Zingarevich takes control of Reading
Wednesday 30 May 2012
Anton Zingarevich completed his takeover of Premier League newcomers Reading yesterday.
The Russian businessman agreed to buy a 51 per cent stake from John Madejski in January through Thames Sport Investment, owned by Zingarevich. The deal had been expected to be finalised in March but, after delays, went through yesterday, six weeks after manager Brian McDermott guided the club to promotion from the Championship.
A Reading statement said: "The club and TSI would like to thank the Premier League and Football League for their assistance, and we enter another bright new era for our historic club."
Latest in Sport
- 1 Planes go hybrid-electric in important step to greener flight
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader