Reading Football Club has entered a period of exclusivity with a potential buyer, marking a significant step toward a long-awaited change in ownership. While the identity of the interested party has not been disclosed, the sale would include the shareholding stake of the current owner along with the club’s stadium and training ground.
The club was officially put up for sale in October 2023, and despite multiple efforts to secure new ownership, the process has taken time. A recent statement confirmed that a letter of intent has been signed with a prospective buyer, initiating the final stages of due diligence before completing the transaction. Although there is no set timeline, the structure of the deal is designed for a swift conclusion, benefiting all parties involved.
Acknowledging the anticipation among supporters, the club explained that confidentiality remains a priority at this stage. The proposed deal would see the transfer of ownership of the club, along with its key assets, including the Select Car Leasing Stadium and Bearwood Park Training Facility.
Throughout the period of uncertainty, a dedicated supporters’ group has been vocal in its campaign against the current ownership. Fans have expressed frustration over the management of the club, which has faced numerous challenges, including multiple transfer embargoes and points deductions that have impacted its stability.
A recent petition, backed by a local Member of Parliament, has called for an inquiry into the club’s operations under the current regime. Supporters have long pushed for new ownership, hoping for a resolution that secures a more stable future for the club.
Following the latest announcement, the supporters’ group cautiously welcomed the development. While there is hope that the situation is moving in a positive direction, they remain wary given previous failed attempts to complete a sale. Their statement emphasized that the campaign will continue until a deal is fully finalized.
On the pitch, Reading currently sits ninth in League One, three points outside the playoff positions. A recent goalless draw against the league leaders showcased their competitive potential, but uncertainty off the field remains a pressing concern. Supporters and stakeholders now await further updates as the ownership transition moves toward completion.
