Former Crystal Palace owner Simon Jordan believes Reading should be "right royally smacked" if found guilty of breaching terms in the EFL business plan.
News broke last week that the club were set to receive a six-point deduction after failing to adhere to the EFL's business plan.
The club were deducted six points last season after breaching Profit and Sustainability regulations, with another six suspended subject to abiding by an agreed plan.
READ MORE: Reading FC boss braced for six-point deduction 'this week'
Expected to come into force in the coming weeks, it will plunge the Royals into a relegation fight, 21st in the Championship and just six points clear of the bottom three.
"The nature of Reading’s finances makes you wonder what the ownership model is trying to achieve and why it owns the football club- whether it was the Russian owners or the Chinese owners that exist now. Before that, Sir John Madejski and his ownership model was very different and he built the stadium that is there, which is named after him.
"When you’ve got a club that is running its business on the basis of 194 per cent wages against turnover, that’s before he gets into any other costs, you’ve got something amiss there. I’m not suggesting we should look at this sort of money coming in, but I am suggesting that as why would you want to run a football club to that level of loss with very little gain attached to it.
"There’s been very little gain at Reading for some time. This is a continued trend, and there has to be some teeth now in the consequences. There can’t be the idea that ultimately the same offence gets a similar sanction- there has to be far more teeth in the EFL’s playbook.
"If you’ve undertaken a responsibility to fix the problem you in part created, and you still don’t fix it in the second time of offing, then you deserve to be right royally smacked."
Jordan spent a decade at Palace, the club he supports, before administration struck in 2010.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel