Vital Football

Latest Reading FC News

Front runner withdraws interest

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The takeover saga has taken another twist, as Indian businessman Mohit Burman has withdrawn his interest over buying the Berkshire club.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



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

Writer:Josh
Date:Monday June 9 2014
Time: 6:22PM

Login to post a comment

Recent Reading Articles

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

Norwood Vs Gunter

Two royals head to head

League Cup Draw Wednesday 1pm

Four hours after the Football League fixture list is revealed, the League Cup first round...

Reading fans perspective on France

France trip

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

thurlow97
Editor email
Profile
Josh
no email
Profile

Current Poll (see more polls)

What Striker do you want to see here?
Suggested By:
Dom Solanke11%
Lewis Grabban8%
Jamie Mackie11%
Carlton Cole 6%
Nahki Wells64%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Reading Results (view all)