Reading could be set for another six points deduction with the Football League again reviewing Reading FC's finances for this season. It's tough to understand with Reading sticking to an incoming transfer ban enforced by the League while also being seemingly transparent with their finances. The impression is that the club have been working with the League to ensure they operate within the guidelines the League set, so it is confusing that the League are now suggesting they have failed to meet certain targets.
The League issued a short statement yesterday following wide reports of a possible points deduction being issued: "In November 2021, the EFL and Reading Football Club reached an Agreed Decision in respect of the Club's failure to comply with the League's Profit and Sustainability (P&S) Rules. As part of the decision, the Club is required to comply with the terms of a Business Plan up until the end of season 2022/23. The plan focuses on a number of financial targets with the objective of improving the Club’s financial performance. The League is currently reviewing submissions from Reading to determine whether compliance has been achieved. There will be no further comment on the matter at this time."
The Royals were given a six points deduction in November 2021 after breaking financial rules, with further points deductions said to be suspended if Reading could keep to agreed expenditure. It is now being suggested that Reading have overspent again after continually posting financial losses.
Should Reading see six points removed this season it would see us drop to just six points and three places outside of the relegation zone, after Reading looked to be heading towards safety this season. Reading fans were all set for a season of mid-table nothingness but that could all change depending on the League's review.
Possible Points Deduction - EFL Reviewing Finances
From the Discussion
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RG RG30 1 Mar 2023 · 12:23pm
Reading are facing the threat of a second points deduction in 18 months by the Football League. The Championship club could be punished with sanctions after allegedly breaching the EFL’s business plan, following their six-point deduction in Nov 2021. Reading were punished for breaching financial rules and agreed to a business plan related to player-related expenditure which the club would have to adhere to. However, it is understood Reading have broken certain regulations in the plan and are in talks over an agreed punishment with the EFL. Reading are under threat of being deducted another six points if they are found guilty by an…
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MO morganb 1 Mar 2023 · 12:37pm
How could we have been so stupid, though having said that I though all transfers etc. had to be approved by the EFL? Interesting how the article makes it sound like the punishment will be applied this season.
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NA Nameless 1 Mar 2023 · 12:48pm
How could we have been so stupid, though having said that I though all transfers etc. had to be approved by the EFL? Interesting how the article makes it sound like the punishment will be applied this season. The EFL are all over the club, we’ve had to get anything we do approved by them. The joint business plan was agreed between them and us and it’s possible the plan was simply unachieveable but they would carry some of the blame for that. I’m not convinced , it’s obvious POSSIBLE for the suspended points deduction to kick in it’s hard to see how it might happen. It’s also hard to see how anything could be looked at before the…
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HO Hound 1 Mar 2023 · 12:49pm
Err what and how? We’ve scraped together a squad and surely worked with the EFL throughout. I can’t see how we could have been competitive if we’d done less than we have Be very interesting to see details on this
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PT Pepe the Horseman 1 Mar 2023 · 12:50pm
However, it is understood Reading have broken certain regulations in the plan and are in talks over an agreed punishment with the EFL. This is the most worrying part. Absolute clowns.
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CL Coppells Lost Coat 1 Mar 2023 · 12:51pm
If true - which I think atm its all hyperbole - it would prove that the EFL business plan was impossible to follow and its intention was to make sure we fail.
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NA Nameless 1 Mar 2023 · 12:52pm
However, it is understood Reading have broken certain regulations in the plan and are in talks over an agreed punishment with the EFL. This is the most worrying part. Absolute clowns. The Mail and the Telegraph are worse than clowns to be fair….
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KI Kitsondinho 1 Mar 2023 · 12:55pm
If true - which I think atm its all hyperbole - it would prove that the EFL business plan was impossible to follow and its intention was to make sure we fail. Exactly. The EFL isn’t fit for purpose!