These would need to be met in order for shares of the club and training ground to change hands, and this was achieved on January 13, thereby eliminating Redwood Ltd and Mr Couhig’s control over club assets. With property mogul Paul Taylor’s interest in the club and other parties waiting in the wings, the selling process can move forward. This comes just weeks after Haitong Bank’s Stop Notice on the Select Car Leasing Stadium was lifted, resolving concerns with the stadium’s sale. In theory, nothing prevents the club from being sold to any interested bidder, but there is still an urgent need for short-term cash this month.
Also, Mr Couhig’s court case against Renhe Sports Management for loss of earnings and breaching exclusivity rumbles on, with Dai Yongge’s company given until Monday, January 20 to file their defence.

Reading Football Club and Mr Couhig were approached to comment.

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