Russian takeover of Reading FC finally confirmed
May 29, 2012
Reading Football Club have announced that the 51 per cent sale to Thames Sports Investment, owned by Anton Zingarevich has now been completed, complying with all Premier League and Football League requirements.
Four additional directors, Anton Zingarevich, Christopher Samuelson, Andrew Obolensky and chief executive Nigel Howe have been added to the board chaired by Sir John Madejski. Ian Wood-Smith remains a director.
Speaking in January when the deal was first announced, Sir John said that he couldn’t be happier.
“This fit is so good it is not funny,” he said. “Not only does Anton come from a very wealthy family, but he was also educated in the area.
“He has a great love for the club and football and it’s a match made in heaven. I couldn’t think of a better partner to have than TSI."
The deal was originally due to be completed by March 31.