There is another and much more positive way to look at this.
Reading is now able to compete for top players much more successfully with Italian, Spanish and German clubs. The Premier League is the richest in the world, so even though Man U will still have more money than us, we will now have more than Torino, Bayern Leverkuesen, Athletico Madrid ...
If Man U, Chelsea, Liverpool and Arsenal tie up 25 players each, there are more than 100 top players in the world, and Reading is far better off now than mid-table Premier League teams have been in the past to compete for world class players.