Redwood Holdings Restricted have accomplished their takeover of Studying FC.
The EFL introduced it has given its closing clearance of the takeover which can see Rob Couhig and Todd Trosclair be part of the membership’s board instantly.
In February, former Studying proprietor Dai Yongge was disqualified below the EFL’s homeowners’ and administrators’ take a look at and had been ordered to divest or threat the imposition of sanctions, together with Studying being suspended from Sky Wager League One.
Couhig has been introduced as Studying chair, having beforehand owned Wycombe Wanderers and the New Orleans Zephyrs in Minor League Baseball. In the meantime, Trosclair is the proprietor of USA Gulf Coast electrical contractors All Star Electrical and is an investor in actual property and hospitality.
A membership assertion from Studying stated: “Redwood is bold and devoted in direction of the membership returning to its rightful place inside the English soccer pyramid, whereas adhering to clear ideas of honesty, transparency and monetary sustainability. Additional communication from Redwood will observe in the end.”
In the meantime, Studying marketing campaign group Promote Earlier than We Dai stated in a closing assertion: “We’re extremely relieved and glad that Studying Soccer Membership are lastly below new possession. It is a day which we thought, at instances, could by no means occur.
“Within the eight years of the Dai Yongge period, each single factor of our membership went backwards. The primary group have been relegated, the ladies’s group have been primarily folded and workers have been made redundant as each operational factor of the membership was reduce to the naked bones.
“Those that remained have been compelled to work with tight budgets and below immense strain. Generally they weren’t even certain in the event that they’d be paid on the finish of the month.
“Right now is a day for celebration and that begins by welcoming Rob Couhig. Thanks for not giving up on us, thanks for saving our 153-year-old membership from oblivion.
“Studying followers are actually excited to listen to in an open discussion board from Couhig about his plans. Our gratitude is immeasurable however can’t be unconditional. We’re below no illusions that steps will must be taken to undo the injury Dai has executed to this soccer membership, however we hope Couhig runs Studying transparently, prudently, in collaboration with Studying followers and with regard for the membership’s id.”
