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EFL statement: Reading

17 May 2017

The EFL can confirm that they have no objections to the change of control application made by Reading.

Following a full review of the transaction, the EFL has insisted upon - and the club/new owners have agreed - to a number of additional reporting requirements including enhanced financial monitoring, so as to ensure that their performance is consistent with the application we have considered.

We would like to wish the new majority shareholders Mr Yongge Dai and Miss Xui Li Dai the very best of luck in their future endeavours with the club.

We will be making no further comment.

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