Championship club Reading are in significant trouble due to a financial misstep.

Managed by Paul Ince, the Royals have been given an immediate six-point penalty after breaching the EFL's Profit and Sustainability limits.

The club put out a statement on the matter, which has now put them only ONE point above 22nd-placed Huddersfield in the table.

Their statement read: “Reading Football Club can confirm that we have accepted a second six-point penalty which has been applied following the club's failure to fully satisfy a business plan agreed after a historical breach of the EFL's Profit and Sustainability limits.

“The points deduction will be applied to our total with immediate effect.

“In November 2021, the club were issued with a six-point deduction for a cumulative breach of the regulations - with a further six-point penalty suspended until 2022-23.

“At the time of the original breach, it was agreed with the League this further six-point penalty was due to be applied if the club could not meet the demands of an agreed business plan for 2022-23.

“And, despite radical changes implemented at first team level and right across the structure of the business to its very core - and a rigid adherence to a strict league-monitored wage structure and transfer embargo, the club accepts that it has not sufficiently satisfied certain elements of the planned budget and that, as a result, the independent Club Financial Review Panel has been unable to ratify that the club has met its forecast for compliance."