Dai has been disqualified as an owner by the EFLLeague One club faces suspension threat from 5 April
Reading could be thrown out of the English Football League if their owner, Dai Yongge, does not sell the club before 5 April. The Chinese businessman was disqualified as an owner under the league’s owners’ and directors’ test last month, an action made public at commercial court in London on Friday.
During the proceedings, a letter from the EFL was referenced by the lawyer Martin Budworth, who was acting for Dai and Reading, detailing its decision to disqualify Dai. The EFL previously pushed to disqualify Dai after multiple breaches of regulations but was overruled by an independent panel and a financial sanction was imposed.
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