- An American businessman would have another shot to conclude an agreement
- However, there are only 11 days left until potentially can be punished
- Listen now: everything is launched! Chris Sutton and Ian Ladyman debate the prices of the manager of the season … who is the best and the worst?
An agreement would have been agreed for the sale of 25 million pounds sterling of reading to save the club of the administration and potential expulsion of the EFL.
Rob Cohig apparently relaunched his offer to the absent owner Dai Yongge after a rival offer from Robert Platek, who had an exclusive agreement, was over.
Yongge has until April 22 to sell the club or the Royals may be suspended at the EFL.
However, this deadline may be extended if the EFL board of directors considers that an agreement is about to be reached. It was originally on April 5 before an extension.
It appeared during an audience in March that Yongge had been disqualified under the test of the owners and administrators of the EFL, which the EFL later confirmed in a press release, due to debts in China.
The Sun reports that Cohig, formerly owner of Wycombe, agreed to pay more than 25 million pounds sterling in advance than last summer to conclude an agreement.
The owner of the reading, Dai Yongge, would have agreed to sell the club to Rob Cohig for 25 million pounds sterling
The former owner of Wycombe, couhig, who continues Yongge during a previous failed attempt to buy the club, try to save the administration club – and a potential suspension of the EFL
Despite their troubles away from the field, reading is sixth in the one and brilliant -fitness
It would also be willing to propose a reasonable diligence more quickly (identifying the risks involved) and having a shorter cooling period than usual.
He feels a step in the right direction to read the FAS, although Yongge had exclusivity agreements with five different buyers in vain – including couhig.
It has been almost 600 days since the club was initially put up for sale.
Cohig has a judicial case in June where he will accuse the club of vioder the rules of exclusivity during negotiations with him, trying to recover 12 million pounds sterling for the “loss of potential profits” of the possession of the club.
He declared the greatest success on radio: “He (Yongge) is now in default of our loan agreements and our financing agreements.
“People contemplate themselves and say,” Well, he has reimbursed the money to you “. It is true, but it was only part, everything was articulated on the sale.
“Most importantly, it was articulated not to violate exclusivity. If these loans are in default, we have physical guard on actions. We become beneficial owners.
Yongge finished his control of reading alongside his sister Dai Xiu in 2017, but the club endured a hot eight years at the helm.
Noel Hunt has a reading hoping that they will be able to obtain an improbable promotion in the championship
The owner Dai Yongge was given until April 22 to sell, where the club could be expelled
They fell into Ligue 1 in the midst of their financial difficulties, leading to several fans demonstrations.
The League 1 match of League 1 with Port Vale was abandoned after only 16 minutes in January 2024 following a mass pitch invasion by angry supporters.
Fans refused to leave the field despite the club’s pleas, which led the match to cancel.
Despite the turmoil, including the regular manifestations of fans against Yongge, reading is in great shape and is sixth in League one.
