the Premier League club Sheffield United looks to be 100 percent owned by the saudi prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud.
In any case, he won on Monday a lawsuit by the English high court against businessman Kevin McCabe, who, like the prince now owns half of the club.
The two men have been business partners since 2013, where prince Abdullah bought into the then-ailing League One club for 11 million pounds (93 million dollars).
The two business partners were, however, other prisoners on the club’s economic wager in 2017, where the club moved up in the second row, The Championship.
Therefore offered McCabe either to buy the prince’s shares for five million pounds (42 million euros) or to sell his for the same price.
None of the parts were something, but prince Abdullah held his right to buy the McCabes shares for the agreed sum and so Monday, the court’s words, that he should do it in July 2020.
Moreover, the prince also of the court, been ordered to buy the club’s property portfolio, which among other things include the club’s træningsanlægget and the stadium, Bramall Lane. The portfolio is valued at 300-325 million – and is owned by Kevin McCabe.
The order is McCabe, however, does not agree. He has been a Sheffield United fan since childhood, and he has as a longtime owner invested up to a billion dollars in the club, which today is rated for just that amount.
McCabe and his lawyers are considering strongly supports an appeal in the case of
In the meantime, oprykkerne Sheffield United try to bite themselves firmly in the Premier League. The club is number 15 with five points after the first five matches.
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