Former Crystal Palace owner Simon Jordan believes that Reading are a 'decent buy' but has ruled himself out of making an attempt to takeover the club.

Jordan, who made his money in the mobile phone industry, spent a decade with the Eagles before having to put his boyhood club into administration following the 2008 financial crash.

Now a popular pundit on TalkSport, the topic of the Royals was thrown at him after he made clear his admiration of Coventry City last season.

Reading Chronicle:

However, the multi-millionaire has ruled himself out of taking over from Dai Yongge.

Supporters have campaigned for Yongge to sell the club as a fourth winding-up petition looms and 16 points have been deducted in just three years.

"Not particularly [interested in buying the club]," he said. "During the time that John [Madejski] ran it, they were a well-run football club. A strange fella was John, but notwithstanding that he produced a decent football club.

"He built a decent football club in a smaller part of the football family, in terms of Reading and that neck of the woods. And turned them from where they played at Elm Park to the Madejski Stadium. They had a decent tilt at it."

Despite ruling himself out, he did believe that it was an opportunity for someone.

"It is a decent buy for someone who wants to buy a football club for reasons of building it up to give itself a chance."