Sheffield United Owners COH Sports Company Wound up in Court
United World said it is owed more than £35 million after the 2024 takeover, and a judge granted the winding-up petition.
- On Wednesday, Prince Abdullah bin Mosaad's United World Holding Limited won a High Court order to wind up COH Sports Bidco Limited , the company that acquired Sheffield United in 2024.
- United World filed the petition last month, claiming it is owed more than £35 million from the 2024 sale to CSBL, led by American co-chairmen Steven Rosen and Helmy Eltoukhy.
- Judge Paul Greenwood granted the 'usual compulsory order' during a brief hearing at London's Insolvency and Companies Court that lasted around 10 seconds, amid disputes over whether 1919 Partners LLC sits at the centre of the ownership structure.
- A Sheffield United spokesperson stated, 'This High Court decision is not a Sheffield United Football Club issue,' distancing the team from the legal actions against its former parent company.
- The English Football League may impose a 12-point deduction if ownership regulations were breached, as United World claims shifting ownership to 1919 Partners 'appears to be an attempt to avoid paying CSBL's creditors.
13 Articles
13 Articles
Sheffield United could face massive points deduction after owners liquidated
Championship side Sheffield United could potentially suffer a 12‑point deduction in the new season, after the company used to purchase the Yorkshire team was placed into liquidation by the High Court
Soccer-Sheffield United’s ex-owners winds up company which bought club
LONDON, Aug 19 (Reuters) - Sheffield United's former owner on Wednesday won a bid to wind up the company that in 2024 bought the second-tier Championship side, which said the High Court's decision was not an issue for the club. United World, led by P...
Yorkshire Post
Rother Radio - Rotherham & Sheffield's Best Variety of Hits!Company owned by Sheffield United co-chairmen wound up
A company owned by Sheffield United’s chairmen has been wound up at the High Court.
Soccer-Sheffield United's ex-owners winds up company which bought club
LONDON, Aug 19 (Reuters) - Sheffield United's former owner on Wednesday won a bid to wind up the company that in 2024 bought the second-tier Championship side, which said the High Court's decision was not an issue for the club.
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