LONDON — Chinese investors who failed in their bid to buy Hull City last year have succeeded in taking over Reading, who are one win away from the Premier League. The Premier League, who give their opinion on takeovers of clubs who could gain promotion, have been reported to be "cautious" about the Chinese siblings. However, the English Football League, who oversee the Championship, League One and League Two, said they would not block the deal. They will learn later Wednesday if their opponents in the final — the winner of which is promoted to the Premier League — are Sheffield Wednesday or Huddersfield Town. The siblings are the latest Chinese investors to take control of a Championship club but the only ones with a chance of gaining immediate reward to the Premier League.

Source: The China Post May 17, 2017 11:03 UTC