Photo: Mike Ashley. Credit: BBC

 There are at least two possible bids for the former Premier League team Reading, including former Newcastle owner Mike Ashley.

The Telegraph reports: “Reading owner Dai Yongge has flown into England for crucial takeover talks, in a major development for the crisis hit League One club.

“Yongge is assessing a number of offers to buy the club and is expected to make a decision on a preferred bidder early next week.

“Former Newcastle owner Mike Ashley and Genevra Associates, an investment group based in Luxembourg, are understood to be two parties interested in acquiring the club, who are currently bottom of the third tier.

“Yongge is under huge pressure to sell up and the next few days are regarded as vital for Reading’s short-term future.”