Sheffield United could be hit with a 12-point deduction this season after the Championship club’s former parent company was liquidated by a business court in London on Wednesday.
American investors Helmy Eltoukhy and Steven Rosen set up COH Sports Bidco Limited (CSBL) in July 2024 to buy Sheffield United from Saudi royal Prince Abdullah Bin Mosaad bin Abdulaziz bin Al Saud’s multi-club group United World.
That deal, which valued the club at just over £100million ($135million), was completed in December that year, with CSBL paying an initial instalment of circa £30million ($41m) but a second payment of £35million ($47.6m) arrived late and a final payment, of a similar amount, never came.
That prompted United World to…