CholseyRoyal This makes for depressing reading. Its from Sky Germany:-
Despite interest from a considerable number of parties, Loitz is understood to have offered Yongge the highest bid. However, the Chinese owner is not making the process easy, as Loitz explained to Sky Germany:
“Mr. Dai put the club up for sale last year but wants to keep the majority by any means necessary. He is in a hopeless situation, but he doesn’t want to recognise that and is now sabotaging the sale as best he can.”
As well as this, according to Loitz, Yongge would be willing to “stab the interested parties in the back” and keep hold of Reading no matter what. In spite of Loitz having already been given the green light from the English Football League regarding a possible takeover of the club, with Yongge in the way, there is no guarantee the club will ever be sold.
https://www.getfootballnewsgermany.com/ ... eading-fc/
He's an attention seeker. James Earnshaw has already said that his story was nonsense and he never provided proof of funds.