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Reading owner Dai Yongge puts training ground up for sale in bid to raise funds

The Reading owner, Dai Yongge, is ‘open to the sale’ of the club’s Bearwood Park training complex to raise short-term funds

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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”.

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The club statement read: “Mr Dai is currently evaluating every option at present to secure sufficient funding until new ownership is confirmed. In doing so, he is open to the sale of Bearwood Park, should an appropriate offer be received.

“Whilst dialogue with potential new ownership groups are progressing, as of today no single party has been granted exclusivity. Mr Dai, and representatives, will continue to liaise with interested parties and hope to move forwards at the earliest possible opportunity. Further communication with substantive developments will come as appropriate.”

Reading fans have been protesting against Dai’s ownership and in January around 1,000 supporters invaded the pitch during their match against Port Vale, leading it to be abandoned.