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The takeover saga has taken another twist, as Indian businessman Mohit Burman has withdrawn his interest over buying the Berkshire club.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

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

Login to post a comment

Recent Reading Articles

Who Makes Giggs' First Welsh Squad?

New Wales manager Ryan Giggs has now announced his first selection since taking the job on.

Talking points ahead of the Norwich game

Even the most optimistic Reading fan would struggle to see us getting anything this Saturday at Norwich, we take a look at the main talking points ahead of the game

The Dark Side Have Been Appointed - Norwich v Reading

The Football League have now announced the Match Day officials that will take charge of the game between Norwich City and Reading this Saturday.

Stats: Wolverhampton Wanderers v Reading

All the stats from Wolverhampton Wanderers (3) vs (0) Reading, Molineux, 13/3/18 Att: 27,341

Reading Archived Articles

Vital Reading articles from

Site Journalists

Write for Vital Reading
Write For Vital Reading
Apply Here

Current Poll (see more polls)

Wolves MotM
Suggested By: Site Staff
Sub - Bacuna0%
Sub - Smith0%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Reading Results (view all)

Reading Fixtures

Vital Football Comment