READING owner Yongge Dai has been charged with misconduct by the EFL.
The Royals have been slapped with their fourth points deduction in three seasons.
Reading owner Yongge Dai has been charged by the EFLRex Features
Reading were relegated from the Championship last term following a six-point deduction.
They were docked a further point for the 2023-24 season last month, with a further three suspended.
The Royals were required to deposit a sum worth 125 per cent of their forecast monthly salary into a designated club account by September 12.
Following their failure to do so, they have triggered their further points deduction, meaning they have now been docked a total of four points this season.
An EFL statement read: “Reading FC’s owner, Mr Yongge Dai, has been charged with misconduct after failing to comply with the order of an independent Disciplinary Commission which required him to deposit an amount equal to 125 per cent of the Club’s forecast monthly wage bill in a designated account by 12 September.
“The League considers these further proceedings against him personally are necessary given the repeated failings in meeting the Club’s funding requirements which have only a detrimental impact on the Club and its wider stakeholders.
“This matter will now be considered by an independent Disciplinary Commission in accordance with EFL Regulations.”
THIS IS A DEVELOPING STORY…The Sun is your go to destination for the best football, boxing and MMA news, real-life stories, jaw-dropping pictures and must-see video.Like us on Facebook at https://www.facebook.com/TheSunFootball and follow us from our main Twitter account at @TheSunFootball.