Genevra Associates’ proposed takeover of Reading is in doubt after owner Dai Yongee made changes at the last minute, FootballLeagueWorld reports. Reading have long been searching for a new owner to stabilise the club who are on course for a second consecutive relegation as a result of their financial mismanagement.
The Royals have been deducted 16 points over the past three seasons – with four of those coming this term – and fans are desperate for change. This was showcased in the club’s FA Cup defeat against Eastleigh as fans threw tennis balls and fake bank notes onto the pitch in the 16th minute of the match.
In recent weeks, the club has avoided a further points deduction by paying players in full for the month of November, but non-playing staff are believed to have only received half of what they were due, according to BBC Sport.
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