‘Mr Dai is making a joke of the situation’: German investor comments about Reading FC takeover
Daniel Loitz, a prospective buyer for Reading Football Club, has spoken out against the bidding process, claiming that current owner Dai Yongge has made a’mockery’ of the issue.
The Royals have been embroiled in a takeover issue for several months, as supporters and personnel have endured a nightmare reign under Dai Yongge, who has punished the club for financial misdeeds.
.German businessman Loitz has stated that he made a proposal for the club and has denied that he failed to present proof of money to proceed with his purchase.
pulled out of the bidding process and claims current owner Dai Yongge has created a’mockery’ of the issue.
The Royals have been embroiled in a takeover issue for several months, as supporters and personnel have endured a nightmare reign under Dai Yongge, who has punished the club for financial misdeeds.
.German businessman Loitz has stated that he made a proposal for the club and has denied that he failed to present proof of money to proceed with his purchase.
Loitz told iNews, “This is the wildest thing.” In January, I completed a proof-of-funds process that included bank verification and submitted all necessary documentation.
“I have signatures from
“Mr Dai’s past is extremely clear and on record. This is hardly gentlemanly conduct.”
Sky Sports has also stated that Loitz is in discussions to take over the London Irish Rugby Club, which previously played their home matches at the Select Car Leasing Stadium.
As part of the contract to take over the Exiles, he intends to bring them back to Berkshire.
Loitz resorted to Twitter to address the issue. He said: “I’d want to address Reading supporters in particular, as well as everyone who cares about the community.
“For months, I’ve been in productive negotiations about reviving the rugby club London Irish and bringing this unique club back to the communities of London and Reading.
“London
