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Former Reading owner Sir John Madejski says the club must rise like a phoenix from the flames, as it fights to avoid administration. A deal to sell their training ground to Wycombe broke down yesterday, meaning they face a shortfall of around a million pounds to pay this month’s wages.
Reading have been handed points deductions in recent seasons due to the financial issues surrounding the club's current owner, Dai Yongge, and are currently seven points above the relegation zone in League One.
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