Reading FC is reportedly in the midst of takeover discussions as owner Dai Yongge contemplates four official bids. The club has been officially on sale since October, prompting various individuals and groups to express interest in acquiring it.
The team currently faces challenges, sitting at the bottom of League One, 10 points away from safety. Supporters have been vocal in their dissatisfaction with Yongge, citing issues such as a 16-point deduction, late wages, missed tax payments, and years of transfer embargoes.
National press reports indicate that Yongge has returned to the country to engage in takeover talks, with at least two interested parties. The Reading Chronicle confirms the existence of four official bids that are currently under consideration by Mr. Yongge. There is an intention to offer exclusivity to one of the bidders in the coming days.
Sources within the club, as reported by the Reading Chronicle, express hope for progress by the start of the next week. Among the names linked to the potential takeover is former Newcastle United owner Mike Ashley, whose helicopter was reportedly spotted at the SCL Stadium more than two weeks ago. The outcome of the takeover negotiations will likely have a significant impact on the future direction and stability of Reading FC.
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