1 year ago
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Reading person been deducted six points by the English Football League for breaching the presumption of an agreed concern program for a erstwhile nett and sustainability regularisation breach.
It marks the archetypal determination handed down by the autarkic nine fiscal reporting portion (CFRU).
The deduction leaves Reading 20th successful the Championship, with 40 points, 1 supra the relegation zone.
Manager Paul Ince said past week helium thought the punishment was coming.
In addition, Reading person agreed a caller fund with the CFRU, which volition beryllium finalised erstwhile the club's afloat nett and sustainability reappraisal has been completed for the existent season.
The nine accepted it had not "sufficiently satisfied" elements of the planned budget.
"Despite extremist changes implemented astatine archetypal squad level and close crossed the operation of the concern to its precise halfway - and a rigid adherence to a strict league-monitored wage operation and transportation embargo, the nine accepts that it has not sufficiently satisfied definite elements of the planned budget," their connection said.
"As a result, the autarkic nine fiscal reappraisal sheet has been incapable to ratify that the nine has met its forecast for compliance."
The club's transportation embargo, which has been successful spot since the summertime of 2021, volition "effectively end" this summer, they added.
More to follow.
English (US)