Reading FC confirm owner wants to sell the club
It comes as another tax bill goes unpaid
Last updated 29th Sep 2023
Reading football club has confirmed for the for the first time that the owner is lloking to SELL the club. Until now he's officially just been looking for investors. The news he wants out will please fans who've been campaigning for him to go.
However another tax bill has gone unpaid and so unless that gets paid the club faces a race against time for the owner to find a potential buyer.
Club Statement in full
"Reading Football Club can confirm that a sum owed to HMRC and due by Friday 22nd September 2023 remains outstanding.
"In exceeding the default period, the club reported this breach and has again been placed under a registration embargo with immediate effect. It will remain in place until the breach has been remedied.
"On behalf of everyone at Reading Football Club, we would like to express our sincere gratitude to our community, our commercial partners, sponsors and suppliers and, most importantly, our fans - for your continued support and patience during this extremely challenging period.
"We also want to place on record the club’s appreciation to its staff who continue to represent the club admirably in increasingly demanding circumstances. We can confirm that the wage bill for September has been satisfied in full and in a timely fashion.
"The club continues to suffer significant cashflow issues and, in striving to establish sources of stable external investment, we can confirm that there has been significant interest from a number of parties seeking involvement in the club.
"Discussions and due diligence processes with a number of these potential investors continue apace. Our owner, Mr Dai, is openly inviting further credible offers of interest and declarations of intent from parties eager to pursue a potential sale of the club."