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Chinese duo complete Reading FC takeover

Reading celebrate McShane winner
Reading have new owners

READING have new majority shareholders.

On a memorable night on the pitch with the Royals clinching a spot in the play-off final with a 2-1 aggregate win over Fulham, huge news also broke off the pitch minutes after the final whistle.

Brother and sister Dai Yongge and Dai Xiu Li have been linked with the club for a number of months but EFL approval became official this evening, during the game against the Cottagers.

The Chinese pair have become majority shareholders with the current Thai consortium retaining a minority share.

“One of my first priorities will be to visit the development site for the new training ground and we also intend to revisit stadium extension plans with the vision of creating world class facilities at the club,” said Mr Dai.

Chief executive Nigel Howe added: “Dai Yongge and Dai Xiu Li are investing in a club with undoubted potential.

“Their investment will benefit not only the first team squad, but which will also help to improve the club’s training facilities, continue to supports its Category One Academy programme and actively assist in delivering plans to develop the Royal Elm Park proposal.

“We are very pleased to welcome them to Reading.”

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