Reading sale ‘not an easy transaction’ – Howe

Nigel Howe, the previous CEO of Reading, stated that Dai Yongge, the current owner, wants to “bring someone in to take the club

forward.”

Following a breakdown in discussions, it was revealed on Wednesday that Rob Couhig, the former owner of Wycombe Wanderers, had

failed in his effort to acquire Reading.

Howe, who is helping to facilitate a sale of the club, spoke for the first time since the negotiations concluded, and the Royals announced

that “alternative options” would now be pursued.

According to Howe, “Mr. Dai has committed to selling the club and continues to be committed,” BBC Radio Berkshire said.

“He is looking to add someone who will maintain the club’s finest standards. Regardless of what the supporters may believe, his main

motivation is to bring in a player who will advance the team.

“In the meetings I’ve had with him, he has never done anything else but tell me he wants to sell.”

Reading’s statement explained that funds are available to support the club until a deal is finalised.

According to BBC Radio Berkshire, the club’s current financial stability is being maintained by funds obtained via a sell-on provision in

the contract of former player Michael Olise, who joined Bayern Munich in the summer.

“Most people who want to buy the club understand the current financial position the club is in,” Howe explained, adding that any

potential buyer would have to think about contributing money to keep the club stable before an agreement is finalised. “A portion of

buying the club may require some sort of funding going forward until a transaction is complete.” “The Reading deal is complex because

there are a lot of assets, two of which are based in Hong Kong and one in the British Virgin Islands, and the transaction is not simple.”

“The way the assets have been separated is different to how most others have their club, stadium, and training ground together.”