Updates on Mr Dai and former CEO Howe have been revealed in recent times – and we have rounded up some of the latest takeover news on the Royals.
Reading managed to build on their win at Stevenage last week with a 2-0 victory over Charlton Athletic at the weekend.
This has allowed them to climb into 18th position – a major boost for a club that will be desperate to avoid back-to-back relegations – but they need to build on these wins if they want to guarantee themselves survival.
| League One Table (17th-21st) | ||||
|---|---|---|---|---|
| (As of February 13th) | P | GD | Pts | |
| 17 | Burton Albion | 31 | -13 | 35 |
| 18 | Reading | 31 | -4 | 34 |
| 19 | Shrewsbury Town | 31 | -20 | 34 |
| 20 | Charlton Athletic | 31 | -5 | 31 |
| 21 |
Port Vale | 29 | -15 | 31
|
Survival could help them to remain afloat as a club, with the Royals facing real off-field difficulties with their ownership situation.
It’s clear that owner Dai Yongge’s time at the Select Car Leasing Stadium needs to come to an end fairly swiftly, but it doesn’t look as though a sale is going to materialise imminently.
A takeover is required to guarantee the club’s long-term future though, with plenty of fans worried about the possibility of administration or liquidation.
A quick sale could prevent this though, although any potential investor will need to undergo EFL tests to ensure they are capable of running the club responsibly.
With this takeover process dragging on, we have rounded up some of the latest updates on this saga.
Dai Yongge’s valuation of Reading FC
Dai has valued the Royals at £30m, according to Sunday’s report from The Athletic.
Unfortunately for potential investors, that doesn’t include the stadium at this point according to the same journalist, although it’s unclear how much he is willing to sell the SCL Stadium for.
The owner is also keen to include promotion bonuses in this deal, with Dai’s successor potentially set to fork out even more for the club if they can get themselves back to the Championship “in the coming seasons.”
Dai Yongge’s shock amid interested parties’ view
The owner is believed to be shocked at the fact investors now value the club at a lower price following sales during the January transfer window.
The good thing for the Royals is the fact they managed to hang on to some vital first-teamers, including Lewis Wing, Harvey Knibbs, Femi Azeez and Sam Smith.
However, some valuable assets were sold, with Nelson Abbey, Tom Holmes, Tom McIntyre, Caylan Vickers and Taylan Harris all leaving during the previous window.
Abbey, Harris and Vickers are all very talented youngsters who could have been sold on for a high amount in the future, on the condition that they put pen to paper on new deals.
Nigel Howe provides Reading FC takeover update
After a meeting with Nigel Howe, who has taken on a key role in this sale, the Supporters’ Trust at Reading (STAR) have revealed on X that good progress is being made on a sale.
They also revealed that Dai feels positive about at least one of the offers on the table after being presented with them.
Howe, meanwhile, is keen to ensure that the successful bidder is able to take the club forward in the long term, something that should allow the club to avoid a repeat of what has happened in the past year or two.
