“ Good news at last for a struggling EFL club “

Reading FC can confirm Mr Dai has committed to a letter of intent with a potential purchaser of Reading Football Club.

The parties will now enter a period of exclusive negotiation to agree the final terms. The completion is expected to take up to two months, at which time the purchaser will be announced.

The transaction would include the transfer of Mr Dai’s shareholding in The Reading Football Club Limited, as well as the Select Car Leasing Stadium and Bearwood Park training ground.

The club will communicate with further updates when appropriate.

Will be interesting to see how much they paid on the value of the club ...