Football finance expert Kieran Maguire has claimed that Reading FC owner Dai Yongge is ‘sticking two fingers up’ to the Royals fanbase.
In the latest twist in Reading FC’s long ongoing takeover saga, holding company Renhe Sports Management was served a winding up petition last week.
Despite that, it is believed that this will have little impact on the club and no current threat of action from the English Football League (EFL).
On the Courts and Tribunals Service, lawyer firm Walker Morris has served a winding up petition to Renhe Sports which relates to fees connected following Rob Couhig’s failed takeover.
Speaking on his podcast ‘The Price of football’, Maguire said: “Renhe Sports Management- exactly the same as Reading- has not published any accounts since 2022.
“It has chosen to contentiously ignore its legal responsibilities in regard to publishing its accounts.
“The noises that one or two people at Reading are trying to put out is that they’re in the middle of a sale and it might cause complications- that is utter hogwash.
“The accounts for the year ending 30 June 2023 have no implications or consequential issues in regard to selling the club in October 2024.
“This is Dai Yongge simply showing two fingers, or one finger, at the Reading fanbase, the EFL and football in general to say, ‘I can do what I want because I’m a billionaire.’
“It looks as if this particular winding-up petition isn’t connected to the non-publication of accounts but from the lawyers who were acting on behalf of Reading in relation to the failed sale of the club to Rob Couhig. It looks like they have not been paid. There are certain people who you shouldn’t piss off in life and one would be your legal advisors.”
