Redwood Holdings Limited has completed their takeover of Reading FC.
The club is pleased to announce that Redwood Holdings Limited – a subsidiary of Dogwood LLC, owned by Rob Couhig and Todd Trosclair from New Orleans, Louisiana – has completed the acquisition of 100% of shareholding in the reading football club.
The acquisition, which EFL approval has received, was 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 immediately, with Rob Couhig being mentioned 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 baseball team of the birth city. Todd is the owner of All Star Electric, one of the largest and most respected electrical contractors at the Gulf Coast of the US and a successful investor within the real estate and hospitality sector. He is also the founder of the All Star Foundation that contributes to various charity initiatives.
Redwood is ambitious and dedicated to the club that returns to its rightful place within the English football pyramid, while adhering to the principles of honesty, transparency and financial sustainability. Redwood communication will follow in due course.