Reading sale jeopardised by owner Dai Yongge’s £55m debt to Chinese bank

Claudio Ctin6 hours ago4 hours ago1 mins

Bank understood to have blocked sale to Rob CouhigDocuments show unpaid debt secured against stadium

The Reading owner Dai Yongge’s repeated attempts to sell the club are being jeopardised by his failure to repay previously undisclosed debts of more than £55m to a state-backed Chinese bank, according to documents seen by the Guardian.

A loan from Haitong International Securities caused the collapse of a £30m takeover by Rob Couhig last month, with documents showing the investment bank has the right to take ownership of Reading’s stadium if it is sold without the debt being repaid.

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