Monday, 16 September 2019

#Saudi prince wins full control of Sheffield United | Financial Times

Saudi prince wins full control of Sheffield United | Financial Times:

A Saudi prince has secured full control of Sheffield United after the UK High Court ruled in his favour to end a two-year legal battle over control of the Premier League club.

Prince Abdullah Bin Mosaad Bin Abdulaziz al-Saud, a grandson of the late King Abdulaziz, has been locked in a dispute over the Yorkshire club’s ownership with Kevin McCabe, an English property developer and boyhood fan.

On Monday the High Court ruled Mr McCabe must sell his family’s 50 per cent stake to Prince Abdullah for £5m, in line with an agreement made in 2013 when the Saudi businessman first invested in the club.

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