Royals' gamble has cost them so much
The Football League Paper|April 09, 2023
PAUL Ince is justifiably outraged by Reading’s six-point deduction. It had absolutely nothing to do with him.
Royals' gamble has cost them so much

But the club? They are bang to rights. When Reading were docked an initial six-points for breaching profit and sustainability rules in November 2021, they signed up to an EFL business plan designed to slam the brakes on years of reckless overspending.

Failure to comply carried a suspended six-point penalty, and it is this sanction that has now been enforced.

When the news broke on Tuesday, Reading issued a statement that mixed contrite acceptance with thinly-concealed dissent.

“We have worked closely with the EFL and the independent Club Financial Review Unit to achieve the targets set out in the agreed business plan,” it read. “However, the club accepts that it has not sufficiently satisfied certain elements of the planned budget.”

Peppered with phrases like ‘radical changes’, ‘lessons learned’ and ‘rigid adherence’, the inference is that Reading strained every sinew to cut costs and were simply victims of an inflexible system. But the truth is, they gambled and lost. Again.

Reading’s first and most catastrophic throw of the dice came in the summer of 2019. Having lost £51m over the previous two seasons, the Royals required a £13m profit just to meet the EFL’s permitted loss limit of £38m over three seasons.

Bu hikaye The Football League Paper dergisinin April 09, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Football League Paper dergisinin April 09, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE FOOTBALL LEAGUE PAPER DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
END OF CUP ROAD FOR EFL BATTLERS
The Football League Paper

END OF CUP ROAD FOR EFL BATTLERS

EFL interest in this season’s Carabao Cup came to an end in midweek, but it certainly wasn’t for the want of trying.

time-read
1 min  |
November 03, 2024
GOALS GALORE IN THE TROPHY
The Football League Paper

GOALS GALORE IN THE TROPHY

THE goals flew in from all angles as the Bristol Street Motors Trophy revved into action again in midweek.

time-read
2 dak  |
November 03, 2024
KEEPER GAFFE SINKS TOWN
The Football League Paper

KEEPER GAFFE SINKS TOWN

HUDDERSFIELD boss Michael Duff questioned his players’ mentality after goalkeeper Chris Maxwell’s bloomer handed NonLeague Tamworth a shock win.

time-read
2 dak  |
November 03, 2024
ACE SLEW & WILLIAMS SEE OFF REBELS...
The Football League Paper

ACE SLEW & WILLIAMS SEE OFF REBELS...

DECISIVE goals at either end of the game from Jordan Slew and Rhys Williams helped League Two Morecambe avoid a potential banana skin against National League South outfit Worthing.

time-read
2 dak  |
November 03, 2024
MATT'S MEN JUST HAVE ENOUGH GAS
The Football League Paper

MATT'S MEN JUST HAVE ENOUGH GAS

HONEST Bristol Rovers boss Matt Taylor has acknowledged his side were pushed all the way in their tie against Weston-super-Mare.

time-read
2 dak  |
November 03, 2024
'WHITES' ARRAY OF FIREPOWER WILL  GIVE THEM THE EDGE OVER RIVALS'
The Football League Paper

'WHITES' ARRAY OF FIREPOWER WILL GIVE THEM THE EDGE OVER RIVALS'

GARY Rowett says Leeds’ glittering arsenal of attacking stars will bring the Championship title to Elland Road.

time-read
4 dak  |
November 03, 2024
POMPEY'S GAME OF TWO HALVES
The Football League Paper

POMPEY'S GAME OF TWO HALVES

Murphy's in to deny the Tigers

time-read
2 dak  |
November 03, 2024
SET-PLAY PREP PAYING OFF FOR PELACH
The Football League Paper

SET-PLAY PREP PAYING OFF FOR PELACH

NARCIS Pelach admitted Stoke have been working tirelessly on set-pieces since his arrival – and he was pleased the hard work paid dividends with the winner against Derby.

time-read
2 dak  |
November 03, 2024
Robins lays marker to his Sky Blues
The Football League Paper

Robins lays marker to his Sky Blues

MARK Robins has challenged his Coventry City players to go on a Championship charge after the Sky Blues ended their wait for success on their travels with resounding victory against ten-man Boro.

time-read
2 dak  |
November 03, 2024
JUST FAB FOUR BAYO IS UNSTOPPABLE
The Football League Paper

JUST FAB FOUR BAYO IS UNSTOPPABLE

FOUR second-half goals in an incredible display from Vakoun Bayo powered Watford to a resounding victory at Hillsborough.

time-read
2 dak  |
November 03, 2024