EFL Statement: Mr Yongge Dai

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% 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.

Thursday, 21 September 2023