A ‘positive’ update on the sale of the football club has been released by the Supporters’ Trust at Reading [STAR].
After a tumultuous seven years in leadership, Chinese businessman Dai Yongge has had the club on the market since the autumn.
The club has given former CEO Nigel Howe the task of selling the team, along with the assets of the SCL Stadium and Bearwood training ground, in response to months of protests by supporters.
The trust has released its most recent notes regarding their ongoing meetings with STAR regarding the sale of the club.
The “sale is moving in the right direction,” per STAR.
The statement continues, saying that the club is “not there yet, but closer to exclusivity, and that Mr. Dai has been presented with all offers and feels good about at least one of them.”
Howe, a seasoned worker who joined the team under Sir John Madejski, served on the EFL Board and held two CEO positions before joining the team.
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