The English Football League has opened an investigation into Sheffield United's ownership after former owner Prince Abdullah claimed the club's current American owners, COH Sports, formed a new parent company to avoid paying over £35m still owed from the takeover.
"In light of the substantial sums that United World is owed by CSBL (over £35 million inclusive of interest), we have been forced to take legal action," a statement from Prince Abdullah's investment vehicle, United World, said.
Takeover Background
COH Sports, fronted by Steven Rosen and Helmy Eltoukhy, completed the purchase of Sheffield United from Prince Abdullah in December 2024 for around £100m. The consortium paid an initial £30m shortly after, but the second instalment was reportedly late, and two further payments due in 2025 have not been made.
Allegations and Investigation
United World alleges that COH Sports transferred the club's shares to a newly created entity, 1919 Partners LLC, to dodge the outstanding debt. The company has filed a winding-up petition in the High Court, which could push the Championship club towards administration if the £35m-plus sum is not settled. The EFL is now investigating whether the ownership restructuring was designed to circumvent financial obligations, and the Independent Football Regulator has also been notified.
Potential Sanctions
If found to have breached regulations, Sheffield United could face severe penalties under EFL rules, including a points deduction or transfer embargo. A winding-up order would also place the club in serious financial jeopardy, casting doubt on its stability ahead of the new season. The EFL's Owners' and Directors' Test requires full transparency, and any effort to conceal or avoid debts may trigger disciplinary action.
Quick Facts
Club: Sheffield United
Current Owners: COH Sports (via 1919 Partners LLC)
Former Owner: Prince Abdullah (via United World)
Takeover Price: ~£100m
Amount in Dispute: £35m+
League: EFL Championship
Potential Sanctions: Points deduction, transfer embargo
Key Takeaways
- The EFL is investigating allegations that COH Sports created a new parent company to avoid paying £35m to former owner Prince Abdullah.
- United World has filed a winding-up petition against COH Sports Bidco Limited.
- The dispute could lead to points deductions or a transfer ban for Sheffield United.
- The case highlights the financial risks in football takeovers and the EFL's enforcement of its rules.