Former controversial Bolton Wanderers owner Ken Anderson is the latest name linked with the Reading takeover saga, according to national reports.

The British businessman reportedly saw eight companies go bankrupt and was banned from owning a club in 2005 but first became involved with the Trotters in 2013.

First owning a stake in 2016, Wanderers fell from the Championship into League Two under his stewardship, with similar financial crises to what Reading currently face.

Multiple winding-up petitions, missed wages and bills followed until he eventually sold up in 2019 at the last minute.

John Percy of the Telegraph reports that: "Former Newcastle owner Mike Ashley has made an offer, while there are suggestions of interest from American investors and a party linked to Ken Anderson, the ex-chairman of Bolton Wanderers."

The Reading Chronicle were told last week that four bids are on the table and that the decision over exclusivity now sits with owner Dai Yongge.

READ MORE: Reading FC remain hopeful of exclusivity as four bids made

Staff had hoped it would be agreed by the beginning of this week, however, a decision is yet to be made.

HMRC are due to be paid this week, with the Royals already being punished this season for late payment of tax.