EFL side slapped with fresh TRANSFER BAN as years-long nightmare goes from bad to worse

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READING person been plunged into further situation aft being deed with a caller transportation embargo by the EFL.

The Royals are much than familiar with nightmare transportation bans aft being slapped with their THIRD antithetic marketplace regularisation since 2021.

Reading person  been plunged into further turmoil aft  being slapped with yet different  transportation  embargo

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Reading person been plunged into further turmoil aft being slapped with yet different transportation embargoCredit: Getty

Owner Dai Yongge has suffered a tumultuous seven-year financially stricken reign

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Owner Dai Yongge has suffered a tumultuous seven-year financially stricken reignCredit: Rex Features

The latest embargo relates to the precocious filing of accounts to Companies House for the 2022-23 fiscal year.

The stricken nine were deed with a 2nd embargo conscionable past twelvemonth for failing to wage taxes connected time.

That came aft Reading were punished with a two-year transportation prohibition successful the summer of 2021 for an outstanding tax debt.

The League One outfit had lone been capable to motion players from different clubs connected indebtedness oregon if they were escaped agents.

A Reading FC connection read: " The Club tin besides corroborate that – alongside the request to run nether the presumption of its business program – it has contiguous been placed nether a ceremonial registration embargo by the EFL.

“We are moving intimately with our auditing spouse to finalise these accounts astatine the earliest accidental – astatine which constituent the embargo volition beryllium lifted immediately."

Reading person not purchased a subordinate for a transportation interest since signing Ovie Ejaira from Liverpool for astir £3million successful August 2020, but the winger is present a escaped cause aft agreeing to permission successful December.

The situation nine is presently successful the midst of a agelong ongoing takeover saga aft current hated proprietor Dai Yongge enactment it up for merchantability earlier this year.

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American business Couhig were expected to implicit a woody nevertheless talks broke down precocious successful the process and the nine moved on.

Reading were relegated from the Championship successful May 2023 after 10 years successful the 2nd tier. 

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The nine would person escaped relegation if it hadn't been deed with a six constituent deduction for assorted off-field breaches.

The Royal's finished the play connected 50 points, which would person near them 19th and 1 constituent supra the drop.

The club were again docked six points from the League One array past play aft failing to wage a HMRC measure wrong a specified 80-day window.

Yongge has been deed with a full of 18 constituent deductions since his 2017 takeover.

Reading presently beryllium 16th successful League One, with 13 points from 9 games nether manager Ruben Selles.

Reading timeline since Dai Yongge takeover

Here is however events person unfolded nether Dai Yongge:

  • May 2017 - Yongge takes power of 75 per cent of the nine aft they mislaid Championship play-off last connected penalties to Huddersfield
  • 2021 - Reading's accounts amusement pre-tax losses of £146million, with 234 per cent of its gross spent connected subordinate wages
  • 2023 - Reading breach Financial Fair Play rules and amass deductions totalling six points
  • May 2023 - Reading relegated down to the 3rd tier for the archetypal clip successful 31 years
  • August 2023 - Docked 1 constituent and issued a suspended three-point punishment for breaching EFL regulations
  • September 2023 - Suspended three-point deduction triggered
  • February 2024 - Docked 2 much points for yet much breaches
  • March 2024 - Yongge attempts to merchantability grooming crushed to chap League One broadside Wycombe
  • March 2024 - Selling of the grooming crushed enactment connected clasp owed to readying limitations
  • October 2024 - Reading deed with 3rd transportation embargo since 2021

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