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Prince Abdullah asserts he is still owed £35m
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Shares allegedly transferred to new company
The English Football League is investigating allegations that Sheffield United’s owner, the American investment group COH Sports, has formed a new parent company for the club to avoid paying £35m owed to the previous owner, Prince Abdullah.
COH Sports, led by Steven Rosen and Helmy Eltoukhy, agreed a deal to buy United from the Saudi Arabian for about £100m in December 2024 and paid the first instalment of about £30m shortly after, but are alleged to have been late in paying the second instalment and missed two subsequent payments due this year. Abdullah’s investment vehicle, United World, issued a winding-up petition in the high court against COH Sports this week and has taken its concerns to the EFL and the Independent Football Regulator.
Continue reading…Prince Abdullah asserts he is still owed £35mShares allegedly transferred to new companyThe English Football League is investigating allegations that Sheffield United’s owner, the American investment group COH Sports, has formed a new parent company for the club to avoid paying £35m owed to the previous owner, Prince Abdullah.COH Sports, led by Steven Rosen and Helmy Eltoukhy, agreed a deal to buy United from the Saudi Arabian for about £100m in December 2024 and paid the first instalment of about £30m shortly after, but are alleged to have been late in paying the second instalment and missed two subsequent payments due this year. Abdullah’s investment vehicle, United World, issued a winding-up petition in the high court against COH Sports this week and has taken its concerns to the EFL and the Independent Football Regulator. Continue reading…
