It was reported by the BBC that the owner of Reading Football Club, Dai Yongge, was given a directive by the English Football League (EFL) in the month of August. The directive instructed him to deposit 125% of the club’s pay bill into a certain account by a particular deadline.
Unfortunately, this financial criterion was not satisfied, which resulted in the instant activation of a penalty that suspended the deduction of points.
The upheaval that Reading is experiencing in their current campaign is further compounded by the fact that this occurrence marks the second time this year that Reading has been stripped of points.
As a result of delayed wage payments, the club was subject to a one-point deduction in the month of August, which further highlighted the presence of financial instability inside the organization.
Following a more severe punishment of six points that was issued in April for violating standards on profit and sustainability, the most recent point deduction was recently implemented.
Reading was demoted from the Championship to League One as a direct result of this punishment, which played a crucial influence in the process.
The English Football League has reaffirmed its determination to punish Reading for rule violations, highlighting the fact that Chinese investor Dai Yongge continues to pledge his allegiance to the team. To ensure the club’s continued financial security, Dai is making a concerted effort to attract new investors.
Reading is experiencing genuine fear as a result of this circumstance, particularly taken into consideration the fact that they were just in the Premier League ten years ago.
The club’s performance and goals for the current season could be significantly impacted by additional point deductions, which could have implications that are far-reaching.
The necessity of maintaining financial stability and adhering to EFL standards is of the utmost importance in order to guarantee Reading’s continued competitiveness and success in the future.