The Athletic claims that READING owner Dai Yongge has set an asking price of £30 million for the club to be sold.
Since Dai Yongge took over the team in 2017, the Royals have suffered from financial mismanagement, and they are currently for sale.
The Athletic, a football publication, reports that Dai Yongge is requesting £30 million in addition to bonuses in the event that the team gets promoted in upcoming seasons.
The owner is reportedly “surprised” that prospective purchasers think the club is worth less after player sales during the January transfer window, according to their report.
The club has lost 16 points during his tenure, and he has consistently neglected to provide the necessary funding, which has led to frequent staff wage delays.
Nigel Howe, the former CEO of Reading, has been meeting with the Supporters Trust at Reading (STAR) on a regular basis since Yongge assigned him the responsibility of supervising the club’s sale.
According to STAR’s most recent update, the takeover is “moving in the right direction,” but no exclusivity agreement has been signed with any potential buyers.
According to the STAR update, Dai Yongge has been presented with all of the club’s offers, and he “feels positive” about at least one of them.
Additionally, they restated that Howe is “working hard” to make sure that the club can continue to be properly funded by any future buyer.
With back-to-back victories, Ruben Selles’ team has gone on a stellar run of play that has seen them escape the League One relegation zone and currently sit in 18th place.
Tuesday night’s away trip to relegation rivals Fleetwood Town is Reading’s next game.
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