Reading are reportedly close to being taken over by European-based hedge fund Genevra Associates – a group which includes a very familiar figure for Wigan Athletic fans.
The Reading Chronicle is saying that the agreement is near, and it is understood that Talal Al Hammad, the chairman of the Latics during the ownership by Phoenix 2021 Ltd, is involved in the deal-brokering.
It’s thought that exclusivity will arrive soon, opening the door for the Royals to get a much-needed ownership transition.
Dai Yongge listed the club for sale in October and has since held talks with many prospective buyers.
It’s unclear how involved Al Hammad would be if and perhaps when the deal is concluded
Latics are due to travel to Reading two days before Christmas Day.
Ironically, Latics’ relegation from the Championship was secured at Reading last season, in no small part due to the points deductions and off-field carnage which led to the former owners handing over to Mike Danson over the summer.
Al Hammad has been approached for comment.
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