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£55m loan so vital in fate of Reading Football Club

FEARS for the future of Reading have intensified after it emerged that Rob Couhig’s attempted takeover collapsed due to an outstanding £55m loan.
£55m loan

LEAGUE ONE
By Chris Dunlavy

NO DEAL: Rob Couhig

FEARS for the future of Reading have intensified after it emerged that Rob Couhig’s attempted takeover collapsed due to an outstanding £55m loan.
The loan from Haitong International Securities (HIS) was taken out in 2018, and legal documents show that the state-backed investment bank has the right to take ownership of Reading’s stadium if the money is not repaid when the club is sold.
Royals owner Dai Yongge did not disclose this information to Couhig or the EFL at the start of negotiations, and it only came to light when HIS successfully ...

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