Championship - Russian group complete Reading takeover
Reading have confirmed a Russian-led investment company have completed a takeover of the newly-promoted Premier League club.
Thames Sports Investment, founded by Russian Anton Zingarevich, agreed to buy a majority stake from long-standing Reading owner John Madejski in January.
"Reading Football Club are pleased to announce that a 51 per cent acquisition by Thames Sports Investment (owned by Anton Zingarevich) has now been completed, complying with all Premier League and Football League requirements," the club said.
"Four additional directors have been added to the Reading Football Club board chaired by Sir John Madejski, namely Anton Zingarevich, Christopher Samuelson, Andrew Obolensky and chief executive Nigel Howe. Ian Wood-Smith also remains a director.
"The football club and TSI would like to thank both the Premier League and Football League for their assistance, and we now enter another bright new era for our historic club, back in the Premier League."
Madejski, who made his money from the Auto Trader magazine, has been chairman of Reading for more than two decades and will remain in that role. He backed a move in 1998 to the club's modern, 25,000-seater stadium that is named after him.
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It is time to say a heartfelt thankyou to Sir John Madjeski for his love and good stewardship of Reading Football Club.Thankyou Sir John,and thankyou for remaining at the helm for a further 2 years to steer the ship safely on its new and exciting journey. Sincerely yours, Alan King....who saw my first Reading game at Elm Park,on my own aged 11 years in 1948.
I think the clue there Nav is in your chairman's surname. .Fair play to him though , he put you where you are today , cracking stadium . Look forward to playing you again next season, nice day out for us , not too far out of the smoke , decent beer , friendly women. Yep . COYI
Just hope they stay with Reading through thick & thin and not sell out if, and I said if, Reading doesn't stay in the Premiership... Only time will tell....
lets hope the Russians are not planning on taking over the Whole WORLD !!!
Leading Russian poultry group "Venkskis" have taken over Reading... the FA said they arrived for the meeting in Bentleys therefore automatically passing out fit & proper owners test comfortably. Outgoing Reading owner Madjeski was heard clarifying himself, "when I said mugs, I meant the souvenir ones in the gift shop, I must take one to remind me on the cash I made, I mean great times I had here."
O Dear could this be another Portsmouth
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