The Royals are still having problems with Yongge because a takeover party has not yet agreed to exclusive terms.
The players were paid in full to prevent further deductions from points, while Reading FC staff only received a portion of their wages for November.
Concerns regarding the club’s future have been raised by its financial struggles and unpaid taxes.
According to former England international Carlton Palmer, a takeover is required for the team to advance and get out of its financial bind.
Different news that surfaced on Thursday has angered supporters of Reading FC, who were hoping for an update on the takeover after the most recent rumour that Genevra Associates was closing in on an exclusivity agreement.
The hope was that, similar to what happened with October’s wages from Dai Yongge, player and staff wages for November would arrive on the last day of the month.
The Royals’ non-playing staff, however, would only receive a portion of their monthly salary, as was revealed on Thursday. A subsequent email from CEO Dayong Pang to staff stated that the remaining wages would be paid on Tuesday. This confirmed the news that many had been fearing.
While the non-players had to make sacrifices, every member of Ruben Selles’ squad received full and timely payment, as revealed by James Earnshaw of the Reading Chronicle, it was really shocking to learn that Ji-Min Lee of The Telegraph claimed that staff only received 25% of their wages up front.
Reading took this action in order to prevent further penalties from impacting their point total.
The Royals have defeated Wycombe Wanderers and Carlisle United twice in a row, lifting them off the bottom of the League One standings.
The EFL has already deducted four points this season; therefore, even though there wasn’t enough money for the lower-paid backroom staff and casual stadium staff, Selles’ players have received all money owed to them. If Reading players hadn’t been paid in full, the EFL would probably take additional deductions.
Not only are salaries a concern for the club, but HMRC is once again a shadow of the past.
What’s new with FC and HMRC readings?
A winding-up petition was sent to Reading by HMRC after Yongge failed to pay a tax bill on time in the summer. However, the matter was promptly resolved; nevertheless, Yongge has not paid his outstanding taxes each month this season.
In late October, there was another winding-up petition, but Yongge paid the outstanding bill a week later, much to the relief of Reading supporters.
Though it is unclear what will happen next, Reading is already unable to pay a transfer or loan fee until 2025 due to their prior misdemeanours. They resurfaced on the EFL’s embargo reporting service earlier this week after failing to pay their outstanding funds to HMRC once more.
Carlton Palmer discusses the most recent off-field setback for Reading FC.
In light of the most recent developments, former England international midfielder Carlton Palmer has insisted that the club cannot be taken over any sooner by whoever happens to make the best offer.
Speaking to Football League World, Palmer stated, “Reading are back on the EFL embargo list once again after failing to pay recent tax bills owed to HMRC.”
“The EFL has regularly listed the Royals, who are the only team on the list at the moment for disregarding the league’s payment policies.
“They cannot proceed until the current owner, Dai Yongge, passes away because he is unable to pay the taxes and wages.
“The sooner an acquisition or a
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