Dai counters that Couhig’s refusal to release assets used as security for loans is a coercive attempt to force through the sale. Renhe’s defense asserts that the litigation is being pursued as a pressure tactic, without a substantive basis for the claim.
Financial Disputes and On-Pitch Uncertainty
Renhe has also requested the release of assets tied to nine loans, arguing that they have been repaid. The defense highlights the financial unpredictability tied to Reading FC’s League One status, noting that relegation or promotion could significantly impact the club’s valuation and financial prospects.
The holding company challenges Redwood’s claim of a 200% return on investment, stating it lacks detail on how such profits would materialize or when they could be achieved.
Legal Representation
Redwood Holdings 1 Ltd. is represented by Jonathan Miller of 1EC, instructed by Kitson Boyce LLP.
Renhe Sports Management is represented by Martin Budworth of Kings Chambers, instructed by Knights PLC.
