Reading

[Easy 10]

https://www.telegraph.co.uk/footbal...deduction-breaching-efl-finance-rules/Reading are locked in talks with the Football League over a points deduction which is likely to plunge them into a Championship relegation battle.

Negotiations between Reading and the EFL are understood to be at an advanced stage, with an agreed sanction close to being finalised over breaches of financial rules.

It is understood that Reading, currently 14th in the table, are facing a potential deduction of six to nine points, which will drop them into a relegation scrap if, as expected, the punishment is applied later this year.

Like crisis-hit Derby County, Reading are working to the EFL’s regulation 85 in their sanctions, which allows both parties to strike an amicable settlement and avoid going before a disciplinary commission. Reading will also have to agree on a future business plan.

In July it was announced that Reading had broken the EFL's profit and sustainability rules and they were placed under a transfer embargo, which restricted them to signing only free agents and loans during the summer window.

The rules do not allow clubs to exceed losses of £39 million over a three-year assessment period, but it appears Reading’s accounts have breached that amount by some distance.

In the 2018/19 season it was reported that Reading’s wage bill was £40m, working out as 194 per cent of their turnover.

For the following campaign their accounts revealed total accumulated losses of £138m, while their most recent pre-tax loss was £93m over a three-year period.

Relegated from the Premier League in 2013, Reading have operated in the Championship for the past nine seasons.

The club is owned by Dai Yongge, a Chinese businessman and investor who completed his takeover in 2017 and has conducted no media interviews in that time.

Last month Reading issued a statement to reiterate Yongge’s commitment and confirmed they “remain in positive, constructive dialogue” with the EFL.

Managed by Veljko Paunovic, Reading face Middlesbrough at home in the Championship on Saturday.

On Tuesday the EFL declined to comment. Reading were also unavailable for comment.

For a mediocre, non-entity 2nd division club, that is absolutely ASTONISHING mismanagement on a truly grand scale. 194% of turnover going on wages - eyewatering.

 

[Weststander]

For a mediocre, non-entity 2nd division club, that is absolutely ASTONISHING mismanagement on a truly grand scale. 194% of turnover going on wages - eyewatering.

To benchmark that £40m annual payroll cost, ours peaked at £31.3m (excluding promotion bonuses) in 2016/17.

On £29m of income and huge attendances.

 

[Sheebo]

Double post

That’s brilliant - let them get deducted points and another cheating club oh a little price for cheating.

 

[El Presidente]

For a mediocre, non-entity 2nd division club, that is absolutely ASTONISHING mismanagement on a truly grand scale. 194% of turnover going on wages - eyewatering.

Especially as their revenue includes £3m from lending a bang average player to another club owned by the Reading Chinese owners. Strip that out and it becomes 226% of turnover.

 

[banjo]

Signed Andy Carroll on 2 month contract.

 

[GT49er]

Signed Andy Carroll on 2 month contract.

Carroll's incoming, eh? Just in time for Christmas, I suppose ...................

 

[B-right-on]

Signed Andy Carroll on 2 month contract.

Should get in about 45 mins on the pitch then and 1 3/4 months in medical.

 

[Stat Brother]

Should get in about 45 mins on the pitch then and 1 3/4 months in medical.

So you're saying we should have gone for Carroll instead of unWelbeck?

 

[Cowfold Seagull]

Signed Andy Carroll on 2 month contract.

The long ball it is then.

 

[Weststander]

BBC reported that 30 fans tried to get to the manager to attack him at final whistle, beaten back by 60 stewards lying in weight.

I didn’t realise they were so ‘ard.

 

[A1X]

BBC reported that 30 fans tried to get to the manager to attack him at final whistle, beaten back by 60 stewards lying in weight.

I didn’t realise they were so ‘ard.

I feel like doing a Private Eye / Andrew Neil and asking if anyone else has footage of Reading fans encroaching somewhere they had no right to be and having to turn around again.

 

[Mackenzie]

Tinpot.

 

[WhingForPresident]

 

[Weststander]

I feel like doing a Private Eye / Andrew Neil and asking if anyone else has footage of Reading fans encroaching somewhere they had no right to be and having to turn around again.

Football karma.

I remember when they poached Coppell and used our loan of Sidwell as scouting, that their JCL’s were gobshites about us.

Who’s laughing now?

 

[Dick Head]