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
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
3h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
8h ago from Motorsport.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
1d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
1d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
2d ago from Motorsport.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
6h ago from CaughtOffside.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
4h ago from SportsKeeda.com
Contact made: Berta leading talks as Arsenal prepare...
Arsenal are looking to improve the midfield unit with the signing of...
6h ago from CaughtOffside.com
Everton 0-1 Arsenal: Gyokeres penalty sends Gunners...
Match report – Player ratings – Arteta reaction – Video...
8h ago from Arseblog.com
Comments
Hottest News
Gasly on the friendship and fallout behind his rivalry with...
Pierre Gasly speaks about Esteban Ocon with the... Read More »
39m ago from F1i.com
F1 News Today: Lewis Hamilton replacement 'chosen' as...
Former Ferrari F1 team principal Maurizio... Read More »
2h ago from GPFans.com
Why Toto Wolff expects new 2026 F1 cars to be...
Mercedes boss Toto Wolff has looked ahead to the... Read More »
1h ago from MotorsportWeek.com
