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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchAn October 2024 report said businessman Benny Kwong had held talks with Reading owner Dai Yongge about buying the club. Reading confirmed an exclusivity period with an unnamed potential purchaser on 7 October, but did not identify that person. The available public record does not establish that Kwong was the unnamed buyer. Reading was eventually acquired by Redwood Holdings in May 2025.
Was Benny Kwong buying Reading FC?
A report dated 1 October 2024 said Kwong had held talks with then-owner Dai Yongge about purchasing Reading FC. It described Kwong as a Hong Kong-based businessman associated with Blue River Holdings. Those details were reported by the outlet; Reading’s official statement six days later did not name Kwong or confirm that he was its potential purchaser. October 2024 report reproduced in a Reddit result.
On 7 October, Reading said it had agreed an exclusivity period with “a potential purchaser.” The statement confirmed that discussions were under way, not the identity of the prospective buyer. The available sources do not prove that the person reported to be in talks with Dai was the same person or party covered by the club’s announcement. Reading FC’s 7 October 2024 statement.
What did Reading’s October 2024 announcement cover?
The club said the proposed sale included Dai’s shareholding, Select Car Leasing Stadium and Bearwood Park Training Ground. It did not publish a purchase price or name the potential purchaser. Reading FC’s statement.
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The same announcement said the English Football League had imposed a formal registration embargo because Reading filed its accounts for the 2022–23 accounting period late. The club presented this as a separate operational issue alongside the sale update. Reading FC’s statement.
How did the takeover process change?
| Date | Publicly reported status |
|---|---|
| 1 October 2024 | A report said Benny Kwong had held talks with Dai Yongge about buying Reading. This was a reported negotiation, not a club-confirmed identification of its prospective buyer. October 2024 report reproduced in a Reddit result. |
| 7 October 2024 | Reading confirmed an exclusivity period with an unnamed potential purchaser. The proposed deal covered the club shareholding, stadium and training ground. Reading FC statement. |
| 28 November 2024 | Reading said the process remained ongoing and described it as complicated and lengthy. BBC’s report did not name the buyer. BBC Sport, 28 November 2024. |
| 27 March 2025 | Reading said exclusivity remained in place with the proposed purchaser and that the proposal covered the club, stadium and training facility. Reading FC, 27 March 2025. |
| 9 April 2025 | BBC reported that the earlier exclusivity period had expired and Reading had moved into advanced dialogue with an alternative bidder. BBC Sport, 9 April 2025. |
| 3 May 2025 | Reading announced a sale in principle to Redwood Holdings Limited, a subsidiary of Dogwood Football LLC. The club said formal completion was still subject to final legal technicalities. Reading FC, 3 May 2025. |
| May 2025 | BBC reported that Redwood Holdings completed the acquisition. BBC Sport, May 2025. |
Who eventually bought Reading FC?
Reading announced a sale in principle to Redwood Holdings Limited on 3 May 2025. The club identified Redwood as a subsidiary of Dogwood Football LLC, owned by Rob Couhig and Todd Trosclair. BBC subsequently reported that Redwood completed the takeover in May 2025. The completed purchase was therefore by the Couhig and Trosclair-associated company, not a reported acquisition by Kwong. Reading FC’s announcement; BBC Sport’s report of completion.
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