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Sir John Madejski ‘optimistic’ that Reading FC takeover will be completed in ‘near future’ – Reading Today Online

Reading FC Sir John Madejski

Former Reading FC chairman Sir John Madejski is ‘optimistic’ that a deal to sell the club will be finalised in the near future.

Speaking on BBC Radio Berkshire, Madejski gave his thoughts after reports emerged that a North American investment group are in advanced negotiations to purchase the club from Dai Yongge.

“I’m always an optimistic person and I think things will ratify in the near future and the club will be sold,” said Madejski.

“If, as I think there are some very wealthy owners lining up, about three of them as I understand it, they’ve got incredibly deep pockets and if they can keep the training ground that would be wonderful because it’s state of the art.

“Yes certainly that’s in the frame (the North American consortium) and I think there are a couple of others.

“If there are any business people out there listening , I think reading could be a tremendous opportunity for somebody out there with deep pockets, I really do.

It is understood that a meeting between Dai Yongge’s representatives and the potential new owners of the club is set to take place today.

Madejski also gave his thoughts on the proposed sale of Bearwood Park to Wycombe Wanderers and believes that a deal is unlikely to be completed.

He continued: “I just still can’t my head around Wycombe, it just does not make sense in any shape or form.

“It’s 20 odd miles away. I just don’t get it. Personally I don’t think that is going to grow legs, I really don’t.

“The club is definitely strapped for money. The facilities at Bearwood are so off the richter scale, it’s a luxury, luxury thing to be able to have in your portfolio.

“A: can we afford it and B: do we really want it? Can’t we train somewhere else?

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