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Reading takeover group denied

Sky Sports understands a British consortium was overlooked in the battle to secure a takeover of Reading.

Last Updated: 25/07/14 at 10:13 Post Comment

Reading: Denied a British consortium looking to takeover the club

Reading: Denied a British consortium looking to takeover the club

The Championship club are on the verge of being taken over by a Thailand consortium, fronted by businessman Samrit Bunditkitsada.

The club had been looking for new investors for several months and held talks with more than one party.

Former majority shareholder Anton Zingarevich bought 51 per cent of the Royals in May 2012 and had been due to complete a full takeover in October last year.

However, the Russian pulled out of the deal and the club have been looking for new investment ever since.

An American consortium were bemused that their offer for Reading was not considered in favour of the reported Thai consortium, who have been struggling to close the deal after Reading accepted their bid over the Americans.

It is also now understood that a British consortium lead by two well-known and experienced British football directors had also shown their ability to fund a well-structured offer for the purchase of the club, but were dismissed by the shareholders in favour of the unknown Thai group wishing to buy Reading.

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G

ood lord that's got me unnecessarily excited. Damn you Storey. Cut to Liverpool being crushed under the wheels of Sparky's Stoke Machine and Firmino brought off the bench to no effect. It's the hope that kills you.

suarez_blind
Roberto Firmino: Steel To Complement The Silk

N

o Schweini? Have to admit that I did a little sex wee when we signed him and I can't wait to see him in action!!!

spence
F365's Top Ten Players We Can't Wait To Watch

I

think he'll do quite well. My only reservation would be Kagawa, who had similar stats to Firmino in the bundesliga before he came, but time will tell.

GVMUFC
Roberto Firmino: Steel To Complement The Silk

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