Reading Royals To Be Sold To Berks Businessman

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

The Reading Royals will be sold to Berks County businessman Jack D. Gulati, officials involved in the deal announced today.

Gulati said he plans to keep the Kelly Cup winners in Reading and based out of the Santander Arena.

He has agreed to buy 100 percent of the team shares. Ownership had been split between the Berks County Convention Center Authority and SMG, the company that operates the arena.

The sale is contingent on EHCL, formerly East Coast Hockey League, approval.

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Stokesay Castle Savior Recounts Memorable Career

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

The bolt of lightning that lit up Stokesay Castle just before Christmas in 1991 was invisible to everyone except the first-time visitor who experienced it.

It was a brilliant, internal flash of recognition that took place in the mind of Jack D. Gulati.

A veteran buyer and seller of businesses who had immigrated to the U.S. from India as a teenager, Gulati had learned to profit from such moments.  He had experienced many.  Like all the other times, as he absorbed the hulking medieval-style grandeur of Stokesay, he saw two simple things.

Value and possibility.

Read more:  http://readingeagle.com/article.aspx?id=478200