Club fall to 19th in Championship, four points above drop zoneEFL says Reading exceeded permitted losses by £18.8mReading have been deducted six points for
BREAKING the English
Football League’s financial regulations. The Championship club agreed the punishment with the EFL after they breached profit and sustainability rules, which permit a maximum loss of £39m across three seasons. They have also accepted a suspended six-point penalty that would be triggered if they fail to comply with a business plan.
Reading’s reported £41m wage bill in 2018-19 equated to 194% of turnover and the EFL said the club exceeded permitted losses by £18.8m. The six-point deduction leaves Reading 19th, four points above the relegation places. As per league regulations, an “agreed decision” ensures an outcome without the need to refer the matter to an independent commission.