On 21 January 2012 it was reported that Madejski planned to relinquish control of the club by selling a 51% stake for £40 million to Thames Sports Investments, a Russian consortium headed by Anton Zingarevich.
He sold a controlling share of the club in the summer of 2012 but he remains Co-Chairman at the club and will go on to become Life President at Reading. Away from football, Sir John Madejski is an extremely successful businessman and much-admired philanthropist.
He came up with the idea whilst reading one on holiday in Florida and decided to take the concept to the UK with The Thames Valley Trader. Eventually the idea was pared down to just selling cars and became Auto Trader, a brand that was soon franchised worldwide and allowed Madejski to found a publishing empire.
Rob Couhig has agreed a reported £25 million deal to purchase League One side Reading from controversial owner Dai Yongge. The Royals have endured well-documented hardship under Yongge's ownership, having been up for sale for nearly 600 days amid a number of protests from supporters in a bid to save the club.
ROB COUHIG has agreed a £25million deal to buy Reading and save the club from administration. The former Wycombe owner has revived a takeover offer he made to Reading owner Dai Yongge last summer after a rival bid from Robert Platek collapsed earlier this week.
In 1998, the club moved to the new Madejski Stadium, which was named after the club's former chairman Sir John Madejski. In 2021, the club announced that the ground would be known as the Select Car Leasing Stadium for the subsequent decade for sponsorship reasons.
Selles decided to leave Reading in December to take over at Hull with the task of trying to keep them in the division. Reading were in 6th position when Selles left and now have the chance to finish in the final play-off spot under Noel Hunt on the final day of League One this weekend.
Rob Couhig has finalised an agreement to purchase Reading FC, acquiring ownership from Dai Yongge in a deal that includes the club's stadium and training ground.
Now, a decade after it was mothballed by the Ministry of Justice, the former HMP Reading has finally been sold to a non-profit educational foundation for £7m, the government has confirmed. Details are limited about the buyer, Ziran Education Foundation, or its plans for the prime town centre site.
The club has net financial liabilities of £36.4m, up by less than £2m. To achieve this new shares have been issued to the tune of £28m (on top on nearly £16m in 2018) and an increase in borrowings of £6.5m.
Liverpool's current owners Fenway Sports Group (FSG) bought the Reds for £300 million in 2010 and is now estimated to be worth more than 10 times that amount - £4.3 billion - by Forbes, making it the fourth most valuable club.
Founded in 2006, Redwood Capital Investments is a family office for, Jim Davis cofounder of Allegis Group, based in the United States that provides portfolio management, financial planning and investment advisory services to its clients.
