Reading owner Yongge given extension to sell club

The owner of Reading Football Club, Yongge Dai, has been given an extension to sell the club by the English Football League (EFL). The EFL had set a deadline for Dai to find a buyer for the club, but due to unforeseen circumstances, the deadline has been extended.

Yongge Dai has been the owner of Reading since 2017 and has been looking to sell the club for some time. The EFL is keen for the club to have stable ownership and has been working closely with Dai to find a suitable buyer.

Reading Football Club has a rich history and a loyal fanbase, so it is important for the EFL that the club is in good hands. The extension given to Dai shows that the EFL is willing to work with owners to ensure the long-term sustainability of clubs.

Reading fans will be eager to see who the new owner of the club will be and what plans they have for the future. The club has been relatively stable on the pitch in recent years, but off-field issues have been a concern.

Yongge Dai will now have more time to find a suitable buyer for the club and to ensure that the transition is smooth for everyone involved. The EFL will continue to monitor the situation closely and provide support where needed.

Overall, this extension gives hope to Reading fans that the club will be in safe hands in the future and that they can look forward to brighter days ahead. The sale of a football club is a complex process, but with the help of the EFL, hopefully, a positive outcome can be reached.