Reading FC bidder banned by financial watchdog for forging £170m bond portfolio Sport Business Former Reading FC bidder Paul Taylor has been fined almost half a million pounds and banned from working in financial services for lying about his wealth. The Financial Conduct Authority issued the punishment today after finding Taylor guilty of using forged documents that purported to show he owned bonds worth around €200m (£171m). Taylor attempted [...]
Reading owner Rob Couhig considers selling training ground to raise funds Sport Business Reading owner Rob Couhig is considering radical measures including downgrading the club’s Academy or selling the training ground to increase the funding he can make available to the first team. The American, who paid around £25m to buy the League One club from Dai Yongge at the end of last season, has been an outspoken critic of [...]
Exclusive: Reading in talks over Welcome to Wrexham style docuseries Sport Business Reading could be the latest EFL club to make a “Welcome to Wrexham”-style documentary series. Owner Rob Couhig is understood to have been approached by several production companies since completing his takeover of the League One club in May. The discussions have yet to involve broadcasters or streaming services, but Couhig has been told that [...]
Couhig buys Reading from Yongge after EFL approval May 14, 2025 Troubled League One club Reading FC have finally been taken over by former Wycombe owner Rob Couhig’s Redwood Holdings after the EFL cleared the 100 per cent acquisition. The deal will see the Dogwood LLC subsidiary take control of the football club, which was plagued with financial issues under former owner Dai Yongge, as well [...]
Reading in takeover talks with mystery bidder after Platek walks away April 9, 2025 Financially stricken Reading are in takeover talks with a new prospective buyer after American businessman Robert Platek walked away from a deal for the League One club. Platek, co-head of global credit at BDT and MSD Partners, entered into a period of exclusive negotiations with current owner Dai Yongge but that has now elapsed. The [...]
Reading crisis goes on after former chairman’s takeover bid is rejected December 3, 2024 Former Reading chairman Roger Smee says he is “sad” that his takeover bid to prise the club from unpopular owner Dai Yongge has been rejected. City AM revealed last month that the 76-year-old property tycoon, who also played for Reading in the 1960s and 1970s, was putting together a rescue package. Smee also expressed his [...]
Ahead of the Game: Reading FC hero emerges as potential saviour November 13, 2024 Also in Ahead of the Game: Mendy's record payout; Badenoch to oppose football regulator; ICC chief to stay on.
Hotel snag hits potential rescue deal for beleaguered Reading FC August 21, 2024 The long-running takeover saga at Reading has been further delayed by a dispute over the status of an IGH hotel at the Select Car Leasing Stadium. Former Wycombe owner Rob Couhig has agreed a £25m deal to buy the League One club that also includes the stadium and the training ground, thus ending the disastrous [...]