Reading FC in new takeover talks

There's been another twist in the Reading football club takeover saga.

The club say there's now a new bidder and that exclusivity talks with the previous party have ended.

A club statement said:

"Since the last statement dated 27th March, the exclusivity period with the prospective buyer has now expired, and club representatives are now in advanced dialogue with an alternative bidder. Negotiations between the parties are proceeding in a professional and positive manner, with full recognition from all concerned of the need to bring a sale of the club to a conclusion for all stakeholders, including players, staff and supporters.

"Following a request from the club, last week the EFL extended the time allowed for Mr Dai to divest his interests in the club until 22 April. The parties are working to complete negotiations at the earliest opportunity and expect to meet the EFL’s requirements. In the interim, the club has taken steps to ensure that the ongoing financial obligations, including taxes and payroll, will be met in full. As matters progress, the club will issue additional information accordingly."

The news comes a day after we featured an interview with previous prospective purchaser Rob Couhig.

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