EFL club become latest team to get American owners

It's a growing trend

Reading FC have endured a long period of financial instability since Dai Yongge bought the club in 2017.

During this troubled time the club found itself dropping all the way to League One.

Now, ex-Wycombe Wanderers owner Rob Couhig, 75, has taken over the club with his business partner Todd Trosclair.

The arrival of the American owner is the latest in a growing number of lower-league English clubs turning to American investment.

Examples of this include Wrexham and Birmingham City.

Reading announced in a statement: "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.

"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."