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Cold In Derby Today

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-9 below freezing.🥶⛄

The EFL has today confirmed that Derby County Football Club has received a nine-point sporting sanction with a further three points suspended after admitting to breaches of the League’s Profitability and Sustainability (P&S) rules.
This matter has been determined under the terms of an ‘Agreed Decision’ reached between the League and the Club and was formally ratified by an Independent Disciplinary Commission Chair as per the requirements of EFL Regulations.
The ‘Agreed Decision’ is available here [https://www.efl.com/-more/governance/judgments-and-decisions/]
The Club, via its Administrators, has also agreed, following last week’s adjournment, to the dismissal of its appeal against the 12-point deduction imposed as a consequence of the Club entering Administration in September 2021, meaning that the sanction continues to apply.
The new nine-point penalty has been applied immediately, resulting in the Club having been deducted a total of 21 points from this season’s 2021/22 Championship table.
The suspended three-point deduction will take effect if the Club does not comply with the terms of the budget as set out in the ‘Agreed Decision’ for the remainder of season 2021/22.
Both decisions are now final and are not subject to any further rights of appeal under EFL Regulations.
Trevor Birch, EFL Chief Executive said:
“The EFL’s objective throughout this ongoing process has been to ensure that the principles of the Regulations were upheld on behalf of all Clubs. In order to assess the sporting sanction that was applicable to apply to these breaches, previous P&S cases have been carefully reviewed and guidance taken from them. The EFL has also considered the P&S sanction guidelines as well as mitigation put forward by the Club.
“Given the complex circumstances of the case and the various outstanding regulatory issues between the EFL and Derby County, the League is satisfied at the agreed outcome and the sensible approach taken by both parties in negotiating this outcome and in respect of the appeal withdrawal. Our focus is to continue to work with the Joint Administrators to assist them in securing a long-term future for the Club.”
Carl Jackson, Quantuma Joint Administrator, said:
“This has been a difficult matter to navigate bearing in mind the various issues concerned. Whilst point deductions are never ideal for any Club, it was critical to the Club’s future that all matters were concluded between the EFL and the Club in relation to historical issues. This conclusion allows us to proceed with our restructuring strategy for the Club with prospective interested parties.”
 
Reading the latest Championship side to lose points.

Reading have been deducted six points by the English Football League for breaching financial rules.
The EFL determined the Royals lost £57.8m between 2017 and 2021 - the EFL's limit for that period is £39m.
A further six-point deduction is suspended until the end of next season, provided they comply with a business plan which includes player spending.
Reading drop from 16th to 19th in the Championship, on 16 points, four clear of the relegation places.
The Berkshire club have been under a transfer embargo since the summer as a result of their breach of profitability and sustainability rules.
Reading are the second Championship side in as many days to have a points deduction imposed on them after Derby were docked a further nine points for breaches of EFL accounting rules, taking their overall deductions this season to 21 points.
"The EFL's profitability and sustainability rules are in place to discourage short-term overspending and it is appropriate that the league takes the necessary action on behalf of its membership when a transgression occurs," said EFL chief executive Trevor Birch.
"The league is satisfied that the sanction for the breach, being imposed by way of an Agreed Decision, is proportionate having considered all the relevant factors and will continue to work closely with the club as it seeks to meet its obligations moving forward."
Owner remains committed
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According to Companies House Reading have issued £82m worth of shares since Dai Yongge took control of the club in May 2017
Chinese brother and sister Dai Yongge and Dai Xiu Li took over the club in May 2017 and have financed the spending.
Reading have spent more than double their income on wages since their ownership began, but finished 20th in their first two seasons before a 14th-placed finish and then seventh last season.
According to figures at Companies House Reading posted losses of £42m in the year to 30 June, 2020, £30.1m in the previous year and £21m in the 12 months to 30 June, 2018 - a total of £93.1m
The EFL has averaged the club's losses for 2019-20 and 2020-21 and allowed for Covid-19 costs to give the lower figure of £57.8m, but that still triggered a sanction.
"While there are undeniably extenuating and unforeseeable circumstances that have contributed to this breach, we accept this to be a fair and reasonable punishment and will learn the lessons from our recent past which have resulted in this deduction," a club statement said.
"Our owner, Mr Dai Yongge, remains wholeheartedly committed to the club.
"His commitment to our club remains unequivocal; having supported the club throughout a period of unprecedented disruption when key revenue streams for all clubs were suddenly severed.
"His investment has been overtly evident to all who visit our new multi-million pound Bearwood Park training complex - an environment tailored to attracting the best players to our club, helping our existing players flourish and ensuring our developing young players can reach their maximum potential."