Reading FC has reached an agreement with a buyer for the sale of the club, prompting the EFL to extend the deadline for completion until May 5. This extension marks the second occasion where the EFL has allowed more time since owner Dai Yongge's disqualification under the Owners' and Directors' Test. Previously, the deadline was set for April 22, but the club engaged in renewed discussions with another prospective buyer in early April, indicating progress in ownership negotiations. Further updates are expected as the deadline approaches.
Reading FC has secured terms with a buyer, receiving an extended deadline from the EFL until May 5 to finalize the sale, highlighting ongoing negotiations with potential owners.
The club, disqualified under the EFL's Owners' and Directors' Test, has benefitted from multiple extensions to facilitate a successful transition in ownership.
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