Former Sheffield Utd owners claim they are owed £35m

Former Sheffield Utd owners claim they are owed £35mImage source, ShutterstockImage caption, Sheffield United finished 13th in the Championship last seasonByRob StatonBBC Radio Sheffield reporterPublished12 minutes agoThe former owners of Sheffield United have filed a winding up petition against the club's owners COH Sports Bidco Limited, claiming they are owed over £35m.In a letter seen by the BBC, United World, the investment company of Saudi Arabian Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud, has also questioned the validity of last month's board update, external which said that another company, 1919 Partners LLC, was the "parent company of Sheffield United".American-based consortium COH Sports completed their takeover of the Championship club in December 2024.In a lengthy statement, United World said that "in light of the substantial sums that United World is owed by CSBL (over £35 million inclusive of interest), we have been forced to issue a petition in the High Court to wind-up CSBL".They added they were "very disappointed and alarmed at the turn of recent events and believe that both we, and the EFL, have been seriously misled, putting the long-term stability and viability of the club in jeopardy".The statement continued: "In addition, if the owners of COH Sports Bidco Limited are allowed to get away with effectively gaining control of a football club without paying the amounts they promised to acquire it, we believe that shall undermine the confidence of those who wish to invest in football in the EFL lawfully and properly."To that end, along with our legal team, we shall leave no stone unturned to prevent or remedy the serious wrongdoing being committed by those who have taken control of the club."COH Sports is led by businessmen Steven Rosen and Helmy Eltoukhy, who remain on the club's board.When they completed their takeover, they said they "want to take this chance to assure the supp...