to the fund-raising effort and enabled the trustees to build the War Memorial Chapel, dedicated to the 255 fallen of the Falkland Islands War: it is situated in the grounds of Pangbourne College and was opened by the Queen in 2000.

He is also a benefactor to the Royal Academy of Arts in Piccadilly, London and in 2004 had the John Madejski Fine Rooms at Burlington House named after him in recognition of a contribution of £3 million to the institution. A sculpture by Edgar Degas, La Petite Danseuse de Quatorze Ans, that he purchased at Sotheby's in 2004 was on display in the John Madejski Fine Rooms; it was sold in February 2009 for £13.3 million.[2]

The John Madejski Centre for Reputation at Henley Management College, the new garden at the Victoria and Albert Museum, a lecture theatre at the University of Reading and a gallery at the Museum of Reading also bear his name. The John Madejski Academy (formerly Thamesbridge College) has been found to be "inadequate" twice by the regulator Ofsted, and "requires improvement" three times.[10]

Madejski has said he is not particularly concerned about how this might appear, adding "People can think what they like about me. I don't care. It's never been a popularity contest. I do it all for the community. In my view, you start life with nothing and you end it with nothing. I'd like to enjoy it all before I kick the bucket." His most recent project was a £500m redevelopment of Reading town centre, but this has been halted by the 2007–2008 financial crisis.

Political activities

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In the early 2000s, Madejski was active in politics: he contributed extensively to the Conservative Party.[11][12] Madejski and Dave Whelan called for football clubs to observe a minute's silence to mark the death of Margaret Thatcher.[13]

Honours

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References

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  1. ^ "Reading welcomes its new chancellor". Bulletin. University of Reading. 17 January 2008. pp. 6–7.
  2. ^ a b Sunday Times Rich List 2009 online edition[dead link]
  3. ^ "TV Review: Rich Man, Poor Man, BBC4". thisisstaffordshire.co.uk. 26 August 2009. Retrieved 23 February 2010.
  4. ^ "Profile: John Madejski". director.co.uk. 1 August 2007. Archived from the original on 22 October 2007. Retrieved 16 January 2008.
  5. ^ "Reading stadium vision unveiled". BBC News. 11 October 2006. Retrieved 9 December 2006.
  6. ^ "John Madejski: 'Without deep pockets you are wasting your time'". The Independent. London, UK. 9 December 2006. Archived from the original on 24 December 2007. Retrieved 9 December 2006.
  7. ^ "Royals make a profit". getreading.co.uk. 31 December 2007. Archived from the original on 2 January 2008. Retrieved 31 December 2007.
  8. ^ "Reading set for Thames Sports Investment cash boost". BBC News. 21 January 2012. Retrieved 25 April 2012.
  9. ^ "TSI 51% acquisition now complete". Reading F.C. Archived from the original on 31 May 2012. Retrieved 29 May 2011.
  10. ^ Ofsted Communications Team (13 November 2020). "Find an inspection report and registered childcare". reports.ofsted.gov.uk. Retrieved 12 September 2022.
  11. ^ Hencke, David (8 August 2001). "Super-rich lead party donor table". The Guardian. Archived from the original on 21 June 2021. Retrieved 8 July 2021.
  12. ^ "Top donations to Conservative party". The Guardian. 22 February 2011. Archived from the original on 8 July 2021. Retrieved 8 July 2021.
  13. ^ Gibson, Owen (9 April 2013). "Dave Whelan requests minute's silence in memory of Baroness Thatcher". The Guardian. London. Retrieved 9 April 2013.
  14. ^ United Kingdom: "No. 55879". The London Gazette (1st supplement). 19 June 2000. p. 12.
  15. ^ "University role for football boss". BBC News. 14 December 2007. Retrieved 31 December 2007.
  16. ^ "No. 58929". The London Gazette (Supplement). 31 December 2008. p. 1.
  17. ^ "Hoy knighted in New Year honours". BBC Sport. 31 December 2008. Retrieved 31 December 2008.
  18. ^ "New Year Honours List 2009" (PDF). Cabinet Office. 31 December 2008. p. 2. Archived from the original (PDF) on 6 January 2011. Retrieved 31 December 2008.
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Academic offices
Preceded by Chancellor of the University of Reading
2007–2016 		Succeeded by
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