clock menu more-arrow no yes mobile

Filed under:

Royals Fined By Football League

Following a breach of the rules surrounding a loan, Reading have been ordered to pay a £30,000 fine.

Ian Walton/Getty Images

The financial goings-on of the last couple of seasons have come back to bite Reading, with the Football League handing the Berkshire club a £30,000 fine for misconduct. The source of the problem is a loan that Reading took from Vibrac, a company whose involvement with the Royals was reportedly the subject of some scrutiny last June. That loan totalled roughly £10m, but counts as a breach of the rules as Vibrac are involved financially with three other teams.

That said, it's not all bad news - our new Thai owners repaid the entirety of that loan from Vibrac when they arrived last year. Plus, due to Reading's cooperation with the Football League, payment for the fine has been delayed until May 2016. However, that does not apply to legal fees. You can read the full official statement from the Football League here.

All in all, this news is a double-edged sword. On the one hand, it's very clear just how deep the ramifications of the previous ownership are. On the other, the club does seem to be dealing with problems such as these pretty effectively: the loan from Vibrac has already been repaid, and it's encouraging that our cooperation with the authorities has been noted.