Reading 'close' to Thai takeover

Championship side Reading are reportedly close to being taken over by a Thai investor.

The Royals have been trying to find a new owner since last year, with majority shareholder Anton Zingarevich standing down from the board earlier this month.

According to BBC South Today, a deal with the unknown investor, who would have to pass the Football League's owners and directors' test, could be concluded within seven days.

Reading will play in the Championship for a second straight season in 2014-15 after missing out on the playoffs last term.