Chinese investors Dai Yongge and Dai Xiu Li have become the majority shareholders at Reading, as the Royals took once step closer to the Premier League.
A statement released by the Royals – shortly after a 1-0 win over Fulham which booked a place in the play-off final at Wembley – confirmed that EFL approval had been granted.
Reading’s existing shareholders will retain a minority stake.
The statement said: “The Dai family are extremely excited about the future of Reading Football Club and would like to take this opportunity to thank all of the club’s players and staff for their hard work so far this season.
“It is an exciting time to be a Reading fan and we are sure you will join us in giving (manager) Jaap Stam and the team all our support ahead of the play-off final at Wembley!
“Since the Dai family’s involvement with the club, they have not only been avid supporters of the Royals in the stands, but they have also contributed financially to the ongoing working capital involved in (the) running of the club.”
Dai Yongge said: “One of my first priorities will be to visit the development site for the new training ground and we also intend to revisit stadium extension plans with the vision of creating world-class facilities at the club.”
Thai shareholder Lady Sasima added: “On behalf of everyone at Reading, I would like to officially welcome the Dai Family to the club.
“Dai Yongge and Dai Xiu Li are clear in their ambition to take Reading Football Club forward and, together, we will work diligently to continue to build a positive, successful and stable future for our club.”