Reading FC Ownership Crisis: Dai Yongge Must Sell Club by April 4 Amid EFL Disqualification

Reading FC owner Dai Yongge has been ordered to sell the club by April 4 following his disqualification under the EFL's Owners' and Directors' Test. This decision came after a hearing at the Commercial Court in London, where Yongge sought an injunction against former Wycombe owner Rob Couhig, alleging he was obstructing the sale of the Royals.

Judge Mr Justice Jacobs denied the request for a mandatory injunction. The EFL subsequently confirmed Yongge’s disqualification in a statement, emphasizing the need for him to divest his interests in the club. The statement also warned that failure to comply within the stipulated timeframe could lead to further regulatory action.

Yongge argued in court that Couhig's securities were impeding the sale process. Despite this, Reading FC recently announced an exclusivity period with an unnamed party, expressing optimism for a swift and beneficial takeover.

Since committing to sell the club in March 2024, several takeover attempts, including one by Couhig, have failed. Meanwhile, Reading FC continues to perform well in League One, currently sitting eighth and just two points off a play-off place after a 10-game unbeaten run.

The EFL has pledged to work closely with the club to facilitate a sale, aiming to resolve the ongoing uncertainty for the club’s staff, supporters, and the wider community. Reading FC, a club with a rich history, now faces a critical juncture in its future, with the potential takeover being closely watched by the football world.

This ownership crisis highlights broader issues in football club management and governance, sparking discussions among stakeholders, including Reading MPs, about the need for an independent football regulator to ensure stability and fairness in the sport.