Updates on Mr Dai and former CEO Howe have been revealed in recent times – and we have rounded up some of the latest takeover news on the Royals.
With a 2-0 victory over Charlton Athletic over the weekend, Reading was able to build on their success at Stevenage last week.
They have moved up to 18th place as a result, which is a huge boost for a team that will be fighting to stay in the league. However, if they want to ensure their own survival, they must build on these victories.
Survival may be their best chance to stay afloat as a team, since the Royals are having serious off-field issues related to ownership.
Although it’s obvious that owner Dai Yongge’s tenure at the Select Car Leasing Stadium must expire soon, it doesn’t appear that a sale will happen anytime soon.
However, a takeover is necessary to ensure the team’s long-term survival, as many supporters are concerned about the prospect of administration or liquidation.
Though any prospective investor will have to pass EFL tests to confirm they are able to manage the club responsibly, a speedy sale could avoid this.
We’ve included some of the most recent developments on this ongoing story as the takeover process continues.
Dai Yongge’s valuation of Reading FC
Dai has estimated the Royals’ worth at £30 million, The Athletic reported on Sunday.
The same writer regrettably states that at this time, that does not include the stadium for potential investors; nevertheless, it is unclear how much he is ready to sell the SCL Stadium for.
The owner is particularly eager to add promotion bonuses in this agreement, since Dai’s replacement could have to pay the team even more if they are able to return to the Championship “in the coming seasons.”
Dai Yongge’s shock amid interested parties’ view
The owner is reportedly taken aback by the fact that, as a result of sales made during the January transfer window, investors now see the club at a lesser valuation.
The Royals’ advantage is that they were able to hold onto several key players from their initial squad, such as Sam Smith, Femi Azeez, Lewis Wing, and Harvey Knibbs.
Nonetheless, during the previous window, Nelson Abbey, Tom Holmes, Tom McIntyre, Caylan Vickers, and Taylan Harris all left, meaning that some significant assets were sold.
Young players with exceptional talent, Abbey, Harris, and Vickers, could have all been sold for a great price in the future—as long as they signed new contracts.
Nigel Howe provides Reading FC takeover update
The Supporters’ Trust at Reading (STAR), who have taken on a major role in this transaction, met with Nigel Howe and reported on X that good progress is being made on a sale.
They also disclosed that Dai, upon being presented with the offers, felt favourably about at least one of them.
Howe, meanwhile, is anxious to make sure that the winning bidder can lead the team in the long run, which should enable the team to prevent a recurrence of the events of the previous year or two.
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