Dai Yongge, owner of Reading FC, has until April 4 to sell the club after being disqualified under the EFL's Owners' and Directors' Test. This decision was confirmed during a court hearing where Yongge sought an injunction against ex-owner Rob Couhig, whom he accused of obstructing the sale. The EFL stated that failing to divest his interests could lead to further regulatory actions. Despite recent setbacks in previous takeover attempts, the club announced a potential exclusive sale deal last month, hoping to finalize it soon to alleviate ongoing uncertainty for supporters and staff.
"The League continues to work closely with Reading FC to progress a sale of the club at the earliest opportunity, in order to end the current uncertainty surrounding its future for its staff, supporters and wider community."
"Following its disclosure in open court earlier today, the League can confirm that Mr Yongge has been recently disqualified under the EFL's Owners' and Directors' Test."
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