“This is fantastic news” – Pundit responds to major Reading FC takeover update.
Carlton Palmer expressed his happiness for Reading FC when Dai Yongge secured an agreement to sell the club to Chiron Sports Group.
Reading FC’s takeover by Chiron Sports Group offers optimism following years of financial upheaval and point deductions that have hampered performance.
Fans are looking forward to increased funding that will enable for player recruitment and a potential bid for promotion next season.
Carlton Palmer emphasised the significance of new ownership for Reading’s future success.
Carlton Palmer predicted a ‘brighter future’ for Reading after Swiss business Chiron Sports Group agreed to acquire the League One club from Dai Yongge.
The Royals’ off-field troubles are well known, with players not receiving their wages on time in the past, and the club also having issues with HMRC over payments.
Over the last few years, they’ve had multiple point deductions, which contributed to their relegation to the Championship.
Ruben Selles’ men were deducted six points during the current season, but they still managed to remain up thanks to the group’s efforts.
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In the broader picture, however, there is a sense that Reading cannot go on until a takeover is completed, with Yongge having stated for months that he is open to a sale.
In March, it was disclosed that Chiron Sports Group had signed into an exclusivity period. Furthermore, Football Insider said that an agreement had been struck.
Obviously, it is the news that all Reading supporters want to hear, as they are eager for this to happen as quickly as possible.
Naturally, they’d want it finalized before the summer window opens, so they can start recruiting for next season.
In an interview with FLW, ex-England international Carlton Palmer emphasized the importance of Reading FC’s takeover. He believes that if everything is in place to support Selles’ new signings, the club can push for promotion.
“This is excellent news for the Reading Football Club and its supporters. It has been a dreadful time under Yongge, as he has missed payments, players have not been paid, and there have been point deductions, so Reading has done an incredible job to stay in the league despite everything.
