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Hated former Newcastle owner Mike Ashley keen to buy EFL stadium as he looks for way back into football


Hated former Newcastle owner Mike Ashley keen to buy EFL stadium as he looks for way back into football

Making a Comeback

Former Newcastle owner Mike Ashley is reportedly interested in taking an interest in Reading, but not as the club's owner. Instead, Ashley is said to be eyeing the opportunity to buy the Madejski Stadium, as he seeks a return to the world of football following his departure from Newcastle.

Investing in Stadiums

Ashley has already dipped his toes into the stadium business, having purchased Coventry's CBS Arena last year. Now, he is considering investing in Reading's 24,200-seater arena, much like he did with Coventry. This move comes as Ashley looks to make a mark in the football industry once again.

Struggles on the Field

Reading, currently playing in League One after being relegated from the Championship last season, is going through a tough period. The club sits second-bottom of the table, with only five wins in 18 games. Additionally, they have been hit with a four-point deduction this season due to financial breaches.

Looking for a Revival

With Ashley's potential investment in the Madejski Stadium, Reading fans may hope for a revival both on and off the field. The billionaire businessman's previous involvement with Coventry shows that he is willing to support clubs through financial difficulties and help them climb up the ranks.



courtesy of thesun.co.uk

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