Premier League & EFL Comment On Reading Takeover

One of the biggest sticking points with the much protracted, but thankfully now complete, takeover of Reading Football Club has been a reported reluctance from the Premier League to sanction the deal. Now we've finally got a public comment from the league on where they stand.

Well the good news, as reported by Sky Sports News HQ's Bryan Swanson this afternoon.

So it's not exactly a full scale endorsement of the takeover but the fact they've been talking to the EFL suggests there's no huge hurdle to overcome right now.

As for the 'conditions' mentioned, well they relate to an EFL Statement that confirmed their blessing for the takeover yesterday.

Here's what they had to say.

"The EFL can confirm that they have no objections to the change of control application made by Reading.

Following a full review of the transaction, the EFL has insisted upon - and the club/new owners have agreed - to a number of additional reporting requirements including enhanced financial monitoring, so as to ensure that their performance is consistent with the application we have considered.

We would like to wish the new majority shareholders Mr Yongge Dai and Miss Xui Li Dai the very best of luck in their future endeavours with the club."

One by one the fears and questions we've had surrounding the takeover are slowly melting away. While there's still questions to answer and challenges to come, it finally seems to be a time where we can be cautiously positive about the future of the club off the pitch.

We'll keep you up to date with any further news on the takeover as we get it but for now, we can breathe that little bit easier.