The Royals’ supporters haven’t had many snippets of information about the sale – but a claim from the local media could raise excitement levels.
Reading, a League One club, must complete a takeover deal to ensure their survival and future success.
The Royals’ final day of the 2023/24 season was memorable, with a 3-2 victory over Blackpool and a party in a local pub in the evening.
However, now that the season is over, making a sale must be the top priority.
That will allow the Berkshire club to retain players while also recruiting new ones, as several signings are required this summer if they are to improve on their finish from last season.
| League One Table (16th-18th) | ||||
|---|---|---|---|---|
| End of 2023/24 season | P | GD | Pts | |
| 16 | Charlton Athletic | 46 | -1 | 53 |
| 17 | Reading | 46 | -2 | 53 |
| 18 | Cambridge United | 46 | -22 | 48 |
Matty Carson, Nesta Guinness-Walker, Clinton Mola, and Sam Hutchinson have all been released, while former loanees Dom Ballard, Tom Holmes, Zane Monlouis, and Paul Mukairu have all returned to their parent clubs, leaving a few gaps in their squad.
They can get started on this if/when a takeover agreement is reached.
Here are the most recent headlines about the club’s takeover situation.
Local media claims on Reading FC takeover
On BBC Radio Berkshire yesterday, presenter Kirsten O’Brien gave fans hope for a quick sale.
She stated, “We’ve discussed Reading’s situation extensively.”
“However, there are rumours that the club will sell later this week.
“That’s what we’re hearing.”
For fans who have been waiting for concrete updates on the club’s sale, this is a potentially exciting development.
However, this is just one snippet of reported information, and no other outlets have reported anything similar at this time.
Even with non-disclosure agreements in place, it is reasonable to expect that more outlets will become aware of this formation as the sale approaches completion.
Ruben Selles makes a Reading FC vow amid takeover uncertainty.
Ruben Selles, a 40-year-old manager, aspires to manage in the top leagues, having previously led Southampton in the Premier League.
For the time being, he wants to continue working at the Select Car Leasing Stadium, despite the fact that a takeover is not guaranteed.
In a piece for Coaches’ Voice, he stated that his long-term goal is to return to the top level and compete with the best teams. Hopefully, one day I’ll be able to complete it with my country’s national team.
“Right now, I have a fantastic group at Reading that I would love to continue working with. However, we must wait and see how the takeover proceeds.
“It can be that the takeover doesn’t happen.
“Nobody from the club deserves to have a season like the last one, with points deductions, uncertainty every payday, not being able to go to hotels the day before the game, waking up one day and seeing that they intend to sell the training ground. That chaos, we cannot have again.
“We need to focus on bringing the love of football to the players, staff and fans. Then I believe we could have a lot of fun.”
His comments shouldn’t alarm fans, with Selles clearly taking a cautious approach, but it just reinforces the fact that a sale isn’t done until it’s done.
Two more Redwood Holdings charges appears
RFC Bearwood Limited, which owns the Royals’ training ground, has been charged with two additional charges, according to Companies House records.
According to documents, Redwood Holdings 1 Ltd has loaned the club at least £2.8 million, a significant sum.
These charges do not necessarily indicate that a takeover is imminent, but the fact that the party is still interested in purchasing the club is a positive sign, provided that they are willing to act responsibly and have enough money to keep the club afloat in the long run.
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