Takeover of troubled Bristol Rovers rival edges closer ahead of big Memorial Stadium fixture that will attract 1,500 away fans

Reading fans haven't hidden his dislike for current Reading owner Dai YonggeReading fans haven't hidden his dislike for current Reading owner Dai Yongge
Reading fans haven't hidden his dislike for current Reading owner Dai Yongge | Getty Images
Bristol Rovers welcome Reading to the Memorial Stadium on April 9 - with 1,500 Royals tickets sold

Bristol Rovers' League One rivals, Reading, have entered a period of exclusive negotiation with a prospective buyer as their takeover moves a step closer, writes PA Sport.

Highly-criticised owner Dai Yonge is looking to sell the troubled Royals and an interested party now has exclusivity. The deal would include Dai’s shares in the club as well as the stadium and training ground.

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A club statement read: '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.'

League One rivals Wycombe confirmed they were in exclusive dialogue with Reading over the purchase of their Bearwood training facility, but that now looks off the table.

Reading have had six points deducted from their total this season so far after a series of failures by Dai to fulfil the club’s financial obligations under EFL rules, with a further two points suspended. They currently sit 18th - six points above the League One relegation zone.

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Reading fans have been protesting against Dai’s ownership and in January around 1,000 supporters invaded the pitch during their match against Port Vale, leading to it being abandoned.

The Gas welcome the Royals to the Memorial Stadium on Tuesday, April 9, having drawn 1-1 at the Select Car Leasing Stadium back in November. Reading have sold all 1,500 tickets they received for the game.

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