‘Sold Before We Daied’- Reading’s long-awaited takeover is finally CONFIRMED on the final day of the 2024/25 season.
CLUB STATEMENT:
Reading Football Club is pleased to announce the sale in principle of the club to Redwood Holdings Limited.
The takeover includes the Select Car Leasing Stadium and Bearwood Park Training Ground.
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.
EFL STATEMENT:
The EFL has received confirmation from all parties that a sale has been agreed in principle with Redwood Holdings Limited, with the transaction expected to be completed shortly, once final legal technicalities have been completed.
As such, the EFL Board has agreed to extend the time allowed for Mr Dai Yongge to divest his interests until Thursday 8 May, subject to compliance with all other EFL regulations.
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