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Reading FC Acquired by American Owners Redwood Holdings After EFL Approval

Rob Couhig named Chairman as the takeover includes key assets, ending Dai Yongge's turbulent ownership marked by financial crises and fan protests.

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Overview

  • Redwood Holdings Limited, owned by Rob Couhig and Todd Trosclair, has completed a 100% acquisition of Reading FC following final clearance from the English Football League (EFL).
  • The sale includes the Select Car Leasing Stadium and Bearwood Park Training Ground, securing critical infrastructure under the new ownership.
  • Rob Couhig has been appointed Chairman, with both Couhig and Trosclair joining the club's board immediately.
  • The new owners have pledged to rebuild the club's standing in the English football pyramid through principles of transparency, honesty, and financial sustainability.
  • The takeover concludes a contentious era under Dai Yongge, whose tenure saw financial mismanagement, points deductions, and the withdrawal of the women’s team, prompting widespread fan protests.