02 March 2023
By Hob Nob Anyone?
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.
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