Reading fans have been left weighing up the impact of falling into administration after rumours circulated last week that it was an increasing possibility in the near future.

Anthony Smith, formerly of the Reading Chronicle, broke news last week that it was looking increasingly likely that the club would fall into administration soon.

This has been disputed by the manager, Ruben Selles, but is a topic that continues to play on the minds of supporters.

The Reading Chronicle called out for fans to get in touch, and they replied in their droves- some for and plenty against the prospect of falling into administration.

Kieran Maguire, football finance expert and award-winning author, believes the best solution for all parties is a structured sale.

"The administration route comes with a points deduction automatically, so that’s a downside," he told the Reading Chronicle exclusively. It does make the club a more attractive proposition from the perspective of the new owner because they would only be buying the asset of Reading Football Club. He would not inherit any of the legacy liabilities, such as the tax bill being run up by Dai Yongge. Your local creditors will take a hit because the EFL says you get a points deduction for going into administration, and unless you pay 25 per cent of what is owed to creditors, you will get a further 15-point deduction coming out of it. All the local suppliers, who have provided goods and services to Reading Football Club in good faith, are either sympathetic towards the club or supporters of the club so they tend to be a bit more generous. That is the downside of administration, which I think is ignored.

"The best solution would be to find someone willing to buy the club, Dai Yongge writes off the debts owed to him and sells to the new owner with tiered payments. Sell it for a pound, because the club are losing £500,000 a week based on the more recent accounts, and if they get promoted back then you get a set payment and if you get promoted to the Premier League you get another set payment. That is how I would be looking to structure it. Whether he can afford to do that, or whether his pride comes before his common sense, is a separate issue."