Reading acquisition complete as a Club Release statement after he has been stored by Brink

The acquisition of reading FC is officially completed.

Redwood Holdings Limited has finally put pen on paper on a deal in which they are 100 percent of the League One club.

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As a result, Rob Couhig – the owner of the company – becomes chairman.

Co-owner Todd Trosclair arrived at the board with immediate effect.

An explanation was: “The club is pleased to announce that Redwood Holdings Limited – a subsidiary of Dogwood LLC, owned by Rob Couhig and Todd Trosclair of New Orleans, Louisiana – completed the acquisition of 100% of the football club share.

“The acquisition, which has received EFL Clearance, completed very early on Wednesday morning and includes the Select Car Leasing Stadium and Bearwood Park Training Ground.

“Both Couhig and Trosclair will join the club’s board immediately, with Rob Couhig being mentioned as chairman.”

It concluded: “Redwood is ambitious and dedicated to the club that returns to its rightful place within the English football pyramid, while adhering to the principles of honesty, transparency and financial sustainability.

“Further communication from Redwood will follow in due course.”

Reading were About to bust Before the acquisition was confirmed.

Former owner Dai Yongge bought a 75 percent interest in the club eight years ago, but soon became responsible for a series of financial problems.

As a result, the royals were affected with various points deduction points and they were degradation of the Championship in 2023.

The drop to League One brought Dai to give the reading for sale.

Couhig showed an interest in taking over Earlier this year.

By the time it was completed, the club had been for sale for more than 600 days.