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  3. League One HOME FORM Table at: 19 September 2024.

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    • The Charges
    • Mixed Signals
    • A Systemic Issue?

    Reading was pulled up after a non-payment of PAYE to HMRC. Only a week prior, the Royals were also accused by the EFL of not paying their players’ wages in full and on time over multiple months during the 2022/23 season. Reading’s owner Dai Yongge has also been charged with causing the club to be in breach of the EFL’s financial regulations. This i...

    In light of the recent news, a pressure group named 'Sell before we Dai' is looking to persuade the club's owner to sell up. The groups spokesperson Nick Houlton has argued that “despite his best intentions Mr Dai's stewardship has been an unmitigated disaster”. However, the football club's CEO Dayong Pang told fans in an open letterthat he was "co...

    Sofia Thomas, head of tax at Juno Sports Tax, paints a very different picture to that of Reading’s CEO. She argued that the Royals’ recent financial woes are indicative of a wider systemic issue within league football and the “uncertainty that clubs are faced with each season”. “Of course, best practice is to ringfence funds for tax payments. Howev...

  5. Jul 10, 2023 · League One Reading will appear in court on 9 August over an unpaid tax bill. The club was served a winding-up petition, which is issued when a debt has been ignored for three weeks, by HMRC in...

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  7. Feb 27, 2024 · Reading are set to be hit with a second points deduction of the season for HMRC-related issues, the Reading Chronicle understands.

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