May 26, 2014
Russian billionaire Anton Zingarevich is reportedly willing to sell his majority stake in Reading Football Club a cut price after The Royals missed out on promotion to the Premier League. Anton Zingarevich, the son of St. Petersburg-based paper billionaire Boris Zingarevich, has offered his 51 percent share for £1, but the low price tag is somewhat misleading because the new owner would have to take on the club’s £38 million debt, The Independent reported Monday. Zingarevich’s Thames Sports Investments bought a majority share in the club in 2012 and has reportedly invested £25 million since then, the report said.
Russian Billionaire Anton Zingarevich to Sell Reading Football Club for £1
