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Reading FC Announces Sale in Principle to American Investors

The deal, including the stadium and training ground, awaits final legal clearance as the EFL extends divestment deadline to May 8.

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The future looks brighter for Reading FC (Photos: Craig Richard)

Overview

  • Reading FC confirms the sale in principle to Redwood Holdings Limited, owned by Rob Couhig and Todd Trosclair.
  • The agreement includes key assets: the Select Car Leasing Stadium and Bearwood Park Training Facility.
  • Completion of the takeover is pending final legal technicalities, with expectations for swift resolution.
  • The EFL has extended Dai Yongge’s divestment deadline to May 8 following the agreement.
  • Fan group 'Sell Before We Dai' expresses relief, marking the end of Dai Yongge’s controversial ownership since 2017.