The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Reading FC’s takeover is complete. Redwood Holdings Limited acquired 100% of the club’s shares on 14 May 2025, after English Football League (EFL) clearance. The deal also included the Select Car Leasing Stadium and Bearwood Park training ground. Rob Couhig became chairman, and Todd Trosclair joined the board. BBC Sport reported the completion, which the EFL also listed on 14 May.
Has the Reading FC takeover gone through?
Yes. The sale is no longer pending: Redwood Holdings Limited completed its acquisition of all Reading Football Club shares on 14 May 2025, following EFL clearance. The transaction included the club, its stadium and its Bearwood Park training ground.
The acquisition vehicle was a subsidiary of Dogwood LLC, owned by Rob Couhig and Todd Trosclair. Couhig became chairman and Trosclair joined the board, according to BBC Sport’s completion report.
What happened, and when?
- September 2024: Negotiations on an earlier Couhig attempt broke down, BBC Sport reported.
- 3 May 2025: Reading announced a sale in principle to Redwood Holdings Limited. The club said the EFL had extended Dai Yongge’s share-divestment deadline to the EFL board meeting on 8 May. Reading’s announcement set out the proposed sale.
- 14 May 2025: The EFL cleared the acquisition and the sale completed.
Dai Yongge had been Reading’s majority shareholder since 2017. BBC Sport described his period as owner as marked by financial difficulties and fan protests; those reports provide context, but do not establish the club’s current financial position.
#1 Best Overall
- Slim fit Crewneck 100% polyester (recycled) AEROREADY Liverpool FC woven crest
What does the ownership change mean for future takeovers?
Reading’s completed 2025 sale is distinct from the rules that would apply to a future change of control. The EFL says a potential takeover—formally an “acquisition of control”—is subject to requirements of both the EFL and the Independent Football Regulator (IFR). The IFR’s Owners, Directors and Senior Executives regime began on 5 May 2026 and operates alongside the EFL’s Owners’ and Directors’ Test.
Under the framework described in EFL guidance on acquisition of control, the IFR assesses suitability, including integrity, financial soundness, financial resources and competence. The EFL process includes review of future financial information and the ultimate source of funding. These requirements apply to a future change of control or specified leadership appointments; they do not mean that the 2025 sale is unfinished.
Quick Recap
Best Value
- Official Licensed FC Barcelona Product
- Featuring a Woven Patch and Printed team name on Chest
- Celebrate your loyalty to the Barca with this official FC Barcelona Space Dye Game Day Shirt. Woven team crest and printed team name on the chest, this is the perfect shirt to wear during your games to show off your Barca pride. 100% breathable polyester will keep you cool your entire game
Rank #4
- Slim fit V-neck 100% polyester (recycled) AEROREADY Liverpool FC woven crest
Rank #3
- Get ready to show off your loyalty to Barca with our official licensed FC Barcelona Game Day Polyshirt This tee is a must-have for any true fan, featuring FC Barcelona's iconic colors, a printed FC Barcelona patch on the chest, and a solid back. Made from 100% breathable polyester, this shirt will keep you cool and comfortable throughout your entire game. Celebrate your team pride with confidence and style. Get yours today and elevate your game day experience
- Official Licensed FC Barcelona Product
- Athletic Crew-Neck
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.
