Reading FC fans receive positive update regarding takeover’

The Sell Before We Dai movement and protests in general have been ramped up at Reading matches in recent times, with the pitch invasion against Port Vale last month which forced the match to be abandoned gaining national attention.

Frustration had been growing about the lack of movement in regards to a sale, with reports in December suggesting that Yongge upped the price of a takeover deal with Luxembourg-based Genevra Associates at the last minute, which forced its collapse and put the Royals back to square one.

In the latest meeting between the club and STAR (Supporters’ Trust At Reading) though, some seemingly more positive news has been relayed to the fans of the club by former CEO Nigel Howe, who is helping Yongge to try and find the right deal and party to force through a sale.

Howe has told STAR that a deal to transfer Reading FC out of the Chinese businessman’s hands is ‘moving in the right direction’ and that an exclusivity agreement with another party is edging closer, although they are not at the stage of being able to sign off on that just yet

Howe has also revealed that Yongge is feeling good about one of the current offers on the table in particular, which is presumably the one that is closing in on exclusivity rights to thrash out a deal, and that Howe himself is trying to make sure that any buyer will be able to fund the club properly going forward and not just complete a purchase.

Be the first to comment

Leave a Reply

Your email address will not be published.


*