Process to sell Reading 'remains ongoing'

Reading are seventh in League One despite their off-field uncertainties

Reading have said the process to complete a sale of the League One club "remains ongoing" almost two months on from their previous update on a potential takeover.

After Rob Couhig's attempt to purchase the Royals fell through in September, the club revealed in October they had entered a period of exclusivity with a new unnamed party.

"In the previous statement it was confirmed negotiations had begun with a party looking to purchase the club, this process remains ongoing," a club statement said.

"The transaction has proved to be a complicated and lengthy process - however, despite these obstacles, both the selling and buying parties remain committed to complete at the earliest opportunity.

"The club understands our supporters' eagerness for a resolution to the ongoing sales process. We are committed to providing updates when substantive information is available, or at least monthly until the sales process is complete."

Despite their off-field frustrations, Reading have impressed on the pitch this season, currently seventh in a congested League One promotion picture where just six points separate eighth from third.