Ciderspace News Page : Couhig In Advanced Discussions To Become Wanderers Shareholder
2 July 2019 : Couhig In Advanced Discussions To Become Wanderers Shareholder
New Orleans Businessman Rob Couhig is described as being in 'advanced discussions' to becoming a shareholder in League One side Wycombe Wanderers. The Supporters Trust owned club have released a statement confirming that they have reached an 'agreement in principle' to appoint football consultant Mark Palmer and Couhig's nephew Peter Couhig to the club's management team, with his expertise being in the area of financial consultancy. They have also put forward a plan with a view towards acquiring a majority shareholding for the future.

Couhig was the principle bidder in a group that sought to buy Yeovil Town during the 2018-19 season. However, after a lengthy protracted negotiating period, the deal collapsed in early May after the current Yeovil Town Board withdrew their offer to sell the club. Shortly afterwards, football consultant Palmer, who had originally been advising current owner Norman Hayward jumped ship to align with Couhig, with their own statement in the aftermath stating that Palmer would be attempting to find the lawyer a new club to invest in. Couhig has said as part of their club statement:

"It is a privilege to join the team at Wycombe Wanderers and I'm honoured to be arriving at the club at a time when the club has achieved such fantastic progress in recent years. I would firstly like to thank the board of directors of Wycombe Wanderers Trust for selecting me as their preferred route forward and pledge with my hand on my heart to do the very best that I can for this proud football club. This will be a collective effort, and it will need us all to pull in the same direction to make sure we make a success of the opportunity that lies ahead of us. Positive change may not happen overnight, but I will give full support to every department of the club and Iím extremely confident that supporters will gradually be able to see that our combined efforts will pay off for the benefit for everyone associated with Wycombe Wanderers."

Wanderers are currently wholly owned by their Supporters Trust, and their statement emphasises that the Adams Park stadium or land will not be used as security against Couhig's offer. Their Chairman Trevor Stroud has said of the plans:

"We are delighted to have reached an agreement in principle with Rob Couhig and welcome him into the football club at the beginning of what we strongly believe will be a fruitful and successful journey over many years to come. For more than a year now, the Trust board have held the view that the football club requires investment to remain sustainable and to help the club continue the excellent progress it has made in recent times. Rob has demonstrated a real and genuine commitment to adopting the values that make this club a proud part of its local community, and also carries the ambition, expertise and financial resource to be able to build on the foundations that we have in place. Since the withdrawal of an offer from our previous recommended partners in March, we have continued discussions with a number of wide-ranging parties and conducted meticulous legal and financial reviews into each party to identify what we believe to be the best route forward."


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