EFL CLUB IN FINAL STAGES OF BEING SOLD!

EFL CLUB IN FINAL STAGES OF BEING SOLD!

A photo by Reading FC

Yesterday, EFL League One club Reading FC confirmed on their social media platforms that the club is in the final stages of being sold together with the Bearwood Park Training Facility and the Select Car Leasing stadium.

Reading joined the likes of English Premier League outfit Everton FC who were also sold to AS Roma owners a few months ago.

Below is a statement released by Reading on their website yesterday announcing the club's potential sale:

"Reading Football Club can confirm it has committed to a letter of intent with a potential purchaser of the club.

"The parties will now enter a period of exclusivity to complete final due diligence and legally complete the transaction. Whilst timelines cannot be guaranteed, the structure of the deal should allow for a quick completion, which would be for the benefit of all concerned.

"Whilst we understand our supporters' wish to know the purchaser’s identity, at this stage, confidentiality is preferred to complete at the earliest opportunity.

"The club can confirm the agreed sale includes the transfer of Mr Dai’s shareholding in The Reading Football Club Limited, as well as the Select Car Leasing Stadium and Bearwood Park Training Facility.

"Further updates will be communicated once appropriate.