READING - The Berks County Convention Center Authority and SMG announced Tuesday the completion of the sale of the East Coast Hockey League's Kelly Cup champion Reading Royals to a new ownership group of Jack Gulati and Fidelity Investment Corporation.
The sale, whose financial terms were not reported, allows the team to remain in Reading, which was a condition of the purchase by the new ownership group. The team will continue to play its home games in Santander Arena.
The ECHL Board of Governors has approved the purchase.