Reading - Madejski still confident of deal despie delay
UK time is: 20:12:03
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Madejski still confident of deal despie delay

Reading chairman Sir John Madejski has said that a deal to sell his stake in the club is still likely to go ahead despite a delay in the process.

The 70-year old has agreed to sell his majority stake in Reading Football Club to Thames Sports Investments for around 25 million. The deal was reportedly set to be completed around the end of March but despite concern the deal could potentially be off, Madejski has reassured any of these concerns.

Sir John told the Reading Post: '"March 31 was always a guideline and everything will be done in due course. It`s progressing very well. All we`re doing is focusing on the football. The transfer window is shut so we can`t bring players in and players can`t leave. It won`t affect anyone here.'

Madejski added: 'The process is progressing very well and all due diligence is almost completed, which means the majority of the paperwork is finalised. With a transaction of this importance there`s always an incredible amount to do.'

Russian owner Anton Zingarevich has attended two home games this season, witnessing his potential team win both of them and firmly in contention for promotion to the Premier League. Having already provide funds for the deal of Jason Roberts, plenty more spending could be seen in the summer, irrelevant of which league the Royals are in.




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:Thursday March 29 2012

Time: 2:00PM

 

Have Your Say

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

Recent Reading Articles

Archived Reading Articles

List All Vital Reading Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. Y19-Royal 1

League Table (view table)

Team P W D L GD Pts
16. Huddersfield 46 13 16 17 -17 55
17. Fulham 46 14 10 22 -21 52
18. Bolton 46 13 12 21 -13 51
19. Reading 46 13 11 22 -21 50
20. Rotherham 46 11 16 19 -21 49
21. Brighton 46 10 17 19 -10 47
22. Millwall 46 9 14 23 -34 41

Breaking League News

Boro bid to complete return
Middlesbrough : 24/05/2015 19:35:01
Mills Holds Forest Talks
Forest : 24/05/2015 17:21:01
Gobern Expected To Leave
Huddersfield : 24/05/2015 16:34:00
Cherries linked to Blackburn striker
Bournemouth : 24/05/2015 15:55:01
Charlton In Advanced Talks With Winger
Charlton : 24/05/2015 15:37:01

Current Site Poll (view all polls)

Would you take ALF back?
Suggested By:  
Yes 56%
No 44%