Reading set to face fine as latest set of financial accounts remain unpublished

Reading are set to face a fine for failing to publish their financial figures to Companies House on time.

In yet another disastrous week for the football club following the news that the women's team have been demoted to the fifth tier and the academy closed down, all eyes were on owner Dai Yongge on Sunday as the financial figures were due to drop.

This is already later than most clubs as a loophole was used to push back the publication date- making the Royals now the only club yet to release their figures for 2022/23.

According to football finance expert Kieran Maguire, the club can expect a £150 fine for the late publishing of accounts.

In the past, clubs have received transfer embargoes from the EFL for a breach of this nature, but it would have little impact on Reading as they are already operating under embargo, and have done for over 18 months.

In the last set of accounts available, for the 2021/22 campaign, the club lost £17.3m before tax.

The new accounts yet to be published will be for the season in which the club suffered relegation from the Championship.

Reading Football Club have been asked for comment.