Home Coach outlet profit Sheffield United takeover: US tycoon’s £115m bid ‘accepted’ after Newcastle bid failed

Sheffield United takeover: US tycoon’s £115m bid ‘accepted’ after Newcastle bid failed

4
0

Rumors of a takeover at Sheffield United have been circulating for several weeks and US businessman Henry Mauriss’ £115million bid is believed to have been accepted.

US tycoon reportedly interested in buying Sheffield United

Sheffield United owners have reportedly accepted a £115million bid from American businessman Henry Mauriss to buy the Championship club.

Mauriss attempted to buy Newcastle for £350m before a Saudi-backed consortium completed a takeover of the Toon in October. It is believed the businessman held an exclusivity clause with former Newcastle owner Mike Ashley until talks broke down in 2020.

The Blades are currently owned by Abdullah Bin Mosaad Bin Abdulaziz Al Saud, a Saudi prince who bought a 50% share of the club in 2013. He won a long legal battle with former co-owner Kevin McCabe to gain full control of the club. . in 2019.

“No owner, manager, coach or player is bigger than the club, but together with the fans we all share the common desire to make the club ever bigger,” Prince Abdullah promised after winning the legal battle. Sheffield United was a Premier League side at the time.

“After more than 20 months of contentious litigation, the club are delighted that this judgment puts an end to the uncertainty over the future ownership of Sheffield United and allows us to focus our full attention on the season ahead,” a statement from the club added. clubs in 2019.

Prince Abdullah is believed to value the Blades at £115million, the amount believed to have been offered by Mauriss. This would represent a substantial benefit for the Saudi prince, as he was ordered to pay McCabe just £5million when he became sole owner two and a half years ago.







Sheffield United are currently battling for promotion to the Premier League
(

Picture:

Getty Images)


Which three teams will be promoted to the Premier League this season? Let us know in the comments below!

United are currently sixth in the Championship – sitting last in the play-offs – one point ahead of Millwall in seventh. They were relegated from the Premier League last season after finishing 20th with just 23 points to their name.

As BBC Sport reported, any deal to buy the Blades would be subject to testing by EFL owners and directors – which could take some time. Mauriss will have to prove its funding sources and its sustainability before a takeover can be finalized.

It is understood that two different parties have approached Prince Abdullah to buy the South Yorkshire club. Rumors of a regime change in Bramall Lane have been circulating for several weeks, according to local newspaper the Sheffield Star.

American tycoon Mauriss is believed to have made his fortune in the credit card and finance industry before moving into the media and PR business. Rumors suggest he is a Tottenham supporter and admires the work of Liverpool chiefs John Henry and Tom Werner.

As reported by The Athletic, Ashley appeared “baffled” by Mauriss’ slow bid to take over Newcastle. Sheffield United declined to comment after being approached by the same outlet, while the EFL and Mauriss have yet to respond.

“In terms of a buyout, that’s none of my business,” Blades manager Paul Heckingbottom said when asked earlier this week. “There is nothing I can do to affect this. There is no information that I can give you because I don’t know anything.

Read more

Read more