Reading owner Dai Yongge failing to meet financial obligations Wycombe forced to put plans to buy Bearwood Park on hold Wycombe have put plans to buy Reading’s training ground on hold “due to seeming planning limitations allowing only Reading FC to use the training grounds”. Wycombe had been in talks with their cash-strapped neighbours over the purchase of their Bearwood Park training facility. The two clubs were hoping that a deal would “provide Reading with the necessary financial support to ensure that they are able to meet their ongoing financial obligations ..read more

Cut-price deal agreed to help Reading with cashflow Wycombe do not have their own training facility The beleaguered Reading owner, Dai Yongge, has sanctioned the cut-price sale of their state-of-the-art training ground to local rivals Wycombe to aid cashflow in his club’s financial crisis. In the absence of a takeover, there are serious concerns within the League One club about covering March’s wages and required HMRC payments, with a £1m shortfall to overcome this month. Failure to pay wages or HMRC would almost certainly result in a further points deduction from the English Football League ..read more

Reading say talks with potential new owners are ‘progressing’ Dai hoping to find buyers for Bearwood Park training complex The Reading owner, Dai Yongge, is “open to the sale” of the club’s Bearwood Park training complex to raise short-term funds for the club. The crisis-hit League One side have had six points deducted this season due to financial issues. The English Football League has previously urged Dai to “fund the club adequately” or make “immediate arrangements” to sell. The Royals said in a statement on Sunday that talks with potential new owners were “progressing ..read more

Football League warns of immediate potential activation Match against Port Vale will be played on 20 February Reading have agreed a suspended three-point penalty with the Football League (EFL) over the pitch invasion which forced the abandonment of their League One match against Port Vale earlier this month. Around 1,000 Royals supporters entered the pitch in the 16th minute of the match on 13 January in protest against the club’s owner Dai Yongge. This article will update later with news from Tuesday’s League One and League Two games ..read more

Travelling supporters vent their anger and frustration against owner Dai Yongge during League One defeat at Wigan “I’m Reading ‘til I die,” came the chant at kick-off from the away end, although many fear that the club will be the first to require a lengthy eulogy if Dai Yongge continues his ­lamentable ownership. The Royals are in crisis and 90 minutes of football at least brings some normality to the supporters from Berkshire who made the trek up to Wigan, even if the match ended in a 1-0 defeat. Wigan fans know the pain of poor ownership, starting the season with an eight-point deduction af ..read more

Fans fought off the ‘crackpot scheme’ to form Thames Valley Royals with Jim Smith as manager – and the tale may provide hope during current woe The current nightmare faced by Reading supporters should leave any true lover of the sport feeling cold. Putting any club allegiances to one side, you can only have sympathy for the plight of the club under the ownership of Dai Yongge. The recent on-pitch demonstration that caused the abandonment of their match against Port Vale shows just how desperate these fans are to highlight their predicament. Enough is enough. Struggling at the bottom of League ..read more

Arsenal must arrest sliding form, crisis-hit Reading head to Wigan and depleted champions face WSL test South Korea continue their push for a first Asian Cup win since 1960 and Lee Kang-in looks as if he can be their linchpin for years to come. In the 22-year-old, the Taegeuk Warriors have an in-form, forward-thinking attacker who impressed in his side’s opening game against Bahrain, scoring twice and constantly threatening with tight dribbling and defence-splitting passing. The former South Korea coach Paulo Bento often saw Lee as nothing more than an impact substitute but the current manager ..read more

Club rejig training plans to avoid paying for undersoil heating Nineteen redundancies made and about £4m owed to suppliers Reading’s dire finances have led staff to rejig training plans to avoid paying for undersoil heating, as the crisis club look to curb costs. The League One side, owned by the Chinese businessman Dai Yongge, have implemented a number of drastic cost-cutting measures, including 19 redundancies, and owe about £4m to suppliers. Staff and former employees talk of “firefighting” on a daily basis as the club fights a series of off-field problems. The English Football League has ..read more

Owner urged to fund League One club adequately or sell up Pitch invasion forced abandonment of match on Saturday The English Football League has hit out at the deeply unpopular Reading owner Dai Yongge’s “clear disregard for his obligations” after he received another fine for breaching a financial order. The league has urged the Chinese businessman to either fund or sell the beleaguered League One club. Hundreds of protesting Reading supporters invaded the pitch on Saturday, prompting their League One game against Port Vale to be abandoned. Reading are 21st, three points from safety. The EFL ..read more

Reading's League One match against Port Vale was abandoned after home fans stormed the pitch in protest against the club's owner, Dai Yongge. The game was called off in the 16th minute when fans refused to leave the pitch. 'We appreciate supporters' frustrations,' Reading said in a club statement during the protest. 'The club can face serious sanctions if the pitch is not cleared ..read more