UK time is: 02:44:32
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Front runner withdraws interest

The takeover saga has taken another twist, as Indian businessman Mohit Burman has withdrawn his interest over buying the Berkshire club.

According to Get Reading, Burman withdrew his interest because of lending company Vibrac, who are now demanding more than the 1 asking price for the club. Vibrac are owed 10 million by the club and because of these new demands, have put off Burman's consortium.

The original asking price for the club was 1 and to wipe the 20 million+ debt, but the banks, who are now in control of the club, are now demanding more money. However, Sir John Madejski and the current board til have a say, when potential owners are being considered.

Just when we thought it was all turning a corner, it is seemingly getting somewhat worse. With Madejski now losing his firm grasp over the choice of the club's owners, who knows what could happen next. A firm conclusion is needed very soon, we hope for that much.

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 June 9 2014

Time: 6:22PM

 

Have Your Say

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

Recent Reading Articles

Royals boss reflects on first game (Sunday December 21 2014)

Clarke appoints number two (Sunday December 21 2014)

Clarke reign starts with home defeat (Sunday December 21 2014)

Reading 0 - 1 Watford (Saturday December 20 2014)

Key man watch: Troy Deeney (Saturday December 20 2014)

Watford (H) Match Preview (Friday December 19 2014)

Team news: Reading vs Watford (Friday December 19 2014)

Midfield duo return to Royals training (Thursday December 18 2014)

Clarke: We can spend in January (Thursday December 18 2014)

Archived Reading Articles

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

League Results (view all)

Latest Results
Reading 0 - 1 Watford
Birmingham 6 - 1 Reading
Reading 0 - 0 Bolton
Norwich 1 - 2 Reading
Cardiff 2 - 1 Reading
Reading 0 - 1 Charlton

League Table (view table)

Team P W D L GD Pts
14. Sheff Wed 22 6 10 6 -5 28
15. Birmingham 22 7 7 8 -8 28
16. Bolton 21 7 4 10 -5 25
17. Reading 22 7 4 11 -11 25
18. Leeds Utd 22 6 6 10 -7 24
19. Rotherham 22 5 9 8 -9 24
20. Huddersfield 22 6 6 10 -12 24

Breaking League News

Tractor Boys Tame The Boro!
Ipswich : 21/12/2014 22:56:00
Millwall 0-1 Bolton Wanderers: Player Ratings
Bolton : 21/12/2014 22:17:00
Wolves 1 Brighton 1 (Report)
Brighton : 21/12/2014 20:42:00
Rams Held By Canaries
Derby County : 21/12/2014 20:36:00
Derby County : 21/12/2014 20:34:00

Current Site Poll (view all polls)

When fully fit, who would you prefer up front?
Suggested By:  Josh
Glenn Murray 48%
Pavel Pogrebnyak 15%
Neither - buy a new striker in January 37%