News Details
Breaking: Rich Energy scandal takes a fresh turn
After six years at the helm of Reading FC, Chinese billionaire Dai Yongge is reportedly in the final stages of selling his ownership stake in the League One club. Speculation suggests that the prospective buyer is British businessman William Storey, who has seemingly reached an agreement on a £50 million takeover of the club. Dai Yongge acquired a controlling stake in Reading FC in May 2017, but the club's relegation at the end of the previous season has left it in a precarious financial situation. Storey, a former major investor in the Formula 1 team Haas, is said to be eager to conclude the deal following what have been described as productive discussions. Want to work...
Full Story »
Full Story »
2y ago from Formula1News.co.uk
0
You May Also Be Interested In...
Ex-Haas F1 title sponsor attempting Reading FC purchase
The founder of Rich Energy, the ex-Haas Formula 1 team title sponsor, is...
2y ago from MotorsportWeek.com
Ex-F1 sponsor William Storey set for £50m takeover of...
William Storey is reportedly poised to complete a £50m takeover of...
2y ago from Crash.net
Stroll-Perez nightmares highlighted by stunning Alonso...
Article To news overview © XPBimages Lance Stroll and Sergio Perez were...
2y ago from RacingNews365.com
FIA adjusts financial rules: more money for the...
Good news for the smaller teams in Formula 1. The FIA are adjusting...
2y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 boss defends Franco Morbidelli after...
VR46 Ducati Team Manager Pablo Nieto has defended Franco Morbidelli...
2h ago from MotorsportWeek.c...
Valentino Rossi’s VR46 team launches 2026 MotoGP...
No description available...
5h ago from Motorsport.com
Why Fermin Aldeguer’s injury comes at the worst...
No description available...
3h ago from Motorsport.com
VR46 Ducati launches 2026 MotoGP livery
Pertamina Enduro VR46 Ducati presented its newest livery for the 2026...
5h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
3m ago from Motorsport.com
Escotto confirmed by Juncos Hollinger Racing for 2026...
No description available...
1d ago from Motorsport.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
4d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
KTM star Daniel Sanders snaps collarbone while leading...
No description available...
4h ago from Motorsport.com
Dakar 2026, Stage 10: Mathieu Serradori wins as Nasser...
No description available...
5h ago from Motorsport.com
Dakar 2026, Stage 9: Ford takes 1-2 in overall...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Ex-Red could see 'really good footballer' leaving...
Former Liverpool midfielder Danny Murphy says he could see Ben White being...
3h ago from CaughtOffside.com
Chelsea boss Liam Rosenior set to hold talks with...
New Chelsea head coach Liam Rosenoir is set to discuss with the fringe...
3h ago from SportsKeeda.com
Carabao Cup semi-final against Chelsea is serious...
Morning all. It's a Carabao Cup semi-final first leg at Stamford Bridge...
10h ago from Arseblog.com
Real Madrid are looking at £86m Arsenal star to solve...
Real Madrid are reportedly interested in a move for Arsenal attacker...
5h ago from CaughtOffside.com
Comments
Hottest News
Mercedes reportedly facing issues with their 2026 Formula 1...
As we close in on the start of the 2026 Formula 1... Read More »
2h ago from GrandPrix247.com
Could this be the new Ferrari livery for F1 2026?
After showing off our Red Bull concept livery, we... Read More »
2h ago from RacingNews365.com
Mercedes 2026 advantage in doubt after concerning claim
While the paddock has been whispering for months... Read More »
3h ago from F1i.com
