Former Reading chairman Roger Smee is considering making a last-ditch attempt to rescue the club from the ownership of Dai Yongge. 

The 76-year-old property tycoon, who also played for Reading in the 1960s and 1970s, is already a hero among older fans for helping to block Robert Maxwell’s proposal to merge the club with Oxford United when he was on the board in the 1980s.

Smee went on to become Reading chairman after ousting Maxwell, before selling up to John Madejski in 1990 with the club in financial difficulties. 

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