Why Sheffield United case could be a test for the new football regulator
Just a few short months ago, Sheffield Wednesday looked like providing the first real test of the powers of the new Independent Football Regulator. Now it appears it might well be Sheffield United.
Sheffield United, the neighboring club to Sheffield Wednesday, is now in the crosshairs of the Independent Football Regulator (IFR). The IFR has the authority to examine the honesty, integrity, and financial soundness of current owners Steven Rosen and Helmy Eltoukhy. Last week's High Court ruling revealed that CSBL (Coins Sports Bidco Limited), the company Rosen and Eltoukhy used to buy the Blades two years ago, was wound up with a £35 million debt to the previous owners, United World.
This has raised questions and left many answers unanswered. The club's new owners, 1919 Partners LLC, transferred ownership of the club, severing CSBL's and the £35 million debt's direct link to Sheffield United. The EFL may impose a points penalty, while the IFR could take action against Rosen and Eltoukhy for the first time.
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