Sagi in talks for Reading takeover

Israeli billionaire Teddy Sagi is one of the front-runners to buy Championships side Reading.

The 41-year-old is reportedly the preferred choice of the board and he would bring real estate plans to the table with his bid, including building a shopping centre on the car park at Madejski Stadium.

Sagi has also agreed to continue working with the board should his bid be given the green light, but would be expected to pay off the club’s £21m debt on top of his £1 purchase.

    Last updated: 10:40am, May 30 2014