Sheffield United’s co-owner, Kevin McCabe is locked in a bitter dispute with a Saudi Prince who could gain control of the club for just £5m according to Sky Sports.
The report claims that Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud has found a loophole in their agreement which was reached in 2013, which would allow him to purchase the club for £5m.
This potential agreement wouldn’t involve the Saudi Prince taking charge of the stadium, training grounds and hotel.
Paul Downes QC, who is acting for McCabe has claimed that the McCable family have invested over £70m in total, and when he was introduced to the Saudi Prince, he was lead to believe that he had a substantial amount of wealth.
But Downes went on to reveal that the Prince has breached his financial obligations in making two separate payments totalling to £2m to keep the club running.
The Blades certainly won’t want this to spiral out of control, especially after such an impressive season on the pitch.
Chris Wilder’s side achieved promotion back into the Premier League as they finished in the automatic promotion places behind Norwich City to make a timely return back into the top-flight.
This needs to be resolved ASAP.
You don’t need off-the-field disputes taking centre stage as you prepare for life back in the Premier League, and there will be some concern if he does take control of the club after failing to make payments earlier this season.
It’s a potentially worrying report to read if you’re a Sheffield United fan.