The English Football League (EFL) board has sanctioned Reading

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The club were given a six-point deduction penalty to be applied immediately and another six-point deduction penalty suspended until the end of next season.

Reading was found to have suffered losses of almost £ 20million above the EFL threshold allowed in financial records 2017/18 – 2020/21. During a review of the club’s accounts between 2017/18 and 2020/21, the EFL discovered that the club had lost £ 57.8million.

That’s £ 18.8million above the £ 39million allowed threshold for the club. EFL regulations aim to discourage clubs from overspending in the short term and to limit overspending on player salaries.

EFL chief executive Trevor Birch confirmed the sanctions on Wednesday. He explained the rationale for the sanctions while addressing the media.

“The rules of profitability and sustainability of the EFL are in place to discourage overspending in the short term and it is appropriate for the league to take the necessary action on behalf of its members when a transgression occurs,” said Birch. .

“The league is confident that the sanction for the violation, imposed through an agreed decision, is proportionate after taking all relevant factors into account, and will continue to work closely with the club as it seeks to fulfill its obligations in the future. ”

Reading accepted the point deduction and also pledged to follow a business plan after admitting to flouting EFL rules. The Club published a press release on its official website on Wednesday accepting the sanctions.

The statement reads: “The regulatory violation was calculated over a period of four years, two of which were inevitably but significantly affected by the COVID-19 pandemic.

“While there are undoubtedly extenuating and unforeseeable circumstances which contributed to this violation, we accept that this is a just and reasonable sanction and will learn from our recent past which has led to this inference.

“We would like to take this opportunity to thank EFL for its cooperation, professionalism and positive and open dialogue throughout this process.”

The moored points saw Ejaria and Reading drop to 19th in the league standings, just four points above the relegation zone. Derby County was also recently sanctioned, with the Rams punished with a nine-point deduction for breaking the League Council’s profitability and sustainability rules.

Super Eagles prospect Ejaria, 23, has appeared in the league 12 times this season for the club, scoring two goals.

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