EFL examines Sheffield United over claim owners trying to avoid paying full purchase price
•The English Football League is investigating Sheffield United's owner for allegedly avoiding a £35m payment to the previous owner, Prince Abdullah.
•COH Sports has reportedly formed a new parent company to sidestep the financial obligation.
•Prince Abdullah's investment vehicle has filed a winding-up petition against COH Sports and raised concerns with the EFL and the Independent Football Regulator.
المصدر: The Guardian Football | Source: The Guardian Football
Prince Abdullah asserts he is still owed £35m
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.
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→The English Football League is investigating Sheffield United's owner for allegedly avoiding a £35m payment to the previous owner, Prince Abdullah.
→COH Sports has reportedly formed a new parent company to sidestep the financial obligation.
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