Sheffield United sold for £115m

killerandflash

https://www.bbc.co.uk/sport/football/61177119

American businessman Henry Mauriss has had a £115m bid to buy Sheffield United accepted by the Championship club.
Mauriss previously bid £350m to buy Newcastle United in 2020, before a Saudi Arabian-backed takeover went through the following year.

Sounds steep to me, considering they're likely to still be in the Championship next season

Athletico Charlton

Definitely a lot but they have what, 2 yrs of parachute money left at £30-40M pa and sit 6th this year after a good run.

Plus their owner is some Saudi Prince anyway so I assume not a distressed sale?

AFKABartram

That’s a very expensive greasy chip butty 

Cafc43v3r

AFKABartram said:

That’s a very expensive greasy chip butty 

Yeah but you do get a gallon of magnet as well. 

Henry Irving

Cafc43v3r said:

AFKABartram said:

That’s a very expensive greasy chip butty 

Yeah but you do get a gallon of magnet as well. 

And a night out in Sheffield 

Cafc43v3r

Henry Irving said:

Cafc43v3r said:

AFKABartram said:

That’s a very expensive greasy chip butty 

Yeah but you do get a gallon of magnet as well. 

And a night out in Sheffield 

Would be tempted with a good bit of snuff 

MarcusH26

Be interesting to see if this actually happens , same guy tried to buy Newcastle and never produced the proof of funds.

£115m seems steep but you've got parachute payments and a ready to go Premier League standard stadium. 

clive

Sheffield United Football Club is under new ownership.

COH Sports, a group of successful entrepreneurs, business partners and friends, established to invest in sporting opportunities, is delighted to confirm the acquisition of the Blades.

COH Sports is led by Steven Rosen, the Founder and Chairman of Resilience Capital Partners, and Helmy Eltoukhy, Co-Founder and Chairman of biotech Guardant Health.

Steven and Helmy will join the Board of the Club as co-Chairmen with immediate effect.

https://www.sufc.co.uk/news/2024/december/23/coh-sports-completes-blades-acquisition/

The takeover of Sheffield United has been officially completed by American-based consortium COH Sports.

https://www.bbc.co.uk/sport/football/articles/c5ygqwnzx55o

killerandflash

An American consortium eh...

A good time for the current owner to sell, with a good chance of promotion back to the PL.

MarcusH26

Hopefully they've finally found good buyers after the absolute ESI level chancers they've almost been sold to before by Prince Abdullah. 

valleynick66

I suggest CM share this news with our consortium to explain why they need to invest heavily in our squad this January…😉🙂

Athletico Charlton

valleynick66 said:

I suggest CM share this news with our consortium to explain why they need to invest heavily in our squad this January…😉🙂

He probably needs to keep it quiet doesn't he!  Sold for £115M at the very top of the Championship.
Our lot are in for £30M already and would need to buy The Valley and training ground for £50M to have all the assets.  There is not a lot of profit left in that given the risks!

valleynick66

Athletico Charlton said:

valleynick66 said:

I suggest CM share this news with our consortium to explain why they need to invest heavily in our squad this January…😉🙂

He probably needs to keep it quiet doesn't he!  Sold for £115M at the very top of the Championship.
Our lot are in for £30M already and would need to buy The Valley and training ground for £50M to have all the assets.  There is not a lot of profit left in that given the risks!

See what you mean but given the £50m is ridiculous the play has surely always been turn it for a profit when either in or threatening to be in the Prem.