EXCLUSIVE: Reading agree SIX point deduction in the Championship with the EFL… and could be hit with a further six points after the Royals breached spending rules
- Reading have been hit with a points deduction having struggled financially
- They have exceeded £39million limit of losses over a three year period
- Royals will take immediate six point hit, dropping them down to 19th in the table
- Championship side also been hit with a suspended six-point deduction
- But additional six points will not be applied pending business plan compliance
Reading have agreed a six-point deduction with the EFL after breaching spending rules, Sportsmail understands.
The Championship side will also see a further six points suspended, and will need to comply with an agreed business plan for the remainder of this season and next to avoid the additional penalty being triggered.
Six points would see the Royals drop from 16th to 19th but would leave them outside the second-tier’s relegation spots.
Reading’s manager Veljko Paunovic has seen his side plunge closer to a relegation fight following a six point deduction agreed by the club with the Football League
Reading could also be hit with another six-point deduction pending compliance to an agreed business plan which will hang over the club from now until the end of next season
Championship clubs are not permitted to make losses of more than £39m over three years but Chinese-owned Reading’s operating losses for that period went beyond that figure.
Negotiations have been described as ‘lengthy but amicable’.
A business plan has been agreed for the rest of this season and next. It will need to be adhered to should the Royals swerve an additional six point penalty. It is thought that high wages will be among a number of financials to be addressed.
The six-point deduction will see Reading drop from 16th in the table down to 19th
The points deduction comes into force after the club went well beyond the £39million figure of financial losses over a three-year period
On Tuesday, it was announced that Derby had been docked a further nine points for financial breaches on top of the 12 they were handed in September for going into administration.
Wayne Rooney’s side sit bottom on minus three points. With six points deducted, Reading would have 16 points. Currently Hull City, with 12 points, occupy the final relegation spot.