In further bad news for Reading there seems to be a deal agreed for a £50m takeover by William Storey, Those of you not familiar with William Storey he is a failed businessman, one of his businesses Rich Energy failed with assets of £1.7k and unsecured debts of £60m. He has been called a liar by a High Court judge and has from time to time popped up as a potential bidder for troubled football clubs.
This won't happen it is a complete waste of everyone's time and is a measure of how desperate Reading's plight is. While we are number of steps away from being in this position ourselves unless we get a serious bid in the next 12 months we will be a lot closer to being the target for absolute chancers such as Storey.
