Chinese investors take over another English football club

Zhang Peng China Plus Published: 2017-05-17 14:24:54
Comment
Share
Share this with Close
Messenger Messenger Pinterest LinkedIn

The logo of Reading Football Club. [Photo: Agencies]

The logo of Reading Football Club. [Photo: Agencies]

The brother and sister duo of Dai Yongge and Dai Xiulu have finally managed to get their hands on an English football club.

The two, who formed Renhe Commerical Holdings in China in the 1990's, reportedly have managed to secure a 75% stake in Reading FC.

A price-tag for the purchase has not been announced.

Reading is currently in England's Championship division, which is a step down from the Premiership.

"One of my first priorities will be to visit the development site for the new training ground and we also intend to revisit stadium extension plans with the vision of creating world class facilities at the club," said Dai Yongge.

His sister, Dai Xiulu, is currently the President of Beijing Renhe FC, which was relegated this past season to China's League One division.

The Dai family is not new to English football.

Renhe Commercial attempted to purchase Hull FC last year, but eventually withdrew the offer.

Share this story on

Most Popular

Photo

Mountain-view apartment in downtown Shanghai
Wuhan student 'nails' image of Marilyn Monroe
Belt and Road cooperation agreements
Family struggles with quadruplets in north China
First ladies of Belt &Road countries shopping in Beijing
Beauties in Cheongsam showcase Chinese culture in Moscow

News

Panda 'tsunami' proves difficult to tame
China's Minister of Education: braille test paper to be available for CET-4 examination
China, Cambodia vow to implement cooperation plans under B&R
China approves clinical trial of albumin from rice
Cruise passengers from China rise tenfold in five years
Man saved after 30-minute cardiac arrest