Reading maintains exclusivity with an undisclosed entity as concerns about takeover persist

The Reading Chronicle knows that Reading has agreed to extend exclusivity with an undisclosed partner.

A two-month exclusivity term struck in March seemed to be a step in the right direction for the drawn-out purchase of Reading Football Club.

All of the invoices for March and April were paid as per this arrangement.

The deal’s feasibility is still in question given that other parties are interested in purchasing the club, particularly since the exclusivity period ended on Tuesday, March 22.

But as far as Reading Chronicle is aware, the unidentified party has approved an extension of exclusivity and paid the club’s HMRC bill for May, just as they did for March and April.

Despite the fact that there hasn’t been much development since March, supporters are nonetheless worried about the progress—or lack thereof.

The original bidder has not yet completed the EFL’s Owners’ and Directors’ Test since it is a consortium and has not decided who the intended and named owner would be, according to a BBC story.

Additionally, it says that Dai Yongge and former CEO Nigel Howe are “insistent events must progress within the next seven days or they will likely look to pursue the sale of the club with another of the interested parties.”

With manager Ruben Selles having already openly acknowledged that he cannot have another season exactly like the last, concerns over the players’ and staff’s futures as well as the preparations for the upcoming campaign persist.

Despite facing winding-up petitions, points deductions, and transfer embargoes, the Royals were nonetheless able to secure their League One membership by nine points.