Reading was once considered a measure of how to run a football club – now they face the existential crisis after 153 years of history. Here is why…
Why could reading be suspended from EFL?
The risk of reading that is suspended by EFL after an unpopular owner Dai yongge He was disqualified in March as a director according to the EFL and directors testing test.
Its disqualification was revealed in court proceedings and then confirmed by EFL. This was allegedly associated with his business interests in China rather than any associated with reading.
When can reading be suspended EFL?
Yongge has to sell a club Saturday 5th April.
Reading said, “After a previous discussion with EFL, the time was allowed to sell to Saturday 5th April.”
What would it mean a suspension?
Reading could not play accessories in League One if the EFL suspends them.
Despite the restlessness outside the field, reading is currently in playoffs and has been undefeated in the last 11 games.
Read Manager Noel Hunt encouraged his young group against all chances
What stop reading in selling?
Yongge seemed to be reluctant to sell and refused the reporting offer of 30 million pounds from the former chairman of Roger Smee reading in December, while other shops failed.
The main complication is currently the legal dispute between the former owner of Wycomb Rob Couhig and Yongge.
Couhig’s Agreement on the purchase of reading collapsed last September after lending £ 5 million and now watching the loss of potential profits of £ 12 million. Couhig says he still wants to buy a club.
At the March court hearing, Yongge tried to get an order against Couhig, which he claimed to block his attempt to sell the club for securities he has on the stadium and training ground. The command has been rejected.
The parties have been told to find a solution through an alternative security or payment in a storage – an account managed by a third party. If it can be solved, then the road is theoretically clear for the sale of the club.
Reading said, “In order to continue the sale, the club is looking forward to working with Mr. Couhig to resolve this element of his claim.”
Who is trying to buy reading?
Businessman Robert Plate It is reportedly that the buyer’s reading has entered exclusivity, but the club was in this scenario several times earlier.
The plate is a co -founder of the global loan for BDT & MSD Partners, an investment vehicle of technology billionaire Michael della and the owner of the Portuguese club Casa Pia.
The plate sold its control interest in Serie B Spezia in February and previously owned the Danish club Sonderjyske.
What happened when reading under Yongge ownership?
Fans of reading throw tennis balls and fake money on the playground to protest against the owner of Dai Yongge
Yongge initially invested in the club and new signatures, but the expenses were too much and violated the rules of the financial fair play EFL, which led to a six -point deduction in November 2021.
The club was deducted a total of 18 points below Yongge for violating financial rules, late payments of wages, inability to deposit funds on the club account according to instructions and late payments HMRC.
The six -point deduction in April 2023 led to the descent of the club from the championship when they completed five security security points.
During the ownership of Yongge there were at least four liquidation petitions and in September 2023 it was announced that reading during this period lost £ 191 million.
The female team is now part -time, which after insufficient financing runs Trust Reading Community Trust and plays fifth.
Reading was the established side of the WSL, in December 2021, Chelsea beat Emma Hayes and when they have ever played the vicarage Willians, Fran Kirby and Mary Earps. Last weekend they were defeated 10-0 at Oxford City.
How to read so well in League One?
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The most important points of the Sky Bet League One match between Reading and Peterborough United
League One is often talking about fairy tales in North Wales, but Berkshire is happening a real fairy tale.
Reading, with the second smallest team in the division, mounted the most likely promotional pressure, although it was interwoven with a transmission embargo.
Last season Reading finished 17th and then lost manager Ruben Selles in December. They were forced to sell their best players such as Femi Azeez and Sam Smith to raise key funds and at the same time operate one-in, one out access to signatures and could not stay overnight for gone matches.
However, Noel Hunt manager, who received promotion to the Premier League with the club as a player in 2012, has managed to separate problems outside the field from the influence of his young people and gives his longer -term supporters something that would be a fearless approach.
Who reads the owners of Dai Yongge?
Yongge is a Chinese entrepreneur who earned his money from the transformation of shelters for air attacks on shopping centers throughout China.
In 2016 he tried to buy Hull with his sister Dai Xiu Li, but the agreement failed after the test and the right test of persons failed.
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Sam Smith discusses the reasons for her January move from reading to Wrexham
When did Yongge become the owner of reading?
Yongge and Xiu Li have completed the purchase of 75 % of the reading share on the eve of their playoffs Final defeat in Huddersfield in May 2017.
Reading has long been considered a measure of how the club should be launched after Sir John Madejski took over in 1990. In 2006 he earned a record 106 points and then ended up eighth in the Premier League.
Madejski sold Russian Anton Zingarevich in 2012 before the Thai consortium took over in 2014.
Who sells before we Dai?
Reading fans hold red cards to protest against Dai Yongge owner
Sell before I Dai is a protest group of readers of reading that was created in June 2023 to push Yongge on the club’s sale.
They were at the forefront of the long -term ownership saga and protested in many matches by throwing tennis balls on the pitch and last season dressed like clowns while wearing yongge faces.
In January 2024, the playground fans attacked during their home match with Port Vale, which caused the match to be abandoned.
Fans of reading attack playgrounds
What is the impact on supporters?
Sue Sims of Sales before we said Sky Sports News“We were from the brink of the Premier League so that we were now on the brink of EFL, but the last two years have been an incredibly heavy process.
“So many fans were really influenced in terms of their mental health. It was such a roller coaster. Sometimes it was painful, the fans were in tears, the fans were raging.
“We were full of emotions and we need to sort it. We want these parties that are involved in this transaction, solve it as soon as possible to get back to being a football club. There is so much that this club is over 150 years old means so much.
“It is part of the EFL structure, it is one of the oldest clubs in the league. We have a rich history and it is in the heart of our reading community, and it is heartbreaking to think about the unthinkable.”
