MX23RW : Wednesday, November 14 16:07:42

Asian consortium finalise Reading takeover

Reading confirm that an Asian consortium has finalised a takeover of the Championship club.

Reading have confirmed that an Asian consortium has completed a takeover of the Championship club.

Chairman Sir John Madejski has revealed that the new partners will take 100% control of the club after the Football League approved the move.

The businessman will continue on as co-chairman alongside co-chairwoman Khunying Sasima Srivikorn, while Nigel Howe and Ian Wood-Smith will keep their roles as chief executive and non-executive director respectively.

In a statement on the club's official website, Madejski said: "After months of tireless hard work and a lot of speculation, I am very pleased to say that Reading Football Club's future has been resolved.

"Over the past year, since the Zingarevich family left, we have engaged with a number of different prospective investors, but we have now succeeded in finding who I believe are the right people to take this club forward.

"I cannot speak highly enough of our new partners from the time we have spent together so far. They have shown great professionalism, perseverance, patience and diligence and, on a personal level, our relationship is excellent and long may that continue. "

Reading are sixth in the Championship table after seven games.


Check out our page for John Madejski

Check out our page for Reading

Share this article now:
Reading board member Anton Zingarevich watches the team on August 3, 2013
Read Next:
Reading's 'full takeover delayed'
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Tables
TeamPWDLFAGDPTS
1Norwich CityNorwich1710342820833
2Middlesbrough178721981131
3Leeds UnitedLeeds1786329171230
4Sheffield UnitedSheff Utd179352719830
5West Bromwich AlbionWest Brom1784537251228
6Derby CountyDerby178452520528
7Nottingham ForestNott'm Forest176922316727
8Swansea CitySwansea177551913626
9Blackburn RoversBlackburn176832021-126
10Queens Park RangersQPR178271822-426
11Aston Villa176652723424
12Birmingham CityBirmingham175932320324
13Bristol City176472019122
14Stoke CityStoke175751920-122
15Brentford175662723421
16Wigan AthleticWigan176291926-720
17Sheffield WednesdaySheff Weds175572130-920
18Preston North EndPreston174672630-418
19Rotherham UnitedRotherham174671423-918
20Reading174492429-516
21Millwall174492229-716
22Hull City174491624-816
23Bolton WanderersBolton174491123-1216
24Ipswich TownIpswich171881428-1411

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account