Kieran Maguire has given his verdict on the prospective new Reading FC owner.
It was reported earlier this week that businessman William Storey agreed terms with the Royals’ owner Dai Yongge to buy the club for £50 million.
Yongge has overseen a chaotic reign in charge of the Berkshire outfit, with the club being hit with multiple points deduction penalties for falling foul of the EFL’s financial rules.
This included a six points deduction last season that ultimately led to the team’s relegation to League One.
This has led to fans protesting his ownership, urging Yongge to sell as soon as possible to help the club regain its financial footing.
What are the issues with William Storey?
However, Maguire is sceptical that Storey will be an improvement for supporters, with a lot of uncertainty surrounding the legitimacy of his finances.
The finance expert has highlighted two key issues with his current bid, having previously failed in attempts to purchase the likes of Sunderland and Coventry City in the past.
“He was linked with a takeover of Sunderland but that fell through, and he was then linked with the takeover of Coventry City but that fell through for unspecified reasons,” said Maguire, via The Reading Chronicle.
