‘No agreement in place’ over sale of the club – Reading Today Online

Reading FC

READING FC has released a club statement stating that ‘no agreement’ is in place over the sale of the club.

Reports from The Telegraph had surfaced yesterday suggesting that owner Dai Yongge had agreed terms to sell the club to British businessman William Storey.

The report stated that a deal had been ‘broadly agreed’, which includes the sale of the Select Car Leasing Stadium and Bearwood training ground.

However, the bid would still need to be ratified by the EFL with Storey needing to pass the fit and proper test.

Meanwhile, the club has released a statement to deny that any deal has been agreed.

The statement reads: “Reading Football Club would like to clarify that the process of the sale of the club is ongoing and, contrary to reports, there is currently no agreement in place with any party.

“Several parties have approached the club in recent weeks with declarations of interest in purchasing the club. All approaches are being assessed on their own merits to find the most suitable buyer to ensure a healthy future of the club and, at this stage, no single individual or entity has exclusivity in this process.

“We thank our supporters for their continued support, patience and understanding. As ever we will endeavour to keep our fans as informed as possible, and further updates will be provided as and when it is appropriate to do so.”

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