Latest news with #ToddTrosclair
Yahoo
21-05-2025
- Business
- Yahoo
Reading owner calls on fans to 'fill the stadium' with season ticket update
Reading co-owner Todd Trosclair has alerted supporters to the imminent arrival of season ticket news. Trosclair, described by business partner Rob Couhig as the 'quintessential self-made man', has become popular on social media with regular interactions with supporters and teasers. In his latest message, he called on supporters to 'fill the stadium' and stated that season ticket details will drop this week. While figures aren't available for this season, last season saw the lowest number of season ticket holders for well over a decade, with 7,941 committing for the campaign and just shy of 13,000 average home crowds. (Image: James Earnshaw) In the campaign immediately before the Covid-19 pandemic, over 9,500 were sold and a whopping 14,000 were sold in 2013/14 following the club's relegation from the Premier League. Couhig, who is set to return to the town next week for the first time since sealing the deal, believes season ticket holders are the lifeblood of the club and deserve praise for their 'unequivocal support of the magnificent institution.' Trosclair said: "We need your support…season tickets go on sale Thursday…we want to win and need you to fill the stadium…what a privilege to be your partner."
BBC News
15-05-2025
- Business
- BBC News
'I stick with it,' new owner Couhig reassures Royals
New Reading owner Rob Couhig has called for Royals supporters to look to "the future" following the completion of his protracted ownership saga ended on Wednesday as the Royals confirmed Couhig and Todd Trosclair's Redwood Holdings Limited had purchased the had seen a previous attempt to buy the League One club collapse, and it took almost a year for the renewed deal to eventually go through."It's great to finally, officially, be part of the Reading community and to get it over the line," 76-year-old American businessman Couhig told BBC South Today."To be honest we thought about a year ago this would have been done [but] I'm a stick with it sort of guy, I don't give up and I don't give in."My message to the fans right now is to not look back, it's all about the future, we're ready to go get it."When I left Wycombe I was convinced I was done with English football, but the opportunity with Reading came up and I saw it as a great chance."We recognise what a fantastic opportunity is here for us."While Couhig's arrival has been met with joy from Reading fans, there remains a sense of urgency as a number of their players are out of contract this club has been unable to fully operate in the transfer market for quite some time with embargoes preventing them adding to their new board and head coach Noel Hunt are hoping those restrictions quickly change."We met with Noel when I was over last week and we have a plan," Couhig added."We know what we want to spend and how we want to spend it, we know those players that we would love to have come back, and the players that might be better off somewhere else."The good news is that a lot of people will want to come and play for us in this new era, if there is the odd person we have to buy from somewhere then we will do that, but we will be strictly financially sound." Dayong Pang 'critical' in deal to buy club Couhig also revealed that former Royals chief executive Dayong Pang was "instrumental" in ensuring the deal was part of the board under previous owner Dai Yongge, has been criticised by supporters on occasions but Couhig wanted to credit him for his late 2024, some Reading fans visited Pang's London house and posted a letter through his door that expressed their concerns at the direction the club was spoke publicly earlier that year when he asked for fans to be patient and reiterated the then-owner was committed to completing a sale. "Dayong Pang was very critical in helping to get this deal over the line," Couhig said."I know people take shots at him but he was instrumental. Communication with Mr Dai never happened, I wouldn't recognise him if I saw him on the street."Companies House, external now show that Yongge and Pang have resigned from their posts as of 14 May, and Couhig is the new active director.
New York Times
14-05-2025
- Business
- New York Times
Redwood Holdings Limited vow to return Reading ‘to its rightful place in English football' after completing takeover
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. Advertisement 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 — 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.
The Independent
14-05-2025
- Business
- The Independent
Reading saved from potential EFL expulsion as ex-Wycombe owner Rob Couhig completes takeover
The league said it had provided final clearance under its regulations which places Reading under the ownership of Rob Couhig and Todd Trosclair and their company Redwood Holdings, with controversial ex-owner Dai Yongge now having divested from the club. The news marks the end of Dai's nightmarish time at the helm. During his tenure, the Royals have been placed under a number of transfer embargoes and been handed points deductions totalling 18 points. Reading were very close to going under, experiencing multiple winding-up petitions related to unpaid taxes. Dai was then expelled by the EFL, who ordered the club to find a new owner. In a statement Reading said: "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 per cent of the shareholding in Reading Football Club. "The takeover, 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 with immediate effect, with Rob Couhig being named as chairman. "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. "Further communication from Redwood will follow in due course." Under Yongge's ownership, the men's side were relegated to the third tier while the women's team withdrew from the Women's Championship last year for financial reasons. They are now playing in the fifth tier having played in the Women's Super League as recently as 2023. Previous negotiations for Couhig, who is a former Wycombe chairman, to purchase the club broke down in September 2024, and in March of this year Yongge - who has been disqualified as a club owner by the EFL - claimed Couhig was blocking his efforts to sell. The club was involved in a number of exclusivity agreements with interested parties, which ultimately lapsed, prior to the sale. A statement from the supporters' campaign group, Sell Before We Dai, said: "We are incredibly relieved and happy that Reading Football Club are finally under new ownership. It's a day which we thought, at times, may never happen. "In the eight years of the Dai Yongge era, every single element of our club went backwards. The first team were relegated, the women's team were essentially folded and staff were made redundant as every operational element of the club was cut back to the bare bones. "Those who remained were forced to work with tight budgets and under immense pressure. Sometimes they weren't even sure if they'd be paid at the end of the month. "Today is a day for celebration and that starts by welcoming Rob Couhig. Thank you for not giving up on us, thank you for saving our 153-year-old club from oblivion." PA
The Irish Sun
14-05-2025
- Business
- The Irish Sun
Reading takeover finally COMPLETED as crisis club release statement after being saved from brink of going bust
THE takeover of Reading FC has officially been completed. Redwood Holdings Limited have finally put pen to paper on a deal that sees them acquire 100 per cent of the League One club. Advertisement 1 The takeover of Reading has finally been completed Credit: Getty As a result, Rob Couhig - the owner of the company - will become chairman. Co-owner Todd Trosclair has joined the board with immediate effect. A statement read: "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 takeover, which has received EFL clearance, completed very early on Wednesday morning and includes the Select Car Leasing Stadium and Bearwood Park Training Ground. Advertisement READ MORE IN FOOTBALL "Both Couhig and Trosclair will join the club's board with immediate effect, with Rob Couhig being named as Chairman." It concluded: "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. "Further communication from Redwood will follow in due course." THIS IS A DEVELOPING STORY.. Advertisement Most read in EFL Latest Exclusive The Sun is your go to destination for the best football, boxing and MMA news, real-life stories, jaw-dropping pictures and must-see video . Like us on Facebook at
