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
Joan Mir fears early silly season could leave MotoGP...
No description available...
4h ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
1d ago from MotorsportWeek.c...
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
1d ago from Motorsport.com
Why Toprak Razgatlioglu is slower than he expected
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon to be inducted into IMS Hall of Fame
The Indianapolis Motor Speedway Museum has announced today that IndyCar...
2h ago from MotorsportWeek.c...
Jacob Abel prioritizing IMSA effort but still desires...
No description available...
3h ago from Motorsport.com
IndyCar Sebring test Day 1: Alex Palou tops the speed...
No description available...
19h ago from Motorsport.com
Kyle Kirkwood: Andretti “not too far off” from...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
6h ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
5d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool eye midfield fix with £100m Arsenal and Man...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
2h ago from CaughtOffside.com
Euro giants line up move for Arsenal star amid...
AC Milan are already planning for a significant overhaul of their...
4h ago from CaughtOffside.com
Chelsea ‘advancing' in talks to sign striker who...
Chelsea are stepping up their pursuit of Julián Álvarez, with fresh...
12h ago from CaughtOffside.com
Man United & Arsenal target is interested in a...
Sandro Tonali’s future is attracting attention ahead of the summer...
12h ago from CaughtOffside.com
Comments
Hottest News
F1 fans slam Aston Martin launch as 'embarrassment' and...
Aston Martin F1 fans who believe in dire... Read More »
6h ago from GPFans.com
F1 Testing 2026: Bahrain schedule, start times and how to...
F1 testing in 2026 gets under way for real in... Read More »
1h ago from GPFans.com
Lewis Hamilton team member announces switch to Aston Martin
A member of Lewis Hamilton's team has taken to... Read More »
33m ago from GPFans.com
