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.
The club have a further six-point deduction suspended until the end of next season, provided they comply with a business plan.
It sees 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 profit and sustainability rules.
Comments
I spend a lot of time in Reading, not withstanding Pearl River takeaway i've never seen an east Asian person in the city.