Reading accounts reveal a loss of £ 21 million in the relegation season of the championship
Reading has lost more than £ 20 million and spent more for wages than they had done in entrances in the season in which they were relegated to the League One, according to the financial accounts presented late of 12 months.
The Royals were a year late in the publication of the accounts for the 2022-23 campaign, in which they were relegated to the championship, and had been placed under the latest news of numerous transfer embargoes from the Football English League in the last six months as punishment.
That ban has been revoked, but it could be restored if Reading He cannot publish their 2023-24 accounts by March 31st.
THE 2022-23 Account, external He showed that the club had undergone gross loss of taxes of £ 21.7 million in the year until June 2023, compared to the 17 million pounds of the previous year despite the increasing revenues.
The late version of Reading’s financial relations comes with the future of the club still in Limbo, after The owner from the Yongge received a deadline of April 4 to sell the royalty having been disqualified pursuant to the test of the owners and the directors of the FL.
The salary costs have slightly decreased but were still £ 24.5 million, exceeding the club’s revenues despite the reading descending in the championship one in that season.
The relegation of the club to the third level of English football was partly to be attracted Six points for violation of the rules of profit and sustainability.
They ended the 17th place in League One last season despite lasting Several other deductions pointsBut they are currently eighth in the division – two points from a play -off – following an unbeaten race of 10 games.
More attempts to acquire fallen By Yongge engaged in a letter of intent to sell the club in March 2024with fans regularly staged Protests of the match of the match.
