Redwood Holdings Limited have completed their takeover of Reading FC.
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.
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. Further communication from Redwood will follow in due course.