Report: A new update have been provided on the sale of the Royals this week and…

Reading FC aims to secure a respectable place in the league and avoid relegation by gaining more points in the upcoming matches.The club is struggling financially and needs a takeover to ensure its survival as late payments are causing anxiety among fans.A potential takeover is underway, with the bidder likely to be granted an exclusivity period once the deal is completed, bringing the club one step closer to a change of ownership.League One side Reading have been in fine form on the pitch of late as Wednesday’s win against Stevenage lifted them out of the relegation zone.The Royals know better than anyone that they must build on this win at the Lamex Stadium if they are to pull themselves out of the relegation zone and secure respectable status with their next opponents Charlton Athletic at the end of this season. .Even 20th place would be good enough for many supporters this season, but to avoid relegation they need to add points to the table to make up for further deductions. Driving thedoes not seem to be owned at the moment, but it is clear that Ruben Sellesand#039; the parties are in financial difficulties and a takeover is necessary as soon as possible.This may be the only way the club can survive as late wages and HMRC payments over the past 18 months have worried fans.In September, it was revealed that owner Dai Yongge was soliciting bids for the club, but the takeover has not yet materialized.While the process continues, we’ve gathered the latest news about a possible sale at Select Car Leasing Stadium.Exclusivity ends a possible takeover of Reading FC. To take over, the bidder must be given a period of exclusivity so that the deal can cross the border.And this period begins when the due diligence is done and the deal is agreed upon between Dai and the preferred bidder.The Royals aren’t exclusive, but they’re closer than they’ve been, according to Supportersand#039;s update. Count on Reading (STAR) who will delight supporters desperate to see Berkshire change hands.Obtaining supplier exclusivity does not mean acquisition is guaranteed at this stage – as it must be approved by EFL. But it would be a huge step closer to a change of ownership.Dai Yonggeand#039;s position on Reading FC biddersHowe, the club’s former chief executive and heavily involved in the sale, admitted to STAR that he wants to ensure that Daiand#039’s successor can not only save the club in the short and long term, but can also finance it in the long term.Dai was able to finance the club for much of his reign and overspend, but now it seems he is struggling to raise the funds to keep the royal club afloat.Speaking late last month about what and what is needed from the new owner, he told BBC Radio Berkshire: andquot;The EFL is not just about the owners and #039; test, it is also about meeting the financial requirements and creating a business plan that works according to EFL.andquot;We gave all those interested the opportunity to propose to us. Once we receive them, we will meet with Mr. Dai and hopefully he will approve one of them.andquot;I think we need at least a few months to ratify it. There is currently no date (to meet with Mr. Dai), but I hope it will be in the next two weeks.

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