Reading boss Nigel Adkins has dismissed shortening odds on him taking the vacant managerial post at West Bromwich Albion as "bookies' speculation".
sacked Steve Clarke in December
with the club two points above the Premier League relegation zone.
But Adkins, 48, said he was totally focused on getting Reading's faltering promotion challenge back on track.
"A chancer puts on £25 and the bookie takes the odds all the way down," Adkins told
BBC Radio Berkshire.
Reading manager Nigel Adkins
“It's frustrating at the moment because we're not used to losing games of football, but all you can do is keep working very, very hard”
The Royals have won only one of their last six league games and slipped to ninth in the Championship.
"All my focus and energies are on trying to do what's right at Reading Football Club," Adkins said.
"There's a lot going on behind the scenes to get the future right, and obviously we're in the transfer window now, indicating there's a lot going on because we've got to get our league campaign back on track."
With reports that majority owner Anton Zingarevich is ready to sell up, Reading have been looking for new investors for several months and have held talks with more than one party.
A bid from an American consortium
is believed to be imminent.
The uncertainty means it is unclear whether Adkins will be given the funds to strengthen his squad during the current transfer window, something he would clearly like to do.
"It's plain a little bit of business was done very early in the last transfer window, in terms of
coming in," Adkins continued.
"We have speculation about potential investment, and that's been there for a while now. From my point of view I just have to endeavour to keep getting the best out of the players we have got.
"It's frustrating at the moment because we're not used to losing games of football, but all you can do is keep working very, very hard.
"It's been interesting since we joined the football club, but I know Sir John Madjeski and the board are working extremely hard for what is right for the football club, as we all are.
"We want to do well here and I'm sure during the course of this month things will be resolved and we give ourselves an opportunity to climb the league table. All being well there'll be stability."