Glen Tweneboah was found to have breached Football Association rules by entering into an agreement that would see him eligible for a 10% cut of Olise’s future transfer fee, although no such payment was ever made, The Athletic reported.
Olise graduated from the Royals’ academy and signed his first professional contract in 2019.
The 22-year-old has scored 10 goals for Palace this season and been linked with a move away from Selhurst Park, with the club putting a £60 million price tag on the player.
The Tweneboah ban is effective from October 4, 2024 – meaning he could still negotiate any potential transfer for Olise this summer – and he has been fined £15,000.
Reading’s head of football operations Michael Gilkes and club secretary Sue Hewett were warned over their future conduct for their involvement in the matter.
The Royals issued a statement saying they were “extremely disappointed” by the “excessive” sanctions, which they pointed out related to a “single agent negotiation”.
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