Supporters Trust at Reading [STAR] have issued their latest update on the club ownership saga following a meeting with former CEO Nigel Howe.

Howe- who is soon set to be banned from football for an FA charge involving Michael Olise's agent- is leading the charge for a new owner after seven years of Dai Yongge degeneration.

In exclusive talks with an unnamed party for two months, concern was raised as a deal remains at an impasse with pre-season quickly approaching.

However, STAR have urged supporters to remain calm as 'talks remain ongoing' over a resolution.

"As Reading fans we are all desperate to see a sale completed," the update said. "We are in a tough position. Discretion is essential at this stage of negotiations, but we also know Reading fans are anxious for updates. This is being made worse by false reporting and inaccurate rumour-mongering.

"We have spoken to Nigel and he has assured us that he is still working on a deal and as soon as there is something to share it will be shared. Put bluntly, there is not yet good news, but - contrary to online speculation - no bad news either. Talks are ongoing.

"We know how desperate we all are for this situation to be over and for everyone to have some clarity going forward."