Prince Abdullah willing to sell the club for £170m

Prince Abdullah, the owner of Sheffield United, has told potential buyers that he is willing to sell the club for £170m, per a report from Bloomberg.

In January of this year, the Blades were placed under a transfer embargo due to unpaid instalments on transfer fees. A remarkable FA Cup run proceeded which would aid the lifting of the embargo in April.

In the past 12 months, United have flirted with a takeover but nothing materialised. First, American businessman Henry Mauriss attempted to become the new Sheffield United owner. However, he failed the EFL’s Owners and Directors’ Test. As did Nigerian businessman Dozy Mmobousi. Both men’s legitimacy has been questioned in the past.

ROTHERHAM, ENGLAND – SEPTEMBER 07: Sheffield United co-owner and chairman Prince Abdullah bin Mosaad bin Abdulaziz Al Saud (L) is seen during the Sky Bet League One match between Rotherham United and Sheffield United at the New York Stadium on September 7, 2013 in Rotherham, England. (Photo by Chris Brunskill/Getty Images)

Sheffield United’s financial struggles have been well-documented over the last several months. Because the club gained promotion to the Premier League, they will receive a much-needed boost to their finances. Even still, the club will operate with a low transfer budget this summer. The Star has previously stated that the budget for transfer fees will be approximately £20m.

Nevertheless, the Blades are keeping busy in the summer window, and they are set to announce the signing of Anis Slimane shortly. The club will reportedly pay less than £1m for the Tunisian international. In addition, United are also the frontrunner to sign promising forward Bénie Traoré. He is set to arrive in Sheffield for the final stages of negotiations and to undergo a medical.

In the report by Bloomberg, it claims that Sheffield United’s 25-man first-team squad has a combined market value of £125 million. This was disclosed in an investor presentation in May 2023.





Tags finances Prince Abdullah Sheffield United Takeover