Reading are mulling over a £30m+ bid from a US-Saudi consortium headed up by former QPR striker Marc Bircham, the Reading Chronicle understands.

The long and complicated saga of ousting current incumbent Dai Yongge has hit its 12th month after a year of late wages, missed tax payments and transfer embargoes.

There was hope back in March that the future of the club would be secured by pre-season after the Royals entered a period of exclusive negotiations with an unnamed party.

However, the club have since alerted supporters and interested parties alike by confirming exclusivity has expired and they are open to offers.

The Reading Chronicle understands that while negotiations remain ongoing with the party that previously had exclusivity, known only as Chiron, another large bid has been formally submitted to Yongge.

Lodged on Friday, the Reading Chronicle understands that it is in the region of £30m-£35m, which would make it the largest financial package currently on the table.

It is believed to be headed up by former Canada international Bircham, who has been spotted at multiple Reading games this season and has held long-term interest.

The club have stated that they remain in dialogue with multiple parties.