American businessman Rob Couhig's attempt to purchase Reading has fallen through following a breakdown in negotiations.
The attempted takeover of Reading by former Wycombe Wanderers owner Rob Couhig has fallen through after a breakdown in negotiations.
"The club acknowledges and appreciates the financial support provided by the potential purchaser during recent months. All loans have now been paid back to the potential purchaser in full along with the accrued interest."Reading's recent financial difficulties under Yongge meant the club's women's side - a Women's Super League outfit as recently as May 2023 - had to withdraw from the Championship in June, and they will start next season in the fifth tier.
The Royals are currently 12th in England's third tier after five games, picking up two wins, two defeats and a draw.A seventh-placed finish in the 2020-21 season was Reading's only top-half league finish under Yongge as financial problems began to bite.for failing to comply with the terms of an agreed business plan for the previous breach, contributing to their relegation from the Championship at the end of that season.
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