Reading owner granted sale extension by EFL amid suspension threat
Dai Yongge given until 22 April to divest interests in clubEFL believes Dai more motivated than previously to sell
Reading have been granted an extension by the English Football League until 22 April for their owner, Dai Yongge, to sell the club. Reading had been at risk of suspension if they failed to show adequate signs of progress.
Dai was disqualified under the league’s owners’ and directors’ test in February owing to debts and court rulings in his native China but the troubled League One club were permitted an extension on the initial 28-day period in which Dai needed to divest his shares, until this Saturday. The EFL, whose board met at their monthly meeting on Thursday, has now given Dai more time to sell.
