The details of Rob Couhig’s claim against Dai Yongge, Renhe Sports Management and Reading Football Club have been revealed in documents published by the Courts and Tribunals Service.

The former Wycombe Wanderers chief has lodged a claim worth in excess of £12m against Renhe Sports Management, the holding company through which Yongge owns the club, for reportedly breaching an exclusivity agreement and loss of potential earnings.

While it was a group named Chiron who originally entered an agreement with the club regarding a takeover in March, this was transferred to Redwood Holdings in April.

Signing renewals of exclusivity in May, July and August, £4,655,000 or thereabouts was loaned to keep the club afloat while the takeover process was completed.

In September, loans were returned to Mr Couhig and the club confirmed they were opening talks with other interested parties, seemingly ending Mr Couhig’s interest.

However, Redwood and Mr Couhig believe "In early May 2024 or thereabouts, Renhe or persons acting on a document headed 'Reading FC-Investment Opportunity Incredible immediate opportunity to acquire the club for a fraction of its worth'. The said document invited a "Submission of Letter of Intent & Proof of Funds (£45m) to the club by 22 May 2024".

This was a breach of the exclusivity agreement, and the document, seen by the Reading Chronicle, states: "Renhe's breach of the Exclusivity Provisions in the [Letter of Intent] has caused Redwood the loss of a chance to acquire Renhe's shares in Reading FC. It is Redwood's case that the chance of acquiring the shares in Reading FC from Renhe (but for Renhe's breach of contract) was at least 50%. Redwood reserves the right to argue at trial that the lost chance was significantly higher than 50%. If it be determined at trial that Redwood's chance of acquiring the shares in Reading FC from Renhe was a percentage more or less than 50%, then Redwood claims damages accordingly."

In addition to the loss of £12,000,000 from the potential profits, fees of over £300,000 are also being claimed.

This is for:

• £288,092.14+ VAT for legal fees

• £908 legal fees in British Virgin Islands

• £4,124.50 on flights and accommodation for Due Diligence in May

• £5,627.81 on flights and accommodation for Due Diligence in September

A court date is yet to be set, but Redwood Holdings are filing for a total of £12,298,752.45.

Interest on top of this includes a daily rate of £2,611.38 per day, and already stands at £80,952.75

Having spoken publicly in recent weeks, the experienced lawyer has stated his desire to complete a deal for the club as previously agreed.

Little is still known about a party still in talks with purchasing the club.

Reading Football Club and Mr Couhig were approached for comment.