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Reading sale progressing towards completion - EFL

Reading flagImage source, Rex Features
Image caption,

Reading finished seventh in League One this season, just missing out on the play-offs

  • Published

Reading's takeover "continues to progress towards completion" the English Football League has said in a statement.

A deal in principle was announced on 3 May between current owner Dai Yongge and Rob Couhig's Redwood Holdings.

The EFL deadline for the deal expired on Monday at 17:00 BST and the statement added they had "received further documentation over recent days".

"A further update will be shared in due course," the short EFL statement concluded.