Zingarevich completes Royals takeover

Tue, 29 May 15:46:04 2012

Anton Zingarevich has finally completed his takeover of Barclays Premier League new boys Reading.

The mega-rich Russian businessman agreed to buy 51% of the Royals from John Madejski in January through Thames Sport Investment, owned by Zingarevich.

The deal had hoped to have been completed in March but delays meant approval has at last been cleared today (Tuesday), exactly six weeks after manager Brian McDermott guided the Berkshire outfit to promotion from the npower Championship.

A statement released by Reading read: "Reading Football Club are pleased to announce that a 51% acquisition by Thames Sports Investment (owned by Anton Zingarevich) has now been completed, complying with all Premier League and Football League requirements.

"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 Barclays Premier League."

 

Comment 1 - 4 of 4

Sort comments by: Most recent | Most rated
  1. Francis I bet you don't live within 100 miles of­ Manchester. At Reading we can boast that true local­ support still exists. Wearing a Man U shirt and­ watching their games on Sky is not a true supporter. We­ will survive in the Prem, as have Swansea and Norwich­ playing in front of their true local support.­ Manchester City is the locally supported club in your­ neck of the woods.

    From CHRISTOPHER, on Tue 29 May 21:54
  2. Re:1. Man Utd days are already over. ferguson still can­ rule referees and FA but he will not win the league­ again b4 he get retire or die with stoke in another­ game against Man City because they will lose 9-0 or­ 11-1 like that.

    From tharr, on Tue 29 May 19:29
  3. FRANCIS YOUR DAYS OF RULING THE ROOST ARE COMING TO AN­ END MY FRIEND. Man city will dominate for a while now.­ with spurs and gooners and chelsea all adding to squad­ i think next season you might struggle to get into­ champions league. and i will laugh my bollocks off at­ you.

    From TRACEY, on Tue 29 May 17:56
  4. Good news though but there is some "but " in­ this articles mentioned by the clubs statement as­ reads" 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 Barclays Premier­ League. and i said we have receive your thanks but be­ ready to go back where you come from or you guys belong­ which is Npower Championship. hahaha MANCHESTER UNITED­ RULES THE WORLD OF SOCCER INCLUDE ENGLISH FOOTBALL

    From Francis, on Tue 29 May 17:38
Sort comments by: Most recent | Most rated

Not already a Yahoo! user ? to get a free Yahoo! Account