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Sky Sports understands a British consortium was overlooked in the battle to secure a takeover of Reading.
Morgan Schneiderlin may snub Arsenal to join Spurs, who are chasing Shakhtar Donetsk playmaker Douglas Costa, and Chelsea want Raphael Varane.
Reading have named midfielder Jem Karacan as their new club captain for the 2014-15 Sky Bet Championship season.
Pavel Pogrebnyak was on target as Reading drew 1-1 with Yeovil in their pre-season friendly at Huish Park.
Sky Sources have confirmed that Samrit Bunditkitsada's takeover at Reading has been completed.