READING FC fans are keeping an open mind over a Chinese takeover following rumours the Premier League could deny the club promotion further down the line.

Royals issued a statement on Sunday night confirming the English Football League has granted 'conditional approval' for a change of ownership at Madejski Stadium.

If the deal goes through the club's current Thai owners would give up 75 per cent of their shares to Chinese siblings and billionaire property developers Dai Yongee and sister Dai Xiu Li.

The siblings already own Beijing Renhe FC in China and have been eager to branch out into England.

However, the Chronicle understands the Premier League still have their suspicions, having blocked their pair's £130m bid to take over Hull City last summer before it reached the owners' and directors' test.

The Premier League has already passed on its reservations to the EFL, but that did not stop them granting 'conditional approval.'

Full approval will only be given when the Chinese investors meet all of the criteria set out by the EFL, who will then try and allay any lingering fears the Premier League may have.

The Supporters' Trust At Reading (STAR) has responded to the EFL's decision to grant conditional approval, saying many questions remain unanswered.

In a press statement, STAR say: “STAR notes with interest the revival in the progress of the Chinese investors’ proposal to take a controlling stake in Reading FC.

“The club statement yesterday alleviates a portion of the uncertainty surrounding the club’s future.

“However it’s clear from the statement that progress has not been straightforward or speedy and we, like all supporters, await further details about the nature of any deal, its conditions and Premier League approval.”

There has been a mixed response from Royals fans on social media since the announcement was made.

Many have praised Lady Sasima Srivikorn for admitting the current Thai owners can no longer afford to bankroll the club.

However, others are sceptical about the intentions of the Chinese investors and are concerned the takeover could wreck the club's chances of going up should the Premier League take a hard line.

Despite Saturday's 7-1 hammering at Norwich City, Reading remain fourth in the Championship table and on course for a place in the play-offs.

Jaap Stam's men hope to bounce back when they go to Aston Villa this Saturday (3pm).