This story reminds me a bit of what is happening to Inter in Serie A. Chinese owners, the central government which at a certain point put a stop to investments, other failed local teams (Guangzu Evergrande) and a mountain of debt...
But... Here we are in Italy, and a hand is always extended to friends of friends! We became aware of Inter's billions in debt thanks to an article in the Financial Times, not reported by any local newspaper.
Inter are perhaps simply too big to fail, the Italian Serie A would not bear the shock, but they are also the most protected team on a political and sporting level.
If Reading were to fail, which of course, from fan to fan, I hope that doesn't happen, they can be reborn, perhaps starting from the lower categories, in the hands of competent and good people.
Inter can’t fail. The mere possibility seems absurd and global football would be in uproar. But that’s a lot of debt!
Little old Reading though…
An article in The Athletic recently suggested that the owners would sell for £70m - £80m which is the debt that the club currently owes Dai Yongge. When other clubs in a higher division are being sold for less, I fear… I genuinely fear for our existence 😔