Reading FC has six points deducted for breaking financial regulations
EFL confirm punishment and say a further six point deduction has been suspended
Reading Football Club has accepted a penalty of a six point deduction as a result of exceeding the EFL’s Profit and Sustainability limits.
The points deduction will be applied with immediate effect and leaves Reading four points from the relegation zone in 19th position.
A further six point penalty has been suspended until 2022-23. This will be applied if the club cannot fulfil an agreed business plan going forward.
The breach of regulations was calculated across a period of four years, two of which were unavoidably yet significantly impacted by the COVID-19 pandemic.
The club say they accept this 'to be a fair and reasonable punishment and will learn the lessons from our recent past which have resulted in this deduction.'
Owner Mr Dai Yongge 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. But we can only do that with your support, so I would like to personally thank you for your loyalty to your club! It is truly appreciated by all who cheer on the Royals.”
The club thanked the EFL for their co-operation, professionalism and positive, open dialogue throughout the process.