Reading legend Shaka Hislop has admitted that he is 'concerned' about the progress of the takeover at the club following the collapse of Rob Couhig's attempted buyout.

The 75-year-old American lawyer, who owned Wycombe Wanderers, had spent months funding the club and was thought to be set to complete a takeover of the club from the much-maligned current chief Dai Yongge.

Two weeks ago, news broke that Couhig was paid back in full and the matter was considered closed according to former CEO Nigel Howe.

Hislop, a current ESPN pundit, broke through in English football with Reading in the mid-1990s and was a near-ever-present during the club's rise from League One to the brink of the Premiership.

The goalkeeper went on to enjoy a top-flight career with Newcastle United and West Ham United.

Speaking to the 1871 Podcast, Hislop said: "I’ve followed as best I can the ownership issues over the last 18 months and the frustrations with that- the too-ing and fro-ing and flirtations with receivership. Given the prospective buyers’ history in the game, I thought it was a done deal and a matter of time. When he pulled out, that was a red flag to me and really concerning.

"We are all very partial to Reading Football Club. Maybe we see this as a more attractive proposition than just a regular businessman would because we are fans, and we have an affinity with the football club. For me, it’s an incredible club and an incredible opportunity for anybody so to see this scenario play out as long as it has is concerning. I also have to recognise my own bias in that regard."

Reading are funded for the coming months but are still on a quick search for a new buyer to take the club out of Yongge's hands for the future.