Reading Football Club’s seemingly never ending takeover saga has taken a fresh twist after the club released a new statement this morning.
The Royals had previously been in exclusive talks with American businessman Robert Platek, but the club confirmed this morning that the exclusivity period has now expired.
Meanwhile, they said that they are now in ‘advanced dialogue with an alternative bidder’.
That alternative bidder is believed to be former Wycombe Wanderers chairman Rob Couhig who attempted to purchase the club last year, but talks broke down at the final stages.
The statement from Reading FC reads: “Reading Football Club would like to provide a further update on the ongoing sale process.
Since the last statement dated 27th March, the exclusivity period with the prospective buyer has now expired, and club representatives are now in advanced dialogue with an alternative bidder.
“Negotiations between the parties are proceeding in a professional and positive manner, with full recognition from all concerned of the need to bring a sale of the club to a conclusion for all stakeholders, including players, staff and supporters.
“Following a request from the club, last week the EFL extended the time allowed for Mr Dai to divest his interests in the club until 22 April. The parties are working to complete negotiations at the earliest opportunity and expect to meet the EFL’s requirements. In the interim, the club has taken steps to ensure that the ongoing financial obligations, including taxes and payroll, will be met in full. As matters progress, the club will issue additional information accordingly.”
