“Be afraid” – Finance expert reacts to Reading FC takeover

The Royals’ problems are well-known since last season’s relegation was partly caused by a points deduction they received. In addition, they have already received a four-point punishment this season, leaving them at the bottom of the table and in danger of being demoted once more.

With Reading having neglected to pay an HMRC tax bill on time, there could be more issues ahead.

Therefore, fans are desperate for a takeover, and they have been protesting regularly for some time as they look to force Dai Yongge out of the club.

Ken Anderson interested in buying Reading

But even if Yongge left the team in disarray, Reading would still need a capable new owner to help the team advance, thus it was worrying that the Telegraph included former Bolton manager Ken Anderson among other parties who were interested in purchasing the team.

“Offers have been made by former Newcastle owner Mike Ashley and the Luxembourg investment group Genevra Associates; there have also been suggestions of interest from American investors and a party associated with the former chairman of Bolton Wanderers, Ken Anderson.”

Who is Ken Anderson?

The 71-year-old has, as previously stated, participated in the game in the past, and it’s safe to say that he doesn’t have the best record because he was present when the Trotters collapsed due to financial mismanagement.

In addition to Bolton’s difficulties, several of Anderson’s other ventures have failed.

Due to this background, financial expert Maguire was prompted to share his opinions on the possibility of Anderson assuming control on social media. He did so by quoting Forest Green owner Dale Vince, who called Anderson “a rogue chairman, a slippery character, and untrustworthy.”

“Reading supporters, if Ken Anderson is active at your club, be afraid, very worried. He had served an eight-year prohibition from serving as a director of a firm.

Clearly, there’s a lot of competition to buy the club, and there’s no guarantee that Anderson will take over, but the prospect of him coming in is one that will worry fans.

What next for Reading?

Reading is in a terrible place both on and off the pitch, so it’s a terrible time to be a supporter.

Ultimately, the goal is to remove Yongge from the club; but, as previously mentioned, this requires finding the proper buyer to enable them to continue in the future.

Thus, the high level of curiosity is encouraging, and they will be hoping for some significant news as soon as possible.

Although the off-field problems are undoubtedly a big distraction, Ruben Selles needs to focus on producing results in the interim with the team he has at his disposal.

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