The Reading Chronicle broke the news on Monday evening that Reading were close to agreeing to exclusivity with European-based hedge-fund, Genevra Associates.
Causing a little bit of uncertainty among the fanbase, especially with more recognisable names reportedly in the earlier stages of the process, it has not been met with universal support.
Describing themselves as ‘a dynamic investment management company’ that specialises in the world of sport and entertainment, there is very little else that is widely known about them.
With bases in Luxembourg and the USA, their LinkedIn page states that they have between 11 and 50 employees, with three associated members.
They were previously linked with taking a minority stake in Manchester United, working alongside the Glazers. However, British businessman Sir Jim Radcliffe has won the race for the Red Devils.
What are the fan concerns?
The main concern from the supporters comes from the involvement of Talal Al-Hammad.
A General Partner at Genevra Associates, the Bahraini businessman was previously the chairman of Wigan Athletic until the club were sold over the summer.
Not carrying the best reputation from his time in Lancashire, Latics supporters have warned Royals fans of his involvement.
It remains to be seen whether Mr Al-Hammad would have a role at the football club should the takeover be completed.
Supporters are also not keen on the general lack of information on the hedge fund, with very little known to the public.
Not fully signed and sealed yet, there is hope that the deal will be ratified in time for the New Year.
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