William Storey, the former backer of F1 team Haas, has agreed a £50million deal to buy cash-strapped Reading after talks with the League One club's owner, Dai Yongge
League One outfit Reading are reportedly set to be purchased in a £50million deal by former Formula 1 team backer William Storey.
But Storey, whose energy drink Rich Energy briefly sponsored the Haas F1 team in 2019, has now agreed terms of a takeover with Yongge, according to The Telegraph. He is understood to have bought the club outright, however, the transaction will be subject to approval by the EFL. The Royals are currently third from bottom in League One following a difficult start to the season under new head coach Ruben Selles, who was appointed following his departure from Southampton in the summer.
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