Sheffield United’s co-owner Kevin McCabe must sell his share of their club Prince Abdullah, to Saudi co-owner, a High Court judge has ruled.
McCabe will have to sell his stake Prince Abdullah for # 5m from the Premier League club.
At a hearing that lasted less than three minutes, Justice Fancourt’s conclusion finished a bitter 18-month legal struggle for control at Bramall Lane.
After hearing six months of proof in the High Court of London the judge stated his firm SUL and McCabe must sell their stocks.
The royal bought 50 per cent of this One club for #1 six decades ago, promising to finance the running of the club for 3 years.
In a statement, Prince Abdullah said:”I am thrilled that this decision brings an end to the uncertainty on Sheffield United’s future. Our supervisor Chris Wilder and the staff are off to a start and we can concentrate on this Premier League season under possession that is stable.
“[…] I’m fully committed to continued investment in the First Team and the Academy as well as delivering best practices and the highest standards of management to the club.
“I also look forward to hearing from the fans, team staff and other stakeholders seeing ways where we can improve the matchday experience and encourage the community that has loyally supported us.
“One initiative already underway is the unification of the club and its key properties. We want to own our arena and intend to complete this integration within the upcoming year.”
Justice Fancourt adjourned the case till October 14, after which McCabe would have 21 days to determine whether he’s to appeal the conclusion of Monday.
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