News Details
Breaking: Rich Energy scandal takes a fresh turn
After six years at the helm of Reading FC, Chinese billionaire Dai Yongge is reportedly in the final stages of selling his ownership stake in the League One club. Speculation suggests that the prospective buyer is British businessman William Storey, who has seemingly reached an agreement on a £50 million takeover of the club. Dai Yongge acquired a controlling stake in Reading FC in May 2017, but the club's relegation at the end of the previous season has left it in a precarious financial situation. Storey, a former major investor in the Formula 1 team Haas, is said to be eager to conclude the deal following what have been described as productive discussions. Want to work...
Full Story »
Full Story »
2y ago from Formula1News.co.uk
0
You May Also Be Interested In...
Ex-Haas F1 title sponsor attempting Reading FC purchase
The founder of Rich Energy, the ex-Haas Formula 1 team title sponsor, is...
2y ago from MotorsportWeek.com
Ex-F1 sponsor William Storey set for £50m takeover of...
William Storey is reportedly poised to complete a £50m takeover of...
2y ago from Crash.net
Stroll-Perez nightmares highlighted by stunning Alonso...
Article To news overview © XPBimages Lance Stroll and Sergio Perez were...
2y ago from RacingNews365.com
FIA adjusts financial rules: more money for the...
Good news for the smaller teams in Formula 1. The FIA are adjusting...
2y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin not thinking about MotoGP title despite...
No description available...
17h ago from Motorsport.com
Aprilia: Marco Bezzecchi coping well with pressure but...
No description available...
21h ago from Motorsport.com
Iker Lecuona returns to MotoGP to replace Alex Marquez
No description available...
2d ago from Motorsport.com
Francesco Bagnaia hopes Mugello podium marks end of...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward finding consistency amid Arrow McLaren...
No description available...
13h ago from Motorsport.com
Graham Rahal rebounds from early hit-and-spin to take...
No description available...
2d ago from Motorsport.com
Graham Rahal fumes over ‘completely unnecessary’...
On Sunday’s race in downtown Detroit, it seemed that Graham Rahal was...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg highlights area he must “work on”...
No description available...
21h ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1d ago from Motorsport.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal offered 60m forward transfer, Man...
One big name looks set to be available for around 60m this summer, and...
24m ago from CaughtOffside.com
Fabrizio Romano confirms Arsenal 'pushing' to complete...
Arsenal are reportedly 'pushing' to advance a transfer move for Leicester...
2h ago from CaughtOffside.com
Decision soon on 'fantastic' Arsenal & Chelsea...
Real Madrid president Florentino Perez has spoken out on the future of...
2h ago from CaughtOffside.com
'Contact' made – Real Madrid ask about 'very...
Real Madrid have reportedly recently made contact over the potential...
2h ago from CaughtOffside.com
Comments
Hottest News
The real Michael Schumacher: F1 legend's generosity did not...
On track Michael Schumacher was a hard-nosed... Read More »
54m ago from GPFans.com
Shorter Monaco Grand Prix the ultimate F1 sprint race
The Monaco Grand Prix is an outlier in the world... Read More »
44m ago from RacingNews365.com
Parc Ferme: Formula 1’s spiritual home
This weekend marks the 72nd running of the Monaco... Read More »
1h ago from GrandPrix247.com
