Protest group Sell Before We Dai has responded to reports that Rob Couhig’s proposed takeover at Reading Football Club has collapsed.
It has been in the works for several weeks that the former Wycombe Wanderers chairman was in pole position to buy the club from Dai Yongge with a finalisation of the deal imminent.
However, it now appears that talks have broken down with Dai Yongge and former CEO Nigel Howe, who is in charge of overseeing the deal.
Sell Before We Dai said: “Gutted. We want to thank @RCouhig for his efforts to buy @ReadingFC. We believe he was acting in good faith. We now need to face the possibility that Dai Yongge and Dai Xiu Li are not.
“Put bluntly, something stinks.
“While we now wish he hadn’t got our hopes up like he did, Rob Couhig was clearly convinced the deal was done.
“The EFL had approved the deal and having consulted with an independent M&A expert, all the publicly available information showed the deal was structured in a way that was very favourable to Couhig taking over.
“So what happened? This has to be more than “Dai being tricky”, there must be something more fundamentally wrong with the deal.”
The club has yet to formally comment on the situation.
