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Reading hit with six-point deduction and left hovering over Championship relegation zone as owner expresses ‘dismay and disappointment’

Reading have been hit with a six-point deduction in the Championship for breaking the EFL’s financial regulations.

The Royals drop from 16th to 19th with immediate effect, leaving the club just four points clear of the relegation zone.

Reading now face a tougher battle to survive the drop this season

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Reading now face a tougher battle to survive the drop this season

After being placed under a transfer embargo in 2018, Reading admitted to breaching the EFL’s Profit and Sustainability rules.

An EFL statement read: “Reading Football Club has been deducted six points from this season’s (2021/22) points tally, with a further six points suspended until the end of the 2022/23 Season, after admitting to breaches of the EFL’s Profitability and Sustainability rules (P&S).

“It follows a review of the financial submission from the club for the four-year period 2017/18 to 2020/21 where it was determined the club had recorded a loss of £57.8million, £18.8m in excess of the £39.0m Upper Loss Threshold.”

Reading must now follow a strict EFL business plan in order to avoid the further six-point penalty between now and the end of next season.

The EFL added: “The club has also agreed to adhere to a Business Plan focused on a number of financial targets, including controlling player-related expenditure, with the objective of moving the Club towards P&S compliance in forthcoming reporting periods.

Reading are the latest club to be punished over financial breaches after Derby were hit with points deductions

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Reading are the latest club to be punished over financial breaches after Derby were hit with points deductions

“The decision is final and not subject to appeal, with the Championship league table being amended with immediate effect.”

Meanwhile, Reading owner Mr Dai Yongge admitted his ‘dismay and disappointment’ at the point deduction, but promised a more responsible future at the club.

He said: “As the owner of your club, I am naturally dismayed and disappointed to accept the punishment issued by the EFL.

“And as a fan, I too am hurt by a deduction of six points this season. However, my determination to succeed has not diminished but has amplified.

“My team and I believe this settlement is just and will still enable us to be competitive as a football club this season and beyond. So, in the short-term, our aim is to fight for every point there is to fight for this season.

“In the long-term, we pledge to fix the issues of the past and together build a club capable of competing with the very best and challenging for honours.”




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