Reading 'edging closer' to Chinese takeover

General view of the Madjeski Stadium ahead of the Sky Bet Championship match between Reading and Leicester City at Madejski Stadium on April 14, 2014
© Getty Images
Reading are thought to be closing in on a takeover by Chinese siblings the Dais.

Championship side Reading are thought to be edging closer to a takeover by Chinese siblings Dai Yongge and Dai Xiu Li.

The Dais, who have a vast property empire in Hong Kong, are now in "advanced talks" to buy the club from its current Thai owners, according to the Reading Post.

Pairoj Piempongsant, the man who brokered the Royals' previous takeover from John Madejski in 2014, was installed as a new director on November 24 and is thought to be a significant figure in arranging the new deal.

Asked about the potential takeover at a press conference this week, Reading manager Jaap Stam said: "To be honest with you I don't how far along it is - or if it is going to go through. I don't know everything about it - but I've heard there might be a possibility that certain things are going to happen.

"So for us, for everybody we just have to wait and see and if it goes through. If it does happen, then it's just about waiting to see what they want to do.

"Maybe they come in and say they want a different manager? You never know what's going to happen. What do they want to do with the technical staff, with the squad that we have, is improving the squad a possibility or not? You never know what new owners coming into a club may want."

Should the deal go through, Reading will become the fourth Championship side this season to gain Chinese ownership, following on from the takeovers of Midlands sides Aston Villa, Wolverhampton Wanderers and Birmingham City.

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1Brighton & Hove AlbionBrighton20126230111942
2Newcastle UnitedNewcastle19131537162140
3Reading1910452524134
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5Birmingham CityBirmingham198742422231
6Sheffield WednesdaySheff Weds199462221131
7Norwich CityNorwich199373430430
8Huddersfield TownHuddersfield199372124-330
9Derby CountyDerby198561713429
10Fulham197753021928
11Bristol City198382622427
12Barnsley197483229325
13Nottingham ForestNott'm Forest197483433125
14Preston North EndPreston197482423125
15Aston Villa1951042120125
16Ipswich TownIpswich196671719-224
17Queens Park RangersQPR196582028-823
18Brentford196492426-222
19Burton Albion195772125-422
20Wolverhampton WanderersWolves195682124-321
21Blackburn RoversBlackburn195592128-720
22Cardiff CityCardiff1954101830-1219
23Wigan AthleticWigan194691621-518
24Rotherham UnitedRotherham1914141945-267
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