LONDON: Reading announced on Friday that a Thailand-based consortium has completed their takeover of the Championship club.
The Thai investors, led by businesswoman Khunying Sasima Srivikorn, first declared their interest in buying Reading in July and the deal has now been completed. Khunying Sasima will become co-chairman with John Madejski, who has been with the Royals since 1990, ending months of uncertainty which saw majority shareholder Anton Zingarevich leave the board in June.
“I am delighted to announce that, following confirmation from the Football League, our new Asian consortium partners are now in place at Reading Football Club,” Madejski told Reading’s website.
“After months of tireless hard work and a lot of speculation, I am very pleased to say that Reading Football Club’s future has been resolved.”
Zingarevich, who purchased a 51 per cent stake in Reading in May 2012, pulled out of a deal to complete a full takeover shortly after the Royals were relegated from the Premier League in 2013 and revealed his departure during the recent close-season. AFP