The EFL v. Reading Football Club & Mr Yongge Dai
04 Mar 2024
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An independent Disciplinary Commission has determined that Reading Football Club are to be deducted two points from the 2023/24 League One table with a further two points suspended, after the Club made certain late payments to HMRC, contrary to the EFL’s Regulations.
In respect of a separate charge of misconduct, the Commission also decided that the Club’s owner, Mr Yongge Dai, should be fined £100,000 for his failure to deposit an amount equal to 125% of the Club’s forecast monthly wage bill in a designated account. The Commission also imposed (i) a further suspended fine on Mr Dai of £100,000, to be activated if the deposit requirement is not satisfied within 28 days of the Decision; and (ii) an additional suspended fine of £100,000, to be activated if that requirement is not satisfied within 35 days of the Decision.
Robert Weekes KC acted for the EFL. The Decision and statement by the EFL are available here.
