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Reading fans protesting outside Wycombe’s Adams Park are told of club’s potential takeover

Reading fans protesting outside Wycombe’s Adams Park are told of the club’s potential takeover as news breaks on Friday evening.

Reading Chronicle report that Reading FC are in ‘advanced exclusivity talks’ with prospective North American buyers.

A week of doom and gloom ends on a more positive note, with at least three interested parties engaged in advanced negotiations to acquire the club.

The North American consortium are leading the way with a strong interest in the sports industry.

It is believed that they are in the final stages of discussions and could potentially reach a preliminary agreement within the next week.

This potential deal would encompass both the club itself and the Select Car Leasing Stadium.

Despite the Bearwood sale, ex-CEO Nigel Howe is looking to hold negotiations.

Journalist James Earnshaw wrote at 6:45pm: “I understand Reading Football Club are in advanced talks with a North American group to purchase the football club and Select Car Leasing Stadium. A deal could be agreed, in principle, and exclusivity signed, by early next week. #readingfc

“I had to think long and hard before publishing because the last thing I wanted to do is toy with fans’ emotions. We’ve been here before But we need a bit of positivity on here and I’m told this is the closest we’ve come since we were up for sale. Everything crossed 🤞”

“Now obviously the elephant in the room is Bearwood. Am told this NOT being included was a big draw for some investors, with the expensive running costs putting buyers off. As things stand atm new arrangements for training would be needed.”

The Royals had previously been on the verge of granting exclusivity to the Swiss group Genevra Associates just before Christmas, only for it to come to halt.

Reading fans protesting outside Wycombe’s Adams Park were told of club’s potential takeover, chanting for owner Dai Yongge to get out of their club. This is how they reacted…

SEE MORE: Thousands of fans sign petition with banners displayed at Wycombe and Reading’s training ground

This is what Twitter users had to say on the breaking news…

@Arronflesch: No fricking way???

@dcfcj_: really hope this goes through for you, all the best

@Luke1871_: Oh my god. Okay, not getting ahead of myself but OH MY GOD

@TransfernewsRFC: Hold on to ur hats lady’s and gentleman this could be one hell of a ride ….

@jackbeeton02: Cambridge fan here I hope you guys can get this sorted out 🙌🏻🤞🏻

@brf_1871: Please not another false dawn (x18)…! 🙏🏻

@princessmacd: I’ve got something in my eye 🥹 🤞🤞🤞🙏🙏🙏🙏 #Readingfc

@smudgerfc: 🙏🙏🙏 get down to SCL tomorrow and sing your hearts out for these players and staff ..

@JakeSamuel23: Begging this is true, I’ll wait and see

@dingbiggsmum: Please 🙏🏼 I can’t get my hopes up as the disappointment will be too much! What a week

@James89349764: @YazmineDelarose if this true and works out I am hoping Lewis can help us lead the charge to the championship next season. You have been a massive positive today reading fans appreciate you!

@chrishew08: I dont think ive been on twitter so much ever in my life, refresh, refresh. Refresh and now this.. emotional rollercoaster

@skol_ding: Steady on lads. Nothing’s been confirmed yet. We aren’t anywhere close to our of the woods. By all means back the team tomorrow and be excited at the thought of a takeover, but nothing is certain, especially with all the cunts in charge of the deal(s) #readingfc

@alicratch: Please , let this be true. Save the club, keep the stadium and hopefully keep the amazing players and manager who have shown such passion this season. 💙💙

@James89349764: This is the FIRST bit of good news I have heard about about reading in a long while. Please please let this be true!

@ChrisH1871: Get that training ground in the mix too and I’ll do unspeakable things to people giving me good news!!!!

@fred_partington: Sceptical but hopeful. Can Bearwood sale be stopped? What do investors want from the club? Motive is key

@keeganmark25: 🙏 please please let this be true 😭

@thesimpsonRFC: Please say this is the end game of the Dai Yongge era. Not over till it’s agreeed and the EFL sign it off #readingfc

@iJC106: Currently standing outside Adams Park and this news has broke. Still don’t want to get ahead of myself but this is very interesting… I presume this doesn’t include the training ground as those vultures Wycombe have exclusivity

@Reading106:
Is this in any way a way possible option for f*cking Dai.
– BW has been putting off potnl buyers due to overheads and running costs
– WWFC claim to want BW
– Buyer comes in now BW off the cards
– Club and stadium sold
– WW pull out of BW
– Dai stuck with it
#Readingfc

@ElmParkRoyals: What, and I mean WHAT the hell is going on.

@simply_langers: What if the prospective deal doesn’t include the training ground because Dai wanted more than £22m, but the intention of the prospective North American owners is to buy the training ground anyway for less? Probably far fetched, but you never know…#readingfc

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