Redwood Holdings Limited vow to return Reading ‘to its rightful place in English football' after completing takeover

New York Times

14-05-2025

Reading have announced that Redwood Holdings Limited has completed its takeover of the club.
Both the English Football League (EFL) and the League One club confirmed that an agreement in principle had been reached on May 3.
Redwood Holdings Ltd is a subsidiary of Dogwood Football LLC, which is owned by Rob Couhig, an American lawyer who previously owned fellow League One side Wycombe Wanderers. Couhig's investment will be made alongside business partner Todd Trosclair.
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A statement from the club read: 'The takeover, which has received EFL clearance, was completed very early on Wednesday morning (May 14) and includes the Select Car Leasing Stadium and Bearwood Park Training Ground.
'Both Couhig and Trosclair of New Orleans, Louisiana, will join the club's board with immediate effect, with Couhig being named as chairman.
'Rob is an investor, lawyer, and entrepreneur who is the former owner of Wycombe Wanderers Football Club and the New Orleans Zephyrs – his hometown baseball team.
'Todd is the owner of All Star Electric, one of the largest and most respected electrical contractors on the USA's Gulf Coast, and a successful investor within the real estate and hospitality sector. He is also the founder of the All Star Foundation which contributes to various charitable initiatives.
'Redwood is ambitious and dedicated towards the club returning to its rightful place within the English football pyramid, while adhering to clear principles of honesty, transparency, and financial sustainability.'
Amy and I are thankful to be in a partnership with Rob and Missy Couhig! It's Rob's tenacity that has gotten through this last year. We are all very excited to be a part of the Reading family and we will be attending many games. #RCouhig @ReadingFC pic.twitter.com/aNwuScl7uf
— Todd Trosclair (@ToddTrosclair) May 14, 2025
Redwood's acquisition of Reading ends Dai Yongge's controversial eight-year ownership of the club, which has included multiple points deductions and relegation from the Championship.
The Chinese businessman has been disqualified under the EFL's owners' and directors' test and was given until May 8 to divest his interests in the club.
In June 2024, Reading were forced to withdraw from the Women's Championship for the 2024-25 season due to financial issues, being demoted to the fifth tier of English women's football.
Reading's 4-2 home defeat to Barnsley on May 3 meant that they finished in seventh position in League One, three points off securing play-off qualification.