Reading: Championship club deducted six points for breaking EFL financial rules
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Club said they will settle with HMRC by the end of this week0
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Club songs are all a matter of taste. Just listened Readings-a sort Eurovision/Euro-pop song, but bit too well sung and wordy "we are fighting butterflies" and "expectations". I think "Addicks to Victory" stands up well, although heavy metal wouldn't be my favourite. Simple lyrics, earthy singing, and heavy rock guitar riffs. Given a few years on from TS departure I think it will get a better appraisal from the fans.3
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Poor Reading, the pitch is suffering from grey leaf spot too!0
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Doesn't exactly look strong, especially when you factor in one is injured and 2 can't even be registered.cafctom said:Sounds like their squad going into the season is ridiculously small. Few places have them nailed on for relegation.
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Still got more strikers than us1
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I imagine Andy Carroll is on decent wages for a penniless L1 club2
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I wonder if we go back for Smith in January2
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HMRC bill paid and embargo lifted apparently so the new signings can play this weekend.1
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I did say it would be a couple of days ago, but some poo pood it 😁EveshamAddick said:HMRC bill paid and embargo lifted apparently so the new signings can play this weekend.1 -
Soggy Biscuitmen.0
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Reading Football Club has today received a one-point deduction with a further three points suspended after an Independent Disciplinary Commission determined that the Club had breached EFL Regulations.
The breaches related to the Club having failed to pay its players’ wages on time and in full on or around 31 October 2022, 30 November 2022, and 28 April 2023.
Reading’s 2023/24 League One points tally will be adjusted immediately whilst Owner Dai Yongge has also been fined £10,000 and ordered to deposit an amount equal to 125% of the Club’s forecast monthly wage bill in a designated Club account, in an attempt to avoid further breaches.
If the 125% deposit is not paid within 28 days of the Independent Disciplinary Commission’s decision or there is any further failure to pay players’ salaries up until 30 June 2024, then the suspended points sanction will be activated.
The EFL remains extremely frustrated at the consistent failures of the Club’s ownership to meet its ongoing obligations under EFL Regulations, the consequences of which are having a negative impact for all those associated with Reading, particularly its staff members, supporters, and local community.
Whilst we acknowledge the independence of the commission and the sanction imposed, this outcome does fall some way short of the League’s existing sanctioning guidelines. The EFL will now undertake a full review of the decision issued, taking into consideration the recent previous sanctions imposed on the Club and their subsequent impact.
https://www.efl.com/news/2023/august/16/efl-statement--reading-fc/
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One point ffs!1
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very little pointstonemuse said:One point ffs!2 -
Didn’t Wigan get 8 points deduction for the same offence?0
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Even the league saying one point is not enough of a punishment0
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shirty5 said:
Reading Football Club has today received a one-point deduction with a further three points suspended after an Independent Disciplinary Commission determined that the Club had breached EFL Regulations.
The breaches related to the Club having failed to pay its players’ wages on time and in full on or around 31 October 2022, 30 November 2022, and 28 April 2023.
Reading’s 2023/24 League One points tally will be adjusted immediately whilst Owner Dai Yongge has also been fined £10,000 and ordered to deposit an amount equal to 125% of the Club’s forecast monthly wage bill in a designated Club account, in an attempt to avoid further breaches.
If the 125% deposit is not paid within 28 days of the Independent Disciplinary Commission’s decision or there is any further failure to pay players’ salaries up until 30 June 2024, then the suspended points sanction will be activated.
The EFL remains extremely frustrated at the consistent failures of the Club’s ownership to meet its ongoing obligations under EFL Regulations, the consequences of which are having a negative impact for all those associated with Reading, particularly its staff members, supporters, and local community.
Whilst we acknowledge the independence of the commission and the sanction imposed, this outcome does fall some way short of the League’s existing sanctioning guidelines. The EFL will now undertake a full review of the decision issued, taking into consideration the recent previous sanctions imposed on the Club and their subsequent impact.
https://www.efl.com/news/2023/august/16/efl-statement--reading-fc/
So Reading can get to mid April, realise they're not going up or down this season and then not pay wages that month because the only punishment would be three deducted points?
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