Royals takeover reaction

Thames Sports Investment has announced the fifty one per cent acquisition. The deal was finally ratified by the Premier League, following Reading's promotion.

"It's the start of an exciting new era for the Royals"

Reading chairman Sir John Madejski believes the new owners of the npower Championship-winning side have the ambition that can help to keep the club in the Barclays Premier League.

Former owner Madjeski, 71, oversaw the takeover by Anton Zingarevich, with the Russian businessman taking a controlling 51% stake in the Royals.

Madjeski became chairman of Reading in 1990 and has taken the club from the brink of receivership to a second spell in the top flight and he feels Zingarevich is the right person to step in and help the club continue to grow.

Advertisement

Financial boost for Reading FC

The partial takeover of Reading Football Club has been completed. Sir John Madejski and Chris Samuelson posed for photographers in January. But only today were Thames Sports Investment able to announce the fifty one per cent acquisition.

The deal was finally ratified by the Premier League, following Reading's promotion. Mr Samuelson and Anton Zingarevich, join the board. With Sir John staying on as chairman.

Sir John Madejski and Chris Samuelson Credit: ITV Meridian