Reading 'edging closer' to Chinese takeover

Reading 'edging closer' to Chinese takeover
© 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.

Hull City Assistant Manager Mike Phelan looks on prior to the Barclays Premier League match between Manchester City and Hull City at the Etihad Stadium on February 7, 2015
Read Next:
Mike Phelan, Hull City managerial talks stall
>
You May Like
Recomended from Sports Mole



Premier League
Championship
League One
League Two
National League
Scottish League Cup
Scottish Premiership
Scottish Championship
Scottish League One
Scottish League Two
La Liga
Bundesliga
Serie A
Ligue 1
Premier League 2 - Div 1
Segunda Division
2.Bundesliga
Serie B
Ligue 2
Australian A-League
Belgian Pro League
Greek Superleague
Eredivisie
Primeira Liga
Russian Premier League
Turkish Super Lig
Tables
TeamPWDLFAGDPTS
1Wolverhampton WanderersWolves1392224131129
2Cardiff CityCardiff138321810827
3Sheffield UnitedSheff Utd139041811727
4Leeds UnitedLeeds137242112923
5Aston Villa136431913622
6Bristol City135622014621
7Preston North EndPreston135621711621
8Derby CountyDerby125431713419
9Norwich CityNorwich125431214-219
10Ipswich TownIpswich116052017318
11Fulham134631714318
12Nottingham ForestNott'm Forest136071721-418
13Middlesbrough134541512317
14Hull City134452420416
15Millwall134451514116
16Sheffield WednesdaySheff Weds134451616016
17Queens Park RangersQPR133641617-115
18Brentford132741718-113
19Barnsley123361518-312
20Reading123361114-312
21Birmingham CityBirmingham13328820-1211
22Burton Albion13247625-1910
23Sunderland131661625-99
24Bolton WanderersBolton13139724-176
LIVE SCORES VIDEPRINTER
expand