Reading, Football, Sport Business | The Guardian
Bank understood to have blocked sale to Rob CouhigDocuments show unpaid debt secured against stadiumThe Reading owner Dai Yongge’s repeated attempts to sell the club are being jeopardised by his failure to repay previously undisclosed debts of more than £55m to a state-backed Chinese bank, according to documents seen by the Guardian.A loan from Haitong International Securities caused the collapse of a £30m takeover by Rob Couhig last month, with documents showing the investment bank has the right to take ownership of Reading’s stadium if it is sold without the debt being repaid. Continue reading… Bank understood to have blocked sale to Rob CouhigDocuments show unpaid debt secured against stadium
The Reading owner Dai Yongge’s repeated attempts to sell the club are being jeopardised by his failure to repay previously undisclosed debts of more than £55m to a state-backed Chinese bank, according to documents seen by the Guardian.
A loan from Haitong International Securities caused the collapse of a £30m takeover by Rob Couhig last month, with documents showing the investment bank has the right to take ownership of Reading’s stadium if it is sold without the debt being repaid.
