READING FC'S debt has risen to £73m after the club reported another year of losses for the 2015/16 season.

The club's financial review submitted to Companies House shows they lost £15m during that period.

As a result the overall debt went up from £67.7m to around £73m.

Reading's Thai owners are currently in the process of selling the majority of their shares to a Chinese consortium led by siblings Dai Yongge and Dai Xiu Li.

But the takeover is yet to be ratified by the Football League and Premier League and has been dragging on for months.

The pair have already failed with one attempt to buy a club, after their £130m bid for Hull City was thrown out by the Premier League last summer.

Only last week Royals boss Jaap Stam spoke of his frustration with the ongoing takeover saga at Madejski Stadium, even hinting his future may lie elsewhere.

The club's annual financial review, which runs up to June 30, 2016, shows Reading forked out close to £1.5m on 'fees for arranging finance' plus more than £1m on loan deals.

Total turnover was also down from £35m to £25.8m which included £14.1m from broadcasting rights and other media revenue streams.

Matchday income brought in £5.2m over the season and Reading received more than £500,000 from London Irish for use of the Madejski Stadium.

Meanwhile, there was an increase in commercial revenues from £4m to £5.7m, while salary costs for the club's 488 employees, including 164 players and coaching staff, were reduced from £33.3m to £30.8m.

Another valuable source of income came from player sales and sell-on clauses, which brought in £7.1m for Shane Long, Michael Hector, Alex McCarthy and Michail Antonio.

The Reading FC directors mentioned in the financial review were Sumrith 'Tiger' Thanakarnjanasuth, Narin Niruttinanon, Theekharoj Piamphongsarn, Khunying Sasima Srivikorn, Taweesuk Srisumrid plus Sir John Madejski and Nigel Howe.