Reading FC owner charged with misconduct
The EFL say they have taken the action after repeated failures to fund the club properly
Last updated 20th Sep 2023
The EFL has charged the Reading FC owner Dai Yongge with misconduct after he failed to meet a deadline they set for transferring money to ensure the club's wages were paid.
In a statement the EFL said:
"Reading FC’s owner, Mr Yongge Dai, has been charged with misconduct after failing to comply with the order of an independent Disciplinary Commission which required him to deposit an amount equal to 125% of the Club’s forecast monthly wage bill in a designated account by 12 September.
"The League considers these further proceedings against him personally are necessary given the repeated failings in meeting the Club’s funding requirements which have only a detrimental impact on the Club and its wider stakeholders.
"This matter will now be considered by an independent Disciplinary Commission in accordance with EFL Regulations."
If found guilty it's likely the punishment will be a personal fine rather than a points deduction as the EFL point out the action is being taken against the owner and not the club.