Menu
Franchises

Reading Minority Owner Admits Club 'Too Expensive' To Run

League Championship side Reading minority Owner Sasima Srivikorn admitted the club has become "too expensive for them to run" as a Chinese consortium "moves closer to a potential takeover," according to the BBC. Sasima said, "We just couldn't afford it comfortably anymore." Chinese brother and sister Dai Yongge and Dai Xiu Li are "in talks to buy a 75% stake" in the club. Sasima said, "We're doing this to save the club and pass it on to better hands. If you don't have very, very deep pockets, it's a struggle and I have to say the truth." Talks with the potential buyers began in November but, despite the EFL's approval, the Premier League is "understood to have reservations." Dai Yongge, 46, failed in an attempt to buy Hull City in September and reportedly failed to meet the FA's "fit and proper persons" test. Should the deal "not go ahead," Sasima, who holds a 25% stake, assured supporters the Thai consortium "will not walk away from the club." Sasima: "We'll find a way and put our heads together" (BBC, 4/10).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/04/12/Franchises/Reading.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/04/12/Franchises/Reading.aspx

CLOSE