Former Wycombe Wanderers proprietor Rob Couhig has reached an settlement to purchase Studying, the English League One membership mentioned on Saturday.
The 75-year-old American lawyer has a diverse funding portfolio which incorporates companies in industries akin to prescription drugs and actual property.
Chinese language businessman Dai Yongge was ordered to promote the membership in March having been being disqualified below the EFL’s house owners’ and administrators’ check. Studying introduced final month they’d agreed phrases over the sale.
“Studying Soccer Membership is happy to announce the sale in precept of the membership to Redwood Holdings Restricted,” the membership mentioned in a press release.
“The takeover contains the Choose Automotive Leasing Stadium and Bearwood Park Coaching Floor. The formal completion of the transaction is topic to ultimate authorized technicalities however is totally anticipated to be accomplished shortly.
“Primarily based on the settlement between the events, the EFL has agreed to increase its deadline for the divestment of Mr Dai Yongge’s shareholding till its subsequent board assembly on Might 8.
“Redwood Holdings Ltd is a subsidiary of Dogwood Soccer LLC, which is owned by Rob Couhig and Todd Trosclair of New Orleans, Louisiana.”
Yongge, who took over Studying in 2017, has been blamed by followers for the membership’s issues after they’d six factors deducted final season for monetary mismanagement.
Additionally they withdrew from the Girls’s Championship on account of monetary points.
Studying are seventh in League One, one place behind Leyton Orient who’re in possession of the ultimate playoff place due to their superior aim distinction.
