UK time is: 05:21:07
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Madejski: Takeover will be completed this week

Reading chairman Sir John Madejski has said that the takeover of the club will be completed at some point this week.

Thames Sports Investments, led by Russian billionaire Anton Zingarevich are on the verge of buying the Premier League club for 25 million from Madejski. The deal was set to be completed at the end of March but a delay has occurred due to the Football League and now the Premier League wanting to look into the potential takeover, especially because of recent problems the likes of Portsmouth and Rangers have suffered.

Speaking to BBC Radio Berkshire, Madejski said: 'So all that bodes well for Reading football club, let's dot the i's and cross the t's, let's make sure, perfectly sure that what's going forward is going forward and so therefore everybody's happy. I'm sure it's going to happen but I think it is right and proper that the league have got to be very circumspect.'

'We want to make sure that the deal is completely watertight for the sake of the club going forward. But that should all pan out. All these questions will be answered substantially and at the end of the day the Premier League are not going to allow people into the league unless they are fit for purpose and indeed that they've got the money to do what they say they are going to do.'


No Reading fans can question Anton Zingarevich's commitment to the club, after providing Brian McDermott with appropriate funding in January to help the club's rise to the Premier League. The 29-year old tycoon has attended many home games this season and his father, Boris, attended yesterday's game against Crystal Palace.

Join The Vital Debate




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 April 23 2012

Time: 2:00PM

 

Have Your Say

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

Recent Reading Articles

Poor defending costs Royals first defeat (Wednesday August 20 2014)

Stats: Reading v Huddersfield (Wednesday August 20 2014)

Adkins rues 'shocking' goals (Wednesday August 20 2014)

Reading 1 - 2 Huddersfield (Tuesday August 19 2014)

Key man watch: Nakhi Wells (Tuesday August 19 2014)

Huddersfield (H) Match Preview (Tuesday August 19 2014)

Midfielder set for Madejski move (Tuesday August 19 2014)

Boss positive on ownership situation (Monday August 18 2014)

Player Ratings - Ipswich (H) (Monday August 18 2014)

Youthful Royals get first win (Sunday August 17 2014)

Archived Reading 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)

1. Y19-Royal 1

League Results (view all)

Latest Results
Reading 1 - 2 Huddersfield
Reading 1 - 0 Ipswich
Wigan 2 - 2 Reading

League Table (view table)

Team P W D L GD Pts
8. Middlesbrough 3 2 0 1 2 6
9. Sheff Wed 3 1 2 0 1 5
10. Ipswich 3 1 1 1 0 4
11. Reading 3 1 1 1 0 4
12. Brentford 3 1 1 1 0 4
13. Derby County 3 1 1 1 0 4
14. Blackburn 3 1 1 1 -1 4

Breaking League News

Burnley Submit 5 Million Bid For James McArthur
Wigan : 20/08/2014 23:39:00
Cardiff 1 Latics 0 - Missed Chances
Wigan : 20/08/2014 23:15:00
Wolves : 20/08/2014 22:31:00
Rams Fall To First Defeat
Derby County : 20/08/2014 22:11:00
Derby County : 20/08/2014 22:08:00

Current Site Poll (view all polls)

What area do we need to strengthen most?
Suggested By:  Josh
Goalkeeper 10%
Defence 16%
Midfield 11%
Attack 63%