Reading - Front runner withdraws interest
UK time is: 04:45:01
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The takeover saga has taken another twist, as Indian businessman Mohit Burman has withdrawn his interest over buying the Berkshire club.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

The transfer window closes (Wednesday September 2 2015)

Brentford 1-3 Reading (Sunday August 30 2015)

Brentford Vs Reading (Saturday August 29 2015)

Big Russian joins Dynamo Moscow (Thursday August 27 2015)

Portsmouth Vs Reading (Tuesday August 25 2015)

Reading 0-0 MK Dons (Sunday August 23 2015)

Reading Vs MK Dons (Friday August 21 2015)

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

League Table (view table)

Team P W D L GD Pts
10. Leeds Utd 5 1 4 0 1 7
11. MK Dons 5 2 1 2 1 7
12. Wolves 5 2 1 2 -1 7
13. Reading 5 1 3 1 1 6
14. Fulham 5 1 2 2 0 5
15. Sheff Wed 5 1 2 2 -1 5
16. Forest 5 1 2 2 -1 5

Reading Fixtures (view all)

Breaking League News

LUFC Bamba named Player of the Month
Leeds Utd : 03/09/2015 19:00:00
Audio - The Wednesday Week Podcast - Season 15/16 Show Four
Sheff Wed : 03/09/2015 17:52:01
RUFC - Evans 'Let The Knockers Continue'
Rotherham : 03/09/2015 17:12:01
RUFC - Frecks Handed Armband
Rotherham : 03/09/2015 16:52:00
Ipswich Town's International Pedigree
Ipswich : 03/09/2015 16:03:00

Current Site Poll (view all polls)

What Striker do you want to see here?
Suggested By:  
Dom Solanke 6%
Lewis Grabban 9%
Jamie Mackie 16%
Carlton Cole 9%
Nahki Wells 60%