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Sheffield United sold for £115m

killerandflash
killerandflash Posts: 69,844
in Other Football and Sports
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

Comments

  • Athletico Charlton
    Athletico Charlton Posts: 14,273
    edited April 2022
    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
    AFKABartram Posts: 57,824
    That’s a very expensive greasy chip butty 
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    AFKABartram said:
    That’s a very expensive greasy chip butty 
    Yeah but you do get a gallon of magnet as well. 
  • Henry Irving
    Henry Irving Posts: 85,220
    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
    Cafc43v3r Posts: 21,600
    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
    MarcusH26 Posts: 8,033
    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
    clive Posts: 19,454

    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
    killerandflash Posts: 69,844
    An American consortium eh...

    A good time for the current owner to sell, with a good chance of promotion back to the PL.
  • MarcusH26
    MarcusH26 Posts: 8,033
    Hopefully they've finally found good buyers after the absolute ESI level chancers they've almost been sold to before by Prince Abdullah. 
  • valleynick66
    valleynick66 Posts: 4,889
    I suggest CM share this news with our consortium to explain why they need to invest heavily in our squad this January…😉🙂
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  • Athletico Charlton
    Athletico Charlton Posts: 14,273
    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
    valleynick66 Posts: 4,889
    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. 

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