Supporters' Trust at Reading [STAR] have issued a 'positive' update on the sale of the football club.
Chinese businessman Dai Yongge has had the club on the market since the autumn after a turbulent seven years in charge.
Following months of supporter protests, the club have given former CEO Nigel Howe responsibility for selling the club, including the assets of the SCL Stadium and Bearwood training ground.
STAR -Nigel Howe Meeting Update
— Supporters’ Trust At Reading (@STARReading) February 7, 2024
Sale moving in the right direction
Nearer to exclusivity but not there yet.
Mr Dai has been presented with all offers and feels positive about at least one of them.
Nigel working hard to ensure that any successful bidder can not only buy the club
Having regular meetings with STAR on the sale of the club, the trust have released their latest notes.
According to STAR, the 'sale is moving in the right direction.'
It goes on to state that the club are 'nearer to exclusivity but not there yet and that Mr Dai has been presented with all offers and feels positive about at least one of them.'
Howe- a long-term employee who was brought to the club under Sir John Madejski- was previously on the EFL Board and had two stints as CEO.
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