Who owns Sheffield United? How much did Prince Abdullah pay?

Who is the current owner of Sheffield United?

Prince Abdullah of Saudi Arabia owns Sheffield United.

Prince Abdullah is a member of the royal family of Saudi Arabia. He was the Chairman General of the General Sports Authority of Saudi Arabia from 2014 to 2017.

Who are the Sheffield United directors?

The chairman of Sheffield United is Yusuf Giansiracusa.

He is Prince Abdullah’s lawyer and confidante.

The current chief executive of the club is Stephen Bettis.

What is the net worth of Prince Abdullah?

Prince Abdullah’s net worth is not publicly known.

The Telegraph reported in 2013 that he was worth £18bn, but a court case involving Prince Abdullah suggests his fortune is much lower.

When did Prince Abdullah buy Sheffield United and who was the previous owner?

Prince Abdullah first took a 50% stake in 2013, joining with owner and lifelong fan Kevin McCabe.

The club was then in League One and Prince Abdullah invested £10m.

The pair had a rift in 2017, which spilled over into a legal battle over ownership of the club.

McCabe sought to buy Prince Abdullah’s stake for £5m, with the offer also allowing for a similar counter-offer.

A ruling in 2019 allowed the Saudi prince to buy the remaining stake in the club for £5 million.

The judge overseeing the High Court case admitted that Sheffield United were valued at around £100m at the time.

Is Prince Abdullah selling Sheffield United?

Sheffield United are facing a possible takeover, with an unnamed consortium of Silicon Valley investors in talks to buy the club.

A report in The Telegraph says a request has been made to the EFL for a test for owners and managers.

It follows last year’s negotiations between Sheffield United and Nigerian businessman Dozy Mmobuosi.

Mmobuosi has since been charged with fraud by the US Securities and Exchange Commission.

What is Prince Abdullah’s record as owner of Sheffield United?

Sheffield United have improved their league positions since Prince Abdullah joined in 2013, but his time has been marred by the High Court case between Kevin McCabe and himself.

After promotion to the Championship in 2016–17, they spent two seasons in England’s second division.

With Chris Wilder as the club’s manager, they were promoted to the Premier League after a successful campaign in the 2018-19 season.

In their first season, Sheffield United finished ninth. They were relegated the following season, returning in the 2023–24 season when they finished last.

The club made a record financial loss for the 2022-2023 season of £31.4 million.

They also faced an EFL transfer embargo for failing to meet payments to another club.