Reading Chief Executive Dayong Pang has warned fans that a sale is still not yet on the horizon in a meeting with the Supporters Trust at Reading [STAR].

Pang, brought into the CEO role by compatriot Dai Yongge, has been one of the key figures running the club from Premier League hopefuls to League One relegation battlers.

Reading requested to meet with STAR and the protest group to discuss ongoing protests and the running of the club.

This took place before Christmas, with Pang (CEO), Graham Odell (CFO), Jackie Evans (Director of Operations & Head of Human Resources), Tim Kilpatrick (Head of Commercial), David Parker (Safety Officer) and Ray Booth (Special Projects Manager) all in attendance.

As per the detailed notes, approved by all parties ahead of publication, Dai Yongge remains intent on selling the club 'in full' but has warned supporters that it 'is not going to be days or weeks.'

The notes made reference to one Letter of Intent being signed, the Reading Chronicle understands that this was with Genevra, but talks have not progressed since this stage.

Graham Odell, the club's Chief Finance Officer, confirmed that five offers were made in December, but only one progressed.

Other key points include Yongge's intentions to fund the club 'until there is a buyer' and the CEO is confident administration will be avoided due to 'reputation.'