Reading Football Club has entered into a new period of exclusivity with an unnamed buyer, coinciding with a fresh transfer embargo imposed by the English Football League.
The new transfer embargo was instigated due to the late filing of financial accounts to Companies House for the 2022-23 accounting period, highlighting ongoing financial challenges under the current ownership.
Despite these setbacks, Reading is optimistic about finalizing overdue financial accounts and believes the embargo could be lifted soon, as they work towards completing a sale.
The exclusivity agreement emphasizes both parties' commitment to finalize terms quickly and secure funding for the club's operations until the sale is concluded.
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