Championship Reading club deducted six points

Championship Reading club deducted six points

Championship Reading club deducted six points

Championship Reading club deducted six points

Championship Reading club deducted six points

Reading have been deducted six points by the English Football League for breaching financial rules.

The EFL determined the Royals lost £57.8m between 2017 and 2021  the EFL’s limit for that period is £39m.

A further six-point deduction is suspended until the end of next season, provided they comply with a business plan
which includes player spending.

Reading drop from 16th to 19th in the Championship, on 16 points, four clear of the relegation places.

The Berkshire club have been under a transfer embargo since the summer as a result of their breach of profitability

and sustainability rules.

Reading are the second Championship side in as many days to have a points deduction imposed on them after Derby

were docked a further nine points for breaches of EFL accounting rules, taking their overall deductions this season to 21 points.

“The EFL’s profitability and sustainability rules are in place to discourage short-term overspending and it is appropriate

that the league takes the necessary action on behalf of its membership when a transgression occurs,”

said EFL chief executive Trevor Birch.

“The league is satisfied that the sanction for the breach, being imposed by way of an Agreed Decision,

is proportionate having considered all the relevant factors and will continue to work closely with the club

as it seeks to meet its obligations moving forward.”

Chinese brother and sister Dai Yongge and Dai Xiu Li took over the club in May 2017 and have financed the spending.

Reading have spent more than double their income on wages since their ownership began,

but finished 20th in their first two seasons before a 14th-placed finish and then seventh last season.

According to Companies House Reading have issued £82m worth of shares since Dai Yongge took control

of the club in May 2017.

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