Reading points deduction

[ClaretTony]

Reading recently received a four point penalty with three of those points suspended should they fail to pay the wages on time during this season or should they fail to deposit an amount equating to 125% of the club's monthly wage bill into a designated account by the deadline of Tuesday 12 September 2023.

That deposit wasn't paid and the points deduction has now been increased to four. They were 20h prior to this latest breach, they are now down a further one places, a point ahead of both Fleetwood and Cheltenham and ahead of Burton on goal difference.

[burnmark]

Reading recently received a four point penalty with three of those points suspended should they fail to pay the wages on time during this season or should they fail to deposit an amount equating to 125% of the club's monthly wage bill into a designated account by the deadline of Tuesday 12 September 2023.

That deposit wasn't paid and the points deduction has now been increased to four. They were 20h prior to this latest breach, they are now down a further two places, above just Fleetwood and Cheltenham on goal difference.

They won’t be getting 106 points this season!

[IanMcL]

They won’t be getting 106 points this season!

Deducted maybe.

[IanMcL]

It went from a well run club under Mr Madeski to a an asset stripped shambles, under the first new owners. Never recovered and continue to crash and burn.

[GodIsADeeJay81]

It went from a well run club under Mr Madeski to a an asset stripped shambles, under the first new owners. Never recovered and continue to crash and burn.

They weren’t massively well run by Madjeski, the club was losing money when he sold up
Not Bolton level debts by the way, about £7-10 million in debt at the time

[IanMcL]

That was sustainable though and prem money for a time. He built the stadium etc, moving from Elm Park and the new road! Did well for them before uttering words similar to Mr Garlick, along the lines of "Much bigger investors needed now".

Then it all went wrong.

[Woodleyclaret]

Reading have the best away following in Div 1
Its probably their true support as 8,000 to 10,000 was the average at Elm Park.Madjeski did great by the town building a new football stadium and spending over £30m building a new academy where I worked when we beat them in the playoff semis
Directors are a necessary evil but Reading have a bunch that couldn't run a bus queue; a car crash club indeed

[claretonthecoast1882]

Reading have the best away following in Div 1
Its probably their true support as 8,000 to 10,000 was the average at Elm Park.Madjeski did great by the town building a new football stadium and spending over £30m building a new academy where I worked when we beat them in the playoff semis
Directors are a necessary evil but Reading have a bunch that couldn't run a bus queue; a car crash club indeed

Best away following in League 1 ? They don't even come close to that

They may take 1000 - 1500 to games in their area but have never travelled to the north in any numbers for league games probably ever.

[Quicknick]

Derby definitely, Portsmouth probably and maybe Blackpool and Port Vale all take more away than Reading.

[4midable]

Reading have the best away following in Div 1
Its probably their true support as 8,000 to 10,000 was the average at Elm Park.Madjeski did great by the town building a new football stadium and spending over £30m building a new academy where I worked when we beat them in the playoff semis
Directors are a necessary evil but Reading have a bunch that couldn't run a bus queue; a car crash club indeed

Not sure where you have got your information but this made me laugh

[claretonthecoast1882]

Derby definitely, Portsmouth probably and maybe Blackpool and Port Vale all take more away than Reading.

I would include Barnsley, Bristol Rovers, Wigan and possibly Oxford & Charlton too. So roughly half the division

[Quicknick]

I would include Barnsley, Bristol Rovers, Wigan and possibly Oxford & Charlton too. So roughly half the division

Wigan and Oxford? Charlton, I can imagine. Don't know about Oxford.

[ClaretTony]

It's what can happen when a club gets elevated because of one man's wealth once he's disappeared. They've been a mess of a club for a few years now.

[LS7]

They must be at serious risk of liquidation. Can’t imagine there’s a long queue to put money in.

[GodIsADeeJay81]

https://x.com/efl_comms/status/1704450805447766272?s=46

The EFL aren’t happy with Reading’s owner

[THEWELLERNUT70]

I'd say a lot of their mess was down to the chap Madjeski sold the club to, a Russian billionaire who had no money and subsequently did a disappearing act

[bfcmik]

"EFL charge Reading owner Yongge Dai with misconduct... after Royals were docked three points last week following failure to pay wages on three separate occasions"

From today Mail Online

[TsarBomba]

They must be at serious risk of liquidation. Can’t imagine there’s a long queue to put money in.

Lived in Reading and surrounding areas for many years.

Always felt the club should be far bigger and more successful than it is; the catchment area is huge.

[GodIsADeeJay81]

98964efb-391d-40a4-b849-f444a581ccb5.jpeg (63.32 KiB) Viewed 2406 times

[quoonbeatz]

OG plastic club.

[IanMcL]

OG plastic club.

A club founded in 1871 which spent decades playing at Elm Park, in the old 3rd Division, is hardly plastic.

The ownership and stadium move was very civilised and performed by a local businessman.

It has fallen into a series of disaster owners, however, that does not make them plastic - just very badly managed at owner level.

[dsr]

98964efb-391d-40a4-b849-f444a581ccb5.jpeg

I seem to remember not long ago that Accy Stanley were in the news, because their chairman would buy them a McDonalds after an away game if they won. Presumably if they didn't win, they didn't get fed.

Reading are only a division higher than Stanley were, and I'm sure their players get paid (sometimes!) far more. They can learn to live with it.

[GodIsADeeJay81]

https://x.com/kieranmaguire/status/1719 ... 51479?s=46

Hit with second winding up order of the season

[ksrclaret]

What these owners do to proud football clubs is sickening.

[IanMcL]

They should have their ownership revoked.

[Quickenthetempo]

They still haven't been docked enough points for scuffing the penalty spot up, when Andre Gray missed.

[GodIsADeeJay81]

https://x.com/richenergyceo/status/1719 ... 41811?s=46

A potential buyer has decided to withdraw from the process