Reading will be back in Premier League says owner Anton Zingarevich

Owner Anton Zingarevich insists Reading are strong enough financially to cope with their relegation to the Championship.

The club's one-year stay in the Premier League came to an end on Sunday when they drew 0-0 with Queen's Park Rangers, who were also relegated. Their failure to stay up means they will not be part of the bumper new TV deal, which will see every top-flight club be given £14m more per season.

But Zingarevich said: "We are in a good place financially. The club was run in a prudent way before and that is how it will be run in the future. Obviously the new TV deal would have helped, but we will come back in 12 months."