Saudi Prince threatened Sheff Utd with wind-up order
hm.as.prod@gmail.com22 December 20251 Mins read9
Saudi Prince Threatens Winding-Up Order on Sheffield United Over £10m Debt
Background
Sheffield United, a prominent English football club, has found itself in a precarious situation after its former owner, Prince Abdullah of Saudi Arabia, threatened to issue a winding-up order over a £10m debt. The club’s new owners, COH Sports, a US-based consortium, completed its takeover in December 2024, but it appears that the transition has not been smooth.
Details
According to sources, Prince Abdullah’s lawyers issued a statutory demand last month, giving COH Sports 21 days to pay the outstanding debt. When the deadline passed, they were given an additional three weeks to settle the debt or face a winding-up order, which could have led to the club’s administration. COH Sports has reportedly paid a significant sum to take control of the club, but almost half of the agreed takeover price remains to be paid in the coming months.
Current Situation
The club is currently up to date with all monies owed to the previous owner, but it is understood that COH Sports is exploring potential minority investors to inject new funds into the club. The American venture capitalist group has also held talks with Prince Abdullah about the possibility of the crown prince re-investing and taking a smaller stake in the club, but these discussions ended without an agreement.
Impact on the Club
The Blades were initially three points clear at the top of the Championship when COH Sports took over, but they are currently 18th in the table, seven points above the relegation places, after a recent resurgence in form. Despite the current situation, COH Sports has not disputed the timescales or the amounts payable, and the club remains committed to supporting the team.
Reactions
There has been no comment from COH Sports, Prince Abdullah, or the English Football League (EFL) regarding the matter. The situation highlights the complexities and challenges that can arise in high-stakes business transactions, particularly in the world of football.
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