Yongge and his sister Dai Xiu Li accomplished their takeover of Studying in Might 2017 shortly earlier than the membership lost the Championship play-off final on penalties to Huddersfield Town.
That proved to be the excessive level of their time in command of the Royals.
A seventh-placed end within the 2020-21 season was Studying’s solely top-half league end underneath Yongge as monetary issues started to chunk.
They have been first deducted six points by the English Soccer League for breaching revenue and sustainability guidelines in November 2021.
A further six-point penalty followed in April 2023 for failing to adjust to the phrases of an agreed marketing strategy for the earlier breach, contributing to their relegation from the Championship on the finish of that season.
The membership have been positioned underneath a collection of switch embargoes, and have been deducted one other six factors final season for a mix of failing to pay wages and a tax bill on time.
In whole, Studying have been deducted 18 factors underneath Yongge’s possession.
Followers carried out a collection of protests final season, together with throwing tennis balls on to the pitch at video games, and their residence sport towards Port Vale in January was deserted after a whole lot of fans invaded the pitch.
The membership’s monetary issues led to Yongge placing the membership up on the market, which additionally impacted the ladies’s aspect, who completed tenth out of 12 groups within the Championship final season.
In saying the ladies’s crew’s withdrawal from the second tier, Studying stated that sustaining the aspect’s standing was “simply not doable with out important proprietor funding”.