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Post by rugbytoffee on Nov 17, 2021 20:24:20 GMT
Reading are the latest club to have been deducted points for breaking the English Football League’s financial regulations.
The Championship club agreed a six-point punishment with the EFL after they breached Profit & Sustainability rules, which permit a maximum loss of £39m across three seasons.
Reading have also accepted a suspended six-point penalty that would be triggered if they fail to comply with a business plan that's been imposed.
Reading’s reported £41m wage bill in 2018-19 equated to 194% of turnover - for context, Blackburn Rovers posted 190% while Preston North End recorded 166% - and the EFL stated that 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.
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