The Chinese businessman was required to submit 125 per cent of the forecasted wage bill into an account after failing to pay staff on time on three occasions last season.
Failing to do this, the Football League have charged the owner personally.
A statement says: “The League considers these further proceedings against him personally are necessary given the repeated failings in meeting the Club’s funding requirements which have only a detrimental impact on the Club and its wider stakeholders.
READING FC owner Dai Yongge has been charged by the EFL with misconduct after failing to comply with demands to deposit 125% of the club’s monthly wage bill by September 12.
The Royals have already been deducted four points this season, and 16 in total since Dai Yongge took ownership of the club in 2017.
“A statement released be the EFL reads:”Reading FC’s owner, Mr Yongge Dai, has been charged with misconduct after failing to comply with the order of an independent Disciplinary Commission which required him to deposit an amount equal to 125% of the Club’s forecast monthly wage bill in a designated account by 12 September.
