Soccer-Reading agree sale terms as EFL extends takeover deadline

FILE PHOTO: Soccer Football - League One - Reading v Derby County - Madejski Stadium, Reading, Britain - January 23, 2024 General view inside the stadium before the match Action Images/Andrew Boyers/File Photo

(Reuters) - Reading have agreed terms over the sale of the club, the League One (third-tier) outfit said on Tuesday, as the English Football League extended the deadline for closing the deal to May 5.

It is the second time the EFL has pushed back the deadline to complete a takeover since the club's Chinese owner Dai Yongge was ordered to sell the club after being disqualified under the EFL's owners' and directors' test last month.