John Madejski: Prospective new Reading owners have 'very big hearts'

Madejski Reading

Royals chairman John Madejski has urged fans to remain patient while the Thai takeover of the club is finalised.

The English business, who has been in charge of Reading for 24 years, will see his reign come to an end when he sells 90% of the club to a Thai consortium led by Khunying Sasima Srivikorn.

The deal has been on the cards since the summer, and the prospective owners have already shown their backing for the club, providing manager Nigel Adkins with the funds to strengthen during the transfer window, with Anton Ferdinand, Simon Cox and Jamie Mackie leading the host of arrivals at the Madejski Stadium.

Despite the deal being on the cards for a long time, the Football League have yet to approve the takeover, although Madejski is convinced that it is just a matter of time until approval is warranted.

Speaking to the Reading Chronicle, the 73-year old said: “We’re getting there. There is nothing in tablets of stone yet, but there will be.

“It just takes time and that’s all I can say really. It’s very difficult when our owners live the other side of the globe.”

Speaking about the potential owners, Madejski is fully confident that they are the perfect people to continue the great work he has done with Reading.

"They have been terrific. They are decent, lovely people and I have enormous respect from them.

“I had a lovely email from Khunying Sasima Srivikorn recently asking how everything was going and saying how excited she was.”

“What we have to appreciate is there is a different mentality in Thailand. We like to get things done yesterday over here, yet they take their time, which is great.

“I’ve said it before, they have a different modus operandi which is rather refreshing because it’s not as frenetic. I kind of like it.

“They all have very big hearts and they just want to get it done. They are ambitious people and they’re doing the best they can.”

Having been the subject of a failed takeover attempt earlier this year, the club reportedly have considerable debt - which the consortium have promised to wipe out upon the confirmation of their ownership.

Having had to transfer list and sell a number of high profile players last season, the consortium’s decision to back Adkins during the transfer window has allowed him to strengthen the squad to a level where promotion is a real possibility.

Register for HITC Sport - Daily Dispatch