Reading Have New Owners - Takeover Finally Completes

Reading's long running ownership saga is finally at an end with the official announcement today that the club have new owners. The sale has finally completed and Dai Yongge, who took the club on a steady downward spiral after taking ownership in 2017, will no longer be involved in the club. Reading's new owner is effectively former Wycombe Wanderers owner Rob Couhig whose previous attempt to purchase the club last year fell through. This time the sale has successfully completed:

The Club are pleased to announce that Redwood Holdings Limited – a subsidiary company of Dogwood LLC, owned by Rob Couhig and Todd Trosclair of New Orleans, Louisiana – has completed the acquisition of 100% of the shareholding in Reading Football Club.

The new owners will take on the complete package of the football club, the Select Car Leasing Stadium and Reading FC's Bearwood training ground. All these assets pass from Dai Yongge to the new owners.

Rob Couhig has been confirmed as Reading's new Chairman.

The takeover has EFL clearance and approval.

Hopefully the club can now move on without the shadow of transfer embagos and points deductions that have hung over the club during recent seasons. After an impressive season under Noel Hunt, that included an unexpected seventh place finish, we should be well placed to build on this next season with the aim of returning to the Championship.