Reading Football Club has released a new statement to update fans on the current sale of the club.
It has been more than a year since current owner Dai Yongge formally put the club up for sale, but as of yet no deal has been agreed.
A statement released by RFC says: “Reading Football Club would like to provide an update following the club’s last formal communication on 7th October 2024.
“In the previous statement it was confirmed negotiations had begun with a party looking to purchase the club, this process remains ongoing.
“The transaction has proved to be a complicated and lengthy process, however despite these obstacles, both the selling and buying parties remain committed to complete at the earliest opportunity.
“While discussions remain ongoing, the day-to-day operations remain in place with the club navigating cashflow challenges to meet its obligations.
“Full focus will remain on operating as prudently as possible until the sale is completed to new investors who can take the club forward.
“The club understands our supporters’ eagerness for a resolution to the ongoing sales process. We are committed to providing updates when substantive information is available, or at least monthly until the sales process is complete.”
