Why do you think he would? Given the shameful treatment of McDermott Reading appear to be nothing more than a rich man's plaything. Also Gus has been in on the development of the modern-day Albion from the beginning, whereas Reading are already quite established.
I have no doubt that Gus will...
1. Not sure he is too fussed about that.
2. We have a rich owner well placed to take advantage of FFP in the championship or use PL money if we are promoted. If Reading go down they have to work within FFP so extra cash from the Russian doesn't come into it.
3. Not yet anyway.
4. He has total...
The OP is spot on. Whilst I think it's believable that Reading want Gus, there is no way he would see it as an upward move. I cannot think why Gus would seriously consider this job at all.