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.
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.
“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..
