Premier League Club has been deducted with 12 points this afternoon After breaching Financial Play Rules and the will be relegated
According to the BBC, the English Football League (EFL) issued an order to Reading Football Club’s owner, Dai Yongge, in August, instructing him to deposit 125% of the club’s pay bill into a specific account by a given time.
Unfortunately, this financial criterion was not reached, resulting in the imposition of a suspended points deduction penalty right away.
Reading has been docked points for the second time this season, adding to the uncertainty of their present campaign.
In August, the club was docked one point for late payroll payments, underscoring the organization’s financial fragility.
The most recent point deduction comes on the heels of a six-point punishment imposed in April for violating profit and sustainability laws.
Reading’s relegation from the Championship to League One was aided by this penalty.
The English Football League has reaffirmed its resolve to penalising Reading for rule violations, while emphasising that Chinese investor Dai Yongge remains committed to the team. Dai is looking for new investors to help the club’s financial stability.
Reading are understandably concerned about the situation, especially given their Premier League prominence only a decade ago.
Additional point deductions could have a significant impact on the club’s performance and goals for the current season.
To ensure Reading’s future competitiveness and success, financial stability and adherence to EFL standards are critical.
