Club statementChairman Sir John Madejski is delighted to welcome Khunying Sasima Srivikorn to Reading Football Club.
Khunying Sasima is leading a consortium who have agreed a partnership with Sir John to take Reading Football Club forward.
Sir John said, "I am delighted with these developments and would like to officially welcome Khunying Sasima to Reading Football Club.
"The Club were not intending to make any comment until all the formalities have been completed, but for the sake of clarity we believe it is in everyone's interest to release this statement now.
"Upon the completion of all the necessary procedures we will of course update everyone further, and in the meantime I am sure you share my excitement at the possibilities ahead."
Khunying Sasima said, "I am absolutely delighted to be entering into this partnership with Sir John, and working with a club with such a strong reputation.
"I and my fellow investors look forward to supporting Sir John and working toward a successful future together.
"We still have some formalities to complete and plenty of work ahead of us – but we are excited about what lies ahead.