Former CEO Nigel Howe, now property projects manager at the Royals, has been asked by unpopular owner Dai Yongge to oversee the sale of the League One club.
Howe told BBC Radio Berkshire that Dai had been undecided about whether or not to sell or just allow new investment, but was now intent on selling.
“He’s eventually got to the point where he thinks the best route is to go for a full disposal,” Howe said. “We’ve been contacted directly by a good seven or eight bidders.
“With the EFL, it’s not just about the owners’ test, it’s also about making sure the financial requirements are met as well and putting in place a business plan the EFL say is workable.
Proposal
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