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Friday briefing: Reading deny reports of takeover by British businessman

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13 October 2023 - 4:30 AM

Reading have denied that a takeover of the club has been agreed following media reports indicating the British businessman and former Formula One team backer William Storey was poised to acquire the troubled EFL League One team.

On Wednesday evening, The Daily Telegraph reported that Reading were set to complete a £50 million sale to Storey, with the newspaper claiming that terms on the deal were broadly agreed earlier in the day following negotiation

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