Points Deduction AGAIN

[tidus_mi2]

I'm at the point where I really am just sick of this, it's been handled horribly, just confirm the point deduction or that we've met expectations or whatever. This doesn't seem fair to anyone who has some sort of stake in Reading FC.

[tmesis]

It's feeling like if we have to wait much longer for this deduction, we'll have to name it Godot.

[Hound]

Wonder if tomorrow really is a cut off? Really hope it is because it is both very boring but also very impt to our season

[windermereROYAL]

Wonder if tomorrow really is a cut off? Really hope it is because it is both very boring but also very impt to our season

Well you have to wonder 3 weeks after the news broke why nothing has happened yet? surely if it was happening it would have been done by now?
They hammered Wigan within a few weeks, why should we be any different?
I`m leaning towards an independent panel if I`m honest.

[Mid Sussex Royal]

Would the EFL necessarily make another statement if they had no reason to take further action?

They must have already undertaken periodic reviews which we have heard nothing about and they only released a statement because of the Mail article

I'd still expect the club to say something but they aren't usually that quick off the mark...

[Elm Park Kid]

A friend told me that he asked Kieran Maguire about this on twitter and he confirmed that the Thursday deadline applies only to points deductions for administration.

[Millsy]

I suggest Ince tries really hard to get two wins in a row to mitigate a potential 6 point deduction. Simples.

[Chairman Mao]

A friend told me that he asked Kieran Maguire about this on twitter and he confirmed that the Thursday deadline applies only to points deductions for administration.

thats always been the case as far as im aware. the deadline thing is just confusion after people talked about possibility of any clubs declaring insolvency this season.

Investigation can only apply to our recently published accounts for last year or before, they wont know if we did better on the business plan until next year.

they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.

[morganb]

So is there an in-season deadline or could this "will they"/"won't they" saga drag on until 30 June?

(This is the date sprinkled throughout the decision document - https://www.efl.com/contentassets/065e2 ... cation.pdf )

[tmesis]

they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.

It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.

[tidus_mi2]

Feels like the fix for the financial mess that is the Championship is for there to be a big rethink on the distribution of money so the Premier League gets less and the EFL gets more, thus allowing parachute payments to be stopped at the same time.

Ergo it will never happen.

[Snowflake Royal]

they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.

It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.

There's no deciding. It's 6 suspended. They're applied or they're not. Anything else would be managed as a nee offence exactly as Wigan's has been with a further investigation announced that won’t conclude in time for this season in all probability.

There is a structure and procedure to these things, it's not just made up on a whim.

[Hound]

Feels like the fix for the financial mess that is the Championship is for there to be a big rethink on the distribution of money so the Premier League gets less and the EFL gets more, thus allowing parachute payments to be stopped at the same time.

Ergo it will never happen.

They’ve ruined the championship. Prem league is only reasonably interesting as a number of teams have a managed to break through the norm - Brighton, Brentford, Fulham - have all been excellent, and to a lesser extent Arsenal

Honestly think that has as much to do with it as Readings own failings. The league is shit, predictable, doped by parachute payments and full of dodgy owners

[Hound]

Interesting to see Everton just been reported for FFP failings. Wonder how that’ll turn out

[tidus_mi2]

Interesting to see Everton just been reported for FFP failings. Wonder how that’ll turn out

Would be the first Premier League team to officially fail FFP right?

[tidus_mi2]

Also, 5pm been and gone, guess we're waiting until next week

[tmesis]

they do have to get on with it though, the closer to the end of season we get the more massively unfair it is on us to apply points with very little chance of us being able to do anything about it.

It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.

There's no deciding. It's 6 suspended. They're applied or they're not. Anything else would be managed as a nee offence exactly as Wigan's has been with a further investigation announced that won’t conclude in time for this season in all probability.

There is a structure and procedure to these things, it's not just made up on a whim.

You have more faith in the competence of the football league than I do.

[blythspartan]

Sorry, if this has already been covered but is it possible for the EFL to apply the 6 points deduction this season if it relegates us but wait until next season if it doesn’t?

[Snowflake Royal]

It would also put them in the awkward position of having to decide the number of points for a deduction knowing the value that would make it significant.

There's no deciding. It's 6 suspended. They're applied or they're not. Anything else would be managed as a nee offence exactly as Wigan's has been with a further investigation announced that won’t conclude in time for this season in all probability.

There is a structure and procedure to these things, it's not just made up on a whim.

You have more faith in the competence of the football league than I do.

They're not great, but anythiny else is piss easy to tear a hole in. Anf clubs have solicitors

[Clyde1998]

Feels like the fix for the financial mess that is the Championship is for there to be a big rethink on the distribution of money so the Premier League gets less and the EFL gets more, thus allowing parachute payments to be stopped at the same time.

Ergo it will never happen.

They’ve ruined the championship. Prem league is only reasonably interesting as a number of teams have a managed to break through the norm - Brighton, Brentford, Fulham - have all been excellent, and to a lesser extent Arsenal

Honestly think that has as much to do with it as Readings own failings. The league is shit, predictable, doped by parachute payments and full of dodgy owners

Parachute Payments, per se, aren't a bad thing, however the rate is insane due to it being directly linked to Premier League broadcasting revenue.

At present, I believe clubs get 55% of the basic Premier League broadcasting payment (the basic Premier League broadcasting payments relate to the parts of the TV deal which is distributed equally between clubs: half of the domestic TV deal and all of the international TV deal) in the first season, 45% in the second season and 20% in the third season (if the club spent two or more consecutive seasons in the Premier League prior to relegation).

As broadcasting revenue continues to increase, especially the international revenue, the parachute payments have ballooned - especially when the Football League TV deal has mostly stagnated. The Football League TV deal is ~£23.8m per season total (covering all three leagues, play-offs, League Cup and League Trophy).

Especially in an era of FFP (the helpfulness of FFP itself could be debated), clubs cannot compete financially if they don't have these parachute payments without getting sanctioned by the League. I believe the parachute payments to clubs are greater than any current Championship club's 'organic' revenue (non-broadcasting); the parachute payments are ~£45m in the first season. Leeds would've had around ~£48m in 'organic' revenue in their 2019-20 promotion season had Covid not come into play - no other club was within £15m of that.

There are parachute payments between the Football League divisions. You don't hear about them due to them being a more reasonable payment - 11.1% of the basic Championship payment for clubs relegated to League One, 12.6% of the basic League One payment for clubs relegated to League Two and 100% of the basic League Two payment in season one and 50% in season two for clubs relegated to the National League. I believe that equates to around £280,000 for a club relegated from the Championship.

Of course, a much more even distribution from the Premier League to the lower leagues would allow for parachute payments for relegated Premier League clubs to be reduced heavily reduced, or even removed.