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I should leave this bit to the accountants really, but I thought I heard their debts were £21million. If he paid £35m it could be some capital for investment, either in players or tarting up the hotel attached to the stadium.

The new owner has paid one pound for the club, but taken on all the existing debts. I guess if he writes these off Reading will be laughing, but if he charges 10% interest on his loans they may be crying.