Reading hit with another transfer embargo and will be deducted even more points if they fail pay pla

Publish date: 2024-06-06

READING have been plunged into further turmoil after being slapped with yet another transfer embargo.

The Royals have been hit with not one but two points deductions in what has been a difficult season on and off the pitch.

And their bid to avoid back-to-back relegations has taken a major hit after having another transfer embargo placed on them.

They've been hit with their second embargo in just over TWO MONTHS for failing to pay HMRC on time.

And they're now facing an unprecedented FOURTH winding up order.

That's according to The Telegraph, who claim the club has been hit with a second set of transfer restrictions after "missing another deadline for the tax bill to be paid".

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Owner Dai Yongge is facing huge pressure from fans to sell the club after racking up a whopping 16 points in deductions for multiple breaches of the EFL's financial rules.

And that pressure will increase on Friday if the club fails to pay its players and staff on time.

Failure to pay wages this week will lead to yet another points deduction - which will no doubt enrage the Madjeski faithful.

Royals fans are set to protest Yongge's turbulent ownership ahead of Saturday's home match against Burton Albion.

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Reading's woes are the direct result of Yongge's troubles funnelling his wealth into the country.

Government restrictions have hindered the Chinese multi-millionaire's ability to move capital into the UK and have resulted in a major cash-flow problem.

The EFL directly charged Yongge earlier this month after he failed to deposit 125 per cent of the club's wage bill into a specially allocated account.

Reading are currently 22nd in the League One table, one solitary point behind 20th-placed Albion.

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