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Fans react to ‘letter of intent’ for potential purchase of Reading

Reading have announced that chairman Dai Yongge has “committed to a letter of intent” with a potential buyer for the League One club.

Royals’ fans on social media are overjoyed with the news given the uncertainty surrounding the club’s future in recent months.

Reading protests
Reading have been given five separate points deductions since November 2021.Photo by Icon Sport

Reading release statement

In a club statement, Reading said: “The Club can confirm Mr Dai has committed to a letter of intent with a potential purchaser of Reading Football Club.

“The parties will now enter a period of exclusive negotiation to agree the final terms. The completion is expected to take up to two months, at which time the purchaser will be announced.

“The transaction would include the transfer of Mr Dai’s shareholding in The Reading Football Club Limited, as well as the Select Car Leasing Stadium and Bearwood Park training ground.

“The club will communicate with further updates when appropriate.”

Only last week, Wycombe Wanderers attempted to purchase the Bearwood Park training ground, but talks were halted due to ‘planning limitations’.

Fan reaction to Dai Yongge ‘letter of intent’

Dai Yongge bought Reading in 2017, but since November 2021, the club have been hit with five different points deductions, adding up to 18 points.

Over on X.com, Reading fans have reacted to the positive update. @NorthDevonRoyal said: “Get in, hard not to get hard not to get too excited but can we look forward to a brighter future?” @SimonLatson said: “I’ve checked and it’s not April 1. Good news!”

Fans of other clubs were also happy to hear the news. @PaulButtery2 said: “Fingers crossed for all the good folk involved with Reading FC. It’s the away ground I’ve been to the most.” Nottingham Forest supporter @jamieallan1998 said: “Fingers crossed for you lot it all goes through.”


Will Murray

Freelance football journalist. Experience writing for When Saturday, Comes, Goalkeeper.com, Elite Scholars and Total Football Analysis. Recently finished an MA in Sport Journalism at the University of Brighton. Long-time season ticket holder at the two-time European Champions Nottingham Forest.

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