Wycombe Wanderers have confirmed that a ‘statement is expected to be made shortly’ following the rumours they have purchased Reading’s Bearwood Park Training Ground.

Initially reported by the Athletic on March 13, it is believed the Royals have agreed to sell their state-of-the-art complex to the Chairboys less than five years after opening the facility.

It had cost the former Premier League side approximately £50m to get built, but it has been alleged that the training ground has been sold for roughly £20m to £25.

The news comes as a bitter blow for the Berkshire-based outfit with the training ground being the only viable asset due to their ongoing financial issues.

This comes after owner, Dai Yongge, has stripped the club of any funding since he purchased the Royals in May 2017.

His disastrous leadership over the last seven years has seen Reading lose the Championship play-off final to relegation to League One in just six seasons.

Additionally, with the club flirting with relegation to League One, Reading has been with multiple winding-up petitions, late wages, missed tax payments and points deductions. 

Coupled with the imminent sale of the club's training ground to their Thames Valley rivals, the Royals are once again left with financial uncertainty. 

Both clubs have been approached for comment with a statement expected to be made shortly.

The news is set to be confirmed on March 14 with a price tag of £22m being agreed.