December 9 – Sheffield United owned by Saudi Arabian Prince Abdullah bin Abdul Aziz Al Saud, currently top of the Championship and bidding for a return to the Premier League after being relegated last season, is set to be sold for £105 million an American consortium led by Steven Rosen and Helmy Eltoukhy.
Rosen is the founder and chairman of Resilience Capital Partners, while Eltoukhy chairs biotech company Guardant Health.
The deal comes as Sheffield United moved to the top of the Championship as they bid to return to the Premier League having been relegated last season.
The acquisition includes the club and the Bramall Lane stadium, as well as an adjacent hotel.
Prince Abdullah had tried to see the club and the end of the 2022/24 season to Nigerian businessman Dozy Mmobuosi, who had tabled a bid for the club in the region of £90 million, but whose offer was never given approval by the English Football League. Mmobuosi then fell foul of the Securities and Exchange Commission in the US for fraud.
The Rosen/ Eltoukhy takeover of has received full clearance from the English Football League, according to the US buyers.
“Like all Sheffield United supporters, we want to see the club building on its strong start to the season,” the US buyers said in a joint statement. Funds are expected to be available for the January transfer window to strengthen the team’s promotion push.
“We look forward to moving forward to completion as soon as possible,” they said.
Sheffield United chairman Yusuf Giansiracusa said: “We are pleased to hear that COH Sports has finally received EFL approval.”
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