Bris Vegas Posted January 21, 2012 Share Posted January 21, 2012 Read more: [url=http://www.dailymail.co.uk/sport/football/article-2089667/Reading-40m-takeover-Russian-tycoon.html#ixzz1k4SL8b43]http://www.dailymail...l#ixzz1k4SL8b43 Sir John Madejski is on the verge of selling Reading to a Russian billionaire in a deal that could top £40million. The Royals chairman signed an agreement with Team Sport International on Friday that will end with tycoon Anton Zingarevich, 29, buying the club. [size=3][size=4]Reading manager Brian McDermott flew to Milan to meet the club's prospective owners earlier in the week to discuss team rebuilding. He has been assured by Zingarevich that his job is safe as Reading push for promotion to the top flight. Madejski has agreed a deal to sell 51 per cent of his stake in the club with an option on the remainder of his shareholding. Zingarevich, educated in Reading before moving to New York to attend university, signed off the deal on Friday. His management consultants PWC are going through the process of due diligence but they do not expect any issues. Chief executive Nigel Howe, nephew of former Arsenal coach Don, will be retained along with Madejski in his role as chairman, while director of football Nicky Hammond will also remain at the club.[/size][/size] So Nicky Maynard, Jordan Rhodes and Arshavin to Reading then.. Either a Leicester City Mark II disaster or a comfortable PL club in the next few years.. Those PL spots are starting to run out for the likes of us.. Link to comment Share on other sites More sharing options...
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