English Football League (EFL) chairman Rick Parry has confirmed that the league does not have the power to force Dai Yongge to sell Reading FC.
“We share the fans’ concerns,” said Parry.
“Reading has fallen foul of our profit and sustainability rules and suffered punishments
“They came clean and were transparent and acknowledged the problem of throwing too much money. It always fails and results in major problems.”
Parry admitted that the EFL are determined to resolve the issue and find the Royals a new buyer and stated that the league had tried to get him disqualified, but a disciplinary panel instead chose to fine Dai Yongge.
He continued: “Just before Christmas we took action against the owner to try and get him disqualified .The disciplinary panel found that was not warranted.
“Fining him is of no use at all. He will not pay the fines
“We want a new owner, we want a resolution. We do care. We don’t want to be losing cub
“We’re not in a position where he can force him to divest of the club.
“It’s complex. We don’t have the power to force a sale.”
