Royals are refusing to confirm or deny the rumour after stories appeared in the national media suggesting the deal has been rubber-stamped.

The Thai billionaire is buying 90% of the club for £26 million from Royals chairman Sir John Madejski, who will stay on as president.

That is £1 million more than was originally agreed as it is thought to cover Vibrac’s legal fees for brokering the deal.

Lending company Vibrac has been handling Reading’s affairs and looking for a new investor following the botched takeover by Russian Anton Zingarevich a few months ago.

Bunditkitsada, who also owns Police United FC in his homeland, agreed in principle to step in with a £25 million offer for 90% of the club which includes the Madejski Stadium and hotel plus the training ground at Hogwood Park.

At the time, Reading were £21 million in the red, but that debt will now be wiped out by Bunditkitsada, who has also pledged to back boss Nigel Adkins with a £5-8 million transfer kitty in the coming weeks.

The 39-year-old’s takeover was going smoothly and he passed the Football’s League’s Owners and Directors’ Test.

But sources say he was angered with Vibrac’s demands that he also pay their £500,000 legal bill.

Some reports suggested Bunditkitsada was ready to step away from the deal, but those now appear unfounded.

The Thai’s consortium held further talks with Vibrac and Madejski this week and it is understood a deal has now been completed.

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