Reading have confirmed the sale to former Wycombe Wanderers owner Rob Couhig, ‘subject to legal technicalities.’
The American, who was close to purchasing the club in August, has arrived in Reading and will be among the 21,000-strong crowd at the SCL Stadium this afternoon for the final match of the season.
For over two years supporters have waited for the end of the Dai Yongge era, and it comes on a day where Noel Hunt’s side could sneak into the League One play-offs if they can better Leyton Orient’s result at Huddersfield Town with their fixture against Barnsley.
“Reading Football Club is pleased to announce the sale in principle of the club to Redwood Holdings Limited,” a club statement read.
“The takeover includes the Select Car Leasing Stadium and Bearwood Park Training Facility.
“The formal completion of the transaction is subject to final legal technicalities but is fully expected to be completed shortly.
“Based on the agreement between the parties, the EFL has agreed to extend its deadline for the divestment of Mr Dai Yongge’s shareholding until its next Board Meeting on 8 May.
“Redwood Holdings Ltd is a subsidiary of Dogwood Football LLC, which is owned by Rob Couhig and Todd Trosclair of New Orleans, Louisiana.”
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