American consortium in advanced talks to take over Sheffield United despite relegation

According to a source close to the US consortium, there have been advanced discussions about a takeover and there is hope of a breakthrough in the next month. They have also appointed an English speaking technical advisor to liaise with the potential business.

Telegraph Sport revealed the initial interest a year ago, quoting a source: “They are a Silicon Valley private equity fund looking at options, potentially in the Premier League.”

Prince Abdullah was previously in talks with Nigerian businessman Dozy Mmobuosi, but a takeover never materialised. Mmobuosi has since been charged with fraud by the US Securities and Exchange Commission.

Sheffield United have returned to the Championship after a season back in the top flight, picking up just 16 points last season and finishing bottom of the table.

Should the new consortium succeed in gaining control of the club, it would increase the number of American-owned clubs in English football. In the Premier League, Chelsea were the last to be taken over by United States owners, while Liverpool are owned by Fenway Sports Group, although the Glazer family sold part of Manchester United. In the Premier League last season, half of the clubs were either owned or part-owned by US investors

American investment group 49ers Enterprises bought Leeds United last year, with the club facing Southampton this weekend in the Championship play-off final.