Reading has agreed on a customer’s conditions for selling the club and the Premier League (EFL) has extended the deadline for a contract to May
This is the second time the EFL has given Royales more to complete a sales because its owner Dae Youngje has been deprived of the EFL owner and managers.
The first extension lasted until April 22, and the club have now been given 13 days to complete a deal.
Reading reopened in early April with a customer who said they were in “progressive dialogue.
The club has now confirmed that “more progress” has been made to sell the club, including the selected car rental stadium and the Dual Park training facility.
The club said in a statement that the terms of the contract are agreed between the current owner of the club, Mr. Dai and the buyer, whose identity must remain a secret at this stage, now both sides are working to complete the necessary steps.
Barcelona midfielder says the purchase aspect supports the club’s immediate financial commitments until the transaction is completed and that the club’s management will not be affected daily.
The EFL has confirmed that the second extension has been given to Youngje to download “in any of its own interests” at the club.
If it fails to do so during the agreement, EFL must give strength to quit reading.
“Before today, the EFL has seen more extensions until Monday, May 5, so that Mr. Dai Youngje will abandon his interests at the Reading FC,” EFL said., external
“In our latest update on April 3, we have made further progress in the proposal to sell the club.
“As a result, the board considered it appropriate to approve the club’s request to allow more time to end the articles according to the EFL rules.
Reading is currently seventh in the first round of points with Liton Orient, who sit in the final place of the status, above them.