Major Reading FC transfer news emerges after Rob Couhig, Dai Yongge breakthrough | OneFootball

Reading are finally going to be able to operate like a proper football club again.

Reading FC have been removed from the EFL's transfer embargo list following the publishing of their 2023/24 accounts.

It's been a week full of good news for the Royals. Ever since the heavily anticipated agreement over the sale of the club between Dai Yongge and Redwood Holdings Limited, who are fronted by former Wycombe Wanderers owner Rob Couhig, was announced on Saturday, there's been a positive buzz around the Select Car Leasing Stadium that this terrible era in the club's history is finally coming to an end, even inspite of them missing out on the play-offs.

After Yongge was disqualified as a director by the EFL and ordered to sell up, after many miserable years at the helm of the club, and the agreement between the two parties, which is expected to be finalised soon, was officially unveiled, the light at the end of the tunnel that Reading supporters had been longing to see for so long is now in sight.

With Couhig, they should have a much more stable ownership who can help the club to achieve its potential.

Reading's transfer ban is finally lifted

Following the club's final game of the season - a 4-2 defeat at home to Barnsley - Reading's accounts for the 23/24 campaign were finally released, more than a month after the deadline.

While they did reveal some stark numbers, like the £180.1 million loss that the Royals made from the start of Yongge's tenure until the end of that campaign, it has resulted in one good thing: Reading's removal from the EFL embargo list.

Up until now, they have been suspended by the EFL from making transfers since 2020. The last player purchase they made was signing Ovie Ejaria for £3 million from Liverpool as part of an obligation to buy him following the midfielder's loan spell with the club in the 2019/20 season.

Reading's weight on their shoulders is finally, slowly, being removed

Finally, the shackles are being lifted, and Reading can start to become a proper player in the transfer market again after a long time away.

The Royals have had to put up with so many hindrances over the past couple of years in particular, and yet they have continued to battle on and earn the respect of their masses, even though their owner couldn't.

During Ruben Selles' first season with the club, his players were forced to eat microwave meals and weren't allowed overnight stays at hotels before games in order to cut down on costs. Members of staff at the stadium had to wear coats indoors because of the lack of heating - another money-saving exercise - all according to The Athletic.

All of that is without mentioning the financial limitations that the club's managers have been handed to work with.

They've had to put up with so much crap for so long now. It's going to feel like such a relief to have an owner who is on their side, working towards the same promotion goal that they have.