The majority of the successful 2006 team were retained for the 2007 season, but crowds dropped alarmingly, with some meetings being witnessed by less than 900 fans. This led to BSI deciding to put the club up for sale mid-season, which resulted in the club being purchased by Swindon-based businessman Mark Legg, who appointed ex-rider Malcolm Holloway as his co-promoter, with the astute Tim Sugar returning as Team Manager, whilst the club's press officer and webmaster Andy Povey was appointed to head up rider recruitment, marketing and commercial activities. It was confirmed at the time of the takeover that Reading would see out the remaining fixtures of the 2007 season in the Elite League.
