‘Tough times don’t last’:The Royals have been in the midst of a takeover saga for several months as fans and staff have had to endure what has been nightmarish ..

Daniel Loitz, a prospective buyer interested in acquiring Reading Football Club, has publicly criticized the current owner, Dai Yongge, accusing him of mishandling the ongoing takeover process and turning it into a farce. The club has been embroiled in a tumultuous takeover saga for months, characterized by financial troubles and mismanagement under Dai Yongge’s ownership.

Loitz, a German investor, refutes allegations that he failed to provide proof of funds for his bid, asserting that he went through a rigorous verification process with banks and submitted all necessary documentation as early as January. He claims to have ample funds available, supported by bank statements, account information, audit confirmation, and signatures from financial institutions.

As the director of Hokulani Limited, which owns multiple women’s football clubs worldwide, Loitz emphasizes his commitment to investing in football. He criticizes Dai Yongge for prolonging the takeover process, causing distress to fans and tarnishing the reputation of the English Football League (EFL) and potential investors.

Furthermore, reports suggest that Loitz is also in discussions to acquire London Irish Rugby Club, with plans to relocate them to Berkshire. He sees this as an opportunity to enhance community engagement and potentially alleviate financial burdens for Reading FC’s women’s department by leveraging his experience in women’s football.

Loitz’s remarks on social media underscore his intentions to engage with Reading fans and promote community involvement through potential partnerships with other sports clubs, highlighting the mutual benefits such collaborations could bring.