Reading FC’s long ongoing takeover saga appears to have hit a new barrier after talks with Rob Couhig have stalled.
Despite a willingness from Couhig’s side to get the deal completed as soon as possible, the deal is yet to be finalised.
The American businessman and his consortium have been helping the club with loans throughout their financial hardships to maintain the day-to-day operations and monthly bills.
Former Reading FC CEO Nigel Howe, who has been tasked by Dai Yongge with overseeing a takeover deal, set a competition target date of ‘mid May’.
Speaking back in March, he also stated: “ It’s quite clear that Mr Dai is committed to selling the club at the earliest opportunity.”
However, nearly a year on since the club was officially put up for sale, the fans and most connected with the club are left frustrated and concerned with no resolution found.
The Athletic has reported that the deal with Couhig have hit a stalling point and is at risk of breaking down, however it did not state that the deal has collapsed.
Protest group Sell Before We Dai has responded to the report and has said that it is preparing for ‘action’.
They said: “Obviously we have seen the report in The Athletic.
“It is significant in that it is the first report that has referred to a breakdown in talks and includes some detail on loan amounts, but there’s also no real “new news” and no comment from Couhig or club.
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“However, we have now started planning for action. The first step of which is to get as clear a picture as possible of what is going on.
“We have reached out to Mr Couhig, the EFL and independent financial experts who can help us fully understand the current agreements in place.
“TL:DR don’t panic, find facts.”
