Sheffield United’s ex-owners winds up company which bought club
United World, led by Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, filed a winding-up petition against COH Sports Bidco Limited last month over an alleged £35 million (US$47.43 million) debt.
A former owner of Sheffield United has successfully petitioned a High Court to wind up the company that acquired the club in 2024, according to a statement released by the club.
The High Court's decision on Wednesday was not an issue for Sheffield United Football Club, as confirmed by a club spokesperson. The company that bought Sheffield United, United World Holding Limited, sought to wind up the parent company, CSBL, following a brief hearing.
United World did not respond immediately to the news. In June, Sheffield United announced that 1919 Partners LLC was the actual parent company of the club, a claim that United World this week described as an attempt to evade paying CSBL's creditors.
The news of United World's move has sparked concerns among club officials and football fans. They fear that the English Football League (EFL) may impose a 12-point deduction on Sheffield United, as the EFL's rules would be undermined if owners could acquire clubs without paying for them. However, the EFL has not yet commented on the matter.
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- Sheffield United’s ex-owners winds up company which bought club freemalaysiatoday.com
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