EFL Fines Reading FC Owner Dai Yongge £50,000, Urges Adequate Funding or Sale
The club, currently in League One's relegation zone, faces a financial crisis under Yongge's ownership, leading to fan protests and game disruptions.
- Reading FC owner Dai Yongge has been fined £50,000 by the English Football League (EFL) for failing to meet his funding obligations, bringing his total fines to £70,000.
- Reading FC, currently in League One's relegation zone, has been deducted 16 points over the last three seasons due to a series of EFL charges.
- Reading fans staged a pitch invasion during a recent match against Port Vale in protest of Yongge's management, leading to the game's early abandonment.
- The EFL has urged Yongge to either adequately fund the club or sell his majority shareholding to prevent further financial crisis.
- Reading FC is also facing a separate charge for continued non-payment of monies owed to HMRC, due to be heard by a commission at the start of next month.