Couhig, an American lawyer, previously owned fellow League One side Wycombe Wanderers and has shown interest in acquiring Reading through the season. He will be in attendance for the game against Barnsley on Saturday. A win or a draw in their final game of the season could see Reading qualify for the playoffs in hopes of gaining promotion to the Championship.<\/p>\r\n\r\n
Although the sale is not finalised yet, Reading fans would perhaps see the change in ownership as a positive sign given Dai Yongge\u2019s eight-year reign at the club. The takeover includes the Select Car Leasing Stadium and Bearwood Park Training Ground.<\/p>\r\n\r\n
Based on the agreement between the parties, the English Football League (EFL) has agreed to extend its deadline for the divestment of Dai Yongge\u2019s shareholding until its next Board Meeting on May 8.<\/p>\r\n\r\n
\u201cThe EFL has received confirmation from all parties that a sale has been agreed in principle with Redwood Holdings Limited, with the transaction expected to be completed shortly, once final legal technicalities have been completed,\" the English Football League (EFL) said in a statement.<\/p>\r\n\r\n
\"As such, the EFL Board has agreed to extend the time allowed for Mr Dai Yongge to divest his interests until Thursday 8 May, subject to compliance with all other EFL regulations,\u201d read the statement by EFL.<\/p>\r\n\r\n
Reading was relegated from the Championship to League One at the end of the 2022\/23 season. This relegation was partly due to a six-point deduction for breaching Financial Fair Play rules, pushing them five points adrift of safety.<\/p>\r\n\r\n
\"As such, the EFL Board has agreed to extend the time allowed for Mr Dai Yongge to divest his interests until Thursday 8 May, subject to compliance with all other EFL regulations,\u201d read the statement by EFL.<\/p>\r\n\r\n
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