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English football club owner is given deadline to sell - or risk being KICKED OUT of the league
It emerged in a court hearing on Friday that the owner had been disqualified under the owners' and directors' test, something which was later confirmed in a statement.
Wayne Bridge's life after John Terry affair scandal: Marrying a Saturdays star, cutting off his football friends and becoming a fan favourite on I'm A Celebrity
Away from the affair scandal that became a hot topic once again following KSI's unexpected outburst, Bridge has led a very different life since hanging up his boots in 2014.
Chelsea vs Morecambe - FA Cup RECAP: Joao Felix gets on the scoresheet for Enzo Maresca's rampant side as they dominate third-round tie
Recap Mail Sport's live blog for the latest live score, team news and updates as Chelsea host League Two side Morecambe at Stamford Bridge in the third round of the FA Cup.
Premier League cult hero lands new manager's job seven months after leaving top-flight role
A Premier League icon has been named as the new Northampton Town manager after being appointed to the role with the club languishing in the League One relegation zone.
Reading owner Dai Yongge is 'being sued for £10.3m by investor who tried to buy the club' - after he 'lent Royals £5m' before the League One club 'cancelled' the deal
Rob Couhig's £25m takeover of the League One side collapsed in September and at the time the club stated that they had paid back all his loans with the accrued interest.
Former Reading owner and player Roger Smee's bid to rescue League One club from brink of crisis REJECTED
Smee, who played for the Royals in the 1960s and was chairman in the 1980s, had put together a local consortium hoping to convince Dai Yongge, the club's current owner, with a 'competitive bid'.
Reading vs Burnley Prediction and Betting Tips | 11th January, 2025
Bolton Wanderers vs Reading Prediction and Betting Tips | April 1, 2024
Arsenal and Real Madrid in race to sign League One star: Reports
BREAKING NEWS
30 MINUTES TO 1 HOUR OLD
1 HOUR TO 2 HOURS OLD
2 HOURS TO 4 HOURS OLD
4 HOURS OLD
English football club owner is given deadline to sell - or risk being KICKED OUT of the league
It emerged in a court hearing on Friday that the owner had been disqualified under the owners' and directors' test, something which was later confirmed in a statement.
Wayne Bridge's life after John Terry affair scandal: Marrying a Saturdays star, cutting off his football friends and becoming a fan favourite on I'm A Celebrity
Away from the affair scandal that became a hot topic once again following KSI's unexpected outburst, Bridge has led a very different life since hanging up his boots in 2014.
Chelsea vs Morecambe - FA Cup RECAP: Joao Felix gets on the scoresheet for Enzo Maresca's rampant side as they dominate third-round tie
Recap Mail Sport's live blog for the latest live score, team news and updates as Chelsea host League Two side Morecambe at Stamford Bridge in the third round of the FA Cup.
Premier League cult hero lands new manager's job seven months after leaving top-flight role
A Premier League icon has been named as the new Northampton Town manager after being appointed to the role with the club languishing in the League One relegation zone.
Reading owner Dai Yongge is 'being sued for £10.3m by investor who tried to buy the club' - after he 'lent Royals £5m' before the League One club 'cancelled' the deal
Rob Couhig's £25m takeover of the League One side collapsed in September and at the time the club stated that they had paid back all his loans with the accrued interest.
Former Reading owner and player Roger Smee's bid to rescue League One club from brink of crisis REJECTED
Smee, who played for the Royals in the 1960s and was chairman in the 1980s, had put together a local consortium hoping to convince Dai Yongge, the club's current owner, with a 'competitive bid'.
Reading vs Burnley Prediction and Betting Tips | 11th January, 2025
Bolton Wanderers vs Reading Prediction and Betting Tips | April 1, 2024
Arsenal and Real Madrid in race to sign League One star: Reports
Reading Latest Football News for the 2021 – 2022 Football Season
- Tue, 25 Mar 2025 19:08:01 +0000: ‘Touch and go’: Reading stuck in brinkmanship battle over sale as deadline looms - Reading | The Guardian
- Robert Platek and Rob Couhig are both potential buyers
- Fears growing that Dai Yongge will not do deal by 5 April
Reading are trapped in a three-way battle of brinkmanship involving the owner, Dai Yongge, and two potential buyers, the American businessmen Robert Platek and Rob Couhig, leaving staff at the club fearing they will be forced into administration next month.
Several sources have told the Guardian that it is “touch and go” whether the League One club have sufficient funds to complete the season, while they also face the threat of suspension from the English Football League if Dai does not sell the club by 5 April.
Continue reading... - Fri, 21 Mar 2025 16:30:01 +0000: Reading could be thrown out of EFL if Dai Yongge misses sale deadline - Reading | The Guardian
- Dai has been disqualified as an owner by the EFL
- League One club faces suspension threat from 5 April
Reading could be thrown out of the English Football League if their owner, Dai Yongge, does not sell the club before 5 April. The Chinese businessman was disqualified as an owner under the league’s owners’ and directors’ test in February, an action made public at commercial court in London on Friday.
During the proceedings, a letter from the EFL was referenced by the lawyer Martin Budworth, who was acting for Dai and Reading, detailing its decision to disqualify Dai. The EFL previously pushed to disqualify Dai after multiple breaches of regulations but was overruled by an independent panel and a financial sanction was imposed.
Continue reading... - Tue, 25 Feb 2025 18:42:19 +0000: Proposed sale of Reading to Robert Platek faces conflict of interest concerns - Reading | The Guardian
- Firm businessman works for has lent money to EFL clubs
- ‘At best it doesn’t look good,’ says one club executive
The Football League faces a dilemma over whether to approve a proposed purchase of Reading by the American businessman Robert Platek amid concerns from other clubs regarding a potential conflict of interest.
The League One club announced on Monday that they had entered a “period of exclusivity with a potential purchaser”, who has been established as Platek, the owner of the Portuguese club Casa Pia. The 60-year-old sold his controlling interest in the Serie B club Spezia this month and previously owned the Danish club Sønderjyske.
Continue reading... - Mon, 24 Feb 2025 21:42:23 +0000: Reading enter period of exclusivity with potential buyer as Dai Yongge eyes sale - Reading | The Guardian
- League One club initially put up for sale in October 2023
- Fans group sets up petition calling for inquiry into club
Reading have entered into a period of exclusivity with a potential buyer for the League One club.
A statement on Monday did not reveal the identity of the potential purchaser, but confirmed the sale would include the shareholding stake of the unpopular owner Dai Yongge along with the club’s stadium and training ground.
Continue reading... - Tue, 11 Feb 2025 08:00:12 +0000: Plight of Reading shows how football fans’ dreams can easily spiral into a death vortex | Jonathan Liew - Reading | The Guardian
The Dai Yongge Show continues: eight seasons and counting at Reading. It is the soap opera no network can seem to cancel
And by our tennis balls shall you know us. And by our clown outfits and face paint shall you know us. And by our carefully worded media releases and painstaking analysis of tribunal documents shall you know us. And by the gigantic billboard we hired outside the train station shall you know us. Anyway, what we’re saying is: you know us. As for the next step … yeah, we’re working on that part.
“Ripped apart while the world watches” reads the aforementioned billboard outside Reading station. But is the world actually watching? Beyond the RG postcodes it was hard to identify too many concentric ripples from the news last week regarding another mysterious takeover bid for the club apparently falling through. It’s hard to drum up much interest in A Thing Not Happening, particularly when the transfer window is closing and the big beasts of the Premier League demand to be talked about at all times.
Continue reading...
The Archive News for Reading FC has been added below:
