UK time is: 18:18:09
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Owners reveal identity and release statment

The owner of the mystery group Thames Sports Investments has been unveiled as Russian tycoon Anton Zingarevich. TSI are the group that are on the verge of the takeover of Reading Football Club.

Anton Zingarevich, 29, and son of Russian billionaire Boris Zingarevich, will be previously known for his attempt to buy Everton a few years ago. However, the 20m takeover failed and has now moved to interests to Reading.

The following quotes are taken from the official RFC website: 'The transaction is due to complete in March 2012, but the Heads of Agreement, as agreed with Sir John Madejski, includes providing Reading Football Club with some limited funding now to enable Brian McDermott and Nick Hammond to strengthen the playing squad during this January transfer window. TSI have met with Brian, Nick and the club to begin this process.'

'TSI is also delighted that Sir John Madejski has agreed to remain Chairman of Reading Football Club until at least 2014, and to become Life President if and when he decides to step down. TSI wishes to emphasise that Reading Football Club's management team will remain unchanged, as will the fundamental policies of the club, including prudent fiscal management.'

'TSI's financial support aims to allow the club to retain its best players and acquire additional players as the football management team see fit. It will also enable the club to expand and further improve its successful Academy and scouting operations.'


Zingarevich was educated at Bearwood College in Reading, before moving onto university in New York. The deal is set to be completed in March, buying a 51% stake in the club. It is crucial to reiterate that Sir John Madejski will remain chairman for the foreseeable future.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Josh  Mail feedback, articles or suggestions

Date:Monday January 23 2012

Time: 6:06PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Player Ratings - Middlesbrough (H) (Thursday April 24 2014)

Stats: Reading v Middlesbrough (Wednesday April 23 2014)

Adkins: Our destiny is in our hands (Wednesday April 23 2014)

Reading 2 - 0 Middlesbrough (Wednesday April 23 2014)

Middlesbrough (H) Match Preview (Tuesday April 22 2014)

Archived Articles

List All Vital Reading Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
3. Derby County 44 24 9 11 30 81
4. Q.P.R. 44 22 10 12 15 76
5. Wigan 43 20 10 13 15 70
6. Reading 44 18 13 13 12 67
7. Brighton 44 17 15 12 12 66
8. Forest 44 16 17 11 7 65
9. Ipswich 44 17 14 13 6 65

Breaking League News

Martin Happy With Play-Offs
Derby County : 24/04/2014 15:00:00
Cherries host Forest
Bournemouth : 24/04/2014 14:49:00
Prutton weighing up playing options
Sheff Wed : 24/04/2014 13:39:00
Owls have competition for Hull striker
Sheff Wed : 24/04/2014 13:34:00
Owls suffer double injury blow
Sheff Wed : 24/04/2014 13:28:00
Scout Focus: Leeds United
Birmingham : 24/04/2014 13:00:00
Madejski reveals 'slow progress' in owner search
Reading : 24/04/2014 13:00:00

Current Site Poll (view all polls)

Prediction for the Middlesbrough game
Suggested By:  Josh
Win 30%
Draw 10%
Loss 60%