Sheffield United set for takeover following EFL approval
Sheffield United’s takeover by US consortium COH Sports has received the green light from the EFL, the Championship club have confirmed.
A statement from the Blades’ Chairman, Yusuf Giansiracusa, said, ‘We are pleased to hear that COH Sports has finally received EFL approval.
‘We look forward to updating you over the coming days.’
The US consortium is led by Stephen Rosen, Co-Founder of private equity firm Resilience Capital Partners, and Helmy Eltoukhy, the CEO of Guardant Health.
Saudi Arabian Prince Abdullah bin Abdul Aziz Al Saud has been Sheffield’s exclusive owner since 2019, after initially acquiring a 50% shareholding in 2013.
Once complete, the agreement will see the South Yorkshire outfit become the latest English club to fall under US ownership.
At present, half of the Premier League’s 20 clubs are American-owned, following Everton’s reported £500m takeover by the Friedkin Group in September.
A number of clubs across the EFL’s Championship, League One, and League Two have also received US investment, including Wrexham, Millwall, Norwich City, Birmingham City, and Swansea City.
Rosen and Eltoukhy said in a joint statement, “We are pleased to have secured approval from the EFL and thank them for their thoughtful engagement on the process.
“This was the last outstanding matter, and we look forward to moving forward to completion as soon as possible.
“We want to see the club building on its strong start to this season and believe that only a rapid completion will allow us to support [Manager Chris Wilder] and the team in securing the best result in the January window.”
According to the two US businessmen, the club’s new ownership already has already made plans for the January transfer window, if the takeover goes through in time.
Currently at the top of the Championship, the Blades are eyeing an immediate promotion back to the top-flight division, following their relegation at the end of the 2023/24 season.
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