Reading hit by fresh EFL transfer embargo but in talks with new buyer

Reading have entered into a new period of exclusivity with an unnamed buyer – on the same day the club has been handed a fresh transfer embargo by the English Football League.The stricken League One club has suffered from fines, points deductions and fan protests during Dai Yongge’s tumultuous reign as owner and had a previous transfer ban lifted in August 2023.In a statement on the club’s website,, external Reading said the new embargo was due to “the late filing of financial accounts to Companies House, and relates to the 2022-23 accounting period”.Reading added they believed the embargo would be lifted once the overdue accounts are finalised, which they hoped would happen “at the earliest opportunity”.The Royals were relegated to League One in 2022-23 and have been deducted 18 points overall during Chinese businessman Dai’s tenure as owner.A deal for former Wycombe Wanderers owner Rob Couhig to buy the club fell through last month after an agreement could not be reached.”The…